214 Taxation and regulation edit See also: Legality of bitcoin by country or territory In 2012, the Cryptocurrency Legal Advocacy Group (clag) stressed the importance for taxpayers to determine whether taxes are due on a bitcoin-related transaction based on whether one has experienced a ". In early April 2013, the price per bitcoin dropped from 266 to around 50 and then rose to around 100. 17 Stefan Thomas, a Swiss coder and active community member, graphed the time stamps for each of Nakamoto's 500-plus bitcoin forum posts; the resulting chart showed a steep decline to almost no posts between the hours of.m. 48 In October 2012, BitPay reported having over 1,000 merchants accepting bitcoin under its payment processing service.
Ars Technica Peck, Morgen "First Bitcoin Lawsuit Filed In San Francisco". Bitcoin money transfer moving cash in China In a short-term, a bitcoin-based remittance providers might be better-off starting in lower-volume-higher-margins corridors that we discussed above. 195 In September 2012, Bitfloor, a bitcoin exchange, also reported being hacked, with 24,000 steam game bitcoin miner bitcoins (worth about US250,000) stolen. Edit In January 2015 Coinbase raised 75 million USD as part of a Series C funding round, smashing the previous record for a bitcoin company. The happier consumers with their existing choices and the more work required by them to adopt, the more branding and marketing efforts are required to initiate said adoption.
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