Tag: Blockchain

The IRS has opened the door for Israel to become the epicenter of Bitcoin and Virtual Currency Innovation

.Reading time 2 minutes.

By Michael Eisenberg This week, the US Internal Revenue Service (IRS) handed Israel a golden opportunity on a silver platter. Or, shall I say, a virtual gold opportunity. By deciding to tax Bitcoin as an asset, like gold, the US Government effectively doomed Bitcoin as a currency. As Robinson Meyer correctly writes in The Atlantic, […]

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Bitcoin: How its core technology will change the world

.Reading time 2 minutes.

One of the more advanced concepts being touted for a next-generation Bitcoin is the idea of decentralised autonomous corporations (DAC) – companies with no directors. These would follow a pre-programmed business model and are managed entirely by the block chain. In this case the block chain acts as a way for the DAC to store […]

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