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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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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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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How Singapore’s Bitcoin Scene is Punching Above its weight

Singapore is a tiny island state in Asia, a mix of the east and west, but has been making waves in the Bitcoin world. 1) It has the highest density of Bitcoin ATMs in the world There are 8 Bitcoin ATMs in Singapore from 4 different makers (2 of which are from Singapore), and they are all located around the central region. It boasts Asia's first Bitcoin ATM, as well as Asia's first Robocoin (2 way machine with cashing out). This has even led tourists from Czech republic…
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Overstock and TigerDirect passing cost savings on, Overstock themselves made almost $1mil from bitcoins in sales in first month

It looks like both Tigerdirect and Overstock are able to pass on cost savings to consumers! It sort of reminds me of the coinbase bitpay difference too, with one being a flat rate and the other as 1% Tigerdirect will be giving $20 vouchers while Overstock will give 1% points   TigerDirect Offers $20 Discount for Bitcoin Shoppers Nermin Hajdarbegovic | Published on February 20, 2014 at 15:32 GMT | Merchants The ‘PC Parts Week’ discount applies to bitcoin orders over $100. Users fitting the requirements will get…
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Seattle Seahawks Player Accepts Bitcoins, coincidentally also wins Superbowl after, Bitcoin Lucky Charm?

Virtual Lucky Charms! Seattle Seahawks star accepts Bitcoin. They win Superbowl. COINCIDENCE?!? However, there could be another explanation for the rumour. While the Seahawks might or might not be accepting Bitcoin, one of the team’s players is definitely taking cryptocurrency payments in his online store. Seattle’s cornerback Richard Sherman announced a few days ago he is now accepting digital money at  The player’s e-commerce platform mainly sells clothing and accessories for man, woman and children inspired by the Seahawks theme. Super Bowl 2014: Fans flock to streets as Seattle…
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TigerDirect processes $250,000 in Bitcoin Payments in first 17 hours: BitBoard

Going pretty well it looks, now for newegg and amazon to catch up. Note that the $250k is more than what overstock got, but there are two factors to take into account here; overstock certainly blew the publicity up and you probably have more people getting into bitcoins or recovering their harddrives, tigerdirect is like newegg in that it is mainly tech parts and electronics which are more miner-ish. It's about 300 bitcoins, for bitpay to clear. The reddit discussion: TigerDirect processes $250,000 in Bitcoin Payments in first…
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New Newegg taking Bitcoin Rumor Reddit, End Jan 31st

UPDATE: It's not Newegg, it's TigerDirect! 1 week before 31st Well, the company is still unknown, but it does look like newegg with all the signs pointing there. And their bitcoin litecoin miner mistake. Tony Gallippi, co-founder and CEO of BitPay, tells me that the mass market run won’t end with the Kings, either. “We are working with several other major brands and by the end of January we’ll have at least one more to announce,” he says. He won’t say who that is “to tip the hat…
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Coindesk: High-Profile Dutch Lawyer Welcomes Bitcoin Payments

Looks like it's more than just a few law firms in the states accepting bitcoins (and giving commentary), now a criminal defence dutch lawyer accepts it too. He uses Bitpay (the one Li Ka Shing invested in) Good news for anyone with a bitcoin wallet and trouble with the law in the Netherlands. If you are considering his services, you’ll have to make sure your wallet is fully loaded, as Plasman charges €300 (around $408) per hour. That actually does look quite a bit cheaper than the States,…
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First Ever Litecoin Payment Processor: Singapore’s GoCoin

update: added coindesk report via Litecoineer perhaps its about time for the rumored KNC scrypt miner? Singapore has the first payment processor in the world to take Litecoins!!! They are funded by Seedcoin, which organized the bitcoin conference in Singapore. It's on yahoo finance GoCoin First to Enable Merchants to Accept Litecoin on the International Alt-Currency Payment Platform It's Not Just Bitcoin Anymore GoCoin 12 hours ago SINGAPORE--(Marketwired - Jan 10, 2014) -  GoCoin, a leading digital currency payment platform, announced today its ability to accept the alternative…
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Litecoin: LLnSyo8rqbJng11b3whVUXSr6nWMtmT1zU
Bitcoin: 158MikZVM8yQviLcvxu1aahTysSxDUaePr