South Korean Bitcoin startup raises $400K from Silicon Valley investors

South Korea-based Bitcoin startup Korbit raised $400,000 in funding from several Silicon Valley investors including Tim Draper, Naval Ravikant, David Lee, and Barry Silbert, for the company's growth.

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Bank of Finland says Bitcoin is not a currency, but a commodity

The Bank of Finland said that digital currencies like the Bitcoin cannot be considered an official currency but is more comparable to a commodity, Bloomberg reported.

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Sacramento Kings is first major US sports team to accept Bitcoin

Professional basketball team Sacramento Kings is the first team in the US to accept the Bitcoin, highlighting its fascination with the digital currency, The Sacramento Bee reported.

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You can now pay your taxes to IRS with Bitcoins - report

Paying online purchases with Bitcoin is not something new but paying taxes using the digital currency is and SnapCard is the startup that makes that possible, according to Forbes Contributor Ben Kepes.

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Secretive company controls 45pct of emissions of Bitcoins- report

The mining pool run by a secretive company known as which has links to Ukraine nearly controls 45% of Bitcoin network's processing power, according to a report by Bloomberg View contributor Leonid Bershidsky.

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Top 10 predictions for Bitcoin in 2014 - source

The value of the Bitcoin has soared in recent months, but can the technology also help make predictions? A research team from a venture capital firm lists top 10 predictions for the digital currency in 2014.

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Singapore spells out tax policies on Bitcoin transactions- report

While other governments have not provided regulations about the digital currency, Singapore has issued regulations about how merchants can manage Bitcoin taxation and related transactions.

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Utah's partners with Coinbase to become largest online store to accept bitcoins as payment

Utah-based online retailer struck a partnership with California-based bitcoin wallet Coinbase in a deal that made it the biggest online seller to embrace bitcoins as payment.

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Report gives 5 lessons gleaned from the Bitcoin phenomenon

Reuters Breakingviews Economics Editor Edward Hadas said the Bitcoin is nearing its end. Before it becomes forgotten, he gives five lessons that can be learned from the Bitcoin mania.

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Taiwan rejects Bitcoin ATMs

The government of Taiwan said no to American firm Robocoin's installation of Bitcoin ATMs in the country because it believes Bitcoins are not real currencies, according to a government officer.

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American game maker Zynga embraces Bitcoin

US-based social games maker Zynga is testing Bitcoin payments for in-game purchases in some of its popular titles including FarmVille 2 and ChefVille, and has partnered with BitPay to handle the transactions.

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Asia's richest man invests in US startup BitPay

Li Ka-shing, the richest man in Asia, has just invested an undisclosed amount in BitPay, a US-based startup that provides services similar to a PayPal for bitcoins.

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Should everything goes as planned, online discount retailer will be the first prominent retailer to accept Bitcoins as payment, The New York Times Bits reported.

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Virtual currency Dogecoin gets hacked at height of niche growth

Dogecoin, which grew from a satirical meme to Bitcoin to a pseudo-legitimate currency, experienced a big hack today after virtual wallet Dogewallet announced its shutdown of services due to hackers who stole around $12,000 worth of Dogecoins from the site.

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Is it the end of Bitcoin's venture funding run?

As the hype about the Bitcoin dies, a PCWorld report asks if the well for venture funding for the digital currency has come to an end.

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