Pittsburgh: Bitcoin Too Unstable for Local Tax Payments
Earlier this week a report surfaced suggesting that Pittsburgh, Pennsylvania, was considering accepting bitcoin as part of a bid to improve the ability of residents to pay local taxes, fines and fees. The move, as suggested by Let's Talk Bitcoin, would have made the 300,000-person city "the first municipality to accept bitcoin", a decision that could have had a potentially wide-ranging impact on other local governments in the US. However, in new statements to CoinDesk, city officials have confirmed that while "digital currency was indeed mentioned in one of the transition reports written....
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While California moves forward with a case for Bitcoin integration, across the country Pittsburgh is mulling a plan which could see it become the first US municipality to accept digital currency. Let’s Talk Bitcoin reports that a local government subcommittee document which appeared online recently sets out steps for “Improvement of digital government,” which among other things explicitly states the possibility of “perhaps becoming the first municipal government to accept digital currency.” And while the report does not mention Bitcoin specifically, the local government’s stance can only....
I am pleased to have the honor of posting my daily sports betting picks here on CryptoCoinsNews! Along with the current odds on Bitbook.biz, I will also be posting a short summary behind the reasoning for this pick to succeed. Here are my sports picks for January 20, 2014. NHL: Pittsburgh Penguins vs. Florida Panthers. Pick: Pittsburgh ML -275. Pittsburgh Penguins vs. Florida Panthers. Pick: Over 5.5 +100. The Pittsburgh Penguins will be hosting the Florida Panthers at the Consol Energy Centre tonight. The past 8 meetings have resulted in 8 out of 8 wins for Pittsburgh, and I expect....
Updated with comment from Coinfloor. UK-based bitcoin exchange Coinfloor is now accepting domestic deposits via local bank transfer in an effort to accelerate its local payments services. The feature was brought about by popular demand thanks to a Coinfloor customer survey that found that the majority of Coinfloor's users (47%) would like to see faster local payments. Coinfloor also credited its customers with helping it continue to improve its services, stating: "The trust, support and feedback of our users has played a significant role in our course of action and focus over the last two....
The European Central Bank has released a new report on digital currency, describing it as "inherently unstable" but potentially transformative in the realm of payments. The ECB study builds off an earlier study published in 2012, offering both a general overview of digital currencies as well as follow-up analysis on the potential benefits and risk of using so-called virtual currency schemes (VCS). The central bank, which oversees national-level central banks in the eurozone, suggested in the report that digital currencies could impact the ECB's ability to function. However, it stopped....
Per a report from local news outlet Kommersant, the Russian Ministry of Finance has completed a bill addressing crypto payments in the country. The document was obtained by the local news website and confirmed by two different sources. Related Reading | Don’t Help Russia, Or Else… Treasury Official Says US Will ‘Come And Find You’ The […]