Purchase of apps using Amazon coins saw a 50% weekly boost in revenues. The USD5 worth of Amazon coins was a gift well spent by Kindle Fire consumers. This in turn was an excellent money-generating move for both Amazon and app developers, according to tech evangelist Peter Heinrich.
Tags: Bitcoin
Bitcoin value sinks after FBI busts Silk Road
According to a Reuters report, the value of bitcoins had decreased following the arrest of Silk Road, an underground website allegedly selling illegal products and services.
FBI shuts down alleged Bitcoin marketplace
The Federal Bureau of Investigation had shutdown Silk Road, an alleged online bitcoin marketplace used to perform illegal activities, said a Reuters report.
Venture capitalists invest in startups related to Bitcoin
According to a Reuters report, venture capitalists showed no signs of shying away from startup investments related to Bitcoin even as authorities increased scrutiny among numerous virtual currency firms.
SecondMarket accepts bitcoin only for new investment fund
On Thursday, stock exchange SecondMarket launched the first virtual money investment fund in the United States.
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Owning Bitcoin could become illegal if governments outlawed the digital currency due to unusual risks and decentralization.
Winklevoss Twins offer IPO for Bitcoin. (Photo : Reuters)The image is the Bitcoin logo. Winklevoss Bitcoin Trust, which was designed to operate similarly to electronic exchange trading, is set to open its doors and make an initial offering of $20 million worth of shares.
BitPay Inc receives another US$2 million in seed money. Bitcoin's payment processor, BitPay Inc. , announced on Thursday that it was able to raise additional US$2 million from its initial capital growth financing round headed by the Founders Fund.
According to Bitcoin Chief Scientist Gavin Andersen, Bitcoin will still grow and these crashes are part of it.
