VENTURE CAPITAL POST

The company launches its new calculator. It has ability to determine potential returns of investment compared to other firms. It can also give the users risk and benefits.

Overstock.com is making a strategic investment in Caribbean digital currency firm Bitt. The $4 million in Series A will be allocated to improve Bitt’s software as well as expanding its operation across other Caribbean countries.

The report released by Needham & Company, an investment bank and asset management company, showed that bitcoin has been undervalued by more than $200, nearly 58% based on the current price.

Japan is planning big for exploring 'fintech' (financial technology) segment. The world's third largest economy has decided to ease restrictions on investment in the fintech sector. After the proposed Bill is cleared by Japan's Parliament, banks can have 100 percent holding in non-finance related firms.

Many speculates why Microsoft stops accepting Bitcoin as a mode of payment for purchasing apps in its Windows Store. Users became alarmed since they can no longer add Bitcoins to their account and existing balance can no longer be refunded. A Microsoft spokesperson apologized for the incorrect information and said that it will be taken care of.

The emergence of blockchain ad network system provided by BitTeaser is changing the online advertising markets. With the blockchain-based system, any webmaster can now join the advertising sector regardless of the website’s traffic.

Bitcoin investment startup Keza announced its iOS app launch, bringing the benefits of investing to more people regardless of their location. The service make use of the universality of Bitcoin to allow people make investments in global portfolios with various options.

Messaging app Wiper has raised a total of $4.5 million seed funding from its investor Michael Choupak adding $2 million dollars. The service launced $4.99 monthly subscription fee to preview and watch thousands of original short and long, inexpensive indie films that can be compared to expensive Hollywood movies.

The timeframe to this plan is still unknown, but the central bank claims that the process has been going on since 2014. China has stated some benefits for having a digital currency in their financial system, including transparency, digital track-recording, as well as reducing transaction costs. Bitcoin, a global digital currency, gained popularity in China in 2013 but has also brought some controversies about the risks.

Mike Hearn, one of Bitcoin's developer wrote on his belief that the digital currency has undergone some irreparable damage and that the end is in sight. He explained some complaints about Bitcoin which he believes to have no plausible solution. Bitcoin, on the other hand, has gained popularity among internet users although the system has triggered some controversies.

Microsoft teams up with Brooklyn-based start-up ConsensYs and launched Tuesday a cloud-based blockchain platform that lets financial firms experiment on bitcoin in a cheap and easy manner.

Bitcoin, the most famous digital and crypto currency, has an enormous surge of value with more than 70% raise in a month. A movement that surprised every body amidst a global economic slowdown, is coming from Chinese capital outflow invested in bitcoin.

Bitcoin startup company, Abra, recently announced that it is set to launch in the United States and the Philippines after getting $12 million in Series A Round funding from investors, including the American Express and Ratan Tata, the chairman emeritus of Tata Sons.

Citibank is testing on a new digital currency Citicoin at this point, handling a run-through platform and evaluating key measures. In line with this, the premier bank is also suggesting the U.K. government to provide its own digital cash.

USAA, a San Antonio, Texas-based financial institution serving current and former members of the military, is studying the underlying technology behind the digital currency bitcoin to help make its operations more efficient, a company executive said.