January 22,2015- In This Issue:

 

The 12 Biggest Bitcoin Funding Rounds Of All Time


 

Coinbase announced yesterday that it has raised $75m in VC funding - the biggest investment in a bitcoin company so far.

 

The funding came as part of a Series C round that attracted a range of financial heavyweights such as the New York Stock Exchange, Fortune 500 financial services group USSA, and Spanish banking group BBVA, as well as Japanese telecoms giant DoCoMo.

 

While the bitcoin services company has spent the last year building out new services and expanding to Europe, venture capitalists have remained active in the ecosystem. Funding for bitcoin startups soared in 2014, showing a three-fold increase to $314.7m, up from $93.8m the year before

 

In this article, CoinDesk looks back at the previous largest investment rounds in bitcoin-focused startups.

 

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Living in the Post-Wallet Economy: Cryptocurrency vs Mobile Payments

 Small businesses and entrepreneurs are often made up of those striking out on their own to take up a new idea, improve on an existing one, or supply a need for a market. How customers pay for products and services is changing rapidly. Nowadays we don't pay with cash, or even credit cards-we are starting to roll both into the smartphone. There are two methods to pay for products and services via smartphone: cryptocurrency and mobile payments, so a small business or entrepreneur can and should adopt these payment methods in order to reach all potential markets.

 

Started From The Bottom

 

Cryptocurrency has come a long way since Bitcoin's debut in 2009. As the world's most popular digital currency, Bitcoin has attracted attention (both positive and negative) for its

open source nature and flexibility. Users can transfer bitcoins between each other without the intervention of a bank or central monetary authority. Although this may be risky for small businesses and entrepreneurs due to a lack of regulation, a growing number of businesses and entrepreneurs were willing to adopt bitcoins as a form of payment during Bitcoin Black Friday in 2013.

 

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5 ways digital currencies will change the world

When I look at digital money, I see a revolutionary technology that allows people or institutions to transfer funds instantly, securely and without a middleman. Digital money can potentially expand international commerce, support financial inclusion, and transform how we shop, save and do business in ways we probably cannot even yet fully understand. From programmable money to new forms of e-commerce, here are five ways the new technology will change the world:

 

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Ingenico's next generation POS terminals will accept Bitcoin thanks to Paymium

The world leader in payment termnials Ingenico announced today that its next generation POS terminals, the TELIUM TETRA, will accept Bitcoin thanks to a partnership with French Bitcoin startup Paymium, which operates one of Europe's largest Bitcoin exchanges. The move will make Bitcoin acceptable by any brick & mortar merchant, which isn't as crazy as it sounds.

 

Sure, Bitcoin had a harsh 2014, and 2015 hasn't started out too well either, with prices dropping after major exchange Bitstamp was hacked earlier this month; however, die-hard Bitcoin/blockchain advocates will tell you these are all necessary steps towards the stabilization and ultimate growth of Bitcoin. And given what has happened with the Swiss Franc and the 'easing' that is expected to be announced this week for the Euro, Bitcoin may be no more unstable than government and gold-backed currencies.

 

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How Technology Behind Bitcoin Could Transform Accounting As We Know It

We're not there yet, but in less than 10 years, I believe that the technology behind bitcoin will transform the accounting profession entirely.

 

What is this technology? The blockchain.

 

Let me set the scene by going over a few bitcoin related concepts before explaining why I think that the accounting profession will undergo a major disruption in the coming years.

 

What is the blockchain?

When most people think about bitcoin, they think about it as a currency. But there's a much more powerful technology that allows bitcoin "the currency" to exist in the first place and it's called "the blockchain." Many people in the bitcoin space are unphased by the recent crash of the bitcoin price because the blockchain as a technology is far more powerful (and exciting) than bitcoin as a currency.

 

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