Bitcoin on the rise again

Bitcoin's price topped $1,000 on Monday for the first time since 2013, marking a comeback that could see it gaining further acceptance, according to CBS News.  The price of a bitcoin rose to $1,008, short of the $1,125 peak hit in late 2013, but a vigorous rebound from its three-year low of $210 in January 2015.

Bitcoin wallet lets users transfer value to Starbucks mobile app

iPayYou.io, a bitcoin wallet, announced the launch of Bitcoin Direct to Starbucks, a new way for coffee lovers to use bitcoin. iPayYou's newest feature enables users to easily transfer bitcoin from their existing iPayYou wallet to their Starbucks mobile app,...

Philippines mobile payment firm secures $5 million, will provide bitcoin to the financially underserved

A Philippines mobile payment startup called Coins received a $5 million investment from global investors to reach unbanked people in Souheast Asia, according to JD Supra Advisor. The Series A round led by Accion Frontier Inclusion Fund will enable Coins...

BitPay integrates Copay bitcoin wallet with Intel hardware security

BitPay has announced the first bitcoin wallet with Intel hardware security integration, assuring users their data is protected even if their application code or associated computer is compromised. The Intel Software Guard extensions integration provides hardware-level protection for the wallet’s...

Unocoin raises $1.5M in funding round

Unocoin, a bitcoin company based in Bangalore, India, has raised $1.5 million in its pre Series-A round. Blume Ventures, Mumbai Angels, Digital Currency Group and others were some of the Indian companies that invested in Unocoin, according to a press release. Unocoin is attempting to serve the underbanked in India by providing bitcoin services.

Study: Blockchain adoption moving rapidly in banking, financial markets

Companies in the banking and financial markets are rapidly adopting commercial blockchain products, and faster than initially expected, according to two new IBM studies. Fifteen percent of banks and 14 percent of financial market institutions interviewed by IBM intend to...

Major banks launch global payments steering group

Ripple, a provider of financial settlement solutions, has announced that a number of global banks are joining forces to establish the first interbank group for global payments based on distributed financial technology. Bank of America Merrill Lynch, Santander, UniCredit, Standard...

Ripple acquires $55 million in bank investments

Ripple, a blockchain startup backed by Google, has acquired $55 million in investments from some big banks. Banks such as Santander Innventures, SCB Digital Ventures and Accenture Ventures contributed to the investments, according to a report by CNBC. Ripple has raised $93 million in total since it began its investments push.

Study: Venture capital blockchain investment through June approached $300M

A new study from Juniper Research has found that the total value of venture capital investment into blockchain technologies and Bitcoin companies totaled $290 million in the first six months of the year with more than 30 startups receiving funding...

Mobile Payments Today releases new Mobile Wallet Comparison Guide

Choosing the right mobile wallet can be tricky and time consuming, but we've done the research for you! The 2016 Mobile Wallet Comparison Guide gathers in one spot a compendium of the industry's top mobile wallets, compiling their differing capabilities...

Plutus raises more than $1M for contactless bitcoin payments

Plutus Tap & Pay has officially raised more than $1 million in a crowdfunding campaign for bitcoin and Ethereum contactless payments. The company plans to launch an Android app that will make these NFC payments a reality, according to a...

Bitcoin wallet enables payments via Twitter

The bitcoin wallet iPayYou has launched its "Pay-by-Twitter" feature. With this tool, users can make peer-to-peer payments on Twitter, according to a press release. The company already enables users to send bitcoin through email.

North Carolina passes bitcoin bill

North Carolina Governor Pat McCrory recently signed into law a new bill that expands the Money Transmitters Act to include virtual currency. The law defines virtual currency as a "medium of exchange," but not as currency, according to a report by Econo Times. The legislation, H.B.

Brexit leads to bitcoin surge

Bitcoin's value hit $650 this weekend in the aftermath of the U.K.'s decision to leave the EU, known as Brexit. Following the decision, the pound plummeted in value, and many Brits turned to bitcoin, according to numerous news reports. Bitcoin...

Coinbase founder declares Ethereum more advanced than bitcoin

Coinbase co-founder Fred Ehrsam recently declared that the virtual currency Ethereum is ahead of bitcoin and represents the future of virtual currency. On his blog, he argued, "There is nothing that bitcoin can do which Ethereum can't." Ehrsam listed several reasons why he believes Ethereum is outperforming bitcoin.

Mt. Gox lawsuit dismissed by Canadian court

A class-action lawsuit against the defunct bitcoin exchange Mt. Gox has been dismissed in the Ontario Superior Court of Justice.

Blockchain and bitcoin conference coming to Prague

At the conference, experts will share their knowledge on the current state of blockchain and bitcoin in a variety of industries.

UK grants electronic money license to bitcoin company

Boston-based bitcoin company Circle has officially received an electronic money license from Britain. With this license, Circle will be able to work with big banks on money transfers.

Microsoft will accept bitcoin, correcting earlier reports

Earlier, Microsoft released a statement on its website that it would not accept bitcoin. It has now corrected that statement and claims it will continue to accept the virtual currency.

Japan considers making bitcoin legal currency

Japan's Liberal Democratic party is considering changing the laws to define virtual currency as legal currency. With this change, bitcoin and other virtual currencies could be regulated and taxed more closely.

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