/Tag:Bitcoin

Gibraltar accepts bitcoin as a trading currency

What is bitcoin? Bitcoin is a virtual currency. In comparison with traditional currencies, bitcoin is not controlled by any central authority (e.g., a central bank). New bitcoins are generated by a decentralized process called mining. It involves the processing of bitcoin transactions by using specialized hardware.People who would like to start generating bitcoin have to use [...]

CAN I PAY MY TAXES WITH BITCOIN?

A new controversial currency, bitcoin, is a widely discussed topic nowadays. While the bitcoin skeptics point towards the vulnerability of the system and criticize the lack of a central authority, the adherents claim bitcoin to be the currency of the future. For example, Bill Gates advocates this new type of money by stating that“bitcoin is better [...]

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