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Be Vigilant on Compliance, Coinbase Warns Bitcoin Startups

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One of the largest players in bitcoin has warned fledging startups to remain vigilant on regulatory compliance issues.

Coinbase‘s associate counsel Sarah Hody urged entrepreneurs to follow the firm’s “proactive” stance in front of a packed audience at bitcoin developer meetup in San Francisco’s South of Market district.

Hody, who worked at several different law firms prior to joining the cryptocurrency space, noted that a number of other sectors, including food services and the automotive industry, have regulatory bodies that ensure consumer protection.

Continue reading at CoinDesk

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MIT’s First Digital Currency Director Talks Taking Bitcoin Mainstream

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Screen Shot 2015 05 01 at 4.54.09 PM MITs First Digital Currency Director Talks Taking Bitcoin Mainstream“If you would have explained Uber or Lyft five years ago, you would have had to explain it as digital hitchhiking, because that’s what it was.”

That analogy, according to newly appointed MIT Digital Currency Initiative director Brian Forde, illustrates where bitcoin and the blockchain are today – struggling for a more colloquial definition that may only come when the technology delivers a consumer experience that communicates its societal value.

Uber and Lyft, he noted, have since gone on to build a trusted system of background checks, ratings and payments that mainstreamed their services into culturally acceptable modes of transportation.

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Bitcoin in the Headlines: Media Ga-Ga for Goldman Sachs

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Bitcoin in the Headlines is a weekly look at global bitcoin news, analysing media and its impact.

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Ever-hungry for product launches and splashy funding rounds, the mainstream media was sent into a frenzy this week as Circle announced the closure of its $50m round and Coinbase confirmed it was expanding across the pond to the UK.

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Hollywood Studio Lionsgate Films in Talks to Accept Bitcoin

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5f90Screen Shot 2015 04 30 at 7.25.49 PM Hollywood Studio Lionsgate Films in Talks to Accept Bitcoin

Lionsgate Films, the production studio behind titles such as The Hunger Games and Divergent, has entered into a partnership with digital currency payments processor GoCoin.

First announced by GoCoin CEO Steve Beauregard at Inside Bitcoins New York, the deal was confirmed by Lionsgate senior vice president Peter Wilkes.

Continue reading at CoinDesk

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Hedgy Raises $1.2 Million for Smart Contract-Powered Bitcoin Derivatives

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Bitcoin derivatives startup Hedgy has raised $1.2m in new seed funding from a group of 10 investors that includes Draper Fisher Jurvetson partner Tim Draper, Salesforce CEO Marc Benioff and Sand Hill Ventures.

In conjunction with the announcement, Hedgy has also launched a new derivatives product aimed at commercial bitcoin miners.

Miners that use the derivative can effectively lock in a future price at which they can sell bitcoins, using a smart contract to settle the transaction on the bitcoin blockchain.

Continue reading at CoinDesk

%name Hedgy Raises $1.2 Million for Smart Contract Powered Bitcoin Derivatives