BayPay Members Blogs

This additional resource is sponsored by The BayPay Forum.

Libra Promises Bitcoin Tax Service to Ease Compliance With IRS Guidance

Screen Shot 2014-04-02 at 11.37.32 PM
Remember when we wondered whether someone would develop a service to help you keep track of the capital gains on bitcoins? Well, now it turns out that someone has – or,...
Continue reading
  0 Comments
0 Comments

Congressional Hearing Explores Costs, Benefits of Small Business Bitcoin Use

Screen Shot 2014-04-02 at 5.30.06 PM
The US House of Representatives committee on small business held a hearing on 2nd April to discuss the growing use of bitcoin by the country’s small business owners (SMBs), and the...
Continue reading
  0 Comments
0 Comments

Bank of Montreal Open to Rekindling Partnerships with Bitcoin Businesses

shutterstock_130730714
The Bank of Montreal, one of Canada’s ‘Big Five’ banks and the fourth largest in the country, issued new statements on 1st April suggesting that it may be open to working...
Continue reading
  0 Comments
0 Comments

Chinese Bitcoin Exchanges OKCoin, FXBTC Report New Deposit Freezes

shutterstock_142871650
Screen Shot 2014-04-02 at 2.33.34 PM
Following on the heels of the news that China-based bitcoin exchange BTC38 would suspend fiat-to-digital currency trading , rival Chinese exchanges OKCoin and FXBTC have received official notices from financial partners...
Continue reading
  0 Comments
0 Comments

Robocoin Machine Heats Up Competition Between London’s Bitcoin ATMs

Robocoin Bitcoin London
Robocoin ATM London
  A two-way Robocoin bitcoin ATM has just landed on the shores of England, thanks to the efforts of Global Bitcoin ATM, a UK-based company. Located at Worldwide Connection , an...
Continue reading
  0 Comments
0 Comments

Bitcoin Commodity Exchange CEX.io Imposes Trading Fee, Prepares for USD

CEX.io page
The CEX.io bitcoin commodity exchange is to introduce a trading fee within the next two weeks.The fee will be introduced in two stages: initially a fixed commission of 0.2%, which will...
Continue reading
  0 Comments
0 Comments

Fitch: Regulation Could Rob Bitcoin of its Low-Cost Appeal

fitch-ratings-logo
Fitch_Bitcoin_Transaction Volumes
Fitch_Bitcoin_High Volatility
Fitch_Bitcoin_Currency Comparison
Global credit rating agency Fitch Ratings believes bitcoin is still too small to affect traditional payment systems and national currencies. The agency’s Why Forum published its findings in a report on...
Continue reading
  0 Comments
0 Comments

Online Payment Provider PayStand Exits Beta, Announces Bitcoin Support

Screen Shot 2014-04-02 at 10.13.29 AM
California-based online payment processor PayStand has launched out of private beta to provide US-based websites and mobile applications another way to accept payments such e-checks, credit cards and bitcoin.With the announcement,...
Continue reading
  0 Comments
0 Comments

BTC38 Suspends Trading, Cites China Central Bank Guidance

china central bank
China-based bitcoin exchange BTC38 announced to its users that some of its services will be suspended following a shift in policy from the People’s Bank of China (PBOC), the nation’s central...
Continue reading
  0 Comments
0 Comments

Cryptsy Founder Paul Vernon on Worthy Altcoins, Pre-Mining and Compliance

Paul Vernon
Top ten trading pairs on the exchange by volume. Source: Cryptsy
One week DOGE/BTC trading. Source: Cryptsy
One week AUR/BTC trading. Source: Cryptsy
Charlie Lee (LTC), Paul Vernon and Jackson Palmer (DOGE) answering questions at CoinSummit's altcoin panel.
Florida-based exchange Cryptsy trades in over 130 cryptocurrencies, and cryptocurrencies alone. There are no government-denominated currency trading pairs on the exchange. At least, not yet. Cryptsy regularly exceeds 2,300 BTC in volume on a...
Continue reading
  0 Comments
0 Comments

Florida Group Accused of Altcoin Pump-and-Dump to Boost Scrypt ASIC Presales

Court documents
A group of Florida residents have been accused of fraudulently selling scrypt mining ASICs as part of an altcoin pump-and-dump scheme. Perpetrated from March 2013 through August of this year, the scheme centered...
Continue reading
  0 Comments
0 Comments