Bill-splitting service BillPin adds support for bitcoin
BillPin is a new service designed to take the pain out of splitting bills with friends. It launched in February. It now, however, has just added 40 more currencies including bitcoin and beer! The Singapore-based service can be used on the web, and has apps for Android and iOS. From now on, when users sign in, they will be asked to select their default currency. In most cases, this will be the local fiat currency. However, it is possible to opt for bitcoin too. If users on your list of balances use different currencies, the app lets you switch those balances to your local currency. Then you....
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California residents: some good news for you this Tuesday morning. It would appear that lawmakers in California have approved a specific measure that would make the use of bitcoin and other alternative currencies simpler in the Golden State. That's according to CNBC, who adds that the bill will effectively repeal what is considered to be an outdated law that bans business be done with anything other than the United States dollar. "This bill is intended to fine-tune current law to address Californians' payment habits in the mobile and digital fields," said the bill's author, Roger....
A Bitcoin bill becomes law, a new form of Mac malware emerges, and Steemit uses digital currency to steer traffic. Want to catch up on the latest cryptocurrency news? Take a look at the stories below: THE NEWEST BITCOIN BILL. North Carolina Governor Pat McCrory has signed a new Bitcoin bill into law, expanding the state’s Money Transmitters Act to include cryptocurrencies. The bill defines virtual money as: “A digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value.” The words almost seem to suggest the....
North Carolina Governor Pat McCrory signed 16 bills into law today, one of which was House Bill 289, which expands the state’s Money Transmitters Act to cover activities related to bitcoin and other blockchain-based digital currencies. Introduced in 2015, the passage of the law represents the fruition of more than a year of engagement between members of the US blockchain and digital currency industry and local regulators. Though the bill has not been without criticism, in interviews with CoinDesk, prominent advocacy groups largely voiced support for the measure as a step forward for the....
The Ethereum Merge may constitute a taxable event if it results in a chain-splitting hard fork, tax experts warn. Ethereum (ETH) hodlers that don’t play their cards right following the Ethereum Merge may be in for a hefty bill come tax time, according to tax experts. Around Sept.15, the Ethereum blockchain is set to transition from its current proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS), aimed at improving the network’s impact on the environment. There is a chance that The Merge will result in a contentious hard fork, which will cause ETH holders to receive duplicate....
The California Senate Appropriations Committee has voted 6-1 to advance a bill that would create a licensing regime for bitcoin companies in the state. The bill moved forward on 27th August, with Senator Jim Nielsen, a Republican from California's Fourth District, casting the lone dissenting vote. The bill received a second reading on Monday, with a third reading set for a later date. AB-1326's movement through the California Senate - it passed the lower chamber in June - comes as groups supporting and opposing the measure spar over the law's wording. The bill, introduced by Assemblyman....