Initial Coin Offerings (ICOs) – Weekly Overview
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Is litecoin's crash an indicator of a "decoupling" from bitcoin?
BybtxadmAs bitcoin’s price was recovering to pre-Mt.Gox collapse levels this week, competing cryptocurrency litecoin (LTC) was dropping in like a stone. On July 1, LTC fell from nearly $9 to $7.90, one of the most dramatic crashes it has experienced in months, and the overall downward trend has continued heading into the July 4th weekend….
UK-based gold and bitcoin exchange Netagio passes ISAE 3000 audit
BybtxadmThe first bitcoin-related company to submit to an audit under the standards of the International Standard on Assurance Engagements (ISAE) has passed with flying colors. Netagio, a small bitcoin and gold exchange based in the U.K., recently announced the results of an ISAE 3000 review conducted by international auditing firm BDO. Netagio claims this to…
A year later, Forbes revisits "Living On Bitcoin" series
BybtxadmIn May of 2013, Forbes writer Kashmir Hill spent a week living on bitcoin. Or trying to, at least. With bitcoin still little known outside of tech and black-market circles, and the media attention around the late 2013 price boom still months away, Hill struggled to find merchants who had even heard of bitcoin, never…
BitPay partners with industry giant Global Payments
BybtxadmAtlanta-based bitcoin payment processor BitPay announced a new partnership yesterday with a true titan of the payment industry, Global Payments. With over $2.4 billion in revenue last year Global Payments has a significant presence in almost every industry where money changes hands, particularly in credit card, debit card and EBT card markets. The company has…
Australian company plans to set up 100 bitcoin ATMs by 2015
BybtxadmABA Technology recently announced plans to create a network of at least 100 machines across the country by 2015, and more than 500 across the globe by 2016. Founded by 29-year-old entrepreneur Chris Guzowski, the company launched its first bitcoin ATM two weeks ago on the outskirts of Sydney. Working with U.S.-based bitcoin ATM maker…
Report: Dutch banks increasingly friendly to bitcoin business
BybtxadmIn a report published today on Bloomberg, banking insiders in the Netherlands hinted at growing interest in working with bitcoin-based businesses. With a massive amount of global attention now directed at bitcoin-based payment systems, Dutch banks are becoming interested largely because their most innovative customers are. The report quoted a recent statement by Mark Buitenhek,…