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.
Tags: Bitcoin
Bitcoin's shows signs of a bubble via record price points - report
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 to raise Series A investment to encourage mainstream use of Bitcoins
Circle Internet Financial's USD9 million Series A investment would be the biggest funding received by a digital currency startup.
Future of Bitcoin, digital currency market seen bullish in Europe, China - observers
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.
Dwolla closes its Bitcoin payment services business
Payment processing company Dwolla told its customers through an email statement it would no longer accept Bitcoin currency starting the end of this month.
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On Thursday, stock exchange SecondMarket launched the first virtual money investment fund in the United States.
Bloomberg Businessweek reported that the Bitcoin frenzy had reached China. Bloomberg Businesswee reported that the Bitcoin frenzy had gripped China. The world's second largest economy had become the second largest maker of Bitcoins worldwide, according to data compiled by SourceForge.
Bitcoin Foundation joins U.S. regulators in FinCEN-hosted discussion regarding digital currency. Financial Crimes Enforcement Network (FinCEN) director Jennifer Shasky-Calvery hosted a discussion with members of the Bitcoin Foundation.
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.
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.
