Make Money With XtendAdvert - Alternative Google AdSense

XtendAdvert Media is an online CPM/CPC advertising network and Url shortener service that matches advertisers with publishers to intrige customers and create leads.Become a publisher with XtendAdvert Media and get paid on CPM/CPC basis for displaying ads on your site.
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XendAdvert  Network Details
Commission Type:	CPC, CPM
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Payment Frequency:	Monthly instant payment
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Join This Network : http://www.xtendadvert.com

 

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Make Money With nPlexMedia - Alternative Google AdSense

nPlexMedia  is a free service which matches advertisers with website publishers of all sizes to display relevant advertisments that intrige customers and create leads.
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nPlexMedia  Network Details
Commission Type:	CPC, CPM
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HMRC scraps VAT on virtual currency Bitcoin

The UK's tax authority has scrapped plans to charge value added tax (VAT) on Bitcoin trading.

In new guidance, HM Revenue & Customs also said it would not levy the 20% tax on the creation, or so-called 'mining', of the virtual currency.
The move comes just days after the collapse of leading Bitcoin exchange, MtGox, and with it the loss of almost $500m (£300m) in customer deposits.
HMRC said corporation and income taxes would still apply.
The global market for Bitcoins, a virtual currency created, or 'mined' through complicated computer algorithms, is worth about $7 billion (£4.2bn) at current market rates.
Countries and their tax authorities have been grappling with how to regulate it, with some seeing it as a route for tax evasion or money laundering.
Russia has declared transactions illegal, China has banned its banks from handling Bitcoin trades, and there have been calls for the US to do the same.
Currency rules Singapore has imposed a tax on Bitcoin trading and using it to pay for services, after classifying it as goods, rather than a currency.
However, HMRC's guidance issued on Monday, said VAT would not be levied, on the basis of EU rules that apply to currencies.
It said Bitcoin trading and other activities, like charges for verifying transactions, "are exempt because they fall within the definition of 'transactions, including negotiation, concerning deposit and current accounts, payments, transfers, debts, cheques and other negotiable instruments'".
Bitcoin traders and supporters had been calling for HMRC to scrap its VAT plans for the currency, arguing it would make their businesses globally uncompetitive, or even unviable.
But VAT will apply to suppliers of goods and services sold in exchange for Bitcoin, based on the sterling value of the virtual currency at the point of sale, HMRC said.
MtGox shutdown And the profits or losses of companies using Bitcoins, and on exchange movements between currencies, will be subject to corporation tax, the government agency added.

 Customers concerned about their Bitcoin holdings travelled to Japan

Last month leading Bitcoin exchange, Tokyo-based MtGox, filed for bankruptcy after losing an estimated 750,000 of its customers' Bitcoins.
It said there was a "high probability" the Bitcoins had been stolen.
The currency has been highly volatile since its inception, and particularly in the last year. The price of one Bitcoin stands at about $658, down from a peak of $1,242 in December.

Source  : BBC News

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MtGox bitcoin exchange files for bankruptcy

The MtGox bitcoin quarrel has filed for bankruptcy auspices, reports make known.

The application was made in Japan by lawyers acting upon behalf of the row and comes deserted days after MtGox went offline.

On Tuesday, the argument's boss said he was lively higher to deem a "final to our recent issues".

Before going offline, perplexing troubles meant it prevented customers transferring digital cash to supplement exchanges upon 7 February.

Details of the bankruptcy are scant but the application for auspices has been accepted by a district court in Tokyo, reported AFP. At the court hearing, the company said it had outstanding debts of just about 6.5bn yen (38m).

MtGox's lawyers are believed to have granted to apply to the court for sponsorship after US regulators filed a subpoena neighboring-door to the company.

Reports suggested the site shut with to after it discovered that an estimated 744,000 bitcoins - approximately $350m (210m) - had been stolen due to a loophole in its security.

MtGox's troubles have put pressure upon the price bitcoin owners can profit for their holdings. Currently one bitcoin is worth nearly $561 (334), a price far away lower than the high of $1,000 per coin it hit in November 2013.

Meanwhile, Vietnam has banned its banks from from handling the crypto-currency wise saying the virtual cash is not definite throb. The country's divulge bank said trading in bitcoins carried "potential risks" for users.

At the connected time, Japan's deputy finance minister said any regulation of bitcoin would have to alternating international cooperation to avoid set in motion taking place loopholes that traders could exploitation.

Source : BBC News

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Bitcoin value drops sharply after tech issues continue

Bitcoin's value has dropped sharply after one of the largest trading exchanges said there was a flaw in the virtual currency's underlying software.

MtGox said it had halted transfers to external Bitcoin addresses on Friday after detecting "unusual activity".
It said an investigation had revealed it was possible for thieves to fool the transaction process so that double the correct amount of bitcoins would be sent.
Bitcoins fell from $700 (£427) to $540.
The Tokyo-based firm said it was now working with the Bitcoin core development team to "mitigate this issue", which it said was not limited to its own Bitcoin-wallet system.
A Bitcoin wallet is the place where Bitcoin addresses - the virtual post-boxes where each bitcoin is stored - are kept.
It added that cash withdrawals and transfers of bitcoins to - rather than from - Bitcoin Wallets were unaffected.
MtGox said in a statement: "A bug in the bitcoin software makes it possible for someone to use the Bitcoin network to alter transaction details to make it seem like a sending of bitcoins to a Bitcoin wallet did not occur when in fact it did occur.
"Since the transaction appears as if it has not proceeded correctly, the bitcoins may be resent."

Gavin Andresen, chief scientist at the Bitcoin Foundation - which oversees and develops the Bitcoin software - denied the problem was its fault.

"The issues that MtGox has been experiencing are due to an unfortunate interaction between MtGox's highly customised wallet software, their customer support procedures, and an obscure (but long-known) quirk in the way transactions are identified and not due to a flaw in the Bitcoin protocol," he told the BBC.
Garrick Hileman, from the London School of Economics, who researches alternative currencies, said it was too early to tell how serious this was for Bitcoin users.
"It's a reason to be concerned, but it's a little early to say that there's something fundamentally flawed with Bitcoin software. Previous problems have been corrected," he said.
"It reflects the immaturity of the software. Bitcoin is still a technology in the process of being developed," he added.
In an apparent clampdown on the use of Bitcoin in Russia, the Russian prosecutor general's office said it was tightening up regulations surrounding the use of virtual currencies as they could be used for money laundering or financing terrorism.
It said that the rouble was the only official currency in Russia and introducing others was illegal.
"Systems for anonymous payments and cyber-currencies that have gained considerable circulation - including the most well-known, Bitcoin - are money substitutes and cannot be used by individuals or legal entities," it said in a statement to Reuters.
Improperly used The use of Bitcoin for alleged money laundering led to the arrests of two men in the US last week.
The Miami-Dade State Attorney Katherine Fernandez Rundle told Bloomberg in a statement that the "arrests may be the first state prosecutions involving the use of Bitcoins in money laundering operations."
"Bitcoins are neither good nor bad. Buying bitcoins allows money to be anonymously moved around the world with a click of a computer mouse. Improperly used, Bitcoins are often seen as a perfect means of laundering dirty money or for buying and selling illegal goods, such as drugs or stolen credit card information," she added.
Federal charges have already been brought against the operators of two exchanges for money laundering in the US.

Source : BBC News

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How Bitcoin works

Bitcoin is often referred to as a new kind of currency.
But it may be best to think of its units being virtual tokens rather than physical coins or notes.
However, like all currencies its value is determined by how much people are willing to exchange it for.
To process Bitcoin transactions, a procedure called "mining" must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution.
For each problem solved, one block of bitcoins is processed. In addition the miner is rewarded with new bitcoins.
This provides an incentive for people to provide computer processing power to solve the problems.
To compensate for the growing power of computer chips, the difficulty of the puzzles is adjusted to ensure a steady stream of about 3,600 new bitcoins a day.
There are currently about 11 million bitcoins in existence.
To receive a bitcoin a user must have a Bitcoin address - a string of 27-34 letters and numbers - which acts as a kind of virtual post-box to and from which the bitcoins are sent.
Since there is no registry of these addresses, people can use them to protect their anonymity when making a transaction.
These addresses are in turn stored in Bitcoin wallets which are used to manage savings.
They operate like privately run bank accounts - with the proviso that if the data is lost, so are the bitcoins owned.

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Oracle Buys Responsys For $1.5bn

Oracle has reached an agreement to acquire Responsys, a cloud marketing company, for $1.5bn (£945m) in cash, as Oracle continues to build up its cloud services portfolio.
The deal also continues a string of recent acquisitions involving marketing firms, including Salesforce.com’s purchase of ExactTarget earlier this year for $2.5bn, Adobe’s buyout of Neolane for $600m and Oracle’s own acquisition of Eloqua last year for $871m, as well as the purchase of Compendium in October. Microsoft has also been a player in this area, buying MarketingPilot in 2012.

Consolidation

Shares in cloud marketing firm Marketo, which went public earlier this year, rose 9 percent after the announcement of the Responsys deal on Friday as traders looked toward more consolidation in the sector. Potential buyers for Marketo could include NetSuite or SAP, according to a note to investors from FBR Capital Markets analyst Daniel Ives.
“Marketing automation is one of the hyper-growth areas within cloud,” Ives wrote, adding that “investors want Oracle to put more fuel in the growth engine”.
The Responsys deal has been approved by its board of directors, and is expected to close in the first half o 2014. It is, however, still subject to shareholder approval. Oracle’s offer of $27 per share is a premium of about 38 percent over Responsys’ Thursday closing price.
Oracle noted that with Responsys, which focuses on business-to-consumer marketing, and Eloqua, which specialises in business-to-business selling, the company is now in the rare position of being able to offer both types of marketing under one roof.
“The Oracle Marketing Cloud is now the only platform to unite enterprise-class leaders in these historically distinct marketing-automation fields,” said Oracle co-president Mark Hurd in a statement.

Cloud marketing

Responsys allows companies to run marketing campaigns across channels including email, the web and social media, as well as building customer profiles and tracking ad performance. Its customers include LinkedIn, Nordstrom, Southwest Airlines and United Healthcare.
Oracle said last week that bookings from selling cloud services had risen 25 percent in the company’s most recent quarter and wuold be one of the most important sources of growth in the coming year.

Source :  techweekerope

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