BitDigest: Finally! The FREE Bitcoin Weekly Digest is here!

"Key Market Observations, Latest Bitcoin News, Community News, Trend Analysis, Bitcion Statistics and Charts"

Signup in ONE STEP to receive weekly updates on what's happening in the Bitcoin world.

BitDigest - Nov 12, 2013

 

BitDigest - Nov 12, 2013

 

KEY OBSERVATIONS

  • Today, a Singapore based digital currency exchange itBit, announced their official launch and the completion of their second round of funding. The company successfully raised a total of 5.5M USD with the most recent round of 3.25M to fund the expansion of its operations. The recent round was funded by Canaan Partners, RRE Ventures, Liberty City Ventures and notable angel investors including Jay W. Jordan II and Ben Davenport.
  • “itBit is the first bitcoin exchange built on global equities exchange standards, therefore offering a new level of professionalism, reliability and security to bitcoin trading, itBit will also aim to raise the overall liquidity of bitcoin in the market.” CEO Rich Teo and CTO Jason Melo of itBit told CoinDesk. The exchange operates as a traditional currency exchange with a central limit order book. It also offers wallet capabilities, allowing traders to store and access their bitcoin directly and conveniently on the platform. The platform can be accessed directly at www.itbit.comworldwide by institutional investors, commercial businesses and retail investors.
  • The US Senate Committee on Homeland Security and Government Affairs has set Nov 18th as the date for its hearing into bitcoin and other cryptocurrencies. According to a post on the Bitcoin Talk Forum, several people representing bitcoin interests have been invited to testify, including members of the Bitcoin Foundation. The hearing will feature two separate panels, one representing US law enforcement agencies and another representing bitcoin, extolling the virtues of digital currencies. Several commenters on the Bitcoin Talk forum questioned the need for bitcoin community cooperation with government and the willingness to offer up information on bitcoin’s inner workings.Others stressed that, while bitcoin itself is decentralized and independent, to function in the real-world economy it also needs to integrate with widely-used (and regulated) infrastructures and fiat currencies.
  • Bitcoin is surging in China. It seems the Chinese are willing to pay premium prices for their bitcoins, as exemplified by the recent breakout, with reports that much of the recent surge in the value of bitcoin can be attributed to the enthusiasm of Chinese traders. Finextra recently reported that Chinese IT giant Shanda’s real estate development arm is offering its new apartments in exchange for bitcoin as part of a new promotion in ZhangJiang Hightech Park, Shanghai. This is an example of how bitcoin can be applied to any industry. However, there aren’t many businesses in China that accept bitcoin yet, it is still largely a vehicle of investment and speculation.
 
 

MARKET PRICE (Drag & Release to View Larger Image)

10 DAY PRICE: Nov 2, 2013 - Nov 12, 2013
60 DAY PRICE: Sept 12, 2013 - Nov 12, 2013

NEWS

Like
Tweet
Share
+1
Forward to Friend
Visit BitData.com
You're receiving this because you subscribed to announcements and newsletters from BitData.

We are interested in your feedback!
Email: info@bitdata.com if you have questions or comments.

Unsubscribe  |  Update Preferences  |  Copyright © 2013 BitData.com  All Rights Reserved.

 

  • P
  • P
  • P
  • P
  • P
  • P
  • P
  • P
  • P
  • P
  • P
  • P