It's All About the Bitcoins
Norway is recognizing what bitcoin isn’t: a real currency.
The government announced Monday said it wasn’t going to treat the virtual cash as a legitimate form of payment because it doesn’t “fall under the usual definition” of being a form of money. Instead, Norway will treat it as an asset and subject it to capital gain taxes.
Uber is pissed at the person who leaked internal revenue figures to Valleywag, but didn’t deny that it makes millions. [AllThingsD]
Even creator Ev Williams is still figuring out what Medium should be. Hopefully the redesign helps? [Fast Company]
On Cyber Monday, Pinterest nearly tripled the revenue on retail sites that it sent traffic to. [TechCrunch]
Here’s what happens when you use bitcoins to purchase gifts on your Christmas list: you commission a portrait of your cat. [Time]
Airbnb’s new San Francisco headquarters have mini apartments influenced by major cities, like Bali and Paris. [PSFK]
“Bitcoin is too dependent on speculative mania to be of practical use as a currency,” opines Adrian Chen because Thomas L. Friedman is off this week. [New York Times]
The NSA reportedly monitored the porn habits of six Muslisms’ as part of a plan to discredit them. [Huffington Post]
Fab.com’s Jason Goldberg has no idea how to run a company. [The Verge]
Betabeat’s official store, Target, is launching a startup accelerator in India to tap into the nation’s growing tech sector. [TechCrunch]
Watch everyone’s flights get cancelled from the comfort of your own laptop with the Misery Map. [BuzzFeed]
Oh great, you can finally do something useful with all those bitcoins laying around: leave this god forsaken planet. Sir Richard Branson announced today that his space airline Virgin Galactic will accept the virtual current when it launches next August.
Weird, Google is using shady tactics to inflate Google+ user numbers. [AllThingsD]
The iPad Air goes on sale today, nerds. [Digital Trends]
Circle Internet Financial has raised $9 million in funding to bring Bitcoins mainstream since we’re still trying to make that a thing. [TechCrunch]
Haha, remember when we got excited that Netflix might soon come to Comcast’s boxes? The cable company is telling everyone to chill because it’s “not a high priority.” [Chicago Tribune]
The Internet is telling Nick Bilton “thanks!” for helping push the FAA’s new gadget rules. [Skift]
A Palestinian IT expert exploited a Facebook loophole by writing on Mark Zuckerberg’s wall without being connected to him to show off his discovery. The company is now apologizing for ignoring the bug report. [AllThingsD]
Twitter poached Jennifer Prince from Google to lead its ad sales efforts with movie and television companies. [Variety]
Zillow is purchasing StreetEasy for a cool $50 million. [AllThingsD]
In Germany, Bitcoins are now subject to a capital gains tax because it’s a form of “private money.” [ArsTechnica]
Jobs garnered an embarrassing $6.7 million in its debut weekend. That makes the Newton look like a rousing success. [Wall Street Journal]
Um, ew? There’s mounting evidence that the next iPhone is going to be available in gold. [TechCrunch]
What’s the point of a digital crypto-currency if you can’t use it to shake down a presidential candidate?
Politico reports that Michael Mancil Brown, a 34-year-old Tennessee man, stands accused of attempting to extort money out of Mitt Romney and PricewaterhouseCoopers in the run-up to the election.
It's All About the Bitcoins
Bitcoin day traders are at loose ends again today, as the major exchange Mt. Gox just announced they’ve shut down trading, in order to “allow the market to cooldown following the drop in price.”
The press release is, we are very sorry to report, not terribly reassuring:
Hack Hack Hack Hack It Apart
Bets of Bitcoin is an anonymous platform that allows users to make bets on current events–everything from hockey to war with Iran to aliens–using the peer-to-peer digital currency Bitcoin. Users place Bitcoin bets on yes or no answers to statements, and the earlier you bet the more BTC you can win.
Hackers do a lot for epic lulz, including trolling a credulous public in love with stories about improbable, Mission Impossible-worthy hacks. So we are skeptical of The Daily Dot’s article about anonymous (we don’t yet know if that word should be capitalized) Pastebin posts claiming GOP presidential contender Mitt Romney’s infamously withheld tax returns have been snagged by hackers and are being held for ransom.
The authors of the Pastebin missives say Mr. Romney’s returns will be released to the public on September 28 unless the hackers are given a Bitcoin ransom equal to $1 million in U.S. dollars.
In case you think the Mission Impossible allusion is hyperbole, just read how the Romney tax return kidnappers claim they snagged the documents: