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Look Who Thinks Bitcoins Won’t Keep Losing Value Until They’re Totally Worthless (Vikram Pandit)

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The less bitcoins are worth, the more people want to invest real money with people doing business in the fake stuff. And what people, too: The New York Stock Exchange! And Vikram Pandit!

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….

Fred Ehrsam, a co-founder of Coinbase, sounded an equally optimistic tone. “Investors still have a pretty high conviction on Bitcoin despite what the spot price of Bitcoin is doing,” he said. “This really is people putting their money where their mouth is in terms of betting on Bitcoin as a technology trend.”

Coinbase, a Bitcoin Start-Up, Raises $75 Million in Vote of Confidence [DealBook]



Mike Novogratz Totally Knew Bitcoin Would Lose Money. Just Not, Like, Quite This Much Money.

Also, he’s not the Messiah. He’s just a very disappointed boy.

silver bars

Degenerates Distracted By Shiny Objects

So this whole Reddit bubble thing is still happening, just elsewhere.

By AntanaCoins (Own work) [CC BY-SA 3.0], via Wikimedia Commons

Fake Currency Exchange Acquires Actual Broker-Dealer License

Coinbase is going straight for some reason.