Tag Archives: Bitcoin

Can bitcoin absorb hundreds of millions in institutional capital?

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“The bitcoin market is about to get slammed with more capital and more trading sophistication than it’s ever faced. Anyone who tells you they know what the impact of this inflow will be is smoking their own supply.  SecondMarket isn’t the only group bringing sophisticated investors into the bitcoin fold. Silbert’s suggestive tweet comes on the heels of Pantera Capital announcing the first close of $150 million in institutional capital for its Pantera Bitcoin fund earmarked for bitcoin trading.  In other words, bitcoin is about to go from a niche, hobbyist market to a mainstream one frequented by professionals.”

http://pando.com/2014/03/25/can-the-bitcoin-market-absorb-hundreds-of-millions-in-institutional-capital-were-about-to-find-out/

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Cryptocurrency Payment Processor GoCoin Gets $1.5m in Funding

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“GoCoin has announced it has raised $1.5m in funding in order to expand its operations as an international payments platform for cryptocurrencies.  GoCoin plans to use the funding to expand its sales and technology teams as demand for cryptocurrency payments grows.  GoCoin competes with Coinbase and BitPay in the bitcoin payment processor market.  A favorable regulatory environment in Singapore led GoCoin to incorporate its business there. And it is focused on markets outside of the US.  GoCoin started to accept litecoin back in January. It recently added support for dogecoin as well.”

http://www.coindesk.com/cryptocurrency-payment-processor-gocoin-gets-1-5m-funding/

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Agora Commodities Surpasses $10 Million in Bitcoin Sales

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“Agora Commodities was one of the earlier innovators in the Bitcoin market when they announced that they would begin accepting Bitcoin for payment for gold and silver. Since that time they have done over $10 million in Bitcoin transactions alone. In just under one year Agora Commodities has become the largest Bitcoin to Bullion dealer in the world.  Agora Commodities is the first full service Bitcoin to Bullion dealer. They offer all the most popular gold, silver, platinum, palladium, and rhodium investment grade bullion products at the lowest prices. Visit them on the web or (877) 576-7342 to find out how they can help you secure your financial future.”

http://www.digitaljournal.com/pr/1810619

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Circle Financial Receives $17m To Fund Bitcoin Exchange and Wallet

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“The bitcoin company raised the $17m from various investors, including Breyer Capital, Accel Partners and General Catalyst Partners, bringing its total funding to date to $26m. Jeremy Allaire, Circle founder, Chairman and CEO, explained the funding will allow Circle to build its team, increasing roles across product, operations, legal, compliance, security and customer support. Allaire also has plans to open offices in a number of locations outside the US.  On top of this, the funds will be used to invest in the infrastructure required to provide a secure platform for the company’s customers.”

http://www.coindesk.com/circle-receives-17m-funding-unveils-exchange-wallet-service/

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Noted value investor Bill Miller owns bitcoin

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“‘The thing about bitcoin that is so interesting is the addressable market here,’ said Miller, former chairman of Legg Mason Capital, on CNBC’s Closing Bell. ‘Gold alone has an $8 trillion market value, bitcoin has about a $7 billion market value, so if it’s only 10 percent as successful as gold you get 100 times your money.’  The noted stock picker said he started buying bitcoin personally after the Mt.Gox exchange collapsed earlier this year. ‘When that didn’t destroy, in essence, the underlying psychology of it, it looked to me like it probably had a decent base of around $500 per coin,’ he said.”

http://www.cnbc.com/id/101532377

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‘Stripe’ Lead Engineer: Bitcoin is a Long-Term Investment

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“San Francisco-based online payments provider Stripe made a game-changing announcement, revealing that it is now testing bitcoin support with online data backup service Tarsnap.  The big picture implication of the move – that online bitcoin merchants would have yet another potential processing partner to choose from – was clear. However, many questions about the specifics of exactly how Stripe – which has traditionally focused on making online credit card acceptance easier – would adapt its service remained unanswered.  Now, Stripe has provided new details.”

http://www.coindesk.com/stripe-bitcoin-engineer-bitcoin-long-term-investment/

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Twitter Nears Deal With Payments Startup Stripe

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“Twitter is close to letting its users purchase products directly through the social network and is nearing a deal with payments startup Stripe to help it accept credit card payments from its users, according to a person familiar with the deal.  The deal, which is in the final stages but not yet complete, will be the surest sign that the social network is finally serious about making it easier for brands, retailers or manufacturers to sell stuff directly on Twitter.  Stripe spokeswoman Kelly Sims declined to comment. Twitter spokesman Will Stickney declined to comment.”

http://recode.net/2014/01/16/twitter-gets-serious-about-commerce-nears-deal-with-payments-startup-stripe/

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Stefan Molyneux on Bitcoin, Internet Freedom and Liberation

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“Stefan Molyneux is interviewed by Luke Rudkowski of We Are Change on Bitcoin, Internet Freedom and Liberation at the Texas Bitcoin Conference.”

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Last month, this senator wanted to ban Bitcoin. Now, he’s not so sure

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“Sen. Joe Manchin (D-W. Va.) said recent moves by the Internal Revenue Service, private Bitcoin entrepreneurs and other government officials have buoyed his faith in the government’s ability to ‘get more of a handle’ on digital cash.  ‘Sure, it makes us look at it differently,’ said Manchin. ‘It sure will. When I said what I said, it was because it was totally unencumbered. The whole thing lent itself to a lot of improprieties — especially in the underworld, if you will, whether it be drugs or arms.’  Pointing to restrictions on Bitcoin levied by China, South Korea and Thailand, Manchin urged U.S. officials to ‘prohibit this dangerous currency from harming hardworking Americans.'”

http://www.washingtonpost.com/blogs/the-switch/wp/2014/03/26/last-month-sen-joe-manchin-wanted-to-ban-bitcoin-now-hes-not-so-sure/

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Andreas Antonopoulos on the IRS Bitcoin Tax Ruling

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“Upon hearing the news of the new IRS taxation ruling on digital currencies, we rushed to get the thoughts from cryptocurrency entrepreneur and security expert Andreas Antonopoulos at the CoinSummit.  Perianne Boring interviewed Andreas to hear his perspective on these new tax guidelines, and what they will actually mean for businesses, exchanges, miners, and consumers using bitcoin and other digital currencies.”

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