News and Press
Coinbase raises $100M at a $1.6B valuation amid explosive growth
"Coinbase has raised $100M in Series D funding led by IVP, with participation from Spark Capital, Greylock Partners, Battery Ventures, Section 32 and Draper Associates."
Bitcoin User Base Surges, Coinbase Adds 1 Mln Users in 1 Month
Bitcoin wallet and trading platforms are experiencing an explosive growth in their user bases
Coinbase CEO Claims The Company Saw 40,000 User Registrations in one day
Now that the company enabled Ethereum as well, more growth will occur over the years.
Coinbase adds support for Litecoin
Coinbase has just rolled out full support for Litecoin, its third cryptocurrency.
Coinbase is Planning to Launch an Ethereum Messaging App
Coinbase is reportedly launching a new subsidiary brand focusing on secure messaging and blockchain-enabled payments, its chief executive said in online statements today.
Coinbase gets NYDFS green light to offer Ethereum and Litecoin trades
Financial Services Superintendent Maria T. Vullo today announced that the New York State Department of Financial Services (DFS) has approved the application of Coinbase, Inc., a wholly owned subsidiary of Coinbase Global, Inc., to offer Ethereum and Litecoin for New York customers.
Popular Bitcoin Wallet & Exchange Coinbase Hits 6 Million Users
Coinbase, the prominent San-Francisco based bitcoin and ethereum wallet provider and platform founded in 2012, has recently hit 6 million users, a new milestone for the company. Coinbase claims to have over 13 million wallets, serving 45,000 different merchants and 9,000 developer apps.
Top 6 Bitcoin Companies Based on VC Funding
The world of bitcoin and blockchain has attracted a lot of money over the past few years.
Why Coinbase’s Cofounder Is Moving On
Five years after co-founding Coinbase, one of the most well-funded Bitcoin ventures, Fred Ehrsam has decided to leave the company.
Coinbase to add support for more cryptocurrencies in 2017
Leading digital currency company Coinbase has announced that it will support more cryptocurrencies in 2017, in a bid to become a digital currency company not just a bitcoin company.
Coinbase Seeks Patent for Bitcoin Private Key Security System
Bitcoin and ether exchange startup Coinbase is seeking a patent for a security system for bitcoin private keys.
Jumio adds facial recognition, enables Coinbase, releases mobile banking study
Jumio has added biometric facial recognition capabilities to its digital ID verification technology, Netverify.
Behind the Redesign and Reinvention of Coinbase
Despite Bitcoin’s failure to achieve its initial promise as quickly as early enthusiasts expected, Coinbase, a digital money startup based in San Francisco, has continued to chug along, attempting to find its footing in a market defined less by everyday consumers than by speculators and aficionados.
Coinbase Finally Completed Their Ethereum integration
It has been a long time in the making, but Coinbase has finally integrated support for Ethereum.
Coinbase customers in Europe can now buy digital currency on mobile using debit and credit cards
Bitcoin exchange operator and service provider Coinbase has just announced that customers in Europe can now buy digital currency on their mobile phones using a credit or debit card.
Amazon-Owned Twitch Re-adds Bitcoin Payments Using Coinbase
Twitch, an Amazon-owned live streaming video platform which integrated Bitcoin back in August 2014, has began to offer Bitcoin as a payment option again using the Coinbase payment processing gateway since August 21, 2016.
Bitcoin Exchange Coinbase Is Focused on Merchants
Bitcoin service provider and digital currency exchange Coinbase has taken the lead on this and has recently announced a range of additions to their service specifically aimed at providing merchants the tools they need to make accepting bitcoin more attractive.
Coinbase is adding support for Ethereum
The writing was on the wall for some time. In May, Coinbase co-founder Fred Ehrsam published a post on Coinbase’s blog titled Ethereum is the Forefront of Digital Currency. Around the same time, Coinbase added support for Ethereum trading to GDAX, its online professional cryptocurrency exchange.
Bitcoin Exchange Coinbase Adds Paypal Support
Bitcoin wallet and exchange Coinbase has revealed new funding methods – PayPal and credit cards, to further enable digital currency transactions and swaps in its exchange. The support for the two new funding mechanisms is currently in beta.
Coinbase Co-Founder Fred Ehrsam on Two Key Roadblocks to Bitcoin’s Mainstream Moment
Coinbase co-founder Fred Ehrsam recently appeared on the 1776 Podcast, where he was asked about the adoption of Bitcoin in the United States and international markets.
What Is Bitcoin Exchange Coinbase's Vision, Mission & Strategy?
Brian Armstrong took to Medium to elaborate upon the Coinbase mission. The 100 person company, Armstrong notes, had grown too large for them to communicate daily with all of their employees, and therefore “we decided to craft a clear vision, mission and strategy for the company.”
USAA teams with Coinbase for Bitcoin
The United Services Automobile Association (USAA), a financial services group, has partnered with Coinbase to give Bitcoin usage a timely boost. Late last year, USAA launched a Coinbase pilot program, which allowed select USAA employees and members to view their Coinbase accounts on the USAA website and mobile app.
Coinbase Initiaties Bitcoin Purchase through US Debit Cards
Coinbase has announced the beta launch of a new feature that will facilitate the purchase of bitcoin(s) instantly with US-based debit cards. The feature is already available for European users of Coinbase who have the means to buy the cryptocurrency through credit and debit cards.
Coinbase Integrates Bitcoin Classic
The San Francisco-based digital currency exchange, Coinbase, has informed that it is going to incorporate Bitcoin Classic nodes. The news was revealed by the company’s CEO Brian Armstrong through his Twitter account.
How to Use Bitcoin for Uber
At the end of 2015, for the first time ever, it became possible to ride Uber for Bitcoin. This was made possible with Coinbase’s Shift Card. The Shift Card allows you to spend bitcoins like regular debit or credit. It costs $10 to receive, with fees similar to a regular debit card.
Coinbase Shift Card to Enter More U.S. States
Coinbase introduced Shift Card – the first US-issued bitcoin debit card, built with the Coinbase API – in November last year.
Coinbase: International Users Became Majority in 2015
One of the more notable highlights is its successful expansion beyond the US. Coinbase moved into Europe not much more than a year ago. Now, the company reports, the majority of its users reside outside of the US. The proportion of international users grew from 44% to 51% during 2015. The fastest growing markets are Brazil, the Philippines, and Indonesia.
Coinbase On The ‘Killer App’ Phase of Bitcoin
The PYMNTS team caught up with experts in the payments field to ask them their views on industry trends, predictions for the future and what their ideal payments system looks like. Here’s what Adam White, Vice President and Product Manager at Coinbase, had to say.
Coinbase Seeking to Expand Bitcoin Services to Latin America
Coinbase is seeking to expand its bitcoin buying and selling services to new Asian and Latin American markets in 2016. In interview at Money20/20, product manager Adam White indicated that the startup, which has so far raised more than $106m in venture funding, aims to be operational in 40 countries next year, and that these regions would be primary areas of focus.
Coinbase Receives Overwhelming Response for 90-Day USAA Bitcoin Pilot
Just hours after announcing that the Texas-based diversified financial services group USAA has in partnership with Coinbase, launched a pilot that allows a randomly selected, limited group of USAA members to view their bitcoin balance on USAA.com and the USAA mobile app, the Bitcoin wallet and instant exchange company has received an overwhelming number of requests from unselected USAA members. The pilot was initially rolled out to USAA employees in September.
Coinbase Makes 'Instant' Bitcoin Buying Available in 26 Countries
Coinbase has announced customers across 26 countries can buy bitcoin "instantly" from today.
Coinbase Expands to Singapore
Coinbase has added Singapore to the list of countries where you can buy and sell bitcoin using their platform. This is Coinbase’s first foray into Asia and it will allow users with Singapore Dollars to buy bitcoin.
While Other Companies Leave NY, Coinbase Submits BitLicense Application
This week, one of the world’s largest Bitcoin services and wallet providers Coinbase became the 25thcompany to file for a BitLicense, which is expected to cost more than $100,000 in legal and compliance fees, according to Bitstamp Executive Vice President and chief legal officer George Frost
Coinbase Bitcoin Wallet Launched New Version of iOS App
Bitcoin wallet Coinbase has been sharing its latest set of updates on its blog, among which include a new version of its iOS app. This update contained Identity Verification, Instant Exchange, and bug fixes. Aside from that, the company has also been able to expand operations in Romania, allowing the wallet to offer services in 26 countries.
Improving Equity Compensation at Coinbase
Today we’re announcing a change to our stock option program that will have a huge impact on how future Coinbase employees are compensated. We’ve extended the post-termination option exercise window from the standard 90 days to seven years for new employees who join and stay at least two years.
Bitcoin Company Coinbase Launches Instant Exchange to Eliminate Volatility Risk
Bitcoin wallet service provider Coinbase today announced the launch of Instant Exchange, a feature that will enable users to transfer Bitcoin while eliminating the risks associated with price fluctuations.
Top bitcoin exchange Coinbase poised to open in UK
One of the world's biggest digital currency markets is in talks with financial watchdogs about setting up a regulated bitcoin exchange in Britain.
Google Now App Offers Coinbase Support for Android Users
Google has added Coinbase support to their Google Now app, enabling Android users to receive updates about Bitcoin price fluctuations and other information about their Coinbase accounts in a card on their phone.
Coinbase is Opening the First Regulated Bitcoin Exchange in the U.S.
Fresh from scoring a massive $75 million funding round, bitcoin payment firm Coinbase has revealed that it will open the first regulated bitcoin exchange in the U.S. on Monday.
Coinbase, a Bitcoin Start-Up, Raises $75 Million in Vote of Confidence
Coinbase, one of the most popular Bitcoin wallet providers, announced on Tuesday that it had closed a $75 million financing round, the biggest yet for a virtual currency start-up.
Coinbase's Brian Armstrong: Remittance, Micro Transanctions will be areas of focus in 2015
Earlier in November, CoinTelegraph had a chance to sit down with Brian Armstrong, the co-founder and CEO of Coinbase, to get his thoughts on how his company will continue growing and what customers can expect in the near and mid futures.
Coinbase workaround lets you pay with Bitcoin on Facebook
Bitcoin wallet Coinbase has figured out a workaround to help its users make purchases on Facebook and iTunes with Bitcoin. And it's teaming up with a company called RewardsPay to make that happen.
BitBeat: Coinbase Launches Tip Button
Coinbase is giving micropayments a try. The bitcoin-services provider on Tuesday unveiled its tip button, a product users install on their sites that encourages readers to "tip," to give a tiny amount of money for the material sites are producing.
Openfolio and Coinbase bring something that Bitcoin investing needs: transparency
You can now see who's investing in Bitcoin thanks to a new integration between Bitcoin wallet Coinbase and social investment platform, Openfolio, the company announced today.
Coinbase CEO Brian Armstrong Shares the Future of Bitcoin
Right after opening its doors to Europe, Coinbase co-founder and CEO Brian Armstrong joined Alex Wilhelm on stage today at TechCrunch Disrupt Europe to discuss the future of bitcoin. The conversation covered everything happening right now around bitcoin, from regulatory issues to bitcoin's price downfall, merchant adoption and new innovative bitcoin use cases.
Coinbase Gets Rid of ACH Fee; Coming Soon: 1% Flat Fee and Multi-Sig
Coinbase will soon be doing away with their $0.15 ACH fee on all buys and sells. The fifteen cent fee has long been a point of contention and Coinbase is making the move to bear the cost of interfacing with the legacy banking system themselves.
Senate Adviser Jumps to Bitcoin Start-Up Coinbase
The Bitcoin start-up Coinbase is bolstering its team as it seeks to deepen its engagement with regulators. The company, one of the most popular digital wallet providers, has hired John Collins, a former adviser to the Senate Homeland Security and Government Affairs Committee, as its head of government affairs.
Coinbase Leads Move to Bring Bitcoin to Masses
Brian Armstrong and Fred Ehrsam certainly look like the kind of guys who could help bitcoin recover from its wild years.
PayPal Announces First Partnerships in Bitcoin Space
PayPal has announced partnerships with the three largest payment processors in the bitcoin space - Bitpay, Coinbase and GoCoin. Though the online e-commerce pioneer stopped short of integrating bitcoin into its digital wallet or payment processing services directly, the move marks PayPal's first formal offering to the bitcoin community.
United Way Becomes Largest Nonprofit to Accept Bitcoin
Nonprofit United Way Way Worldwide announced today that it now accepts donations in bitcoin, becoming the latest charitable institution to adopt the digital currency into its operations. The US-based organization claims to be the largest privately held nonprofit in the world, raising more than $5 billion annually with more than 2.8 million volunteers, 9.7 million donors and community initiatives, and partnerships with such companies and organizations as the National Football League (NFL), Exxon Mobile, and General Electric.
Coinbase Extends Bitcoin Access to International Customers
Coinbase is taking its Bitcoin services to Europe in a move that could help expand the virtual currency's reach. The company, one of the most popular digital wallet providers, said on Wednesday that it was expanding to 13 European countries, including France, Italy and the Netherlands, by allowing those with authorized European bank accounts to buy and sell Bitcoins in exchange for euros.
PayPal's Braintree Embraces Bitcoin, One-Touch Payments
Nearly a year after PayPal acquired it in an all-cash $800 million deal, online and open payments platform Braintree is unveiling one-touch payments and is integrating Bitcoin.
Coinbase Offers $10 Worth of Bitcoin to AnyPerk Users
Coinbase announces it is partnering with AnyPerk.com, a company that works to provide employee perks to over 2,500 companies that include Salesforce, Groupon, and Etsy, to offer any existing AnyPerk users free access to $10 worth of bitcoin when they sign up with Coinbase.
Coinbase introduces Vault, for storing large sums
Coinbase has introduced Coinbase Vault, a more secure service that allows customers to store Bitcoins without the expertise required to set up cold storage on their own.
Dell starts accepting Bitcoin for online purchases from consumers and small businesses in the US
Dell announced it has started accepting Bitcoin for all items available on Dell.com (including Alienware products). The company says it is “piloting” the digital currency for consumer and small business shoppers in the US; presumably if the test goes well, the option will be expanded internationally.
Dell integrates Bitcoin payments on consumer, SMB sites in US
Dell announced Friday it has started to accept payments via Bitcoin for products available on Dell.com, including Alienware. Dell said it's accepting the cryptocurrency for consumer and small business shoppers in a pilot that partners the computer giant with the Bitcoin processor Coinbase.
Shopify allows merchants to accept Bitcoin via Coinbase
Shopify announced that the 100,000+ merchants using the e-commerce platform can now accept Bitcoin payments thanks to an integration with Coinbase’s merchant services.
Coinbase Adds New Type of Bitcoin Account, ‘The Vault’
Coinbase, one of the big bitcoin-services companies, has unveiled a new type of account for storing bitcoins, “the vault.” The new account, which the company describes on its blog, now allows users to have two different kinds of accounts: a “wallet” for day-to-day spending, and a “vault” for long-term storage of their wealth.
Forbes' 30 under 30 Futures Market: Fred Ehrsam, Coinbase
Fred Ehrsam | Coinbase - Created a PayPal-esque wallet for Bitcoin. He’s raised $31 million, and Coinbase is now used by 1.3 million consumers and is adding major merchants like Overstock.com, Google and Dish.
CNBC Disruptors in 2014: Coinbase
Coinbase, a 2-year-old company, operates an online service that allows users to buy bitcoin, store it in a digital wallet, and pay merchants with it. The San Francisco-based company is among a flurry of start-ups raising venture capital money to support the virtual currency.
Coinbase Tries to Give You a Reason to Buy Stuff With Bitcoin
Coinbase, the Andreessen Horowitz-backed company that helps businesses process bitcoin payments, is trying to make it easy for businesses to give discounts to shoppers who pay in bitcoin. The company is today unveiling a tool that automates the discount, so businesses can check a box to deduct, say, one percent or five percent from every single purchase made in bitcoin.
Coinbase Acquires YC-backed Collaborative Bookmarking Startup Kippt
Bitcoin exchange Coinbase announced that it acquired the team behind social bookmarking service Kippt and Inc, its business messaging product. Coinbase and Kippt were both part of the same Y Combinator class in 2012.
Coinbase Acquires Kippt Team
Coinbase announced its acquisition of the Kippt team. Kippt is a startup that focuses on “finding, reading, storing, searching and sharing information on the web.” The move seems to signify an effort to bring cleaner, easy-to-use user interfaces for Bitcoin applications.
Five Companies to Watch from Finovate
Coinbase describes itself as the largest bitcoin platform for merchant payment processing. Based in San Francisco, it handles bitcoin payments for 28,000 merchants, and arrived at Finovate with the goal of convincing more retailers to accept the digital currency.
Facebook's Security Director joins Coinbase
Ryan McGeehan has recently announced on Facebook that he is leaving his role at Facebook as its Director of Security Incident Response, and taking up a security-related role at Coinbase.
Coinbase's Fred Ehrsam says you're thinking about Bitcoin all wrong
Bitcoin was a big topic of conversation at South by Southwest, especially after Newsweek’s cover story on the identity of the mysterious Bitcoin inventor Satoshi Nakamoto. At SXSW, Ehrsam explained why this is irrelevant to the future of Bitcoin. He said he thinks 2014 will see a critical mass of merchants wanting to get into Bitcoin, so now it’s just a matter of time before regular people get on board with the early adopters, miners, libertarians, and geeks.
Coinbase co-founder Brian Armstrong named to Business Insider's "Coolest People in Tech"
Brian Armstrong and his Bitcoin startup, Coinbase, were the recipients of high-profile VC Fred Wilson's first investment in nearly two years. In December, Coinbase raised a $25 million Series B round from Andreessen Horowitz and added partner Chris Dixon to its board.
After partnering with Coinbase, Overstock.com passes $1 million in sales generated from Bitcoin orders
The retailer partnered with Coinbase on January 9 to let consumers purchase items with the digital currency, meaning the milestone was achieved in less than two months.
Coinbase passes 1 million consumer wallets
Coinbase today announced a new milestone: over 1 million consumer wallets, up from just 13,000 at the start of 2013.
Mint integrates with Coinbase, so you can track Bitcoin with the rest of your finances
Personal finance app Mint is integrating with Bitcoin wallet service Coinbase, so bitcoin currency owners can quickly track how much their stash is worth and compare this value to their other financial accounts.
Coinbase announces bitcoin merchant integration with Overstock.com
Overstock.com is now accepting payments in bitcoin, making it the first major online retailer to embrace the increasingly popular but controversial digital currency. Coinbase runs a system that manages bitcoin transactions, not only for businesses like Overstock, but for about 750,000 individuals.
Coinbase co-founder Fred Ehrsam named to Forbes 30 under 30
As Bitcoin gradually becomes a mainstream phenomenon, Coinbase is trying to make it easy to use. The former Goldman Sachs currency trader is attempting to build "the PayPal for Bitcoin."
Coinbase Launches Point-of-Sale App to Let Physical Retailers Accept Payment in Bitcoin
Coinbase, the Bitcoin digital wallet service that recently raised a hefty $25 million, is upping its focus on merchants after it released its first stand alone point-of-sale app to allow retailers to accept payment via Bitcoin on a mobile device.
$25M in Financing for Coinbase
Andreessen Horowitz, a leading venture capital firm, announced on Thursday that it had led a $25 million fund-raising round for Coinbase, a Bitcoin start-up in San Francisco that aims to help virtual currencies gain mainstream acceptance.
Bitcoin Startup Gets $25M in Andreessen-Led Funding Round
Coinbase Inc., a provider of online Bitcoin accounts and transaction services, raised $25 million in funding led by Andreessen Horowitz.
Andreessen Horowitz Buys Into Bitcoin Boom
Andreessen Horowitz is buying into the growing market for bitcoins. The prominent Silicon Valley venture capital firm co-led by Marc Andreessen, the Netscape co-founder, is investing about $20 million into Coinbase, which provides "wallets" for the digital currency.
Bitcoin Start-up Raises $25M Venture Capital Funding
Coinbase, a start-up that lets people trade Bitcoins, has raised $25m (£15m) in venture capital funding - the largest by a Bitcoin start-up.
With $25M Bet, Silicon Valley Officially Claims Bitcoin as Its Own
What is the center of the Bitcoin universe? With a completely decentralized digital currency like Bitcoin, it’s hard to say, but today, Silicon Valley took a serious step toward claiming those bragging rights.
Coinbase Raises Largest Bitcoin Funding to Date
Bitcoin’s price may be rising and falling day-by-day, but the virtual currency remains a hot topic for the tech industry and investors. Reflecting optimism in the space, Coinbase — a popular Bitcoin wallet service — has closed its $25 million Series B round led by Andreessen Horowitz.
Coinbase to Push Bitcoin From Commodity to Currency, With $25M From Investors
With Coinbase Inc. raising $25 million from Andreessen Horowitz and others, it’s not only the largest venture round on record for a Bitcoin startup–according to Dow Jones VentureSource; it’s actually more than all venture capital invested into all Bitcoin startups combined during the past 15 months.
Andreessen Horowitz Funds BitCoin Startup
Coinbase, a provider of online bitcoin accounts and transaction services, raised $25 million in funding led by Andreessen Horowitz.
Bitcoin Business Coinbase Raises $25M in Funding
San Francisco bitcoin startup Coinbase raised $25 million in its latest fundraising round, the largest amount ever raised by a company involved with the digital currency.
Coinbase Raises $25M Led By Andreessen Horowitz To Build Its Bitcoin Wallet And Merchant Services
Coinbase has raised $25 million in a Series B round led by Andreessen Horowitz in the largest funding to date for a company focused on the Bitcoin digital currency. Existing investors Union Square Ventures and Ribbit Capital also participated.
Coinbase co-founder Fred Ehrsam named to Time 30 under 30
A former Goldman Sachs trader, Fred Ehrsam left Wall Street to co-found Coinbase, an online payment system with the stated mission of making bitcoin, an unregulated and increasingly popular form of digital currency, easy to use. The company, with roots in the Y Combinator startup incubator, now processes bitcoin payments for the likes of OkCupid and Reddit.
Black Friday: A Chance for Bitcoin to Get Some Mainstream Love
Coinbase, one of the largest U.S.- based Bitcoin exchanges and a Bitcoin Black Friday sponsor, will be waiving its transaction fees on Friday. The exchange, which has raised more than $6 million of investment capital from major Silicon Valley players, usually charges a 1 percent fee for buying and selling bitcoins.
Bitcoins: What Are They Worth? No One Knows, But Here’s How To Buy One
The exuberance surrounding the bitcoin is back. The digital currency soared to a new record high today, hitting $675 after trading in the $400s only yesterday. So how can you get in on the action if you want to invest in this highly volatile currency? Jordan Wathen of The Motley Fool say for U.S. investors, it’s as easy as opening up an account with Coinbase.
Coinbase aims to become the Gmail of bitcoin
Brian Armstrong, CEO of Coinbase, is a hard man to track down. It took CoinDesk months to get him on the phone. “Things have been busy!” he said. No wonder. Armstrong is leading the charge to make bitcoin a mainstream currency. His firm specializes in services that make it easy to use.
COINBASE MAKES BITCOIN BUYING MORE ACCESSIBLE WITH "INSTANT PURCHASES"
The purchase of virtual currency Bitcoin has slowly become easier over the years, and now the Bitcoin wallet service Coinbase has added the ability to “buy up to 50 Bitcoins instantly” for verified accounts.
COINBASE OFFERS NEW ID CHECKS FOR HEAVY, IMPATIENT BITCOIN USERS - BUT WHY?
All users of the Bitcoin exchange and wallet outfit Coinbase have to identify themselves to a degree, but those wanting to buy higher volumes at high speed now have to go through a fuller ID check.
OKCUPID PARTNERS WITH COINBASE TO BECOME THE LATEST WEB SERVICE TO SUPPORT BITCOIN
The newest addition to the growing list of companies to support Bitcoin — which includes Reddit, Mega, WordPress.com, Expensify, Namecheap, the Internet Archive, and countless others – the dating site has partnered with Y-Combinator-backed Coinbase, a platform for buying and selling the digital currency, to expand its payment options.
REDDIT STARTS ACCEPTING BITCOIN FOR REDDIT GOLD PURCHASES THANKS TO PARTNERSHIP WITH COINBASE
Coinbase scored a huge partnership today, as social discovery and discussion site Reddit has just launched an integration that allows its users to pay for “Reddit Gold” using bitcoin with Coinbase’s system.
Y COMBINATOR-BACKED COINBASE NOW SELLING OVER $1M BITCOINS PER MONTH
Customers of Coinbase, a platform for buying and selling the digital currency, have bought or sold more than $1 million worth of Bitcoins in the past 30 days.
Y COMBINATOR'S SPRING 2012 DEMO DAY: NO FUNDING TALK IN PITCHES, BUT PLENTY OF FUNDING INTEREST
Incubator Y Combinator held its fifteenth Demo Day for its latest batch of 75 companies to pitch to investors Tuesday.
BITCOIN PRICE SOARS ABOVE $9 FOR THE FIRST TIME IN ALMOST A YEAR
The price of Bitcoins surged this week, rising above $9 for the first time in almost a year. The increase suggests growing public interest in the peer-to-peer cryptocurrency. Last month, we marked the one-year anniversary of the Bitcoin bubble popping. We noted that after plunging for the last six months of 2011, the price of Bitcoin had begun to stabilize around $5. But almost as soon as we published that article, the currency began appreciating rapidly. Today, one Bitcoin is worth about $9.20—a 40 percent increase in a month.
BETTING ON BITCOIN: COINBASE WANTS TO BE THE PAYPAL OF INTERNET-ONLY CURRENCY
Does an Internet-only currency — not backed by any government entity — have a chance to become the way merchants and consumers transact business? Coinbase not only believes so, but it has talked investors into giving it some start-up capital to build a much easier way for nontechnical users to pay with Bitcoin.