The Swedish bitcoin and litecoin mining company KnCMiner has closed an investment round of $15 million. The company plans to use the raised funds to increase its mining capacity.
Thanks to a new partnership between Adyen and BitPay, it has become much easier for businesses to start accepting bitcoin. Adyen services are used by Ryanair, AirBnB, and Facebook, to name just a few.
247exchange, a Belize-based bitcoin startup, has launched a new payment feature that allows users to withdraw bitcoins to their Visa and MasterCard credit/debit cards.
The first global bitcoin event ever to occur in Africa will bring together different people interested in promoting bitcoin on the second-largest continent in the world. The event may become a breakthrough in the spread of the cryptocurrency.
Bonafide, a new startup, has raised $850,000 to build a bitcoin reputation system. Many users see it as a threat to the anonymous character of the bitcoin.
Ryan X Charles, Reddit's former cryptocurrency engineer, has announced he is going to start a new business, Bitcoin Wireless, which will use bitcoin to pay for wireless internet. Commenters on Reddit have noted the similarities between his proposal and BitMesh, a platform that allows other people to connect to your Wi-Fi and pay for it in bitcoins.
Star Xu of OKCoin ranks the social aspect of bitcoin as at least as highly as the financial one. He wants to work in both domains.
Sean Neville, the co-founder of Circle, a notable cryptocurrency payment business, believes that the best way to take bitcoin mainstream is to make customers forget about it at all, Pymnts.com writes.
LocalBitcoins customers reportedly lost 17 BTC when the client support chat on the company’s website was hacked.
A research paper explores different kinds of bitcoin frauds and ways to fight them.
DeCrypto OÜ has launched a terminal for purchasing bitcoins for euros in cash in Talinn. This is the first bitcoin ATM in Estonia and in the Baltic States.
The digital currency plunged in the evening of January 28th. The plunge happened after one bitcoin company filed for bankruptcy and the District Attorney for Manhattan expressed an interest in bitcoin.