Techmeme
March 30, 2014, 5:50 PM

Top News

Danny Bradbury / CoinDesk:
What the IRS Bitcoin Tax Guidelines Mean For You  —  The US Internal Revenue Service finally announced its guidance for virtual currencies yesterday, explicitly referring to bitcoin (see the announcement here and notice here).  The increased clarity - provided three weeks before the end of the US tax year …
Adam Levitin / Credit Slips:
Last week's IRS ruling means bitcoins are not fungible, therefore unworkable as a currency  —  Bitcoin Tax Ruling  —  The IRS has spoken: Bitcoins are property, not currency.  This was hardly a surprise, but it has some important implication that tells us a lot about what it takes to make a currency work.
Kashmir Hill / Forbes:
Entrepreneurs step up to help taxpayers track Bitcoin transactions, comply with IRS guidance  —  The Bitcoin Taxman Cometh: Calculating How Much Crypto-Investors Owe IRS Could Be Easy  —  With April 15 just weeks away, the IRS dropped its long-awaited “virtual currency guidance,” …
Threes:
Frustrated by popular fast following rip-offs like 2048, creators of Threes tout advantages of their 14-month development process  —  The Rip-offs & Making Our Original Game  —  It's been a weird and awesome couple of months.  Our expectations for our tiny game were well, fairly tiny.
Eric Mack / CNET:
HTC admits boosting One M8 benchmarks; makes it a feature  —  Some suspected the HTC One M8 of pumping up its processor for better benchmarks.  HTC's response: Of course it does.  In fact, it's now a feature.  —  If this phone wore pants, some think they would be on fire.  —  Brian Bennett/CNET
Farhad Manjoo / New York Times:
The Tech Bubble's Silver Lining: Cheap Services for Everyone  —  Box is losing money.  A lot of money.  In documents it filed for its initial public offering, the cloud-storage firm disclosed this week that it took in $124 million in 2013, but it spent $257 million.
Spiegel Online:
GCHQ and NSA Targeted Private German Companies  —  Documents show that Britain's GCHQ intelligence service infiltrated German Internet firms and America's NSA obtained a court order to spy on Germany and collected information about the chancellor in a special database.
Julie Zhuo / Medium:
Facebook designer defends scaled-back News Feed redesign, noting low-res monitors are too common for big photos  —  Whatever's Best For The People, That's What We Do  —  Earlier today, Dustin Curtis wrote a post about the recent Facebook desktop redesign.

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Earlier Picks

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