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Circle Raises $50 Million With Goldman Sachs Support

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Bitcoin financial services startup Circle Internet Financial has closed a $50m funding round.

The Boston-based company drew support from Goldman Sachs and China-based IDG Capital Partners, as well as all of Circle’s pool of existing investors, including Breyer Capital, General Catalyst Partners and Accel Partners.

Tom Jessop, managing director at Goldman Sachs’ Principal Strategic Investments Group, said the bank recognizes the need to invest in companies that “have the promise to transform global markets through technical innovation.”

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%name Circle Raises $50 Million With Goldman Sachs Support

Spondoolies-Tech to Merge With Bitcoin Shop in Mining Market Shake-Up

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Bitcoin Shop (BTCS) and Spondoolies-Tech have signed an agreement that would find the publicly traded bitcoin services firm and the Israeli mining hardware manufacturer merging and continuing under a united brand.

The result, according to BTCS CEO Charles Allen, amounts to a “merger of equals”, one that he believes positions BTCS to become a mining operation that could compete against established industrial outlets such as BitFury and KnCMiner.

In interview, Allen elaborated on the merger as well as the company’s recent movements in the mining space, which have included securing an 83,000-foot facility and the prior purchase of 550 Th/s of mining hardware from Spondoolies-Tech.

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%name Spondoolies Tech to Merge With Bitcoin Shop in Mining Market Shake Up

Raj Date-Led VC Firm Backs Align Commerce Seed Round

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a69cScreen Shot 2015 04 29 at 1.19.22 PM Raj Date Led VC Firm Backs Align Commerce Seed Round

A diverse cast of investors has contributed to the most recent undisclosed seed funding round for blockchain-based, cross-border payments solution provider Align Commerce.

Participants included more familiar names such as entrepreneur Barry Silbert’s Bitcoin Opportunity Corp, Adam Draper-led Boost VC and hedge fund Pantera Capital. The round also included traditionally payments-focused VC firms such as Bayhill Capital Management, NyCa Investment, Pivot Holding, Fenway Summer, R3 and the Whittemore Collection.

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%name Raj Date Led VC Firm Backs Align Commerce Seed Round

Sweden’s Nasdaq Exchange Approves Bitcoin-based ETN

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Sweden’s Nasdaq exchange has approved a bitcoin-based exchange traded note (ETN), opening up investment in the digital currency to those who do not want to directly purchase and hold bitcoins.

The Bitcoin Tracker One, launched by Stockholm-based XBT Provider AB, which is owned by the KnC Group and is expected to launch on 18th May.

In a statement, Alexander Marsh, chief executive officer of XBT Provider AB, said:

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%name Swedens Nasdaq Exchange Approves Bitcoin based ETN

Bitcoin Custodian Elliptic Makes Final of SWIFT Startup Competition

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Bitcoin custodian Elliptic has been selected to compete for a $50,000 prize in the Startup Challenge Finale at SWIFT’s Sibos conference.

Some 370 companies applied to take part in the challenge and Elliptic was one of 15 companies selected to compete in the Innotribe Startup Challenge showcase, which took place in London last week.

Elliptic was one of two finalists in the growth-stage startup category, the other being xWare42, which enables banks to give customers additional information on their bank statements about their purchases.

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%name Bitcoin Custodian Elliptic Makes Final of SWIFT Startup Competition