Coinbase’s co-founder hints more major retailers are getting ready to accept Bitcoin

Overstock and TigerDirect were just the first ones in a list of big online retailers that will accept cryptocurrency. The forecast was made by Fred Ehrsam, co-founder of the Bitcoin exchange and wallet service Coinbase, in New York. The city hosted two hearings regarding the current status and possible regulation of digital money and Fred Ehrsam was …

Californian dealership sells its first Land Rover for Bitcoin

All it took was a request made by a prominent Silicon Valley venture capitalist who wanted to buy a new car using cryptocurrency. After the solicitation, the Land Rover Redwood City dealership, in California, decided to sell its first vehicle for Bitcoin. “Realizing we need to be ready to accept change in this constantly broadening virtual community, we …

Scandinavia’s biggest foreign currency trader and bank say ‘no’ to Bitcoin

The Skandinaviska Enskilda Banken AB (SEB AB), widely known as the largest Nordic trader of foreign currencies, is rejecting every request to set up accounts related to Bitcoin management and trading. The institution fears the cryptocurrency held by clients might be used or linked to criminal activities. The Sweden-based bank, whose headquarters are located in Stockholm, …

Charlie Shrem resigns from Bitcoin Foundation after paying $1 million to get out of jail

BitInstant’s CEO, who was recently arrested on charges of money laundering connected to the Silk Road bust, was released this Tuesday (28) after paying a $1 million bond, the value defined by the judge after Charlie Shrem’s first appearance in court. In the meantime, the suspect announced he was resigning from the Bitcoin Foundation’s board …