Month: March 2014

Denmark Declares Bitcoin Trades are Tax-Free

It seems like the United States is not the only country making important decisions about bitcoin in the middle of its tax season.

Shortly after the US Internal Revenue Service (IRS) declared that it would treat digital currencies as property for tax purposes, the Tax Board in Denmark has ruled that gains and losses from casual bitcoin trading are not subject to taxation.

Politiken reports that Denmark’s top tax authority met today to discuss digital currencies and how to approach their…

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Mark Driscoll Retracts Bestseller Book Status, Resets Life…… | News & Reporting

In response to recent controversies, Seattle pastor Mark Driscoll has written a candid letter to his congregation that attempts to clarify the significant staff turnover at Mars Hill Church and the controversial marketing campaign that gave Real Marriage bestseller status.

In short:

  • Driscoll is voluntarily retracting his claims to “No. 1 New York Times bestseller” status, because he now sees the marketing campaign used for Real Marriage as “manipulating a book sales reporting system, which is wrong.”

  • Driscoll regrets how the recent “significant turnover of key staff members” was handled. “I am deeply grieved and even depressed by the pain we have caused,” he writes, and expresses hope for reconciliation with former staff who have recently “chosen to air their concerns online.”

  • Driscoll says his “angry-young-prophet days are over.” He plans to “reset my life,” starting with quitting social media for the rest of 2014 (and maybe longer). “The distractions it can cause for my family and our church family are not fruitful or helpful at this time,” he writes.

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Hackers Hit Mt. Gox Exchange’s CEO, Claim To Publish Evidence Of Fraud

The Bitcoin community has been angrily pressing for details on what the Bitcoin exchange Mt. Gox has described as a massive hacker attack that stole hundreds of millions of dollars worth of its users’ bitcoins and left the company bankrupt. Mt. Gox’s staff isn’t talking. So another group of hackers say they’ve broken into the company’s servers to provide answers of their own.

On Sunday, hackers took over the Reddit account and personal blog of Mark Karpeles, Mt. Gox’s CEO, to post an angry screed alleging that the exchange he ran had actually kept at least some of the bitcoins that the company had said were stolen from users. “It’s time that MTGOX got the bitcoin communities wrath instead of [the] Bitcoin Community getting Goxed,” wrote the unidentified hackers, referring to the…

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