Relevant:
- Mt Gox Files For Bankruptcy After Losing $473 Million In Bitcoins
- Seattle And Austin Are Getting Bitcoin ATMs
- Germany plans tax on bitcoin after virtual currency recognised as 'private money''
- Greece arrests Russian suspected of running $4 billion bitcoin laundering ring
- Goldman Sachs Jumps on the Bitcoin Bandwagon Investing $50 Mln in Circle
2013-08-05 — wsj.com
Mr. Lewis leads the Phoenix Fund, a Zurich-based private-equity fund that on Tuesday plans to invest $200 million in Avalon, a company that makes computer servers aimed at creating bitcoins, according to people familiar with the situation.
...
The bitcoin deal was put together by Andrew Laurus, a former government-bonds salesman at Lehman Brothers who is also an investor in the fund. Avalon was set up by Yifu Guo, a pioneer in the bitcoin-mining industry. He was part of the team that developed the first ASIC bitcoin mining hardware. ASIC stands for application-specific integrated circuit, a type of custom-designed microchip. Mr. Guo couldn't be reached for comment.
This little tidbit is highly interesting:
Separately, Coinflash, a company that planned to set up kiosks for bitcoin enthusiasts to buy the virtual currency, is shutting down before it even opened its doors. "Due to an unforeseen change in our personal circumstances, we've made the difficult decision to suspend Coinflash's services indefinitely," the San Diego-based company said in an email statement.
"Personal circumstances?" Like, wanting to maintain the continued use of all bodily appendages after Federal reserve goons (we can only assume) threatened these guys if they went live with such a service, bringing bitcoins to the "street"?
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