Wedbush Securities Funds Buttercoin in First Bitcoin Investment
Noted investment services provider and research firm Wedbush Securities has announced its first investment in the bitcoin ecosystem, contributing an undisclosed sum to newly launched US bitcoin marketplace Buttercoin. One of the more vocal research institutions on the subject of bitcoin globally, Wedbush has long been bullish on digital currency while largely refraining from issuing any direct financial support to the ecosystem. Buttercoin CEO Cedric Dahl framed the funding as proof that institutional players on Wall Street are increasingly interested in supporting the bitcoin ecosystem,....
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Wedbush Securities, a leading financial service provider, has announced a relationship with Bitcoin trading platform, Buttercoin. This relationship will extend the company's reach into the sphere of cryptocurrency technology. The investment amount made by Wedbush Securities is undisclosed. Buttercoin's platform allows users a fast, easy, and safe way to trade Bitcoin. Also read: Mozilla Firefox Internet Browser Doubles-Down on Internet Privacy by Partnering With Tor Project. Wedbush Continues Leading Finance Firms Into Bitcoin. Sheri Kaiserman, Head of Equities at Wedbush Securities told....
Wedbush Securities, a very large investment banking and brokerage firms is looking to hire a Bitcoin director to oversee all aspects of Bitcoin transactions within the firm. According to the Wedbush website, the position opening went live on January 8th 2015 and Wedbush seek to fill the position as soon as possible. After acquiring holdings in the Buttercoin Bitcoin exchange last year, Wedbush Securities wish to further expand their reach as well as continue to look into the technology for the future. Also read: Wedbush Securities Acquires Holdings in Buttercoin Bitcoin Exchange Service.....
The recent developments with Buttercoin, a Bitcoin trading platform last week caught everyone by surprise. The company backed by heavyweights like Google Ventures, Y Combinator, Rothenberg Ventures etc. was forced to shut down its operations due to what they claim to be lack of funding. Bennett Hoffman and Cedric Dahl founded the Palo Alto, California based company in 2013. The company attracted a lot of attention and funding to rise through the ranks of Bitcoin based startups. Buttercoin later went on to become the first Bitcoin business to raise investment form a prominent Wall Street....
At the beginning of 2014, Wedbush Securities, a financial services and investment firm, decided to accept Bitcoin. A month later, the company released a research paper saying that speculation and trading on Bitcoin’s volatility, attributes regarded by most as holding back the currency, were actually its first killer app. The paper also noted that the currency would either be worth zero dollars or a million dollars. Since then, the institution has only increased their involvement in the digital currency. In November 2014, Wedbush invested in Buttercoin, a US Bitcoin exchange, which was....
Buttercoin has announced it will be closing on April the 10th. 2015 is getting to be a hard year for bitcoin exchanges; many digital currency exchanges have been facing serious difficulties and a lot of them have been forced to close their doors. The latest exchange to go down is the US based exchange, Buttercoin. We can find the following announcement on their website: "So long friends. Buttercoin will be turning off April 10th at 11PM PDT. Be sure to move your bitcoins to another service and remove your dollar balances. We wish you all the best!" Buttercoin launched in 2013 and received....