April 18, 2016 0 Comments
ChangeCoin, the startup that allows people to give and receive tips using bitcoin, has been acquired by Airbnb. The terms of the deal was not disclosed. Founded in San Francisco in 2014, ChangeCoin is a micropayment infrastructure for the Internet. Its first product, ChangeTip, allows people to tip each other using bitcoin via Twitter or Reddit. As part of the deal, Airbnb hired a number of ChangeCoin’s engineers. However, Airbnb did not acquire assets of intellectual property owned by the startup. This indicates the company is not about to incorporate bitcoin transactions in to its payment system.
You can read about the acquisition here.
August 11, 2014 0 Comments
We’ve all heard about bitcoin. If you’re a techie, you might have mined and used it. Despite being hacked and stolen many times in the past, the tech community continues to champion its use, while governments around the world struggle to control it.So what is bitcoin? Bitcoin is a virtual currency that utilizes cryptography for security. Unlike cash, bitcoins are not issued or regulated by a central bank and therefore it’s immune to manipulation. Like traditional forms of currency, bitcoins can now be used to make purchases online and in physical stores. What’s more, bitcoin is now legal in more than 20 countries including the United States, Canada, Australia, Japan and the UK. Investments in bitcoin-related businesses are likewise taking off. Last month alone, Andreessen Horowitz invested $2.8 million in Tradeblock, an online cryptocurrency data provider while Greylock Partners and Index Ventures infused $20 million in Xapo, an online bitcoin wallet service. Analysts predict that based on the amount of funding being poured into bitcoin businesses to date, total investments in bitcoin are expected to reach as much as $250 million this year.
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