VENTURE CAPITAL POST

No more Bitcoin payments for Microsoft Windows 10 devices. Existing balance can still be used to purchase on Windows Store but cannot be refunded or added. Xbox users can still add Bitcoins to their accounts.

The Canadian government has finally broken its silence about the Bitcoin, rejecting the digital currency as legal tender in the country, The Wall Street Journal blog Canada Real Time reported.

The price of Bitcoin went over $1,000 on Mt. Gox again today after Zynga Inc said it would be accepting the virtual currency, Bloomberg reported.

According to the South China Morning Post, the growing popularity of the Bitcoin has also led to a boom of sorts in bitcoin software for smartphones, the South China Morning Post reported.

Bitcoins suffered a blow in Norway as the government declared that it was not real money. It will be treated as an asset and be subject to a capital gains tax, Bloomberg reported.

The US Department of Justice and the Securities and Exchange Commission said bitcoins offer legitimate financial services. The regulators said the digital currency offered various benefits and risks.

Benjamin M. Lawsky, the State Superintendent of Financial Services for New York, said he would hold a public hearing to talk about the feasibility of licensing companies that performs transactions using digital money.

In an agreement for mining explorations servies, the mode of payment between Alix Resources the owner and Ridge Resources the contractor would be payment in the Canadian value of Bitcoins.

The Federal Bureau of Investigation shut down the illegal operations of Silk Road, an online black market for illegal goods and services.

Owning Bitcoin could become illegal if governments outlawed the digital currency due to unusual risks and decentralization.

Venture capitalists said that Bitcoins was confusing but its future looks bright.