Blockchain Security Firm BitGo Raises 42.5 Million in Series B Funding

Blockchain, Investing, News | December 12, 2017 By:

Blockchain security company BitGo has raised $42.5 million in a Series B funding round, led by Valor Equity Partners. The round also saw the participation of Chicago-based trading firm DRW, David Sacks and Bill Lee.

The company said the funds will be used to expand its business outside the US to help more companies dive into the nascent digital coin market.

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Craigslist Allows Sellers To Accept Cryptocurrency Payments

News, Now Accepting | December 11, 2017 By:

Classified advertisements platform Craigslist has added a new feature which lets sellers indicate if they accept cryptocurrency payments.

The change was discovered by a Reddit user on December 8 in the “posting details” section of the Craigslist seller’s page. The service listing page for merchants included a checkbox to allow ad listings to specifically note that cryptocurrency payments are acceptable.

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Crypto Exhanges Monitored By Australian Financial Intelligence Agency

News, Regulation | December 11, 2017 By:

The Australian government has passed a new law that would regulate the activities of digital currency exchange service providers in the country.

The Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2017, first filed with the Australian parliament in August, expands the scope of the Act to include regulation of digital currency exchange providers;

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Bitcoin Dispute, Singapore’s First, Heads to Trial

Crime, News | December 7, 2017 By:

Singapore’s first cryptocurrency-related legal dispute will soon head for trial at the Singapore International Commercial Court (SICC). The legal dispute is between cryptocurrency liquidity provider B2C2 and Tokyo-based cryptocurrency exchange operator Quoine.

In July, B2C2 sued Quoine for allegedly wrongfully reversing transactions. B2C2 said that on April 19 it paid 309.2518 ethers for 3092.517116 bitcoins,

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