05 Mar '13, 4pm

Bitcoin Ready To Go Mainstream With First U.S. Exchange - Forbes

Move up http://i.forbesimg.com t Move down Bitcoin Exchange Deal Repatriates Assets To U.S. Jon Matonis Contributor Why I'm Not Ready To Sell My Bitcoins Timothy B. Lee Contributor The Bitcoin Bubble That Wasn't Timothy B. Lee Contributor The Bitcoin logo (Photo credit: Wikipedia) Recently armed with $500,000 in seed funding and a partnership with Silicon Valley Bank, Coinlab, a startup based out of Seattle , is bringing its innovative Bitcoin project closer to the U.S. market. Considered the domain of nerds, conspiracy theorists and shady internet characters the move could push Bitcoin more mainstream. Bitcoin is a crypto-currency; a decentralized, open source, peer-to-peer network based medium of exchange that for years has enabled online transactions to be made more simply and securely. Bitcoin also has its dark side, its anonymity allowing users to make purchases of co...

Full article: http://www.forbes.com/sites/saranyakapur/2013/03/05/bitco...

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