IBM announced today that they will pay GlobalFoundries 1.5 Billion dollars over three years in exchange for GlobalFoundries taking over their microchip business. GlobalFoundries was itself created in 2009 when AMD divested from manufacturing. As part of the deal GlobalFoundries is getting paid to acquire IBM's semiconductor manufacturing facilities and personnel with the exception of a small team of researchers remaining with IBM. The number of things IBM still does continues to shrink.
Category Archives: News
Coinfloor To Raise Capital Meanwhile Nefario Has Left
Coinfloor, the largest exchange for sterling/bitcoin transactions, is set for a round of capital raising1 which will be used to launch a Bitcoin fund and enable customers to trade a wider variety of currencies for bitcoin. From Tuesday, Coinfloor will begin accepting customer deposits in USD, Euro as well as the Polish Zloty. Continue reading
It is rumoured that the funding round will raise £1m. ↩
Dogecoin Facebook Contributor to Jail
After the other events of this week rocking Dogecoin, a contributor to the official Dogecoin Facebook page will be going to jail for financial crimes he admits to committing between 2008 and 2011. His post announcing this news is below: Continue reading
A Free* Bitcoin ATM Machine For Suitable Hosts
ZenBox, based in Santa Monica, California, are a company which operate a network of over 10 Bitcoin kiosks across the US. Launched in June, 2014, the company was founded by Sean Grove and Brock Pierce while CEO Cailen Sullivan previously worked at Coinbase. Continue reading
BitPesa Enables NGO's To Easily Exchange Bitcoin Donations For Fiat
BitPesa, the Kenyan startup which aims to lower the cost of remittances in Africa, has introduced a new service which enables NGOs to automatically exchange their bitcoin donations into Kenyan shillings which are then deposited directly into "their corporate mobile money wallet." Continue reading
Gavin Andresen's Blocksize Economics
Today Gavin Andresen, Chief Scientist of the Bitcoin Foundation, released a statement on the foundation's blog regarding Blocksize Economics. Earlier this month Qntra reported on Gavin's proposal to increase the Blocksize by 50% annually. This proposal was met with disapproval from the community. Continue reading
BitStamp: Unverified Accounts to be Closed, Balances to Regulators
BitStamp announced on their blog that accounts remaining unverified will be closed and have their balances turned over to regulators. BitStamp initially implemented their verification policy in September of 2013 and insists they can not allow accounts that do not comply with their anti-money laundering and know your customer policies to trade or receive other services from BitStamp including withdrawals in either Bitcoin or any other method. Their announcement: Continue reading
Apple Pay Big In 3 Years, Bitcoin Big Over 20 Years Claims Marc Andreessen
Marc Andreessen, co-founder of Andreessen Horowitz, attended the Dreamforce 2014 conference held in San Francisco this week. Fielding a variety of questions, he shared some brief thoughts on the future of Bitcoin. Continue reading
AlphaPoint, White Label Exchange Provider Secure $1.35 Million In Funding
AlphaPoint, a white label exchange and automatic market making provider, secured $1.35 million in funding which will be used to promote international growth and further development of products and services. The round of capital raising included investors such as Scott Becker of Invite Media1, Gabriel Weinberg of DuckDuckGo, Robin Hood Ventures, Ben Franklin Technology Partners as well as other unnamed angel investors. Continue reading
Acquired by Google. ↩
The Fall of Moolah.io
Moolah was a CryptoCurrency web wallet and financial platform that aimed to simplify CryptoCurrency payments. The service was presumably launched by Alex Green in January 2014. Moolah is backed by Moopay LTD, the company behind all of the Moolah services. It was owned by the reddit user moolah_, and had 59,689 followers. Continue reading