“Recently armed with $500,000 in seed funding and a partnership with Silicon Valley Bank, Coinlab, a startup based out of Seattle, is bringing its innovative Bitcoin project closer to the U.S. market. The deal brings over the North America-based book of Mt. Gox, one of the largest and most widely used bitcoin to currency exchanges. According to Coinlab CEO, Peter Vessenes, the book is worth nearly $500 million in annualized trade volumes, which he expects to grow nearly ten times over the next year. Silicon Valley Bank, a company that provides financial services to emerging growth companies, will be holding deposits of bitcoin and dollars for Coinlab.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Medical research on animals often biased, scientists warn
Breakthrough study claims cannabis could be used to help treat depression
Allentown PA Subway Accepts Digital Currency Bitcoin
Malawi man charged with ‘breaching the peace’ for calling president ‘stupid’
Tech company finds mysterious fake cell towers in DC area
Phone Records of AP Journalists Seized by U.S. Government
Siskel & Ebert Review of Enemy of the State (1998)
Police firing GPS tracking 'bullets' at cars during chases
Geithner urges governments to fuel growth
Banking group sceptical about bitcoin's future; it's 'inherently fragile'
‘Wall St.’ flees NY for tax-free Florida
Iraq's exiled vice president sentenced to death as violence grows
Inside ‘Liberland,’ the Place of No Taxes Where Crowdfunding Rules
Charge three officers in squad car asphyxiation death of suspect, jury recommends
NSA, Homeland Security issue ‘cease and desist’ to novelty store owner