Last month, Seattle-based bitcoin services company CoinLab filed an objection to a plan that begin the rehabilitation of shuttered Tokyo-based exchange Mt.Gox. Late last week, however, CoinLab announced that it was withdrawing its objection and is now supporting the Chapter 15 bankruptcy filing. The Wall Street Journal reports that while CoinLab does not change the…
Last week, bitcoin-investment group Pantera Capital quietly filed a “Form D” notice with the U.S. Securities and Exchange Commission. Under the notice, a privately held company does hot have to register investment funds raised through certain kinds of activity, such as venture capital or angel investments. A Form D notice is a fairly common filing…
In a move sure to please bitcoin-skeptical regulators in the U.S., Atlanta-based payment processor BitPay announced today that it has hired Tim Byun as its chief compliance officer. Byun has quite a reputation preceding him, having served as Visa’s head of Anti-Money Laundering/Anti-Terrorist Financing. In since 2009. Byun also served as an Examining Manager with…
Banking technology is changing at a never-before-seen pace, and it’s hardly surprising for a massive bank holding company like Capital One to advertise a position for a data scientist focused on emerging technologies. Even a company with over $286 billion in assets needs to keep on top of the trends, after all. What may be…
In a new report on CoinDesk, bitcoin-focused venture capital investment in the first half of 2014 has blown past total investment in 2013 by more than $27 million. Last year, startups like Coinbase and BitPay were still in early seed rounds, with total investment hitting about $88 million. Since January, however, second-round investments in those…
The Internal Revenue Service is rarely seen as a source of good news when it comes to paperwork. On Wednesday, however, the IRS announced during a webinar for tax professionals that bitcoin holdings did not need to be reported to the Financial Crimes Enforcement Network (FinCEN) for this year’s tax season. There had been some…
It’s not exactly a secret that eBay CEO John Donahoe has a soft spot for bitcoin. While he has been coy about announcing any concrete plans to formally integrate eBay and PayPal with a bitcoin wallet, he has made a variety of statements over the past six months indicating that such a move is likely….
As the worlds of bitcoin and high finance move ever closer together, it shouldn’t be surprising to see bitcoin prices react to non-bitcoin related moves by major players. It’s one thing when the price of bitcoin dives in response to China effectively banning all cryptocurrency exchanges from its banking system, for instance, but something completely…
In May, Hong Kong-based cryptocurrency exchange HKCex announced it had secured $25 million in new funding, pushing it into the realm of high-profile venture-capital backed companies like BitPay, Circle and Coinbase. Almost immediately, however, many in the bitcoin community in Asia began to claim that the announcement was a fraud, and HKCex little more than…
Speaking with payment industry trade publication PaymentsSource, Xapo founder Wences Casares said his company’s much anticipated bitcoin-backed debit card will debut later this month. First announced in late April, the debit card is tied directly to a Xapo-hosted hot wallet, with coins instantly sold and converted to local currency. Although other bitcoin services offer debit…