In a recent Bloomberg interview, CEO John Donahoe had some interesting things to say about Bitcoin. Matt Miller asked directly whether PayPal had plans to respond to digital payments, like Bitcoin. Wouldn’t PayPal get something from being the “first mover” in this instance? Mr. Donahoe replied by stating that PayPal is working on a digital […]
BTCChina recently initiated a new trading fees system–maker-taker. This means that the “market taker” pays fees directly into the “market maker”. To quote BTCChina’s site: Limit orders not executed immediately will be rewarded a 0.3% rebate on execution. Orders executed immediately will incur a 0.3% transaction fee. This means no fees go to the house. […]
Day 2 Panel 3: the hearing room is clear, so you know it’s the academics’ turn to speak. For earlier sections: Here for Day 1, part 1. Here for Day 1, part 2. Here for Day 2, part 1. Here for Day 2, part 2. Our panelists this time: Again, all of this writing should […]
The second hearing of day 2 was focused on “Virtual Currency Commerce and Consumer Protections”. If you missed part 1 of Day 2, check here. Part 3 of Day 2 is here. If you missed Day 1, check here and here. The panelists for this hearing were: Mr. Ehrsam opening: Coinbase is the most trusted American name […]
Today begins the regulatory hearing by New York Department of Financial Services to consider a Bitcoin/crypto licensing framework. I’m watching the live stream here. I can see major momentum manifesting either direction based on the tone of the hearing–I imagine a lot of us are watching. EDIT: Jeremy Liu of Lightspeed is giving an excellent […]
Here’s the major news for right now: From Coindesk, the CEO of Bitinstant, Charlie Shrem, has been arrested in connection with Silk Road. Also from Coindesk: Russian Central bank issues a very negative comment on Bitcoin. The Gox spread has widened to between 23 and 25% the past two days. I’ll have a longer followup covering […]
Tigerdirect now accepts Bitcoin in their online store. Their parent is Systemax, a Fortune 100 company. More bullish news.