30 Jun '14, 11am

Regulation around Bitcoin starting to clear, says Circle CEO via @WSJD

As institutional investors enter the bitcoin market, there is an increasing demand for more robust exchanges. Reuters Bitcoin watchers today will be anxiously waiting for the results of an auction of 30,000 bitcoins seized last year as part of the Federal Bureau of Investigation’s crackdown on the Silk Road online marketplace for illicit drugs. The price for a bitcoin on Friday when the bidding occurred was around $570. The price of bitcoin this morning is close to $630, according to blockchain.info—a main bitcoin transaction database. The bidding, by major hedge funds, law firms, bitcoin businesses, and others, occurred last Friday. Results are expected Monday. While no formal announcement is expected by the US Marshall’s service, a number of the auction participants will most likely announce they have won bids and at what price. According to blockchain.info, the market v...

Full article: http://blogs.wsj.com/digits/2014/06/30/regulation-around-...

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