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SecondMarket CEO says bitcoin approaching an "inflection point"
BybtxadmSpeaking on yesterday on Bloomberg TV’s Street Smart, SecondMarket CEO Barry Silbert claimed that the bitcoin industry is nearing a positive “inflection point” after downward-trending six months. Silbert was on the show to discuss SecondMarket’s buyers’ syndicate for the U.S. Marshal Service’s auction of nearly 30,000 BTC seized from the Silk Road, but the conversation…
Report: Goldman Sachs weighs in on Bitcoin
BybtxadmInvestment banking giant Goldman Sachs has made an initial assessment of Bitcoin, deeming it “a bit dangerous” as a commercial offering. In a report leaked to TechCrunch, the bank claims that “it has become hard to separate the effect of hype surrounding the currency from its fundamentals.” The Goldman report cites the lack of a…
Danish political party adopts blockchain-based system for internal voting
BybtxadmDenmark’s Liberal Alliance may not be a dominant force in Danish politics, but it is miles ahead of the rest of the political world when it comes to technological innovation. In the tiny town of Hvidovre, the local division of the party will be using a new internal voting system based on bitcoin’s blockchain technology…
Federal Reserve committee calls bitcoin a "boon" for commerce
BybtxadmThus far, the Federal Reserve has had a hands-off approach to bitcoin, regularly citing its lack of jurisdiction over currency-like commodities and non-state backed currencies. But that doesn’t mean the Fed isn’t paying attention to bitcoin’s rapidly growing impact on domestic and global finance. At a meeting of the Fed’s Federal Advisory Council (FAC), the…
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Chain raises $9.5 million for block chain API development
BybtxadmSan Fransisco-based bitcoin development house Chain is already well ahead of the curve when it comes to raising venture capital. In January, the startup raised $4.2 million to further develop its API for bitcoin’s block chain, enabling a new suite of mobile apps to quickly and easily interact with the cryptocurrency network’s data. Clearly, investors…
Report: Charlie Shrem cutting plea deal in Silk Road case
BybtxadmBloomberg reports that former BitInstant CEO Charlie Shrem is in the process of working out a plea deal with prosecutors for his alleged role in the Silk Road drug network. Shrem was arrested in January for conspiring to launder more than $1 million dollars in drug-related funds through his company. Assistant U.S. Attorney Serrin Turner…

