Monthly Archives: April 2015

Hollywood Studio Lionsgate Films in Talks to Accept Bitcoin

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Lionsgate Films, the production studio behind titles such as The Hunger Games and The Day After Tomorrow, has entered into a partnership with digital currency payments processor GoCoin.

First announced by GoCoin CEO Steve Beauregard at Inside Bitcoins New York, the deal was confirmed by Lionsgate senior vice president Peter Wilkes.

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Hedgy Raises $1.2 Million for Smart Contract-Powered Bitcoin Derivatives

Bitcoin derivatives startup Hedgy has raised $1.2m in new seed funding from a group of 10 investors that includes Draper Fisher Jurvetson partner Tim Draper, Salesforce CEO Marc Benioff and Sand Hill Ventures.

In conjunction with the announcement, Hedgy has also launched a new derivatives product aimed at commercial bitcoin miners.

Miners that use the derivative can effectively lock in a future price at which they can sell bitcoins, using a smart contract to settle the transaction on the bitcoin blockchain.

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Western Union: 'Too Early' to Discuss Ripple Labs Pilot Project

Western Union has formally responded to statements suggesting it is taking concrete steps toward using distributed ledger technologies via a partnership with Ripple Labs.

Long cited as a technology that could enable more cost-effective cross-border payments, Western Union has, as commentators have noted, what is perhaps one of the more evident vested interests in exploring digital currency offerings.

Still, representatives for the Colorado-based company remain tight-lipped about what the proposed project with Ripple Labs would entail.

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CEX.IO Opens Bitcoin Exchange to US Market

Bitcoin exchange CEX.IO has expanded its operations to the US enabling customers in 23 states to deposit and withdraw fiat currency.

Citing Coinbase as its main competitor stateside, Helga Danova, chief editor at CEX.IO said that she was confident that they could become a “great alternative for US citizens and broaden the possibilities of buying bitcoin and trading other cryptocurrencies”.

The US launch comes amid a continued pivot away from mining services. The company halted its cloud mining operations in January citing bitcoin’s declining price as a motivating factor.

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Bitcoin Could Impact Credit Unions, Report Says

Credit unions may one day find some of their core functions replicated by bitcoin, a new report suggests.

According to Mercator Advisory Group, a global consultancy for the payments industry, such an evolution would only occur should bitcoin’s market volatility lessen and security mechanisms develop further.

The report, entitled Understanding Bitcoin’s Implications for Credit Unions, largely serves as a vehicle for understanding the fundamentals of bitcoin and its distributed ledger, the blockchain.

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Remove Satoshi as Founding Member, Says Bitcoin Foundation Director

As part of a newly published roadmap for the Bitcoin Foundation, executive director Bruce Fenton has suggested removing bitcoin creator Satoshi Nakamoto as a founding member.

Though he called for the removal of all founding members from the organisation, Fenton singled out Nakamoto’s inclusion as “not accurate”, arguing that he or she was never involved in the group’s creation.

Now a largely symbolic title, the move would also strip Gavin Andresen, Peter Vessenes, Charlie Shrem, Roger Ver, Patrick Murck and Mark Karpeles of the distinction.

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Circle Raises $50 Million With Goldman Sachs Support

Bitcoin financial services startup Circle Internet Financial has closed a $50m funding round.

The Boston-based company drew support from Goldman Sachs and China-based IDG Capital Partners, as well as all of Circle’s pool of existing investors, including Breyer Capital, General Catalyst Partners and Accel Partners.

Tom Jessop, managing director at Goldman Sachs’ Principal Strategic Investments Group, said the bank recognizes the need to invest in companies that “have the promise to transform global markets through technical innovation.”

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