Monthly Archives: December 2013

India Uncertain About Bitcoin

Posted on 27th December, 2013

A number of Bitcoin exchanges in India, including the country’s largest trading platform, BuySellBitco, have suspended operations this week. The halt comes in response to a statement issued by the Reserve Bank of India (RBI) on Christmas Eve, warning consumers about the potential dangers associated with decentralized digital currencies.  Ajit Prasad, the RBI’s Assistant General […]

China Deals Bitcoin Another Blow

Posted on 22nd December, 2013

The price of Bitcoin is still recovering this week after BTC China, the country’s largest Bitcoin exchange, stopped accepting deposits in Chinese yuan. The drop in the currency piggybacked on the downward trend seen after the People’s Bank of China issued a partial ban on the virtual currency on December 5, prohibiting financial institutions from […]

Norway Not Sold on Bitcoin

Posted on 18th December, 2013

After last week’s decision from China’s central bank prohibited the country’s financial institutions from dealing in the currency, it would appear that Bitcoin took another hit this week with Norway announcing that the virtual currency doesn’t qualify as real money. After assessing the “right and sound way to handle this,” Hans Christian Holte, director general […]

Bright Future for Bitcoin

Posted on 17th December, 2013

In Europe’s most talked-about gathering of today’s brightest technological innovators and visionaries, last Tuesday’s ‘Le Web’ conference in Paris saw Bitcoin advocates responding to the risks and obstacles that have recently made news alongside the digital currency. Fred Wilson, a prominent tech investor and co-founder of Union Square Ventures, deemed the Bitcoin trend as one […]

Coinbase Builds $25 Million Bitcoin Momentum

Posted on 16th December, 2013

In the largest financing to date for a company focused on the Bitcoin digital currency, Coinbase has raised $25 million in a Series B funding round.  Venture capitalist firm Andreessen Horowitz took the lead, backing Coinbase with a $20 million investment. Other investors, Union Square Ventures and Ribbit Capital, added another $5 million, bringing the […]