Southern/Alpha Features Thompson Burton PLLC as the First Law Firm in Tennessee (and one of the first nationally) to Accept Bitcoin as Payment


It seems contradictory doesn’t it? A well-known law firm in Nashville, Tennessee is the first law firm in Nashville, and among the first nationally, to accept Bitcoin in exchange for law practice. According to Kevin Thompson of Thompson Burton, accepting BTC is a practical decision for the firm and opens up new opportunities for both local […]

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IRS Labels Bitcoin as Property


This week the IRS finally gave Bitcoin a label. While Bitcoin is commonly thought of as a currency / financial instrument, the IRS has labeled Bitcoin as PROPERTY for tax purposes. Their rationale: even though Bitcoin is used as a currency, it has yet to be accepted by any country as a currency. Thus, Bitcoin […]

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Can America Federally Regulate Bitcoin


A week ago U.S. Senator Joe Manchin from West Virginia sent a letter to currency regulators such as the Treasury Department and Federal Reserve protesting the legitimacy of Bitcoin.   He encouraged them to prohibit Bitcoin like Thailand, China, and South Korea.  Some shrug this off as a political ploy of one of the Senate’s […]

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