Bitcoin Bar ‘Room 77’ Shuts Down
Room 77, the German bar and restaurant that claims to be the first retail outfit in the world to accept bitcoin payments, has shut down. Cypherpunk Holdings chief economist Jon Matonis broke the news on Twitter. Bar owner Jorg Platzer later confirmed it on Reddit. “Room 77 is closing for good,” Platzer revealed in a rather futuristic, celebratory post on Oct. 18. “We think our mission is accomplished and it is time to go back to our home planet. Thanks for all the fish and the generous tips!” No official reason was given for the closure of the Berlin-based joint.....
Related News
Australian Bitcoin startupLiving Room of Satoshi has resumed operations following their closure in October. Using the Living Room of Satoshi website, Australians can use bitcoin to pay any bills that utilize BPAY, an Australian electronic payment system. According to the company, the service caught on quickly; the Living Room of Satoshi processed more than $250,000 in bills from its launch in May until its closure. Also read: UK Treasury Seeking Regulation Advice From Bitcoin Community. Bitcoin Company Living Room of Satoshi Resumes Operations. The Living Room of Satoshi was forced to....
The venue at Bitcoin 2013 is spread out between four rooms for talks and panel discussions, each with a general scope or area of interest, in addition to the expo hall with a main stage and a large room on the far end that is the Hackathon Work Room. The panel/speaker rooms are Lightning, Tech, Business and one room for all things legal/regulatory/economics. Note: Times are GMT. Read More:
Recently, a service called the Living Room of Satoshi announced reopening its doors despite the unfair Australian goods and services tax (GST). Bitcoin business are hit hard by the GST ruling, and Living Room of Satoshi announced prior that it was closing shop due to the financial regulation. The service provides Australian residents with a way to pay bills and utilities with bitcoin while utilizing BPAY, a popular universal bill-payment system that nearly every major business uses. Through Living Room of Satoshi, Australians paid $150,000 worth of bills using bitcoin.
With the integration of DASH, Living Room of Satoshi now enables Australian users to pay their bills with the 7th largest cryptocurrency. Bitcoin is not the only cryptocurrency of importance anymore. The altcoin revolution that followed Bitcoin, thanks to the open source nature of Bitcoin code is slowly catching up with mainstream economy. Proving it is the recent development involving DASH — the 7th largest cryptocurrency in terms of market capitalization. According to reports, DASH can now be used by Australian residents to directly pay their utility bills. The latest option is made....
There is still a few more days left for submitting comments to the NYDFS regarding the BitLicense, but for some Australian Bitcoin companies it is already too late. The Living Room of Satoshi has suspended all operations in light of the recent goods and services tax (GST) ruling on bitcoin. The Living Room of Satoshi was “a simple, secure way to pay your everyday Australian bills (electricity, rego, phone, credit card, etc) with bitcoin.” Unfortunately, under the new GST ruling, Living Room of Satoshi customers would be taxed once when sending funds to the company, and again when the....