Tag Archives: warren Buffet

Bitcoin Shop Appoints Alliance Investors – Plus Other News

bitcoin shopBitcoin Shop, Inc. (www.bitcoinshop.us), the virtual currency ecommerce marketplace, today announced the appointment of Alliance Advisors as its investor relations firm. Located in New York City, Alliance Advisors is a comprehensive investor relations, market intelligence, corporate communications and strategic consulting services firm that has represented well over 300 United States publicly listed companies located in the Americas, Asia, and Europe.

Read the full article here: http://uk.finance.yahoo.com/news/bitcoin-shop-appoints-alliance-advisors-130000244.html.

Bitcoin Bugs Invest in China Bitcoin Exchange

Despite China’s recent crackdown, the bitcoin cryptocurrency has been given a new lease of life in the world’s second largest economy.

The company that claims to be China’s largest Bitcoin exchange by volume┬áhas announced a $10m Series A funding round. Venture Capital firm Ceyuan led the way and was followed by Mandra Capital, Ventures Lab and a string of other Angel investors.

This amounts to one of the largest cases of Bitcoin financing so far. Recently OKCoin became China’s first virtual currency trading platform.

You can read the full story here: http://uk.finance.yahoo.com/news/bitcoin-bugs-invest-10m-chinas-largest-exchange-125415569.html.

Warren Buffet Says Bitcoin Has No Itrinsic Value

US billionaire Warren Buffett said bitcoin is an effective money transmitter without any intrinsic value and warned people to “stay away from it”.

During an interview with CNBC, the CEO of Berkshire Hathaway compared the popular digital currency to a “very fast money order.”

“It’s a mirage basically, it’s a method of transmitting money, it’s a very effective way of transmitting money and you can do it anonymously and all that… a cheque is a way of transmitting money, too. Are cheques worth a whole lot of money?” he said.

However, he admitted that bitcoin is a promising technology.

You can read the full story here: http://uk.news.yahoo.com/bitcoin-very-fast-money-order-without-intrinsic-value-090822277.html#gkadHIq.

Nakamoto Denies Bitcoin Involvement

The man Newsweek claims to be the father of Bitcoin has issued an unconditional denial that he had anything to do with the creation of the cryptocurrency, reports Reuters Felix Salmon.

The American magazine claimed the 64-year old Dorian Satoshi Nakamoto was the same person as Satoshi Nakamoto who invented Bitcoin.

Nakamoto has denied any involvement with the bitcoin digital currency and said the allegations had damaged his career prospects and led to confusion as well as stress for members of his family.

You can read the full story here: http://uk.finance.yahoo.com/news/nakamoto-unconditionally-denies-newsweek-bitcoin-story-090403355.html.