Coinbase raises large round, opens US licensed exchange

Making big waves Investors include the new presence of NYSE, banks, Docomo and former Citigroup CEO Coinbase, a software company that allows people to buy bitcoin and enables businesses to accept it as payment, has closed a giant $75 million investment. In real dollars. The round is by far the biggest investment in a bitcoin company to date. Beyond its size, the funding is sure to make waves in financial services thanks to the participation of three industry investors: the New York Stock Exchange, USAA Bank, and BBVA,…
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WSJ: Bitcoin one of the most powerful innovations in finance in 500 years.

2 writers at Wall Street Journal have written a book about bitcoin In the video, they talk about how it makes people reassess and rethink what money is. Bitcoin’s unidentified creator—a person or persons operating under the pseudonym of Satoshi Nakamoto —has provided a novel solution to a problem that has dogged societies for centuries: the distrust among strangers in commercial transactions with one another. In any exchange, how could someone feel secure unless there is a face-to-face handover of physical currency or some other valuable good? When…
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WSJ on Boost VC

Boost has since gone full bitcoin (Singapore too has a representative in Boost in the form of Coinhako, which has since gone on to secure personal investment from Tim Draper)   But this bitcoin boot camp was hardly a shoestring effort: Mr. Gamido and the other fledgling entrepreneurs were bankrolled in part by one of Silicon Valley’s most storied families, which has emerged as among the alternative currency’s biggest supporters. The program, called Boost, was founded by 28-year-old Adam Draper. His father, Tim Draper, is founding partner in…
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As Predicted Here, Microsoft takes Bitcoin. What’s Next

As was predicted here on Imaginary Markets over a quarter ago, Microsoft has taken bitcoin soon after acquiring minecraft. Will minecrosoft become minecoinsoft? That remains to be seen. In a quiet post that got quickly picked up around the world, Microsoft announced on the 11th of December: Now you can exchange bitcoins to buy apps, games and more for Windows, Windows Phone and Xbox Via Bitpay, "Those funds can then be used to purchase content in the Windows Store, or in stores that house Xbox Games, Xbox Music…
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Steam issues Capital Controls on Items, Apple Freezes Russia Store on Rouble Roiling

In a further move to lock down the market, Steam edicts a 1 week ban on purchases. This is likely stemming from chargeback fraud through the use of credit cards and paypal. They should really use Bitcoin like Microsoft! Note: Items purchased for Team Fortress 2 either in-game or on the Steam Community Market will not be tradable or marketable for one week after purchase. We are making this change to combat fraud and scams, and to help maintain a safe and healthy item economy within Team Fortress…
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London Mayor rides Singapore tube in FinTech Startup mission

The London mayor Boris Johnson is trying to bring interest for their Financial Technology startups from Asia, and in their Singapore stop, he raves about the train network. You can see the pictures on Today as he took the Circle Line here: This is part of his 6 day Asian trip to promote the FinTech Trade Mission. The trip comes as Asian investors’ interest in startups is picking up. Infocomm Investments, a Singapore state-funded venture-capital company, said last month it would start investing part of its $200 million…
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Bitcoin Transformations roundup: Virgin, Samsung, Yahoo

Virgin: From Richard Branson have invested in Bitcoin because I believe in its potential, the capacity it has to transform global payments is very exciting. Through making investments in the likes of Square and Blockchain, I hope to be a part of what could be a democratisation that helps to put more power and control back into the hands of the everyday citizen. Samsung: Korea Herald, which quoted Vessenes as saying “Samsung will be biggest beneficiary of the bitcoin market.” Vessenes backed up the logic behind his speculation by saying…
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