Blog Archives

Singapore’s BitX secures $800k in venture capital funding for emerging market expansion plans

Posted on 19th August, 2014

Venture capitalists and angel investors are betting big on bitcoin’s appeal in emerging-market economies, a trend only reinforced by BitX’s latest fundraising announcement. The Singapore-based bitcoin services provider revealed today that it has raised $824,000 in a seed-funding round. Investors include London-based Ariadne Capital and Palo Alto-based investor Carol Realini, as well seemingly ubiquitous bitcoin-backer […]

SecondMarket CEO says bitcoin approaching an “inflection point”

Posted on 26th June, 2014

Speaking on yesterday on Bloomberg TV’s Street Smart, SecondMarket CEO Barry Silbert claimed that the bitcoin industry is nearing a positive “inflection point” after downward-trending six months. Silbert was on the show to discuss SecondMarket’s buyers’ syndicate for the U.S. Marshal Service’s auction of nearly 30,000 BTC seized from the Silk Road, but the conversation […]

Report: Wall Street and Silicon Valley are bullish on bitcoin

Posted on 8th May, 2014

If the results of a new survey published by the Bitcoin Investment Trust (BIT) are to be believed, Wall Street and Silicon Valley investors are extremely optimistic about the future of bitcoin as both a financial tool and investment opportunity. The survey was backed by BIT’s parent company, SecondMarket, and responded to by a pool […]

Barry Silbert announces Bitcoin Investment Trust has crossed 100,000 BTC

Posted on 11th April, 2014

It’s no secret that SecondMarket’s Barry Silbert has big plans for bitcoin. As one of the first wave of investors to bring bitcoin onto Wall Street, Silbert’s Bitcoin Investment Trust (BIT) already has some major money behind their initiative. With bitcoin prices dropping nearly 20% over the last week, it should come as little surprise […]