Li Ka Shing ramps up Bitcoin Investment despite China: SCMP

(Remember Branson?) Asia’s richest man Li Ka-shing has boosted his investment in bitcoin, in a vote of confidence for the beleaguered digital currency, amid a crackdown on its widespread popularity in China. Despite the price of a bitcoin tumbling from political pressure, the billionaire tycoon has poured an undisclosed amount of money, believed to be worth millions of dollars, into Bitpay, the bitcoin equivalent to PayPal, through his venture capital investment company Horizons Ventures. Bitpay has raised US$30 million (HK$233 million) in Series A funding (convertible into common…
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Japan Bitcoin Update

Japan is undergoing some changes to bitcoin treatment It seems that their focus is more on AML and Drugs, and seems to be okay with bitcoins as itself Japan's government will redesignate bitcoin as a form of "value-added electronic record" similar to credit card transactions, as part of a series of measures to monitor illegal deals made using the digital currency. Kyodo News International, citing government and ruling party officials, reported that Japan is planning to crack down on illicit bitcoin trades amid fears that crime organisations have…
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Forbes: 5 things to learn from Bitcoin, Innovation

A writer on Forbes on bitcoin and innovation: 4. Self-publishing an innovative paper on the Internet can have enormous impact. In the university environment, where I work, the assumption is often that the only worthy papers are those that have been through a peer review process, even when that means years of delay. In some fields—for example, medicine—peer review remains essential to protecting the public. But in many areas of technology, the delays involved in traditional academic publishing don’t confer any public safety benefit, and they often mean…
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Richard Branson on Bitpay

Remember Bitpay's 160 million valuation in its $30m funding round that Branson was on? He has a statement on it In a statement this morning, Branson said the following about his Bitpay stake, the amount of which was not disclosed: Banking as we know it is in the midst of enormous change and innovation. We have jumped in by investing in alternative payment models and also by accepting bitcoin for tickets on Virgin Galactic, the world’s first commercial spaceline. Bitpay has proven itself to process bitcoin safely and…
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CNN Fortune Bitcoin Digital Tip Jar Microtransactions reborn

danielravennest 4 points 2 months ago I've said it before, but I think the potential for micro-transactions is grossly underestimated. I have actual experience that backs this up. The Second Life virtual world has had a frictionless, convertible currency since the early 2000's. The Linden Dollar converts at 257L$/USD, so about US cents is the minimum transaction. I and thousands of other people make and sell digital content, and do other things in that world, for mostly small amounts per transaction. There is no user-to-user transaction fee, because…
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Idealogical battles over bitcoin

Some of the ones trending are the MIT giveaway, the edu acc giveaway, etfs and dark wallets Wired has a lookback at two main players today, blockchain and coinbase, as well as the idealogical divide He wasn’t the only one thinking about bitcoin’s broader potential. On a discussion forum about the currency, Armstrong met Ben Reeves, a British programmer who ran a bitcoin transaction-tracking website called Blockchain. Reeves understood the technology and was well respected within its tight-knit community of enthusiasts. He had been using bitcoin for a…
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China continues Bitcoin Blackout?

Unclear as to veracity Minitrue: Gao Yu, Dispute with Vietnam, Bitcoin The following censorship instructions, issued to the media by government authorities, have been leaked and distributed online. The name of the issuing body has been omitted to protect the source. (5) The Global Bitcoin Summit 2014 will be held on May 10-11 in Beijing. All websites are asked not to participate in or report on the summit. Do not hype bitcoins. All reporting on bitcoins must henceforth accord with the specifications of financial regulatory agencies. Please carry out the above…
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Bitpay to raise $30 million at $160 million valuation, Index Ventures, Richard Branson and Yahoo cofounder Jerry Yang in

Well the numbers are getting bigger. (remember, bitpay is the one with li ka shing) Wonder when will bitpay take doge We’re hearing that BitPay, a platform that processes payments in bitcoin for merchants, is raising the field’s biggest round yet. The company is raising $30 million on a roughly $160 million valuation in a round led by Index Ventures, with Richard Branson and Yahoo co-founder Jerry Yang participating. BitPay declined to comment. It’s yet another sign that the bitcoin ecosystem is maturing with big chunks of funding…
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Robocoin aims for Robobank, may stir hornets nest of Robocops

Robocoin, likely the world's largest manufacturer and deployed 2 way bitcoin atm, is ready to take another stab at becoming a bank; Robocoin Bank. Las Vegas-based bitcoin ATM manufacturer Robocoin announced Thursday that they’re taking their business in a whole new direction with the introduction of the Robocoin Bank – effectively becoming the world’s first bitcoin bank. Since the company operates an army of bitcoin ATMs around the world, existing kiosks (the latest of which launches today in Seattle, Washington) will become Robocoin Bank local branches, which will be integrated with the company’s online banking…
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Facebook and Goldman Sachs alum starts bitcoin startup in face of China

;cid=1102 a bitcoin website called Bihang was launched, which has led people to question who would launch a bitcoin site in this kind of climate.   The site was launched by co-founders Jiang Changhao and Wang Hao. Jiang is a former research scientist at Facebook, while Wang used to work at Goldman Sachs.   Unlike other bitcoin start-ups, Jiang and Wang are not bitcoin speculators, and they only own a few bitcoins themselves.   "If one can carry out peer-to-peer transactions without relying on the support of centralized…
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