Archive for the finance Category

3 Facinating Facts About Bitcoin You Need To Know

3 Facinating Facts About Bitcoin You Need To Know

13 Dec 2013 / INC – Right now, everything about Bitcoin is news: Bitcoin millionaires. Bitcoin-funded drug kingpins. Bitcoin ATMs. This week the news focused on a San Francisco man who is opening a Bitcoin pawn shop, and another California man who launched a site advertising jobs that pay in

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European Union Warns on Bitcoin

European Union Warns on Bitcoin

13 Dec 2013 / NYT – LONDON – The European Union on Friday added to a string of recent warnings about the safety of using and investing in Bitcoin, the virtual currency that is not issued by any government. The union’s banking authority said consumers needed to

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BitGive Foundation – Raises $4,850 for Save the Children

BitGive Foundation – Raises $4,850 for Save the Children

13 Dec 2013 / Business Wire – SACRAMENTO, Calif.–(BUSINESS WIRE)–The BitGive Foundation, the charitable giving organization of the Bitcoin community, provided its first donation yesterday to Save the Children for their Typhoon Haiyan Children’s Relief Fund. The Foundation raised $4,850, exclusively from the Bitcoin community, as part

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Bitcoin goes big: Wall Street, Silicon Valley aboard

Bitcoin goes big: Wall Street, Silicon Valley aboard

12 Dec 2013 / CNBC – Scoff if you like but bitcoin, despite its myriad defects and detractors, is getting an increasing level of focus in high finance. Just a few recent examples: Reports surfaced this week that JPMorgan Chase has been pursuing the development of a

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Bitcoin Believers See a Role for Wall Street

Bitcoin Believers See a Role for Wall Street

12 Dec 2013 / NYT – A venture capitalist, a former regulator, a lawyer and a pair of entrepreneurs — Bitcoin evangelists all — gathered on Tuesday in the private dining room of an upscale Manhattan restaurant to discuss their vision of a world in which the

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Bitcoin: Super currency or super fad?

Bitcoin: Super currency or super fad?

12 Dec 2013 / Detroit Free Press – LAS VEGAS – Entrepreneurs flush with newly valuable Bitcoins are creating new products designed to simplify the technology and spread Bitcoin mania into the modern American mall. More than 600 Bitcoin aficionados gathered Tuesday in a conference center here

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Bitcoin fund raises RM209 million after first two months, founder says

Bitcoin fund raises RM209 million after first two months, founder says

12 Dec 2013 / Malaysian Insider – A fund established to offer investors exposure to Bitcoin is holding around $65 million (RM209 million) in the digital currency after two months in operation, its creator, SecondMarket Chief Executive Officer Barry Silbert, said yesterday. Silbert told a group of

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Venture Capital Bets Big on Bitcoin

Venture Capital Bets Big on Bitcoin

12 Dec 2013 / NYT – Silicon Valley’s bets on the digital currency Bitcoin keep getting bigger. A San Francisco company, Coinbase, announced on Thursday that it had raised $25 million from some prominent venture capitalists in the largest-ever fund-raising round for a Bitcoin company. Since its

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Bitcoin greeted in Las Vegas

Bitcoin greeted in Las Vegas

11 Dec 2013 / Examiner – Where else but in Las Vegas is it fitting for Bitcoin to be debated? Hundreds, mostly, male, took notes feverishly on mining and investment process of Bitcoin, the controversial digital currency. They are attending this week the conference; Inside Bitcoins: The

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Will Bitcoin Undermine the U.S. Dollar?

Will Bitcoin Undermine the U.S. Dollar?

11 Dec 2013 / Barrons – Bitcoin, the digital currency launched in early 2009, is being accepted by an increasing number of vendors worldwide, from car dealerships and online travel-planning firms to wine merchants and charities. Even though its value has swung wildly in recent days, each

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