Tag Archives: Bitcoin

International Effort Brings Boost for Bitcoin in Vietnam

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“Despite recent negative noises from the authorities, bitcoin in Vietnam is still making gains in both in daily use and public awareness.  A multinational project involving participants from Vietnam, Germany and Israel is setting up Vietnam’s first live and registered bitcoin and litecoin exchange and payment processor, called Bitcoin Vietnam, to accept local currency.  Working as a ‘bitcoin broker’ it is cooperating with an Israeli startup called Bits of Gold. Bitcoin Vietnam will be 100% Vietnamese-owned to avoid extra red tape.  Bitcoin Vietnam will also form a technology partnership with another Israeli counterpart, Bit2C, which has operated a successful live exchange for over a year.”

http://www.coindesk.com/international-effort-boosts-bitcoin-vietnam/

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Neglected Estonian Manor House to Be Turned Into Bitcoin Center

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“One of the largest ever Bitcoin transactions took place in Estonia recently, when Finnish businessman Risto Pietilä bought the Malla manor in Lääne-Viru County. He said he plans to turn the complex into a hotel and center for enthusiasts of the virtual currency. The complex is run-down, having only seen minor conservation work in the past century, and Pietilä told Eesti Päevaleht today that he will only renovate one part of the main building, with complete renovations to be launched after Bitcoin’s value increases.  The manor was previously owned by a Finnish couple, who bought it for a million kroons (64,000 euros) at the end of the 1990s. Pietilä said he paid close to the asking price of 960,000 euros.”

http://news.err.ee/v/economy/53ba6308-7ca1-4b4a-9a52-0156165267d6

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Bitcoin ATM Placement Franchise Launched in California

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“BITCoin ATM Franchise Corporation is the first Bitcoin Company in the world to offer a unique turn-key franchise investment opportunity for business owners to earn additional income by getting involved in the lucrative Bitcoin industry with minimal effort. Franchisees will be able to enter this growing market under the guidance of a reputable company that will develop a strategy to establish an exclusive locations, based on population density, traffic patterns, market statistics, demographics and other key factors.”

http://www.marketwatch.com/story/first-bitcoin-capital-corp-otc-bitcf-secures-contract-for-bitcoin-atm-placement-in-california-2014-03-20

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Dubai: 400 fully operational Bitcoin ATMs in the next two weeks

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“The Twitter user Sergey Yusupov used the social platform to announce the arrival of about 400 Bitcoin ATMs in Dubai. According to Yusupov, the machines are already being installed, but they will only start working during the next two weeks.  Sergey’s tweet shows a warehouse full of Bitcoin ATMs that will allow people to buy digital coins with fiat currency from the beginning of April. The first machine was already deployed, according to a different tweet, and will be ready to sell BTC in a couple of weeks.  He also adds that local authorities and government are not involved in the initiative, not disclosing if any sort of licence was required to install and operate the devices.”

http://bitcoinexaminer.org/dubai-400-fully-operational-bitcoin-atm-two-weeks/

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Litecoin, Dogecoin ATMs Launching This Week in Mexico

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“Mexico is slated to get it’s first two bitcoin ATMs on the week of Monday, March 16th in Tijuana — just below the border from San Diego, California.  Operated by start-up Bitcoin42, the two-way ATMs are the first in Mexico, but also take the title of being the world’s first litecoin and dogecoin ATMs.  One of the devices will accept Mexican pesos, the other will accept U.S. Dollars.  The ATM units (which Bitcoin42 has not yet shown off) are to be positioned at the BIT Center (Business, Innovation, Technology), and 10 percent of generated profits collected using the machines will be donated non-profit associations local to Tijuana (the customer will be able to choose which organization the funds go to).”

http://newsbtc.com/2014/03/16/bitcoin-atms-support-litecoin-dogecoin-launching-week-mexico/

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BitPay Opens Offices in San Francisco and New York

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“BitPay has expanded its operations by opening offices in San Francisco and New York.  The new offices will help the company to bring in new business and offer operational support to the merchants it currently works with.  ‘BitPay is happy to announce two new office openings in San Francisco and New York City. Our San Francisco location hopes to leverage the existing tech and bitcoin communities throughout the area,’ said Stephanie Wargo, BitPay’s VP of Marketing.  BitPay now employs 31 full-time workers across the world, with 22 of these employees located at the company’s headquarters in Atlanta, six in Argentina, two in San Francisco and one in New York.”

http://www.coindesk.com/bitpay-opens-offices-san-francisco-new-york/

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Facebook Security Director, Amazon BD Director Join Coinbase

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“Ryan McGeehan has recently announced on Facebook, fittingly, that he is leaving his role at Facebook as its Director of Security Incident Response, and taking up a security-related role at Coinbase.  His job, according to his posting, will be to ‘build [Coinbase’s] security program.’  Another senior Amazon director, Todd Edebohls, is also joining the company as its new vice president of business development.  Coinbase co-founder Fred Ehrsam said the company continues to use a cold storage system with multiple distributed keys.  ‘The industry is continuing to evolve,’ he said. ‘We’re attracting very, very top talent from prior rocketships that were successful.'”

http://techcrunch.com/2014/03/19/facebook-security-director-joins-bitcoin-startup-coinbase/

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SecondMarket Seeks to Open Bitcoin Fund to Ordinary Investors

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“The Bitcoin Investment Trust buys and sells bitcoins, allowing investors to place bets on the digital currency without owning it directly. SecondMarket is seeking approval from OTC Markets and the Financial Industry Regulatory Authority, a self-regulatory body, to market the trust to investors. The New York firm is lining up investment banks that would act as market-makers, or make commitments to buy or sell shares in the fund, and is screening law firms to act as a securities expert.  If OTC Markets and Finra approve the plan, the fund’s shares could become publicly available as soon as the fourth quarter to investors with less than $1 million in assets and annual incomes below $200,000.”

http://online.wsj.com/news/articles/SB10001424052702304026304579449782511589924

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Bitcoin hedge fund launches with Silicon Valley and Wall St. support

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“Fortress has invested directly in Pantera Bitcoin Partners, the limited liability company overseeing Pantera’s Bitcoin fund. Moreover, all future purchases of Bitcoin or other crytpocurrencies by Fortress and its principals will be made via Pantera.  In addition to Fortress, Pantera has received investments from venture capital firms Benchmark and Ribbit Captial. Those three firms also recently partnered to invest $20 million into Bitcoin ‘vault’ company Xapo, which happens to hold Pantera Bitcoin Fund’s assets (Pantera also made a small co-investment on that deal, which had not been previously disclosed).”

http://finance.fortune.cnn.com/2014/03/18/bitcoin-hedge-fund/

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Bitcoin bugs invest $10m in China’s largest exchange

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“Despite China’s recent crackdown, Bitcoin has been given a new lease of life in the world’s second largest economy.  The company that claims to be China’s largest Bitcoin exchange by volume has announced a $10m Series A funding round. Venture Capital firm Ceyuan led the way and was followed by Mandra Capital, Ventures Lab and a string of other Angel investors.  This amounts to one of the largest cases of Bitcoin financing so far.  The investment in the exchange will be used to expand the team, increase security and product research.”

http://www.cityam.com/blog/1395060855/bitcoin-bugs-invest-10m-chinas-largest-exchange

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