Bitcoin Investment Trust filed a public registration statement with the SEC on January 20, 2017, for a proposed initial public offering. This is the second bitcoin investment vehicle trying to register its securities after SolidX Bitcoin Trust filed last July. According to its registration statement, the Bitcoin Investment Trust is…
For anyone who hasn’t got around to reading CoinDesk’s third quarter State of the Blockchain report, here are some highlights pertaining to startup investment. First, venture capital investment in blockchain startups is down 18% year-to-date. Based on CoinDesk’s data, a total of $114 million was invested by venture capital firms…
Several big banks running the very system of money exchange that bitcoin was created to replace are now planning on co-opting bitcoin technology. This blog previously discussed that banks were interested in using blockchain technology to make money transfers faster and more secure. Now, UBS, Deutche Bank, Santander, and BNY…
While many people in the U.S. are still skeptical that bitcoin will become a mainstream currency, both private and public sectors are gaining interest in the idea that the underlying blockchain technology can be used to solve a wide variety of security and transactional problems. In the private arena, industries are…
Bitcoin was born on November 2008 when an anonymous user named “Satoshi Nakamoto” published a post on a cryptography blog linking to a paper the user had written about a decentralized peer-to-peer electronic cash system. After helping establish the fledging currency, the same user disappeared from the bitcoin world with…
As Bitcoin enters its seventh year of existence, the community that surrounds it is trying to decide how to guide and grow the currency into the future. Currently, the size of a block (which is a bitcoin data file) is 1MB and recently there have been around 100,000 to 200,000…
Overstock.com has been a leader in embracing digital currency, and now the company wants to embrace digital securities. On April 24th, Overstock.com filed a registration statement with the Securities and Exchange Commission (“SEC”) that explained that their future stock may be offered as cryptographically-secured shares. The filed S-3, which is…
Recently, we had the chance to chat with Stan Stalnaker about one of the foundational digital currencies, Ven. If Bitcoin started as the rebellious, unstable youngster of the digital currency world, Ven, in contrast, is the environmentally friendly adult with a savings account. Ven was one of the early digital…
Tired of paying state taxes in dollars? If bills recently introduced in New Hampshire and Utah pass, those states’ taxes could eventually be paid in bitcoin. The New Hampshire House of Representative’s Ways and Means committee is considering a bill that would allow New Hampshire to accept bitcoin payments beginning…
Anyone unhappy with New York’s proposed digital currency regulations, should head West, at least for now. As of January 1, 2015, the use of digital currencies (along with reward cards, virtual tokens, and other forms of payment most people likely never knew were of questionable legality) is legal in California, and…