BitX has raised a US$4 million in its Series A funding round led by the South African media firm Naspers through its payments subsidiary PayU.
BitX Raises $4 Million; Available to ‘Over Half a Billion Consumers’ Zimbabwe Provides ‘Ideal Scenario’ for Bitcoin Companies, Says Lawyer in White Paper Zimbabwean lawyer Simba Machiridza has written a white paper on the state of the preparedness of the country as a base for Bitcoin companies. He concludes that Zimbabwe is an ideal destination.
Singapore Bitcoin Exchange BitX Launches in Nigeria Singapore-headquartered Bitcoin exchange BitX, which already has offices in Cape Town and Jakarta, has launched operations in Nigeria.
UK Bitcoin Exchange Coinfloor Launches P2P Marketplace London-based Coinfloor has launched its Bitcoin exchange-backed P2P marketplace, allowing investors and consumers to buy from bitcoin brokers in a safe environment.
New York Releases 31-Page BitLicense Application Form The New York State Department of Financial Services has released the application forms that Bitcoin companies in the state must complete by August 8 in order to register their businesses.
The Bitcoin Community Reacts to the NY BitLicense The New York State Department of Financial Services (NYDFS) yesterday released the third and final revisions to its BitLicense legislation.
Eris Industries Leaves UK After Orwellian Bill Reintroduced Eris Industries, which develops software that allows anyone to build secure, low-cost data infrastructure using blockchain and smart contract technology, has ordered all its staff to depart the United Kingdom
Citi Calls on UK Gov’t to Launch ‘Inevitable’ Digital Currency Leading global bank Citi has called on the government of the United Kingdom (UK) to adopt a digital form of legal tender to reduce the cost of moving money, increase consumer spending and add greater liquidity to the market.
Philippines Bitcoin Exchange Coinage Graduates from Silicon Valley Accelerator Philippines-based bitcoin exchange Coinage has graduated from the Boost VC accelerator program in Silicon Valley
Danish Exchange Unveils Next-Gen Bitcoin Debit ‘NanoCard’ Danish virtual currency bourse the Crypto Coins Exchange Denmark ApS (CCEDK) has announced a launch of its next-generation payment card - the Bitcoin Debit NanoCard.
Bitcoin Is ‘a Mechanism of Money Transfer Rather Than a Currency in and of Itself’ South African payments gateway PayFast added bitcoin as a payment method on its platform, partnering with the BitX exchange and allowing buyers to make purchases using bitcoin at over 30,000 online sellers
Patched ‘Venom’ Bug Said to Be ‘Perfect’ for Stealing Bitcoin The newly patched “Venom” vulnerability in virtualization software is “perfect” for any organization targeting bitcoin wallets, private keys and forum passwords.
Study: Cybercrime to Become $2.1 Trillion Market by 2019 The cost of data breaches as a result of cybercrime will rise to US$2.1 trillion globally by 2019 as a result of the rapid digitization of consumers’ lives, according to research from market analyst firm Juniper Research.
EU Commission Considers Imposing VAT on Crowdfunding Rewards The European Commission is considering imposing value added tax (VAT) on reward-based crowdfunding, which could force businesses to charge on the value of any items sent to donors.