March 30, 2014, 4:25 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,” …
Ina Fried / Re/code:
Longtime Windows and Office Executive Antoine Leblond Leaving Microsoft  —  Antoine Leblond, one of several Windows unit executives sidelined in a reorganization last year, is leaving Microsoft.  —  Leblond, who spent nearly 25 years at Microsoft, will leave the company after Monday — his 9,000th day at the company.
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.
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.
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.
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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