THELOGICALINDIAN - COINBASE INVESTMENT
Coinbase appear the achievement of a $75MM Series C round this week, at an almost appraisal of $400MM. This is the better allotment annular of any bitcoin aggregation to date, and puts the bulk of VC money invested into the bitcoin ecosystem for 2015 at 25% of 2014’s absolute already (around $300MM aftermost year).
Video: CEO Brian Armstrong talks about the allotment round on CNBC
More absorbing than the bulk of money raised, however, is the account of investors who alternate in this round. The NYSE, BBVA, and USAA coffer all chipped in, forth with above Citigroup CEO Vikram Pandit, and above Thompson Reuters CEO Thomas Glocer. Also accommodating was the basic arm of DoCoMo, Japan’s better adaptable telco. Pando Daily
The NYSE tweeted: “We will assignment with @coinbase to accompany added accuracy to bitcoin pricing.” With the NASDAQ adjustment itself with the Winklevoss ETF and reportedly alive on some blockchain-based projects of their own, it seems like Wall Street is absolutely starting to balmy up to the abstraction of agenda currency.
Check this folio tomorrow: Coinbase Lunar. It’s either gonna be absolutely alarming or a absolutely big letdown.
NEW STUFF
Decentralized bitcoin crowdfunding software Lighthouse finally launched this week. I’ve been arena about with it, it seems appealing slick. Already the software is actuality acclimated to armamentarium added development of the bitcoin protocol. Bitcoin aboriginal adopter Olivier Janssens has pledged to accord $50,000 to new projects on the platform.
You can download Lighthouse here.
The Winklevii plan to barrage a absolutely regulated, absolutely compliant, US-based bitcoin exchange, called Gemini (y’know, because twins). NYT Dealbook
You can assurance up to be notified back an beforehand adaptation goes alive on the Gemini website.
READS
“No agenda bill will anon dislodge the dollar, but bitcoin is abundant added than a currency. It is a radically new, decentralized arrangement for managing the way societies barter value. It is, absolutely simply, one of the best able innovations in accounts in 500 years.” WSJ Saturday Essay: The Revolutionary Power of Agenda Currency
Gavin Andresen did a Q&A with Fortune Magazine.
Andresen additionally published the results of his tests with a 20MB blocksize (that’s 20x beyond than the accepted cap). His conclusion: Bitcoin will calmly calibration up and be able to handle abounding tens of bags of affairs per additional in the not too abroad future.
CHECK THIS OUT
Bitwage announces international amount for the individual. And Hong Kong-based Bitspark now supports remittances to Indonesia, as able-bodied as the Philippines.
Braintree, in affiliation with Coinbase, opened up its clandestine beta to any US-based merchant application the account who would like to alpha accepting bitcoin. C’mon, Uber!
Ingenico Group, one of the world’s better manufacturers of PoS terminals, has partnered with Paymium to add bitcoin capabilities to their point-of-sale systems throughout Europe.
Jeff Garzik has a plan to put bitcoins in space (or rather, accomplish a airy arrangement of micro-satellites to sustain the bitcoin arrangement alike in areas with poor internet advantage or censorship).
MO’ FIAT, MO’ PROBLEMS
A different activity spun out of a “shower thought” on Reddit, accumulation crowdfunding with a decentralized lottery, was massively batty by issues with PayPal this week. A attending at the millionairemakers subreddit shows bags of bodies accusatory about PayPal, while others accurate how abundant easier it was to use bitcoin to accord with.
The European Central Bank announced quantitative easing to the tune of $50bn anew printed Euros anniversary month.
Meanwhile, the Euro continues to abatement in value, aerobatics to a nine-year low this week.
You apparently heard about Bitstamp accident $5 actor dollars aftermost week. Meanwhile, the Corporate Commercial Bank (KTB) in Bulgaria somehow absent two billion euros.
Image source: http://wallbasehd.com/
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