Initial Coin Offerings (ICOs) – Weekly Overview
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Mt.Gox creator Jed McCaleb lost around $50,000 to the site, never met Karpeles
BybtxadmSpeaking with Ars Technica, Mt.Gox founder Jed McCaleb revealed that he personally lost around $50,000 in the Tokyo-based bitcoin exchange’s collapse. Although he sold he site to French bitcoin entrepreneur Mark Karpeles in 2011, McCaleb retained a 12% stake in the company. Unlike many Mt.Gox users, however, McCaleb’s losses were in standard fiat accounts, rather…
KnCMiner raised $14 million in new funding round
BybtxadmStockholm-based bitcoin mining hardware maker KnCMiner announced the results of a new funding round today, adding $14 million to the company’s expansion plans. The Series A round cash will be invested into new hardware designs and software development, as well as funding the company’s ongoing growth in the cloud-based mining sector. The fundraising round was…
Following FEC ruling, bitcoin-friendly Congressman Jared Polis now accepting BTC donations
BybtxadmLast week, the Federal Election Commission (FEC) published a draft version of an advisory ruling allowing in-kind donation of bitcoin to political campaigns and political action committees. Shortly after the announcement, noted bitcoin supporter Representative Jared Polis (D-CO) launched a bitcoin-donation page on his website. Bitcoin donations are likely to be seen as little more…
Report: Huobi and OKCoin discuss bitcoin's future in China
BybtxadmChina’s six-month banking crackdown on bitcoin-related businesses has resulted in huge headaches for the entire cryptocurrency community. Due to the People’s Bank of China strangling of local bitcoin exchanges’ access to the country’s banking system, there is significant doubt about the future of bitcoin in mainland China. Many smaller exchanges, such as FXBTC, have already…
Bitcoins.com domain name to be auctioned off, proceeds split with Mt.Gox creditors
BybtxadmLater this month, the Bitcoins.com domain name will go onto the auction block. U.S.-based auction house Heritage Auctions will be selling off the domain to the highest bidder at a special event called Domain Names Signature Auction on July 24 in Dallas. Owned by Mt.Gox CEO Mark Karpeles through Mt.Gox’s parent company, Tibanne K.K., the…
"Celebgate" photo leaks bring bitcoin back into the pop culture conversation
BybtxadmIt’s being called “Celebgate,” and it’s already bringing a new wave of negative attention to bitcoin. Over the weekend, a poster on infamous anonymous image-sharing message board 4Chan.org leaked hundreds of private, nude photos of several female celebrities, including Oscar-winner Jennifer Lawrence, swimsuit model Kate Upton and others. The anonymous 4Chan poster also claimed to…