“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:
Gold Price Oscillator (Year over Year Price Change %)
Former Polish president calls for new ‘secular Ten Commandments’
Northern California counties revive an old idea for a breakaway state
Exclusive: Dozens of CIA operatives on the ground during Benghazi attack
New tax law driving expats to renounce U.S. citizenship
Berlin Wall to host exhibit on the world’s tensest borders
Peter Schiff Versus Abigail Doolittle on Gold
What telephone metadata can tell the authorities about you
China: "Vicious Circle Of Panic Selling" From Marketwide Margin Call
Copper wire stolen from Sea-Tac runway lighting system
Blackstone's James Says U.S. May Enter Recession in 2017
Meet Tian Yu: The woman who nearly killed herself making your iPad
Free banking will go, says RBS chief
Last flight for US-funded air war on drugs as Colombia counts health cost
Political Shifts in Bavaria Could Have Wide Repercussions