Bitcoin Slips In The Wake Of The IRS’s Tax Decision

Earlier this week, the IRS decided that Bitcoin is property, not currency, setting in place a regulatory structure that could see users of the cryptocurrency forced to keep price score in a rapidly shifting market. Bitcoin had a rough time of it last week, as GigaOm reported, losing around 17% of its value. Part of that was tied to a rumor regarding Bitcoin in China, and part, I think due to the… Read More

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