Tag: Bitcoin

May 16, 2013 BY Gerald Segal

BitPay raises $2M VC round, even as Bitcoin comes under fire

Founders Fund, run by PayPal co-founder Peter Thiel, leads venture financing round for Bitcoin PSP company BitPay. Payment Service Provider (PSP) company BitPay, which bills itself as "the world leader in Bitcoin business solutions", has announced that it has raised a further $2 million financing round led by venture capital investor Founders Fund. It sounds…

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May 16, 2013 BY Gerald Segal

US Department of Homeland Security seizes assets associated with Mt. Gox

 Assets in an unlicensed money transferring business associated with Mt. Gox seized. The US Department of Homeland Security (DHS) has frozen a mobile payments account associated with Bitcoin exchange Mt. Gox. This is part of an investigation announced on Tuesday. Dwolla is a mobile payment company based in Iowa. They have confirmed that they received a warrant…

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May 09, 2013 BY Gerald Segal

CFTC looks at regulating Bitcoin

As Bitcoin trading gains traction and more firms in the US want to offer products, regulatory bodies enter the mix. Courtesy of our friends at CFTCLaw.com..... The CFTC is now considering whether or not Bitcoin falls under its regulatory scope. Bart Chilton, Commissioner of the CFTC, was quoted in the Financial Times that Bitcoin “is for sure…

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May 07, 2013 BY Gerald Segal

The Bitcoin wars heat up as Mt. Gox is sued by CoinLab

CoinLab takes Mt. Gox to Court for $75 million as the race to lead the Bitcoin revolution heats up. In February a joint venture between leading Bitcoin exchange Mt. Gox, and CoinLab -- which bills itself as the first U.S. venture-backed Bitcoin company -- was announced. The plan was for CoinLab to take over Mt. Gox’s Bitcoin operations…

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May 02, 2013 BY Gerald Segal

PayPal and Amazon to join the Bitcoin revolution

The credibility boost Bitcoin has been looking for could be around the corner thanks to major e-tailers eBay and Amazon. In an interview with the Wall Street Journal, eBay CEO John Donahoe stated that they are exploring ways to integrate Bitcoin into the PayPal payments network -- i.e. allow people to send and accept Bitcoin payments on…

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April 29, 2013 BY Gerald Segal

Plus500 offers leveraged 'BTCUSD' Bitcoin trading

Leverage limited to 4x. Plus500 joins IG as the only 'real' online brokers offering leveraged Bitcoin trading. After we reported last week that IG Group became the first online broker to offer binary options trading on Bitcoin, now comes word that Plus500, a medium-sized UK-based Forex broker, is becoming the first Forex broker to offer…

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April 24, 2013 BY Gerald Segal

IG becomes first major brokerage to offer Bitcoin wagering

Initially only binary bets on Bitcoin will be allowed. Will more Binary Options brokerages soon follow? IG Group, the largest UK spreadbetting company, is now offering Bitcoin binary options tradiing to their clients with an expiration of 31 May -- those who go long will "win" a specified amount if Bitcoins end up higher on…

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April 18, 2013 BY Gerald Segal

Are the ‘Winklevii’ becoming the Bitcoin Hunt Brothers?

Cameron and Tyler Winklevoss have poured their Facebook fortune into Bitcoins. Reports have surfaced that Cameron and Tyler Winklevoss, better known as the Winklevoss Twins or simply as the 'Winklevii' (thanks to Homer Simpson) have come to own a whopping 1% of all the Bitcoins on the market, worth in the neighborhood of $15 million.…

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April 11, 2013 BY Gerald Segal

Bitcoin bubble bursts, Bitcoin prices crash back to earth

Bit4X on MetaTrader; Coinsetter raises $500K; but when will the Bitcoin hit the "mainstream" retail FX world? The online virtual currency Bitcoin went on a wild roller coaster ride the past 24 hours, rising to hit a value of $266 then falling to a low of $105, before settling (at the time of this writing)…

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