Kyt Dotson
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Circle announces $50 million investment, Chinese outreach and new USD account features
Circle Internet Financial Ltd. announced today a $50 million infusion of investment capital co-led by Goldman Sachs and IDG Capital Partners. Alongside this investment, Circle also revealed that IDG Capital Partners, a leading China-based venture capital firm, will assist the service in meeting Chinese market needs and Circle is also adding features that allow customers ...
Bitcoin Weekly 2015 April 29: Nepal earthquake relief, Coinbase expands to UK, Bitcoin Core version 0.10.1
Last Saturday, a massive earthquake struck the country of Nepal inflicting untold damage and displacing thousands of people, read on to see how you can assist in relief efforts and what the Bitcoin community is doing. Also in the news, Coinbase is expanding in the UK and adding option for exchanging bitcoins for BGP and ...
Purse.io: Bitcoins for Amazon products outfit plans next move to airline miles
Bitcoin is a born-digital currency, a method for exchanging value without ever leaving a computer or a mobile device. This puts bitcoins into an interesting position when it comes to other currencies, such as gift cards and corporate “rewards points.” Purse.io puts this to the test by providing people the ability to exchange bitcoins for ...
Tesla Motors website, Twitter account and Elon Musk pwned by hacker prank
Over the weekend, Tesla Motors, Inc. had its website hacked and replaced with an odd collage of images in what is common for the cyberspace version of graffiti. Near the same time the hackers also hijacked Tesla’s Twitter account, @TeslaMotors, changed the name to ‘#RIPPRGANG’ and then began tweeting nonsense. To add insult to injury, the ...
HaoBTC seeks to become a Coinbase-like service for China
Beijing-based HaoBTC recently announced the launch of a wallet service for customers worldwide interested in storing and buying bitcoin. HaoBTC has been around since August 2014 and importantly developed a process for rapid transfer of fiat funds to wallet accounts, which allows for processing under ten seconds. HaoBTC CEO Wu Gang says this solves a problem ...
Bitcoin Weekly 2015 April 22: Mt Gox heist went on for years, CryptoMoms first anniversary, Xapo partners with Taringa!
The crash and burn of Mt Gox felt as if it would shake the foundations of the Bitcoin ecosystem–in hindsight, it did, but not in the way that it seemed it would: instead of causing an economic crash, Mt Gox was quickly replaced by rivals. When news of troubles came out of Mt Gox, then ...
The U.S. Postal Service has octocopter drones on the brain
The United States Postal Service (USPS) is looking for companies to give it the edge for delivering the mail in the future. This means seeking bids with manufacturers who can provide new and better ways to advance its fleet of delivery vehicles. One of those bids comes from an interesting source: an octocopter designed by ...
Hands on review with Trezor, the Bitcoin hardware wallet
Trezor is a bitcoin hardware wallet produced by SatoshiLabs. It is a physical product designed to protect bitcoin private keys so that they are not stored on a potentially vulnerable computer and to provide access controls so that only the authorized user can effect transactions from the protected bitcoin wallet. It took two weeks for the ...
Bitcoin Weekly 2015 April 15: Bitcoin Foundation Reddit AMA, MIT and Bitcoin protocol development, LiveJournal accepts BTC payments
The Bitcoin Foundation’s past controversy involving money and transparency has grown into the appointment of a new Executive Director, Bruce Fenton, who went to Reddit to seek the community’s thoughts. In light of these past events, MIT Media Lab Director Joi Ito also had thoughts on providing a safe space to progress Bitcoin protocol development. ...
Tether teams up with GoCoin to give merchants free Bitcoin payment processing
Tether, a payment service that uses a bitcoin-backend to settle payments without having to use a bank, just announced integration with Bitcoin merchant processor GoCoin. Merchants using GoCoin who transact in Bitcoin, Litecoin, or Dogecoin can instead opt to use Tether’s system. GoCoin, founded in 2013, has since raised $2 million in funding to provide merchant ...