Bitcoin API Startup Gem Raises Funding Total to $3.3 Million

admin Bitcoin, Bitcoin 2.0, Bitcoin Crowdfunding, Bitcoin News, Bitcoin Startups, Crypto 2.0 0 Comments

Californian bitcoin API developer Gem has announced an additional $1.3m in funding, raising its total to $3.3m. The round was led by KEC Ventures, with additional contributions from First Round Capital, RRE Ventures– also an investor in 21 Inc and Abra – and early Facebook investor Robert Wolfson, among others. Gem closed its previous round in September last year after receiving funds from Mesa Ventures, Idealab, James Joaquin and Brock Pierce’s investment firm, Crypto Currency Partners. A spokesperson for the platform said the newly acquired funds would be used to accelerate feature development and scale Gem’s services for developers worldwide. Multi-sig wallet  Gem’s funding coincides with the launch of its multi-signature wallet API, which is now publicly available following a series of improvements. Approximately 40% of people using Gem’s API are from outside the United States – dispersed throughout Europe, Asia and South America. The new API aims to ease integration for this worldwide user base, while providing added security measures to protect bitcoin wallets and keys. Ken Miller, COO at Gem, said the security improvements had taken “massive amounts of time and energy to bring to the market”. However, he added: “It just was not an area we were willing to compromise.” The system now uses Hardware Security …

Buying SEO Services For E-Money

admin Buying Services For BItcoin, Crypto 2.0, Cryptocurrency, SEO Services 0 Comments

“It is not wrong to think that the traditional buying of a product has been replaced with an unwritten contract of shared values between a business and its customers.” David Amerland, author, speaker, analyst (Google Search Engine)    IT-jobs are among the most popular offered for bitcoins and the other crypto. No surprise, the market is growing dynamically and the web-services are needed more than ever. Some time ago SEO companies were reluctant to introducing digital currencies as an alternative payment method. Luckily, the situation is changing in favour of customers using crypto. There are certain advantages in applying cryptocurrencies for both the SEO companies and their clients: first and foremost the higher demand, higher competitiveness, lower transaction fees and the ability to foresee the trends in the market. In fact, many SEO services and their clients are strong virtual currency enthusiasts, and apart from getting their main job done promote virtual currency exchanges on a regular basis. Let’s see who’s willing to improve your SEO for bitcoin and the like: SEObitcoin.com seobitcoin.com is an official SEO Bitcoin vendor, who can provide you with a SEO analysis, help to optimize search engine and other digital services with a package of …

Factom Raises $140k in First Day of ‘Software Sale’

admin Bitcoin 2.0, Bitcoin Crowdfunding, Crypto 2.0 0 Comments

Factom has raised 579 BTC, or roughly $140,000, through the first day of its crowdsale. The blockchain-based record-keeping network launched its crowdsale yesterday at 17:00 UTC on decentralized application platform Koinify, offering 2,000 Factoid tokens (FACTs) for every 1 BTC pledged by prospective users. The pricing values Factoids at the same initial asking price as Ethers, the token sold during decentralized publishing platform Ethereum’s 2014 crowdsale that eventually garnered upwards of $12.7m. Factom Foundation board chairman David Johnston pointed to the fact that the project had sold more than 1m facts in the first day as another indicator of its success. Johnston told CoinDesk: “I believe this first day of software sales for Factom shows there is strong interest in technology that is focused on scaling the blockchain and providing its features of transparency and honesty to whole new categories of businesses.” The $140,000 in first-day sales surpasses the $111,000 decentralised messaging service GetGems raised during the first two weeks of its invite-only sale, the first to be held on Koinify’s platform last December. Upon launch, Factoids will serve as the payment method users will need to communicate with Factom’s servers. Factoids will run on their own blockchain within Factom. The “early bird” …

Spare Change-to-Bitcoin Service Lawnmower Aims for Main Street Investor Appeal

admin Bitcoin 2.0, Bitcoin News, Bitcoin Startups, Cryptocurrency 0 Comments

“There’s a metaphor to it,” CEO Pieter Gorsira explains, addressing his startup Lawnmower, and its, by bitcoin industry standards, unconventional name. If the name Lawnmower at first keeps users at a distance, however, the explanation does much to illuminate the novel concept the Boost VC startup is hoping will help it become a low-risk bitcoin investment solution. “Working backwards, it’s like we’re running the lawnmower over the grass and we’re clipping off a little bit of change. So, as you go along, we slice all these little blades of grass and collect change from these transactions,” Gorsira continued. Put more directly, Lawnmower uses an API developed by Spark Capital-backed Plaid to connect to users’ online banking accounts at Bank of America, Chase, Wells Fargo, Citibank and US Bank. From there, Lawnmower watches its users’ accounts for transactions, rounding up the purchase of say a $3.50 latte to $4 and saving that 50 cents for later. Once users have accumulated at least $4 in total savings through small debit or credit purchases, Lawnmower purchases bitcoin on behalf of the user. The effect, according to Gorsira, is a solution to bitcoin’s volatility that also allows investors a chance to get exposed to its potential …

Why a New SEC Ruling Could Be ‘Revolutionary’ for Bitcoin Crowdfunding

admin Bitcoin 2.0, Bitcoin Crowdfunding, Crowdfunding, Crypto 2.0, US Securities and Exchange Commission (SEC) 0 Comments

Jared Marx is an attorney at Washington, DC law firm Harris, Wiltshire & Grannis. He advises companies about bitcoin-related regulatory law and represents companies and individuals in civil and criminal proceedings. Here, he discusses why a new securities ruling is a potential boon for ‘crypto 2.0‘ and ‘bitcoin 2.0’ companies operating in the US. On Wednesday, the US Securities and Exchange Commission (SEC) adopted regulations permitting crowdfunding for business startups. The new rules give businesses in the blockchain ecosystem an avenue to get financial backing from the best-educated investors out there: their users. I wrote last week about the challenges that ‘bitcoin 2.0’ companies face from the squishy definition of a “security” under US law. These new rules don’t resolve that ambiguity, but they do create a low-cost safe harbor for businesses that want to avoid uncertainty (and possible criminal exposure) by simply treating their token sales as sales of securities. Here’s how it works: prior to these rules, a company could generally sell securities only to wealthy individuals or after going through expensive registration with the SEC. Now, companies can file a mini-registration statement with the SEC and then sell securities to ordinary people, including over the Internet. As …