Investors see in Bitcoin the potential to provide a payment technology that could undermine the dominance of Visa Inc, Western Union or Citigroup Inc in the industry, Bloomberg reported.
Tags: Bitcoin
OAO Sberbank Chief Gref voices support for Bitcoin
Herman Gref, the Chief Executive of state-run Russian bank OAO Sberbank, has called on the Kremlin to prevent restrictions to the Bitcoin as lawmakers consider curbs, Bloomberg reported.
US financial leaders caution Bitcoin could be used to fund illegal activities
US Treasury Secretary Jack Lew and JPMorgan Chairman & Chief Executive Officer Jamie Dimon cautioned on the dangers of using the Bitcoin and predicted that regulation would most likely end it, the Financial Times reported.
US Bitcoin investment fund CoinSeed invests $5M in BitFury mining hardware
After recently closing a $7.5-million funding round, US-based Bitcoin focused investment fund CoinSeed acquired BitFury's specialized Bitcoin mining hardware for $5 million to build one of the biggest cryptocurrency mining infrastructures in the world.
IT training school in India offers students course on Bitcoin
India-based IT training school Koenig Solutions has offered a four-day program to teach students everything there is to know about the digital currency Bitcoin, ZDNet reported.
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The UK website of e-commerce giant eBay will soon allow the sale of Bitcoins and other digital currencies under the Virtual Currency category, CNET reported.
South Korea-based Bitcoin startup Korbit raised $400,000 in funding from several Silicon Valley investors including Tim Draper, Naval Ravikant, David Lee, and Barry Silbert, for the company's growth.
The Bank of Finland said that digital currencies like the Bitcoin cannot be considered an official currency but is more comparable to a commodity, Bloomberg reported.
Professional basketball team Sacramento Kings is the first team in the US to accept the Bitcoin, highlighting its fascination with the digital currency, The Sacramento Bee reported.
Paying online purchases with Bitcoin is not something new but paying taxes using the digital currency is and SnapCard is the startup that makes that possible, according to Forbes Contributor Ben Kepes.
The mining pool GHash.io run by a secretive company known as CEX.io which has links to Ukraine nearly controls 45% of Bitcoin network's processing power, according to a report by Bloomberg View contributor Leonid Bershidsky.
The value of the Bitcoin has soared in recent months, but can the technology also help make predictions? A research team from a venture capital firm lists top 10 predictions for the digital currency in 2014.
While other governments have not provided regulations about the digital currency, Singapore has issued regulations about how merchants can manage Bitcoin taxation and related transactions.
Utah-based online retailer Overstock.com struck a partnership with California-based bitcoin wallet Coinbase in a deal that made it the biggest online seller to embrace bitcoins as payment.
