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…
Read moreAssets 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…
Read moreCoinLab 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…
Read moreLeverage 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…
Read moreMt Gox, which handles 80% of Bitcoin trades, sees its trade engine freeze as interest in Bitcoin soars. Well this didn't take long. Just hours after we reported that Bitcoin prices were crashing after a fast and frenzied run up from $25 to over $200 in just two months, comes word that Mt Gox --…
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