Tag Archives: Entrepreneurship

Tony Gallippi Talks Newest BitPay Innovation: Copay

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“Copay is an open-source multi-signature wallet with some highly interesting features created on BitPay’s Bitcore, an open source bitcoin stack. For starters, BitPay is using Copay as one of its platforms for a decentralized key generator it has developed. This way, Gallippi says if a company were ever compromised, the keys would not be as they wouldn’t come from that centralized place. Decentralized key generators add a whole new level of security the Bitcoin community needs to ensure investor confidence.  According to Gallippi, he researched the top 100 richest accounts in Bitcoin and found that none of them, not a single one, was secured with multi-signature technology.”

http://www.cryptocoinsnews.com/news/tony-gallippi-talks-newest-bitpay-innovation-copay/2014/07/22

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Investor under house arrest sends robot to Bitcoin convention instead

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“Investor Charlie Shrem, the co-founder and chief executive officer of BitInstant, is under house arrest at his parents’ home in Brooklyn, New York, accused of handling Bitcoins used for illegal transactions on the Silk Road website.  But he managed to circumvent the house arrest by trundling around the convention corridors on what is best described as a combination between an iPad and a Segway.  Shrem, 24, denies the charges against him and is due to stand trial in September.”

http://i100.independent.co.uk/article/investor-under-house-arrest-sends-robot-to-bitcoin-convention-instead–gy3tI3SiWg

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Overstock’s Radical Plan to Reinvent the Stock Market With Bitcoin

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“Overstock.com and its swashbuckling CEO, Patrick Byrne, are hoping to create a new kind of corporate stock based on the computer software that drives bitcoin, aiming to overhaul the stock market in much the same way that bitcoinoverhauled how we store and exchange money.  Overstock—one of the world’s largest online retailers, with $1.3 billion a year in sales—unveiled a webpage that explores how a public company could issue a ‘cryptosecurity’ to potential investors. In an echo of the bitcoin digital currency, this would be a stock that’s controlled by cryptographic algorithms running across a network of computers owned by people and companies spread across the globe.”

http://www.wired.com/2014/07/overstock-and-cryptocurrency/

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A New Digital Currency Whose Value Is Based on Your Reputation

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“Unlike with bitcoin—which keeps its currency scarce by rewarding it only to those who participate in what amounts to a race to solve complex cryptographic puzzles—anyone will be able to create a new Document Coin anytime they want. The value of each coin will be completely subjective, depending on who creates the coin and why. ‘For example, the coin my disco singer friend created and gave me at my barbeque might be what gets me past the rope at the club,’ Anderson says. A coin minted by tech pundit Tim O’Reilly might be highly prized in Silicon Valley circles, but of little interest to musicians. ‘It’s a bit like a combination of a social network with baseball trading.'”

http://www.wired.com/2014/07/document-coin/

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Mt. Gox and Ripple Founder Jed McCaleb Unveils Project ‘Stellar’

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“Stellar, the long-secret digital currency project helmed by industry entrepreneur Jed McCaleb, has officially launched.  McCaleb is the original founder of defunct Japanese bitcoin exchange Mt. Gox and a co-founder of digital currency-focused payment network Ripple Labs.  The new platform is a decentralized gateway for digital currency to fiat currency transfers. Like Ripple and bitcoin, Stellar will act as a public transaction authenticator and feature its own in-house digital currency called ‘stellar’.  The launch of Stellar cuts McCaleb’s remaining ties with the Ripple project.  In May, McCaleb announced his intention to sell his holdings of XRP, the native currency of the network.”

http://www.coindesk.com/mt-gox-ripple-founder-jed-mccaleb-unveils-project-stellar/

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Investors Are Plowing Into European Bitcoin Firms

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“Europe is now the fastest-growing region for venture capital investment in Bitcoin.  In its quarterly State of Bitcoin report, CoinDesk shows Bitcoin VC funding in Europe nearly doubled in Q2, to $30.9 million from $15.6 million in Q1. Investment in North America climbed 21% to $186.3 million. Asian funding fell 18% to $20.8 million.  Within Europe, Netherlands-based Bitfury, a mining hardware developer, captured the greatest share, raising $20 million. That funding round alone made the Netherlands the second-largest recipient of VC funds in the world.  European countries hold the top-5 positions for downloads per capita of Bitcoin’s core protocol.”

http://www.businessinsider.com/europe-bitcoin-investment-surge-2014-7

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VC Tim Draper Wins US Marshals Auction Of 30,000 Silk Road Bitcoins

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“Draper first began making headlines in the bitcoin ecosystem last June, when he announced that his Silicon Valley-based higher education facility, Draper University of Heroes, would become the first university to accept bitcoin for tuition payment.  A third-generation venture capitalist, Tim Draper’s father, William Henry Draper III, founded Draper & Johnson Investment Company in 1962. Further, William Draper’s father, William Henry Draper Jr., founded VC firm Draper, Gaither and Anderson in 1958. Today, Draper’s son, Adam Draper, is heavily involved in the bitcoin space as a VC, and was notably an early investor in California-based bitcoin financial services provider Coinbase.”

http://www.coindesk.com/tim-draper-revealed-silk-road-bitcoin-auction-winner/

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Lake Tahoe Property Sells for $1.6 Million in Bitcoins

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“The 1.4-acre acre home site has views of the Pacific Crest, a surrounding mountain range. It is located in Martis Camp, a private luxury recreational resort in Truckee, Calif. The 2,177-acre resort, near Lake Tahoe’s north shore, has a Tom Fazio golf course, a 44-seat movie theater and an ‘aerial adventure park’ with rope courses and a zip line.  Brian Hull, Martis Camp’s director of sales, said the buyer was a ‘Silicon Valley entrepreneur,’ but declined to disclose his name. He said the buyer purchased the land through a trust, and plans to build a home on the site.  BitPay, an online-merchant processor that operates similarly to PayPal or Worldpay, handled the Tahoe transaction.”

http://online.wsj.com/articles/lake-tahoe-property-sells-for-1-6-million-in-bitcoins-1407534997

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Welcome to Bitcoin Boulevard in Cleveland — No Cash Needed

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“The founders of this effort, Nikhil Chand and his wife, Rebecca, greeted us in the driveway of their vintage 1920s home. As we strolled through their neighborhood toward our dinner spot, we discussed how they had set up more than one dozen businesses on Lee Road (aka Bitcoin Boulevard) to accept bitcoin through the third-party merchant processor, BitPay.  If you are a food lover and interested in trying your hand at bitcoin-only travel, I would suggest you book a hotel with bitcoin on CheapAir and stay in Cleveland Heights. Every bite of every meal was simply amazing. What a fabulous ‘bitstop’ on our journey.”

https://www.yahoo.com/travel/welcome-to-bitcoin-boulevard-in-cleveland-no-cash-94439973607.html

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8,000 Convenience Stores in Argentina Now Sell Bitcoin

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“BitPagos has launched Ripio, a new bitcoin brokerage service that allows consumers in Argentina to buy small amounts of bitcoin at more than 8,000 convenience stores.  To achieve this goal, Ripio will integrate with TeleRecargas, a popular mobile phone service that allows consumers to prepay for cell phone plans at a network of partner convenience stores across Argentina.  Argentina and Palo Alto-based bitcoin merchant processor BitPagos raised $600,000 from prominent bitcoin angel investors earlier this year. CEO Sebastian Serrano [said] Ripio aims to target underbanked consumers as well as existing bitcoin users who want an easy way to buy bitcoins at a physical location.”

http://www.coindesk.com/bitpagos-brings-bitcoin-8000-convenience-stores-ripio/

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