Bans anonymous currency deals

Following the recent arrest of five people from Liberty Reserve in the US, Mt. Gox takes steps to avoid action from US authorities announcing it will no longer accept anonymous accounts. It continues to allow Bitcoin deposits and withdrawals but any currency transactions need ID checks. New staff have been hired to verify accounts within 48 […]

BitAngels starts with 60 angels

Over 60 investors come together to start BitAngels, the first multi-city angel network and incubator created to invest exclusively in cryptocurrency startups. Led by founder David A. Johnston, SocialRadius and Marketwire founder Michael Terpin and angel investor Sam Onat Yilmaz, BitAngels is a distributed network of angels and entrepreneurs that came together a few days after the Bitcoin […]

Winklevoss Capital invests $1.5m in BitInstant


BitInstant, a New York City based startup that operates an online platform for buying and selling Bitcoins, raises $1.5 million in a seed funding round led by Winklevoss Capital. BitInstant’s full-time staff of 16 led by CEO Charlie Shrem processes approximately 30 percent of the money going into and out of Bitcoin, and last month alone facilitated 30,000 transactions. The Winklevosses […]

City Commissioner attacks Biter

On local radio Sarasota City Commissioner-elect Susan Chapman criticizes Biter: Jesse Biter is a newcomer.  He would do better and be more successful if he allied himself with a more experienced developer who knew about the history of this city. One person should not define the vision of a city. Biter responds: I’m going to […]

Homeland Security seizes U.S. Dwolla account

The US Department of Homeland Security (DHS) issues a warrant (document) to seize money from Mt. Gox’s US subsidiary’s account with payment processor Dwolla. The warrant suggests the US Immigration and Customs Enforcement (ICE), an investigative branch of the DHS, feels the subsidiary, which should have been licensed by the US Financial Crimes Enforcement Network (FinCEN), has been operating as an unregistered money transmitter in the […]

Takes on green energy critics

Forbes reports that despite failures Kleiner is not ready to give up on clean tech: I still believe deeply both in the promise and the profits that are going to come from green.” Five of the boards he serves on are green tech companies, Our aim isn’t to invest the most dollars or even to […]

CoinLab sues for $75m

Coinlab’s files a Federal lawsuit inWashington State. Coinlab alleging that Mt. Gox has breached a contract clause which was supposed to give Coinlab exclusive access to the North American market. The lawsuit states: Defendants have breached the exclusivity provisions of the Agreement by directly servicing customers in the United States and Canada since the Agreement […]