BitCoin the virtual currency that is independent of any central bank or authority, does not stop rising in value. It has recently reached the record level of $ 47.
It was introduced in 2009, bitcoins can be exchanged by personal computer directly through a wallet file or a website without an intermediate financial institution. The processes of maturation of a Bitcoin community spread through several countries, although mainly concentrated in Europe and the US.
During the course of 2012 the first significant investments of VC capital in Bitcoin-oriented startups started to pop up. BitPay.com and Coinbase.com, two Bitcoin payments processor respectively secured $500,000 and $600,000 investments.
Even the first Bitcoin Hedge Fund was launches recently.
And a venture capitalist backed Bitcoin, they want to make it safe for U.S. and Canadian investors to do large block trades of Bitcoins. The Silicon Valley-based company will take over exchange transactions for all U.S. and Canada clients meaning your money will get moved to a U.S. bank and Coinlab will now be the clearing pool for all peer-to-peer transaction on the Mt.Gox exchange.
What will the Bitcoin technology social implications be with a market cap bigger than $ 500 M outside the establishment and governments?