[youtube id="c3WLHe3U3YI" width="620" height="360"]
Didn't get a chance to check out all the awesome news and features on CoinDesk this week? Don't panic: here are the news highlights you may have missed out on.
Price of bitcoin falls under $500: The price of bitcoin dropped below $500 amid uncertainty whether the China government would try to prohibit banks from working with digital currencies.
eBay adds 'virtual currency' category to US site: eBay's US website introduced a 'virtual currency' category where sellers can list virtual currencies, mining equipment and mining contracts. Even though eBay is still not accepting bitcoin as an official payment method, digital currencies are definitely on the Internet giant's radar.
Bitcoin community debates over IRS ruling: There has been much debate following the IRS ruling, which declared that digital currencies would be taxed as property, not currency. While some people think the ruling is unrealistic, especially for smaller transactions, others are keen to see bitcoin being treated as digital gold.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.