08 Apr '15, 6pm

Bitcoin exchange Coinsetter acquires Canadian platform

NEW YORK (Reuters) - Coinsetter, a New York-based bitcoin exchange that targets institutional and professional traders, said on Wednesday it has acquired Canadian Virtual Exchange, a bitcoin trading platform which recently shut down due to security breaches. According to sources, the deal was valued at $2 million, marking the first merger deal in the growing bitcoin exchange market. Jaron Lukasiewicz, chief executive officer of Coinsetter, will become the CEO of Cavirtex. The transaction was an all-stock deal, Lukasiewicz told Reuters, although he declined to give the total value. Bitcoin is a virtual currency created through a "mining" process where a computer's resources are used to perform millions of calculations. It has been hailed as revolutionary by the currency's advocates because of its lack of ties to a central bank and its potential as an alternative to credit c...

Full article: http://news.yahoo.com/bitcoin-exchange-coinsetter-acquire...

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Bitcoin exchange Coinsetter acquires Canadian p...

vbusacareers.com 08 Apr '15, 6pm

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Coinsetter, a New York-based bitcoin exchange that targets institutional ...

Bitcoin exchange Coinsetter acquires Canadian platform #cryptocurrency #bitcoin via @crypcoin

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