Tag Archives: Entrepreneurship

Marijuana Sector Update – March 24th, 2014

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“GreenGro Technologies (GRNH) announced the private placement of $875,000 to fund pipeline growth including its Vertical Hydrogarden stores and a greenhouse project. Shares of the small $68 million firm were down marginally by 1.7% over the week.  GrowLife Inc (PHOT) and Vape Holdings (VAPE) announced a joint venture to fund research and development of technology for pharmaceutical grade extractions. Vape Holdings is expected to provide process technology and concentrate formulas while GrowLife will supply equipment manufacturing. The two companies have yet to negotiate the terms of the agreement, expected to be executed on or before April 20, 2014.”

http://www.thedailybell.com/market-commentary/35146/Marijuana-Sector-Update–March-24th-2014/

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‘My business accepts Bitcoins’

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“The five-year-old digital currency is increasingly being adopted by brick-and mortar businesses, including dentists, pet boutiques — even a small honey business in Utah.  In 2012, about 1,000 businesses used BitPay, the largest processor of Bitcoin payments. Today, more than 26,000 businesses worldwide use BitPay, said Tony Gallippi, its cofounder and CEO.  The majority of those firms are small businesses — about half are in the U.S. and the rest are international. And while a majority are online sellers, Gallippi said 20% are merchants with storefronts. The shops range from bakeries and wine stores to car dealers and mattress sellers.”

http://money.cnn.com/2014/03/17/smallbusiness/bitcoin-bitpay/

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Hanoi, Vietnam night streets and market

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“Strolling through the Old Quarter of Hanoi, Vietnam, in the evening is a pure delight, especially after a light rain has wet the streets to provide a glistening reflection of the lights from the many restaurants, shops and bars open late. We visit the weekend Night Market, and consider how the economy of Vietnam is doing relatively well.”

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Nigeria’s Moment

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“Everywhere in Nigeria I saw enterprise. People sit for hours under primitive lean-tos by the highway to sell drinks and food to travelers. Open-air markets, which seem to occur every couple miles, are bustling, with people dashing hither-and-yon selling most everything you can find in a department store or supermarket.  Citizens of this former British colony typically speak English, the global commercial language. I visited a university filled with bright and engaging students hoping to make better lives for themselves and their country. What is desperately needed, said one business executive, is an ‘enabling environment’ for enterprise.  In this the government fails miserably.”

http://www.fee.org/the_freeman/detail/nigerias-moment

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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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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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Startup of the Week: CurrencyTransfer

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“CurrencyTransfer is a business foreign exchange price comparison marketplace. International business payments can be expensive and opaque, with hidden markups of up to five percent of the value of transfers. CurrencyTransfer aims to bring transparency and impartiality to the market, by getting currency specialists to lifestream their tradable rates — which are usually decided ‘manually’ over the phone depending on the client — in a transparent market.  It was set up by computer scientist Stevan Litobac, who was born in Sarajevo but fled to the UK when the Bosnian war started, and Israeli-Brit Daniel Abrahams.”

http://www.wired.co.uk/news/archive/2014-03/21/startup-of-the-week-currency-transfer

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