Tagbitcoin shop

BTCS Raises $1.45 Million in a Funding Round; Immediately Increases Stake in Spondoolies-Tech

Bitcoin mining firm BTCS, formerly known as Bitcoin Ship has completed a $1.45 million round of financing on December 16, led by Cavalry Fund LP. Originally known as Bitcoin Shop, BTCS was an e-commerce retailer that shifted its business model to bitcoin mining. The company was in need of a cash-boost after a recent SEC filing raised concerns of the company’s ability to even exist in the long...

CCN Podcast Episode 2: Interview with Chris Wagner of Spendabit

In this episode, CCN talks to Chris Wagner of Spendabit.co, the Bitcoin shopping search engine. We also talk about our recent stories: 99% of all bitcoins are owned by 1% of Bitcoiners & Spoondoolies-Tech has announced a merger with Bitcoin Shop, Inc. Also, the host has a question for our listeners, near the end of the podcast. Outstanding answers will be read in the next episode. Please post...

Bitcoin Shop Inc. Invests $1.5 M In Bitcoin Mining Company Spondoolies-Tech

BitcoinShop.US

Bitcoin Shop Inc. has invested $1.5 million in Spondoolies-Tech Ltd., an Israel-based bitcoin mining company. The investment follows the announcement that BTCS and Spondoolies plan to merge. The investment marks the first step of the merger. The two companies will create the first publicly-traded company to produce bitcoin transaction verification equipment. It will also deploy bitcoin mining...

Bitcoin Shop Builds Universal Digital Currency Ecosystem On Several Fronts

Bitcoin Shop, Inc. (BTCS) recently completed several steps in its goal of establishing a universal digital currency ecosystem. The Arlington, Va.-based company anticipates having its new transaction verification services facility online in one to four weeks, according to CEO Charles Allen. The company has acquired additional servers to bring its total hashing power, once online, to almost 1...

Connecticut Elementary School Now Accepts Bitcoin

Indian Mountain School (IMS), an independent, coeducational boarding school in Lakeville, Conn., has announced it will accept bitcoin donations for the school’s fundraising activities. The school becomes the first elementary/middle school in the U.S. to accept bitcoin. Joining the school in making the announcement were digital currency payment processor GoCoin LLC and digital currency platform...

The 'Amazon.com' of Bitcoin

In an article published in TopStockAnalysts, analyst Jody Chudley argues that the high cost of credit card fraud will drive many merchants to Bitcoin. And if merchants prefer Bitcoin then consumers will adopt it and, so, the outcome is that a lot of today's Bitcoin startups' stock prices will soar. BitcoinShop.us is, according to the analyst, ideally positioned and here's why. Credit Card Fraud...

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