28 Dec 2014

Legality of bitcoin in the US, UK and France

Bitcoin, the popular crypto currency is of significance to many law-enforcement agencies and governments, mostly because the legal term of Bitcoin and other crypto currencies has not yet evolved to its final form. It may also be because that Bitcoin is an anonymous currency; people will not be able to track payments unless they are very proficient at hacking, at which, unfortunately, most of the world are not good at.

Zach Copley/ flickr

In other words, Bitcoin could be used for paying terrorists, money laundering, black market deals and many more wrongdoings in that point of outlook. So it is very interesting to see the legal issues and interpretations concerned with or of Bitcoin and other crypto currencies.
Cheap codes for your websiteFirst of all, Bitcoin has already been used in illicit activities and there is a 90% chance that it is still being used in those kinds of activities while you are reading this article. Also, since the users if Bitcoin are spread out throughout the world, there is also the chance that, if you find a criminal who uses Bitcoin, he is perhaps in a country where he cannot be persecuted for his activities.
In many countries, the definition of Bitcoin is still very much unclear, and this has prompted the rise of many black markets, some of which were fortunately shut down. Silk Road, one of these sites, traded many illegal goods, including drugs, with the use of only Bitcoin, which allowed both the dealer as well as the buyer to remain untraceable. Recently, however, Silk Road was shut down, and a huge amount was to be auctioned off.
But can the use of Bitcoin be controlled? Yes, but the way they are will vary from country to country. Here some info about a few powerful countries and their steps in the directions of regulating Bitcoin.

The United States of America

 Since the United States has a multitude of states with each of them having their own legislation, the Bitcoin regulations is different for each state. Some states like New York are quite active in pursuing these policies but others like South Carolina and Montana are not much into the regulating business. California is now planning to


Overall, France has a very positive atmosphere concerning the subject of Bitcoin. There were Senate hearings in the starting of this year (2014), and they were focused mainly on the possibilities and opportunities which could be harnessed due to the development of cryptocurrencies and how the current laws could be used to catch the offenders. The Ministry decided that Bitcoin becoming illegal was not an option, and that they needed to make decisions. In April 2014, the decision was made that revenues earned in Bitcoin will be subject to taxes.

United Kingdom

In March 2014, the UK ministry decided that VAT (Value Added Tax) will be applicable to Bitcoin transactions, although it will not officially be treated as a currency. More recently, the Chancellor announced a program which will explore the potential impact of Bitcoin in the economy. In December 2014, Steve Baker brought back the topic of money recreation after a gap of more than a century to the parliament. He insisted that UK does not create more laws to regulate Bitcoin, but instead use the existing laws to do so.

In conclusion, you can say that the world has just received a gift, but is unsure of its uses and is checking it out. We can say that within a few more years, we will have a clear definition of the use of Bitcoin, and that the world will be ready to start using the gift in the right manner.

23 Dec 2014

IFTTT- automate the internet for you!

Have you ever wanted to make something on the internet automated, free of cost? If its a yes, I have got something exactly what you need- IFTTT

Wondering what that is?  Well IFTTT stands for if this then that, basically it works on the principles of triggers and actions to be carried out. Also, this nifty tool will help you in managing your social media accounts also!

Here at Techist.net, we use IFTTT to automate our facebook and twitter posts and it works 
like a breeze. Why do we do this? Well, we don't want to waste our time of social media and focus on other things such as creating info graphics, researching, keyword research etc. Moreover, this saves a lot of time and what really matters is the content which should be top notch. You can update your followers/fans about new posts on your blog, submit content to reddit automatically, and much more, in fact this is just a small portion of all the features IFTTT has. For some, this might not be great, but Im sure that for a majority of the people out there, this service is really going to be helpful. 

The company raised $7 million in series A funding in late 2012 and further raised $30 million in series B funding in august 2014. This has provided the company a perfect launch pad for pretty much everything ranging from hiring to new upgrades. The best part about IFTTT s that they're a free service! Thats right folks, completely free but it has been a routine process for me to research how they plan to monetize this amazing service and if you are interested in this, please stay updated and visit Techist.net regularly, because I'm surely going to whip up a post in the coming few days regarding how IFTTT can be monetized because this service is surely bound to get more and more poupular in the near future.

To start using different services, you first need to activate channels, which are varied accounts such as facebook, twitter, reddit, digg, delicious etc. Once you've activated them, you can create a receipe in which you

  • create a trigger, for example, lets take the blogger account. You choose the option that says whenever theres a new post which acts as a trigger for the action to be performed.

  • Next, you create an "Action channel" which is the automated stuff whenever a trigger is created. For example, you want to automate your facebook posting on your wordpress blog or blogger blog, you create a trigger which is really easy by choosing your CMS service and then you need to customize the trigger. Then you will need to create an action, and choose facebook pages for that, and then you can further customize the action which can be the text content snippet etc.

Overall, all I can say is that IFTTT is a really promising service and I am really curious to know how they might monetize their service. IFTTT is a perfect blend of simplicity coupled with a capability to perform the required task and in the current era, thats exactly what is required.


20 Dec 2014

Cicle Bitcoin exchange's new app

This is the era of a new, of a more flat design concept. Apple introduced it in iOS 7, Android was more slower, taking its time, until they came up with the concept of Material Design, a design concept with elements behaving like those in the real world. Also, material design introduces a very flat UI for the user.
Now, having these very beautiful design concepts, you do need an app for all the fields which provides you this beauty. In terms of crypto currency, and more specifically, Bitcoin, there will be a lot of users wishing for a wallet that offers aesthetics as well as functions. Circle, a finance company which operates in Bitcoin, has released a mobile wallet app which seemingly satisfies the users. Its simplicity and security have been the factors which have made it very popular.
Also, like any other app, this one too has a few extra tricks up its sleeves. The app allows you to send payment requests via email, and if the recipient is a circle user, he can just click a link to pay. Alternatively, if he is not a circle user, he can choose to either make a circle account or to forward it using a Bitcoin address. Also, if you are a Apple user and you have a device with Touch-ID, then you can confirm transactions with your fingerprint.
In conclusion, Circle is one of the first Bitcoin Wallet apps to carry Material Design and in addition, it is free as well, with some nifty features added on to it. So, our recommendation is, download it since you will not get a better package of design and functionality anywhere else.