Bitcoin Millionaires Become Investing Angels

Early investors in Bitcoin got rich. Now they are the cryptocurrency’s most powerful gatekeepers. Every time you spend bitcoins to buy a drink at Evr, a swanky bar in midtown Manhattan that accepts the digital currency, you make its co-owner, Charlie Shrem, a little bit richer. And that’s not only because a chamomile sour costs…

Silicon Valley Notables Invest in Korea’s Largest Bitcoin Exchange

MIke Caldwell mints physical versions of bitcoins in his shop in Sandy, Utah, on April 3, 2013.Image: Rick Bowmer/Associated Press South Korea has been one of Bitcoin’s quieter markets in terms of media coverage, but that could change now that several prominent Silicon Valley investors have provided seed funding to Korbit, a Korean bitcoin startup….

Square Now Accepts Bitcoin for Its Online Marketplace

Image: Square Bitcoin enthusiasts now have a new place to shop. Square announced on Monday that it has begun accepting the cryptocurrency as a form of payment on its online marketplace. Shoppers can opt to “Pay with Bitcoin,” which generates a bitcoin address attached to the order. Merchants, according to Square, are effectively insulated from…

Google Glass App Lets You Pay With Bitcoins — and Skip the Line

Two of the most-hyped technologies of 2013 merged this week with the introduction of GlassPay, a Google Glass app that lets you pay with Bitcoins. The app, from RedBottle Design, lets consumers scan a UPC of a product in store, assemble a virtual shopping cart and then complete payment with Bitcoins. After that, they can…

Mediabistro Editorial Assets Acquired by Prometheus Global Media for $8 Million

A general view at The Hollywood Reporter & Jimmy Choo Celebration of the Most Powerful Stylists in Hollywood, on Wednesday, March 12, 2014, in West Hollywood, Calif.Image: ohn Shearer/Invision for The Hollywood Reporter/Associated Press Job search/media site Mediabistro has reached an agreement to be sell its editorial properties for $8 million to Prometheus Global Media,…

Bloomberg’s Terminal Will Now Track Bitcoins

Financial professionals work at stations on the floor of the New York Stock Exchange in the middle of the trading day May 20, 2010 in New York City. Image: Chris Hondros/Getty Images The dollar, the yen, the peso, the ruble and … Bitcoin. The Bloomberg terminal, the financial services computer system that dominates Wall Street,…

Etsy’s CEO Talks New Policies, New York’s Tech Scene And “Silicon Valley”

Chad Dickerson spoke at length with BuzzFeed about Etsy allowing vendors to use outside production, why New York’s tech industry is alive and well, and why he loves HBO’s Silicon Valley. View this image › Etsy Etsy has built a massive business in the trafficking of whimsy — growing into a $1 billion-plus business since…

Mt. Gox to Open Call Center for Disappearing Bitcoin Questions

Image: Flickr, antanacoins Mt. Gox has about 400 million dollars worth of clients’ questions to answer, and it will attempt to do so by opening a call center. The company said the call center would open Monday at 10 a.m. Japan time (Sunday at 8 p.m. ET) in an update posted its website Sunday morning….

Popular Bitcoin Exchange Shuts Down After Attack

Bitfloor, the largest Bitcoin exchange market in the U.S., is temporarily halting trading until further notice after an attack on its system. The hackers walked away with 24,000 Bitcoins — valued at $250,000 based on current trading levels. If you’ve ever dabbled in online gaming cash shops, you may be familiar with Bitcoin. Essentially, the…

Bitcoin Rumor Mill: Another Mt. Gox Hack

Bitcoin Exchange company the Mt. Gox CEO Mark Karpeles attends at a news conference on Feb. 28, 2014 in Tokyo, Japan. Image: The Asahi Shimbun Keeping up with the latest Bitcoin drama can be a time-consuming proposition. The cryptocurrency world has been riddled with considerable disarray since the collapse of the former most popular Bitcoin…