"Bitcoin Falcon" Continues to Fly

It was reported earlier this week by Bloomberg that private investment fund Falcon Global Capital had closed its bitcoin fund due to the digital currency's slowing demand. While the fund has indeed ceased, Falcon CEO Brett Stapper is claiming that demand had little to do with the decision, and that it was rather a planned move following Falcon customers' lagging eagerness to have their bitcoins managed by a third party, and that closing the fund gives Falcon the opportunity to place more focus and attention on their latest consulting service which has experienced rising popularity since....


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Falcon Global Capital Registers to Lobby Congress on Bitcoin

There isn't any doubt that big companies like VISA and MasterCard have troops of lobbyists in Washington, D. C. looking after their interests. But a San Diego-based investment firm that focuses exclusively on bitcoin - Falcon Global Capital - is working to even the balance of power. Company managing director Brett Stapper has moved to file paperwork (as of 22 May) to lobby Congress and other federal agencies, according to an LD-1 disclosure, a form used to register as a lobby. According to the form, specific lobbying issues include the "Education and understanding of Bitcoin and other....

Falcon Global: Fund Closure No Sign of Declining Bitcoin Demand

Falcon Global Capital is taking aim at what it considers the misconception that the firm is struggling to garner interest after closing its bitcoin investment fund due to declining demand. Such characterizations first emerged in a Bloomberg article that drew parallels between the fund closure and the decline in the price of bitcoin this year. Though the article suggested this development was perhaps negative for the company - which has often been portrayed as an investment fund, Falcon Global Capital believes it is simply moving to better capture already strong customer demand. Speaking to....

Bitcoin Investment Fund Seeks to Buy 27K Seized Silk Road Bitcoins From FBI

Brett Stapper Source: Falcon Global Capital. A bitcoin investment fund by the name of Falcon Global Capital is looking to buy bitcoin from the FBI - 27,000 BTC, in fact. The bitcoins are those seized from the Silk Road bust late last year, and are worth just under $15 million at the present exchange rate. According to Brett Stapper, co-founder of the fund (which describes themselves as an "SEC Regulation D Private Investment Fund that invests solely in the Bitcoin markets"), the FBI hasn't yet approved or denied the firm's offer. Stapper notes that Falcon's lawyers are calling daily to....

VC Firm Makes Bid for FBI's Seized Silk Road Bitcoins

Investment firm Falcon Global Capital has contacted the US government expressing an interest in buying all of the bitcoins it seized from Silk Road - the online black market that was shut down by the FBI in October of last year. The US has previously said that the coins will be liquidated, but did not say when or how the process would occur, or to whom they would be sold. The FBI holds 27,000 BTC from the seizure, which are worth around $14m at today's exchange rates. Whether the Falcon team is prepared to go the distance on the potentially huge transaction remains to be seen. Huge....

Quotes

For the 'other 6 billion' who don't enjoy international, control-free banking as we do, Bitcoin represents an opportunity to become part of a global economy which up till now did not exist. For those users, Bitcoin is more than just a curiosity, it might be a doorway to connect to the world.

Andreas Antonopoulos, Security expert, tech-entrepreneur and the author of “Mastering Bitcoin: Unl