Bitcoing exchange BTC China received USD5 million in Series A investment from Lightspeed China Partners and Lightspeed Venture Partners to fund its general operations, but indicated plans to expand its business.
Tags: Bitcoin
Bitcoin - to bet or not to bet
As far as investors go, there are two sides to the Bitcoin - to bet or not to bet in the digital currency. Joe Light, in his Wall Street Journal report, provided these two sides.
Virgin Galactic now accepts Bitcoin as payment into space
A Hawaiian stewardess made history on Friday by becoming the first person in history to purchase a USD 250,000 Virgin Galactic ticket by using Bitcoin. Virgin Galactic CEO, Sir Richard Branson has announced during an interview with CNBC.
Lightspeed: Here is why we invested in BTCChina
We've been bullish about the opportunities in Bitcoin for a while and are excited to be able to announce that, together with our partners in China at Lightspeed China Partners, we are investors in BTC China.
Bitcoins to pay for university tuition fee
The University of Nicosia, a private school located in Cyprus, boasted that it is now the first university in the world wherein you can pay your tuition and other fees through Bitcoin. This also part of their publicity efforts to promote its new Master of Science Degree in Digital Currency.
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itBit is a digital currency exchange that provides the latest platform for Bitcoind trading in differing currencies such as the US Dollar, Singaporean Dollars and in Euros.
Singapore-based Bitcoin exchange startup itBit secured USD3.25 million in a new funding round to be used for the launching of its Bitcoin exchange currency and the expansion of its operations worldwide.
With the allowance of Baidu for Bitcoin, China's appetite for the virtual currency grows. Nearly a third of the world's Bitcoin transactions are done in China.
Some industry observers see the rise in Bitcoin value as a bloated valuation. In an article on TechCrunch, digital currency Bitcoin was reportedly on a comeback after a series of market value setbacks.
Circle Internet Financial's USD9 million Series A investment would be the biggest funding received by a digital currency startup.
Despite the negative press Bitcoin received due to the Silk Road black market scandal, industry observers believed that there would be a renewed investor interest in digital currency.
Payment processing company Dwolla told its customers through an email statement it would no longer accept Bitcoin currency starting the end of this month.
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.
The Federal Bureau of Investigation had shutdown Silk Road, an alleged online bitcoin marketplace used to perform illegal activities, said a Reuters report.
