Monthly Archives: June 2014

REEDS Jewelers partners with Coinbase

Posted on 11th June, 2014

Another high-profile client has joined with Coinbase to accept bitcoin: Wilmington, NC,-based jewelry retailer REEDS Jewelers. The company isn’t on the same level as other high-profile national merchants like Overstock, Expedia or Dish Network, but with an estimated $109 million in annual revenue, it’s also not exactly small mom-and-pop store. REEDS will offer bitcoin buying […]

Yahoo and Google add bitcoin to their finance pages

Posted on 11th June, 2014

When mainstream traders begin to request that bitcoin price data be added to services like Yahoo! Finance and Google Finance, it’s hard to make the case that digital currencies are purely a fringe investment. As of today, bitcoin prices are now listed right alongside the major world currencies like the Euro and the Yen. Simply […]

Travel giant Expedia.com adopts bitcoin payments

Posted on 11th June, 2014

Online travel giant Expedia announced today that it will soon accept bitcoin through a partnership with Coinbase. Rumors that a “major hospitality website” was on the verge of adopting bitcoin payments have been circulating for the past few weeks. The company, which had $4.7 billion in revenue last year, joins Overstock and Dish Network as […]

Report: Isle of Man to regulate digital currencies

Posted on 10th June, 2014

Located mere miles of the coast of Scotland, the self-governing British Crown Dependency Isle of Man has long served as a haven for those wanting to escape regulatory forces of the U.K. With virtually no taxes, the country has also attracted several companies who make their profit in various forms of arbitrage, including a healthy […]

Robocoin debuts new “bank-like” bitcoin ATM

Posted on 10th June, 2014

Las Vegas-based bitcoin ATM maker Robocoin unveiled it’s next-generation machines today, the “Robocoin 2.0.” The two-way ATM features a new, more user-friendly software system and several hardware tweaks and upgrades from its previous model. The entire system has been overhauled, presenting a more bank-like experience for Robocoin “branch” customers. According to the company’s recently updated […]

Report: CoinLab drops Mt.Gox bankruptcy filing objection

Posted on 10th June, 2014

Last month, Seattle-based bitcoin services company CoinLab filed an objection to a plan that begin the rehabilitation of shuttered Tokyo-based exchange Mt.Gox. Late last week, however, CoinLab announced that it was withdrawing its objection and is now supporting the Chapter 15 bankruptcy filing. The Wall Street Journal reports that while CoinLab does not change the […]

SEC notice reveals over $96 million invested in Pantera Bitcoin Fund

Posted on 10th June, 2014

Last week, bitcoin-investment group Pantera Capital quietly filed a “Form D” notice with the U.S. Securities and Exchange Commission. Under the notice, a privately held company does hot have to register investment funds raised through certain kinds of activity, such as venture capital or angel investments. A Form D notice is a fairly common filing […]

Report: Tim Byun, formerly of FDIC, Visa and the Federal Reserve, joins BitPay

Posted on 9th June, 2014

In a move sure to please bitcoin-skeptical regulators in the U.S., Atlanta-based payment processor BitPay announced today that it has hired Tim Byun as its chief compliance officer. Byun has quite a reputation preceding him, having served as Visa’s head of Anti-Money Laundering/Anti-Terrorist Financing. In since 2009. Byun also served as an Examining Manager with […]

Banking giant Capital One advertises for data scientist with bitcoin knowledge

Posted on 9th June, 2014

Banking technology is changing at a never-before-seen pace, and it’s hardly surprising for a massive bank holding company like Capital One to advertise a position for a data scientist focused on emerging technologies. Even a company with over $286 billion in assets needs to keep on top of the trends, after all. What may be […]

Report: Is bitcoin the start of the “coming digital anarchy”?

Posted on 9th June, 2014

In a story published today by major U.K. newspaper The Telegraph, technology reporter Matthew Sparkes claims that the rapidly growing bitcoin network is more than the decentralization of money. As Sparkes sees it, blockchain technology is actually the “gateway to a coming digital anarchy.” While such views are nothing new within the fringes of the […]