Cameron and Tyler Winklevoss, the Internet entrepreneurs perhaps best known for their associations with Facebook and Bitcoin, are the latest techies to leap into the art world. This week, the twins’ Winklevoss Capital announced an investment round inPaddle8, a New York-based art auction house known for their high-profile charity events including a recent Faberge Egg auction. Paddle8 has flirted publicly with the use of Bitcoins for art transactions in the past and is one of the more tech-savvy of the online auction houses looking for a piece of the international market. Winklevoss Capital declined to discuss the specifics of the investment but said it was their first in the art or auction arenas.
I've warned people repeatedly about the fact that regulators are not our friends -- so the onerous proposal came as no surprise. Many Bitcoiners seemed shocked and caught off guard that the proposal could be so unrealistically strict. Some examples include Bitcoin companies being unable to retain profits in Bitcoin, requirements that small startups hire expensive compliance personnel, requirements that inventors and programmers obtain a license before creating new alt coins, rules which would essentially end mining etc. The regulations are at the core a thinly veiled ban of Bitcoin in New York.
BANGALORE: After major setbacks, bitcoinusers in the country are trying to revive the crypto currency feted by geeks as the future of money and reviled by regulators as the currency of the underworld. Among them is Mohit Kalra, 23, the son of Delhi-based businessman Sanjeev Kalra, who has launched a bitcoin startup with long time Bitcoiner Benson Samuel in Bangalore.
Back in early December last year, we heard that people in the Channel Island of Alderney had been working on the idea of producing physical Bitcoins, as part of their grander plan to reinvent the British crown dependency as a global hub of digital currency. Since then, things have been rather quiet with no follow-up since the initial report.
Many people have remarked that Bitcoin resembles the internet in the early 90s: we haven’t yet built the Googles that will make it accessible or the Facebooks and Netflixes that will make it broadly useful. So it’s an open question: what might a Bitcoin that’s useful for the mainstream look like?
CoinDesk TNABC Day 1: Bitcoin Industry Seeks Plan of Attack for US Regulation CoinDesk Day one of the North American Bitcoin Conference in Chicago kicked off with the surprise debut of the Chamber of Digital Commerce plus a new bitcoin-focused...
Sierra Leone Fashion Company Brings Bitcoin to West Africa CoinDesk In Freetown, Sierra Leone, an ethical fashion accessories company called Bureh is taking the first step in creating a bitcoin economy for sub-Saharan Africa by accepting bitcoin...