More than 70 digital currency industry businesses, executives and advocates are backing a petition that calls for the easing or eradication of allegedly onerous components of New York’s BitLicense proposal. Submitted as part of a recently closed public comment period, the measure has so far garnered support from companies such as Coinbase, Blockstream, BitPay, Circle and Ripple Labs, […]

Factom has raised 579 BTC, or roughly $140,000, through the first day of its crowdsale. The blockchain-based record-keeping network launched its crowdsale yesterday at 17:00 UTC on decentralized application platform Koinify, offering 2,000 Factoid tokens (FACTs) for every 1 BTC pledged by prospective users. Continue reading at CoinDesk Powered by WPeMatico

BitGo announced today that co-founder Mike Belshe will replace Will O’Brien as acting CEO of the bitcoin security provider. Calling the move “the best path forward”, Belshe suggested that the transition was put in place by the BitGo‘s remaining founders, including both himself and Ben Davenport, and that O’Brien will continue working with the company […]

US retail giant Overstock has invested in blockchain technology specialist Peernova as part of its second tranche of Series A financing. Formed through a merger between cloud mining contract provider CloudHashing and ASIC hardware designer HighBitcoin in early 2014, Peernova raised $8.6m in funding last December as it sought to accelerate its shift away from […]

“I’m a proponent of bitcoin and hope it does succeed and take over the monetary system of the world.” Months after the closure of the infamous online black market Silk Road and the arrest of Ross Ulbricht, it seems bitcoin still held the attention of former Drug Enforcement Administration (DEA) special agent Carl Mark Force IV. Overnight, Force […]