May 8, 2014
Bloomberg, PC World, The Verge, and others – Multiple outlets continue reporting on the U.S. Securities and Exchange Commission’s official alert to investors about the risks of Bitcoin. The alert states Bitcoin does not have an established track record of credibility and trust, but the report’s advice would apply to “almost any investment.”
Politico, The Wire, and others – Multiple outlets report The U.S. Federal Election Commission on Thursday unanimously said that political committees could legally accept small bitcoin donations — acknowledging for the first time that digital currencies are a form of “money or anything of value.”
Reuters, The Telegraph, and others – Multiple outlets report China’s biggest bank, ICBC, along with Guangfa Bank and Shanghai Pudong Development Bank Co Ltd have announced that they have banned activities related to Bitcoin trading. This follows reports that the PBOC ordered executives at China’s biggest lenders to tighten up how they monitor trades in the virtual currency.
Wall Street Journal, Deborah Gage – Deborah reports Avalara Inc., a cloud-based service that automatically calculates sales tax for businesses, is supporting bitcoin. Avalara, which started in 2004, has raised more than $100 million from investors including Battery Ventures and Sageview Capital.
May 9, 2014
Bitcoin Magazine, John Bush – John writes Bitcoin is becoming more versatile which opens up for new opportunities, noting “Xapo’s expansion into linking storage to usage through their new Xapo Wallet” as a significant recent development that will expand usability and accessibility.
TechCrunch, Kim-Mai Cutler – Kim-Mai reports BitPay has raised another $30 million, led by Index Ventures, with Richard Branson and Yahoo co-founder Jerry Yang participating, noting “the company’s financing tops…the $20 million round that Benchmark led for Xapo.”
CTV News, Josh Elliott – Josh reports Bitcoin’s transaction volume has dramatically declined in the past months and as a response, members of the Bitcoin community are organizing efforts to sponsor athletic teams and events in an attempt to attract new investors and users.
New York Times, The Register, and others – Multiple outlets report the Winklevoss twins disclosed in a regulatory filing that they had chosen to list their Bitcoin exchange-traded fund, the Winklevoss Bitcoin Trust, on the Nasdaq stock exchange.
Payments Source, Bailey Reutzel – Bailey reports longtime friends and business partners Alex Charfen and Price Givens have formally launched BitcoinWallet.com, which they plan to market as a social, consumer-friendly and transparent digital currency wallet. The company’s site has several pages dedicated to technical data about the wallet’s financials, including its number of users, account openings, transactions per week, and how many bitcoins the service is holding in both hot (online) and cold (offline) storage.
TIME, USA Today, and others – Multiple outlets continue reporting on the Federal Election Commission’s approval of using Bitcoin for political donations. Jared Polis, a Colorado Congressman and Bitcoin backer, has announced his campaign will begin accepting the digital money and has already received “well over $1000 worth of Bitcoin in less than 24 hours.”