D.C.-based lobbying firm Peck Madigan Jones is no stranger to influencing how lawmakers view the world of finance. With a client list that includes the U.S. Chamber of Commerce, the American Insurance Association, Wells Fargo Securities and MasterCard, the bipartisan firm makes no secret of its ability to sway the thinking, and the voting, of…
Dedicated bitcoin ATMs are at a crossroads. Even counting the first proof-of-concept working prototypes, the entire industry is less than a year old, with most of the “major” manufacturers having only a few dozen units in the field today. While orders are growing rapidly, so are prices. Robocoin and Lamassu are banking on a market…
Earlier this month, long-simmering digital currency-exchange platform Trucoin launched an 8-state beta test of an instant bitcoin-purchasing system. By simply logging in via an existing social media profile and entering credit card information, users could purchase bitcoin in a matter of moments, rather than the days-long payment verification process currently used by brokers like Coinbase….
Reddit user “jratcliff63367” recently posed an interesting question: What if you had invested $36,600 in bitcoin over the last year at a rate of $100 per day? What would the result of this dollar-cost-averaging approach? His answer was a total of 203 BTC bought over the year, with a profit of $67,119. That’s a whopping…
Yesterday, police broke up the small, loosely organized protest outside Mt.Gox’s offices in Tokyo’s Shibuya district. Police told the protestors that the demonstration was illegal, and warned them not to return without a “demonstration license.” According to protest organizers, the police were called by other tenants of the building who had grown tired of the…
According to tech industry news website Re/code, PayPal subsidiary Braintree will soon announce that it has entered into a bitcoin-payment processing arrangement with Coinbase, possibly as early as today. Braintree’s service is widely used by a variety of tech startups, including openly disruptive, peer-to-peer services like Uber and Airbnb, which are seemingly ideal adopters for…
