Business Insider covered MaidSafe a company out of Scotland that is looking to redo the Internet. The goal seems to build a decentralized Internet, kind of like a Bitcoin model. They want to do away with the need for servers and data centers and use the unused resources of every computer in the network. From the article: The founders of a Scottish company called MaidSafe had a wild … [Read more...]
Mt.Gox looking to sell Bitcoin Trademark, Can anyone actually use it ?
The parent company of bankrupt Mt.Gox is looking to sell the trademark and bitcoins.com to raise some funds to repay creditors of Mt. Gox. Several publications covered the story, we looked at three. The interesting part that Coin Desk covered was whether or not a trademark could actually hold up. The Telegraph reported on the story The company overseeing bankruptcy proceedings for the … [Read more...]
Bitcoin Set to Overtake Paypal
The IB Times did a piece on Bitcoin surpassing Paypal in terms of USD transactions. From the article: Popular digital currency bitcoin is expected to overtake e-commerce giant eBay's payment processor PayPal in terms of US dollar transactions in the near future. California-based hedge fund Laureate Trust says that bitcoin is fast establishing itself as the currency to use globally and … [Read more...]
Bitcoin Bigger Than Facebook ? Bitcoin Integration with Paypal ?
There have a few interesting Bitcoin related stories over the last couple days. These include, The Winklevoss Twins telling the Guardian that Bitcoin has the potential to be bigger than Facebook, talk of Paypal accepting Bitcoin as a payment option and a number of resignations at the Bitcoin Foundation. Bitcoin Bigger than Facebook William Channer did a piece on The Guardian that took a look at … [Read more...]
Circle Looks To Bring Bitcoin Mainstream
Circle is getting ready to bring Bitcoin to the mainstream according to an article out today on Tech Crunch. The company was founded by the same entrepreneur that founded Bright Cove, the online video service. From the article: Circle, the bitcoin-based financial services company, is emerging from stealth with a suite of products and services aimed to take bitcoin’s blockchain to mainstream … [Read more...]
BitPay Raises $30 Million in Largest Financing Round for a BitCoin Company
CoinDesk reported that BitPay completed a $30 million financing round, this is the largest ever financing round for a bitcoin related company. The round was led by Index Ventures, and included Yahoo founder Jerry Yang’s AME Cloud Ventures, Felicis Ventures, PayPal founder Peter Thiel’s Founders Fund, Horizons Ventures, RRE Ventures, Virgin Galactic’s Sir Richard Branson and TTV Capital. As … [Read more...]
China Censoring The Conversation Around Global Bitcoin Summit
Back in December the central bank of China put a stop to all Bitcoin transactions. This caused certain exchanges to shut down and created a stir among many crypto currency enthusiasts in the country. The IB Times is now reporting that China has told the media they cannot write about a Global Bitcoin summit that is coming up in Beijing. From the article: The Chinese authorities have ordered … [Read more...]