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 […]

Head of Singapore’s central bank says digital currencies present risks, but also “have a role to play”

Posted on 14th August, 2014

In recent interview with trade publication, Monetary Authority of Singapore (MAS) Managing Director Ravi Menon addressed an issue that is rapidly becoming a very hot topic in the regulation world: Digital currency. As Singapore’s central bank, the MAS has a great deal of power over how any financial instrument is used in the country, […]

Are SMS-based bitcoin transactions the key for emerging markets?

Posted on 5th May, 2014

In many emerging-market countries, most average people are still too poor to afford relatively expensive items like computers and smartphones. Even if they can afford such luxury items, access to reliable internet providers can be just as elusive. In fact, the only piece of modern technology that has significant market penetration in these comparatively poor […]

Regulation Roundup: Mexico, U.K., Australia, Iran, Luxembourg, Singapore and the Philippines

Posted on 14th March, 2014

As international awareness of bitcoin grows, regulators across the globe are racing to create polices for handling the virtual currency. This week, several countries hinted at coming plans for regulation of bitcoin and related cryptocurrencies. Here are the highlights of this week’s regulation news. Mexico: Banco de México issued a warning about the risks of […]

Report: First Meta CEO’s suicide probably not Bitcoin related

Posted on 6th March, 2014

More details are emerging about the apparent suicide of First Meta CEO Autumn Radtke, casting doubt about early reports that the the 28-year-old’s death was related to a decline in Bitcoin prices following the closure of Mt.Gox. Initial reports had stated that Radtke was found dead in her Singapore apartment on February 26, but recent […]

More Bitcoin ATMs coming to London, Singapore

Posted on 17th February, 2014

Residents in London and Singapore can expect to see new Bitcoin ATMs in city cafes next month thanks to Vancouver-based “Bitcoin Store” Bitcoiniacs. The company is planning on globally expanding the model already in use at the their Waves Coffee House location, combining a small brokerage office next to a Bitcoin ATM. According to an […]