We’re getting into the earning reporting season for the big banks, and the results are not expected to be as strong as they have been. Banks’ bottom lines have been hit by a slump in mortgage lending and trading income. Also, a Bitcoin ATM operator called Robocoin is setting up shop in Congress this week, with a demonstration of a Bitcoin ATM in the Rayburn House Office Building. And while this is clearly a publicity stunt (the ATM will only be up for three hours), it does raise some interesting questions, because the IRS considers Bitcoin an asset, not a currency.
We’re getting into the earning reporting season for the big banks, and the results are not expected to be as strong as they have been. Banks’ bottom lines have been hit by a slump in mortgage lending and trading income. Also, a Bitcoin ATM operator called Robocoin is setting up shop in Congress this week, with a demonstration of a Bitcoin ATM in the Rayburn House Office Building. And while this is clearly a publicity stunt (the ATM will only be up for three hours), it does raise some interesting questions, because the IRS considers Bitcoin an asset, not a currency.
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