bitcoin

After less than a year and a handful of transactions, the website that was allowing Ohioans to pay taxes in bitcoin has been shut down by state treasurer Robert Sprague.

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Professional and collegiate sports teams have begun to experiment with cryptocurrency. Some have tried it and backed away, while others have strict limits. Some even allow ticket purchases with it.

Ohio’s Bitcoin Tax Experiment Has Few Takers

Apr 15, 2019

Try making a list of the things that the cryptocurrency known as Bitcoin can be used for, and a few uses may spring to mind: some merchants accept it as payment, some investors trade it and, sometimes, Bitcoin is even used as the preferred form of ransom for cyber-criminals.

Ohio is now the first in the country to allow payments in the digital currency bitcoin from businesses paying 23 kinds of taxes – from commercial activity taxes to gas and cigarette taxes to sales taxes to employee withholding taxes.

Courtesy Stephan Burke

Using only bitcoin, 20 homes have been sold worldwide, and that number looks to get bigger. In fact, the Miami, Fla., real estate agent that brokered two of those deals, Stephan Burke, says cryptocurrency will make up 25-30 percent of real estate sales in five years.

Ann Thompson / WVXU

Bitcoin enthusiasts took what could be the first step Tuesday toward teaching some Tri-state residents about cryptocurrency. CPROP co-founder Adam Koehler and organizer of the "Day for Crypto Conference" hopes this helps position the area as an expert in this technology.

Brother, Can You Spare a Bitcoin?

Mar 12, 2014

  Since the electronic virtual currency Bitcoin began circulating in 2009, it has garnered strong support, as well as serious concern, world-wide. Proponents of the crypto-currency point to its transparency and ease of use, while critics claim it is no more than a commodities bubble.