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…
Report: Mt.Gox claims to have "found" 200k in lost bitcoin
BybtxadmIn a report published on Yahoo News’s Japan section, Mt.Gox has recovered nearly 200,000 BTC from a “lost” wallet dating back to 2011. The company’s lawyers claim that Mt.Gox found the wallet on March 7 during an internal investigation following their declaration of bankruptcy on Feb. 28. Few details about the recovery have been released,…
Report: "Sorry Banks, Millennials Hate You"
BybtxadmIn a dramatic new survey by Viacom’s brand research division Scratch, the mid-20s generation known as “millennials” have made their views about banks and the banking industry unambiguously clear: They don’t like banks. Period. The three-year study of 10,000 millennials, the “Millennial Disruption Index,” showed a general sense of skepticism and hostility towards banks. According…
Yelp unveils support for bitcoin-accepting businesses
BybtxadmAfter a business decides to test the waters of bitcoin payments, it still faces a significant challenge: Letting people know about it. While it is true that many businesses experience a bump in publicity and interest shortly after accepting bitcoin, apart from window decals and stickers near a cash register, there are few ways to…
OKCoin and CHBTC report some bank accounts closed
BybtxadmChina’s rumored April 15th “bitcoin ban” may not have materialized, but that doesn’t mean things have stabilized for the country’s cryptocurrency exchanges. Earlier today, major Chinese exchanges OKCoin reported that its accounts at the China Construction Bank had been closed, while the owner of smaller exchange CHBTC had his personal account (which had been serving…
Overstock confirms Sept. 1 launch of international bitcoin buying option
BybtxadmAfter months of speculation, Overstock.com CEO Patrick Byrne confirmed yesterday that his company will be enabling buy-with-bitcoin options on their international site, O.co, starting Sept. 1. Although the move was known to be the works since July, the date of the bitcoin-buying service expansion wasn’t known beyond a general “within a few months” estimate. The…