VC Firm Block26 Makes First Bitcoin Bet on Airbitz Wallet

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Los Angeles-based venture capital firm Block26 has completed its first investment, contributing $450,000 to the ongoing seed round for bitcoin wallet provider Airbitz. Launched in June, Block26 has indicated it plans to focus specifically on blockchain and digital currency ventures, contributing to seed to later-stage rounds. Calling the funding the company’s “first big announcement”, Block26 principal Ni’coel Stark indicated that Airbitz is representative of the kind of companies in which her new venture firm is looking to invest. Stark told CoinDesk: “We’re really looking for nuances in the technology. Airbitz is an amazing wallet, it solves problems for consumers, but it’s so much more than that. We see opportunities beyond the wallet, the ability that they have to go into security, their contributions to the Internet of Things, altogether they really make them fascinating.” She went on to call Airbitz “underrated” compared to its competition due to its team’s ability to contribute to areas of the technology beyond simply creating quality mobile bitcoin wallets. “Block26 is attracted to what’s under the surface,” she added. Going forward, Stark indicated that Block26 intends to “innovate along with the space”, and that it plans to focus on a smaller selection of high-quality startups. …

How Bitcoin Will Revolutionise Gambling [Infographic]

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Bitcoin is going to change the world of online gambling, and it’s already on its way. The forecasts claim Bitcoin will change online gambling forever! If you want the inside track on just how the world’s most popular virtual currency is going to affect the way you bet, then this infographic – created by our friends at BitcoinSportsBooks and NeoMam Studios – will give you the lowdown. “It’s time for gamblers to cash in their chips and start mining their Bitcoins because cryptocurrency is about to make conventional money a spent force in gambling,” says the blog post at BitcoinSportsBooks. The infographic (click to enlarge) focuses on the main advantages of Bitcoin (low transaction costs, transparency, Instant Payouts ) for gambling from the perspective of online casinos, affiliates, and gamers. Check it below to learn more and tell us your thoughts in the comments below.

The Past and Future of Bitcoin [Infographic]

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CoinMe, a Seattle-based bitcoin startup, has created this infographic, explaining the past and future of Bitcoin, and also the use of the city’s first-ever Bitcoin ATM – CoinMe’s Kiosk. The Coinme Kiosk is the new solution for Seattle-area residents to buy and sell bitcoins. As the first Bitcoin Kiosk in the Northwest, and the first licensed kiosk in the U.S., Coinme is eager to introduce Bitcoin to the community through regular Meetups and free onsite consultations. The ATM is operated by Coinme but manufactured by Las Vegas-based Robocoin, which also built the world’s first Bitcoin ATM that was installed in Vancouver, Canada last October. The Kiosk is open seven days a week from 11 a.m. to 10 p.m., and it scans your palm and allows you to exchange cash for Bitcoin, or do the reverse. Customers can make up to $3,000 worth of Bitcoin exchanges per day. Check the infographic below and tell us in the comments below what do you think about the new CoinMe’s Kiosk.  

Steve Wozniak Joins Kiosk ATM Parent Company

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  The Planet Capital financial services company has announced that Steve Wozniak, famous co-founder of Apple, will join their roster of employees as a consultant and part of their Board of Directors. Planet Capital are the manufacturers of the “Kiosk” ATMS that include crypto currency exchange functionality. The announcement was made on April 30 through a barebons press release on their website, which simply mentioned him on the title “Apple Co-founder, Steve Wozniak joins Planet Capital Board”, but didn’t elaborate on the particular and simply read: Planet Capital, FinTech innovator and developer of multi-function Next Gen ATM Kiosks, announced its launch into the burgeoning self service payments space this week. Chairman, Lee Caplin is Co-Founder of Penske Media, owner of Variety Magazine and the entrepreneur responsible for creating the first military grade encryption for civilian telephones. Planet’s CTO, Dan Sokol, along with Caplin made a joint statement, saying that “Planet’s strategy is to deploy kiosks free of charge, removing the ‘pay wall’ and common financial barriers for many merchants desiring to install service-ready, multi-function ATM’s to meet their clients growing financial, digital and virtual needs within this fast-moving economy.” Caplin referred to Planet’s strategic team, saying that “My brain trust consists …

BitLendingClub to Take On Trillion Dollar Loans Market, Encouraging ‘Good Borrowers’

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Cross-border peer-to-peer (P2P) bitcoin lending platform BitLendingClub, is looking to disrupt the growing lending industry with a unique model that should oust bad players while providing a better framework for “good borrowers.” The Bulgaria-based startup integrated with the Boost VC accelerator program in February, and is looking forward to demo day on May 7, where the team will be presenting its product to an audience filled with influential VCs and industry leaders. Speaking with CoinTelegraph, co-founder and CEO Kiril Gantchev, shared his excitement to be one of the 25 startups selected to integrate Boost VC’s Tribe 5, as well as his ambition to provide greater efficiency to a trillion dollar market that is ripe for innovation. The right incentive BitLendingClub, which works under a ‘Dutch auction’ system that consists in letting borrowers choose the interest rate that matches their requirements, charges fees from loans that have been repaid. The particular element allows BitLendingClub to have “an extra incentive to provide a better framework for good borrowers to repay their loans and bad borrowers to be selected out as early as possible,” and enables the startup to differentiate itself from other existing services that would essentially provide an infrastructure for borrowers …

Did Bitcoin Create more Jobs than the US Federal Government Did in 2014?

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Introduction: Ever since Bitcoin’s Genesis Block was mined back in 2009, Bitcoin has been growing exponentially to the extent that its value increased from less than one cent to $1124.76 in November, 2013. Claimed to be the best financial innovation throughout the last 500 years, bitcoin is continuously macadamizing the path for creation of unique business ideas, projects and startups that can conceive thousands of jobs and opportunities for bitcoin enthusiasts all over the world. Bitcoin – A Whole New World: Although Bitcoin had been around since 2009, it only gained considerable attention in late 2010 following the release of the WikiLeaks by Julian Assange who faced an organized financial blockade by the US Federal government as Paypal, Bank of America, Western Union, Mastercard and Visa refrained from transmitting donations to WikiLeaks. Accordingly, Assange started accepting donations via Bitcoin which boosted its price during the early months of 2011. Furthermore, the launch of Silk Road, an online market for illicit drugs that only accepted bitcoin for payments, early in 2011 was responsible for another bitcoin bullish rally during that period which pushed the price up to $31.91 as of the 8th of June, 2011. Not only computer geeks and hackers …