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As of May 1, 2013, there were eleven million bitcoins in circulation. In August 2013, a single bitcoin traded for $120, which amounted to $1.3 billion of untaxed digital revenue in circulation [supply: Leonard]. On March 25, 2014, the IRS introduced that it could be taxing bitcoin as property, following the same tax tips as different transactions involving property. This implies people should report the truthful market worth of earned bitcoins — and any other digital currencies — to the IRS [source: IRS].
The demise of mall-based retail brands started in 2008, when the financial downturn claimed 20 major retail bankruptcies in a single year. Since then, a number of economic, technological and trend forces have mixed to create a perfect storm – a «mall-pocalypse,» if you will – that has already sunk many as soon as-powerful manufacturers and can like claim many extra.
