Holland-based payment service Mollie is a major player in the Netherlands, Belgium and Luxembourg, with over 10,000 merchants on its roster. The company works with a wide variety of payment providers, including all major credit cards, PayPal and iDeal, allowing customers a huge range of options. Today, Mollie officially added bitcoin support to its list…
Last week, the Federal Election Commission approved bitcoin for in-kind donations in political campaigns and political action committees (PACs). Not surprisingly, one of bitcoin’s biggest champions in D.C., Colorado Representative Jared Polis, began accepting BTC on his website almost immediately. Thus far, the contributions have been nothing to scoff at: 39 donators had sent Polis…
At a hearing in federal court yesterday, U.S. District Judge Gary Feinerman gave Sunlot Holdings and a collection of Mt.Gox creditors preliminary approval to move forward with a settlement plan for the defunct Tokyo-based bitcoin exchange. Under the agreement, Sunlot and its partners would acquire Mt.Gox’s debits and assets for a single bitcoin. The move…
Tech entrepreneur and investor Halsey Minor knows a thing or two about being ahead of the curve. In 1993, he founded one-time tech haven CNET, selling it to CBS 15 years later for $1.7 billion. He’s also a co-founder of Salesforce.com (currently valued between $15 and $35 billion) and the founder of venture capital firm…
Earlier this month, Chinese bitcoin and litecoin exchange FXBTC announced it would be shutting down due to increased regulatory pressure from the People’s Bank of China. In an attempt to prevent customer losses from the inability to access its accounts, the exchange moved quickly and strongly urged all customers to withdraw their funds as soon…
In terms of mainstream adoption, the BIP 70 protocol is a big deal. Instead of requiring users and merchants to work with 34-character, randomly generated bitcoin addresses and long confirmation times, BIP 70 generates human-readable confirmation codes and vastly improves how confirmations are handled. Although the BIP 70 protocol was implemented in the Bitcoin Core…
The U.S.-China Economic and Security Review Commission (USCC) was established by Congress in 2000 to “report on the national security implications of the bilateral trade and economic relationship between the United States and the People’s Republic of China.” In other words, the USCC issues reports on major trading trends between the two nations, as well…
At the annual eBay shareholders meeting in San Jose, CA, yesterday, CEO John Donahoe answered a variety of questions from stakeholders about the company’s direction and plans for the coming year. One particularly interesting question was posed by Silicon Valley Black Chamber of Commerce representative Carl Davis, who was curious about eBay’s response to the…
Bitcoin purchasing platform Bittylicious announced an exiting development just shy of its one-year anniversary: E.U. citizens are now able to use credit and debit cards to purchase bitcoin through the site. The U.K.-based company already offers a standard payment options, such as bank transfers and mobile payments, but the ability to irreversibly purchace BTC through…
The Electronic Funds Transfer Association (EFTA) and the ATM Industry Association (ATMIA) issued a largely positive new report on bitcoin this week. Titled “Bitcoin: Virtual Currency with Real Opportunities,” the report focused on how “virtual currencies and ATM systems can interface for their mutual benefit.” In the media release about the report, ATMIA’s CEO Mike…