In a statement released today by BitFury Group, the company announced that it had raised an additional $20 million from investors including DRW Venture Capital, iTech Capital, and Georgian Co-Investment Fund.
On Tuesday, the biggest Bitcoin transaction ever made was loaded on to the blockchain, the publicly viewable ledger that records every instance of the cryptocurrency changing hands.
Visa card cut all ties with the number two online classified ads website, Backpage, on July 1. American Express had previously cut ties with the service, and on Thursday Mastercard followed suit. This leaves Bitcoin, Litecoin, and Dogecoin as the on
Earlier this year Bitcoin policy think tank Coin Center claimed the role of interface to policymakers and regulators, with the publication of a framework for state digital currency regulation.
"Bitcoin Is Unsustainable," claims the title of a provocative essay by Motherboard contributor Christopher Malmo that has spurred considerable debate. Malmo's central thesis is that Bitcoin uses way too much electricity.
Over the last few months, renowned global organizations and financial establishments have proposed designs, or at least have attempted to implement Bitcoin's blockchain technology, to encrypt sensitive data or to settle transactions without the ass
A little over two decades ago, the elites of Europe met in Maastricht, the Netherlands, to realize a long-held dream. It was to create a common currency that could be used throughout Europe, and possibly, the world.
Causing Delays. Over the past 24 hours, the blockchain has been inundated with small, spam-like transactions that are large in data size, but significantly small in bitcoin value transferred.
Given the choice between a free Hershey bar and a silver bar worth $150, people on the streets of San Diego chose the chocolate bar another jaw-dropping illustration of how ignorant Americans are when it comes to precious metals
Writing on Quintessence, the financial magazine of BNP Paribas, financial securities research analyst Johann Palychata analyzes the possible impact and future implications of the blockchain for securities markets.
As the world watches nervously, Greece, under pressure from the European Central Bank, takes the serious step of imposing capital controls: Banks are closed, ATM withdrawals are limited and funds cannot be sent out of the country.
- Puerto Rico Governor says island cannot pay its $72 billion debt
- Puerto Rico debt 15 times per capita median debt of the 50 U.S. states
- Complicated arrangements misled bond investors to believe their funds were secure
- Share price of bond i
BlackRock Inc. is seeking government clearance to set up an internal program in which mutual funds that get hit with client redemptions could temporarily borrow money from sister funds that are flush with cash.
at current levelsGreek banks will not open on Monday, confirms Alexis Tsipras, who says that ECB not increasing urgent cash was an attempt to 'blackmail' Greeks
Every year major companies, organizations and even countries pay big bucks to advertise during the Super Bowl in hopes of reaching its multimillion viewers.
In one of the more exciting developments in the Bitcoin space so far this year, noted Bitcoin angel investor and entrepreneur Roger Ver has given his blessing to a Bitcoin 2.0 application, and it's one that some may have overlooked in the past. Tru
For the past couple of months, Bitcoin community has been dealing with Gavin Andresen and his proposals for increasing block size limit on the Bitcoin network. And the Bitcoin Core developer is at it again with a new proposal.
Following recent successes of the Finnish Pirate Party's Bitcoin funding in the country's 2015 election campaign, its Icelandic counterpart is now causing an even greater stir.
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