Online travel giant Expedia announced today that it will soon accept bitcoin through a partnership with Coinbase. Rumors that a “major hospitality website” was on the verge of adopting bitcoin payments have been circulating for the past few weeks. The company, which had $4.7 billion in revenue last year, joins Overstock and Dish Network as…
Located mere miles of the coast of Scotland, the self-governing British Crown Dependency Isle of Man has long served as a haven for those wanting to escape regulatory forces of the U.K. With virtually no taxes, the country has also attracted several companies who make their profit in various forms of arbitrage, including a healthy…
Las Vegas-based bitcoin ATM maker Robocoin unveiled it’s next-generation machines today, the “Robocoin 2.0.” The two-way ATM features a new, more user-friendly software system and several hardware tweaks and upgrades from its previous model. The entire system has been overhauled, presenting a more bank-like experience for Robocoin “branch” customers. According to the company’s recently updated…
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 story published today by major U.K. newspaper The Telegraph, technology reporter Matthew Sparkes claims that the rapidly growing bitcoin network is more than the decentralization of money. As Sparkes sees it, blockchain technology is actually the “gateway to a coming digital anarchy.” While such views are nothing new within the fringes of the…
The possible 51% scenario crisis over the weekend has been averted, with bitcoin miners leaving GHash.io for other pools. GHash.io is still the most popular mining pool, with 33% of the total hashrate, but the problematic scenario surrounding any one pool gaining the majority of the network hashing power has been averted. While there was…
If you have an abundance of BTC to spend, particularly on real estate, “bitcoin luxury marketplace” BitPremier may already be on your radar. While much of the site consists of high-end downtown condos, designer handbags and sports cars, one recent listing doesn’t quite fit the norm. For $2 million, roughly 3,000 BTC, you can be…