BitCoin News & Market Analysis
Bitcoin flies above $600 on hopes of D.C. blessing, China buzzWashington D.C.’s blessing and a Chinese feeding-frenzy: What more could a virtual currency ask for? Bitcoin was off to the races on Monday, soaring to new highs above $600 – to $618.94 – and last at $610 in choppy trade on Mt. Gox. Plus, onMonday the U.S.
Apple Bumps Coinbase’s Bitcoin App From The App Store, Android App Lives OnTime to chalk another one up for cryptocurrency bitcoin’s reputation as a disruptor in the financial world? Today, news comes that Coinbase – the YC-incubated startup that offers a bitcoin buying and trading platform for consumers, and APIs to developers to integrate bitcoin payments into apps and websites – has had its iOS app pulled from the App Store by Apple, less than a month after it first appeared.
itBit Raises $3.25 Million To Launch A New Global Bitcoin Exchange For Institutional InvestorsThere are a number of Bitcoin exchanges out there today, but a new startup called itBit hopes to legitimize the market by providing bank-like security and compliance. This newest Bitcoin exchange has raised $3.25 million in a funding round co-led by Canaan Partners and RRE Ventures, with participation from Liberty City Ventures, as well angel investors such as Jay W.
Fortress’s Novogratz says bitcoin is in ‘inning 3 of a 9 inning game’Michael Novogratz, principal and director of Fortress Investment Group LLC , says bitcoin is just heating up. He made headlines after praising the virtual currency at a conference in late October, adding that he had bought bitcoins a few months before, according to reports.
In One Slide, Here’s Why Bitcoin Bulls Think It Could Go To $37,815Bitcoin is having another huge day. It’s almost at $400. Earlier this week, it was around $250. So how high could it go? There’s a private fund called the Bitcoin Investment Trust being sold through Second Market. They have a presentation making the case for why Bitcoin could potentially go much, much higher.