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Switzerland’s FINMA grants first Bitcoin Trader license to SBEX

On July 9, 2014 / companies, exchange, finance, politics

09 July 2014 / Leap Rate – Switzerland, the land of traditional and extremely safe banking institutions, heralded by high net worth investors worldwide as a safe haven for untold wealth, has taken a somewhat unorthodox step toward the acceptance of virtual currencies as a means of

UCLA’s John Villasenor takes you inside the world of cryptocurrencies (think bitcoin)

On July 9, 2014 / companies, exchange, finance, politics

09 July 2014 / LA Times – You can donate to a PAC, buy a Tesla or order a Domino’s pizza using bitcoin. California just repealed a ban on such cryptocurrencies, so the question is not only “Now what?” but “What?,” period. Any currency that’s not tied

BitPay execs in St. Pete this week to begin bitcoin push

On July 9, 2014 / companies, exchange, finance

09 July 2014 / Tampa Bay Business Journal – BitPay executives are in Tampa Bay this week to begin the process of getting St. Petersburg bitcoin ready. The payment processor is sponsoring the Bitcoin St. Petersburg Bowl for the next three years in an attempt to raise

Facebook Ready To Enter Digital Payments – Via Bitcoin?

On July 8, 2014 / companies, exchange, finance, politics

08 July 2014 / Seeking Alpha – Summary In April reports surfaced that Facebook was seeking approval from the Central Bank of Ireland to start a service to allow users to send/store money on its platform. Facebook recently hired PayPal President David Marcus to lead its Messaging

You Can Now Buy a Car With Bitcoin and Have It Delivered With a Bow

On July 8, 2014 / companies, exchange, finance

08 July 2014 / Recode – Add used cars to the list of products you can now buy with a currency that didn’t even exist a decade ago. Beepi, a two-month-old company that operates an online market for used-car sales, will start accepting bitcoin as a form

Bitcoin Startup Xapo Valued North of $100 Million

On July 8, 2014 / companies, exchange, finance

08 July 2014 / Wall Street Journal – Some of the biggest names in venture capital are getting behind a maker of underground bitcoin vaults, the latest bet to bolster the digital currency. Xapo said Tuesday it raised an additional $20 million in funding, doubling the amount

Why Authorities are Baffled with Virtual Currencies?

On July 7, 2014 / companies, exchange, finance, politics

07 July 2014 / ForexMinute.com – The European Banking Authority (EBA) dropped a bomb on the cryptocurrency businesses in Europe when it asked the commercial banks to avoid using Bitcoin and other cryptocurrencies, until the industry is effectively regulated. The text particularly discourages financial institutions to purchase,

Bitcoin Expert Kirsch Pushes Virtual Currency: Onsite Coverage

On July 7, 2014 / companies, exchange, finance

07 July 2014 / Credit Union Times – SAN FRANCISCO – Steve Kirsch, CEO of Cointrust, said he has made money every year on his bitcoin investment of $1 million. “I’ve wired $1 million to Slovenia. It does show up at the other end,” said Kirsch at

Why Bitcoin may re-write banking practice

On July 6, 2014 / companies, exchange, finance, politics

06 July 2014 / Business Tech – Bitcoin has grown from an experiment in digital cash to a vibrant, global economy supporting multi-million dollar companies with a market cap of $10 billion. “While the road has been bumpy, and quite a rollercoaster ride, it is still nascent

Fast food and coffee just a few bitcoins away

On July 5, 2014 / companies, exchange, finance

05 Jul 2014 / Sydney Morning Herald – From little things, bit things grow – rapidly. Melbourne-based web developer Tim Mansell acquired his first bitcoins – a form of digital currency – as an investment early last year when the price started skyrocketing. Now the novelty has

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