Bitcoin Exchange Bitstamp Launches Equity Offer for Investors
Bitstamp, one of the oldest bitcoin exchange, has taken a somewhat unique step in offering ordinary investors equity with the aim of raising $1.2 million in return for 2% equity. Vasja Zupan, Chief Operating Officer at Bitstamp, told CCN: As Bitstamp has invested heavily to be fully licensed we are now focused on growth and product development. We see opportunity to get to the next level by relatively small investment. This investment need is probably too small for an established VC fund. Therefore we decided to invite qualifying investors to take a stake in Bitstamp on the....
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Bitstamp, one of the largest BTC/USD bitcoin exchanges and marketplaces based in Europe, has launched an investment initiative on online investment platform BnkToTheFuture to obtain US$1.2 million in funding at a $60 million valuation. The BnkToTheFuture investment offering will continue on for the next 50 days, until Bitstamp reaches its minimum....
In a news bit posted by European Bitcoin exchange Bitstamp earlier today, the once-largest Bitcoin exchange promulgated their FINAL NOTICE TO UNVERIFIED ACCOUNT HOLDERS. Some thirteen months ago, Bitstamp updated its Verification Policy to require verification in order to have access to bitcoin and bank transfers. It seems that despite a years time, there are still unverified accounts with positive balances of fiat or bitcoin belonging to individuals or organizations that have, for one reason or another, chosen not to undergo Bitstamp's especially secure (read: stringent) AML/KYC....
Bitcoin exchange Bitstamp's ongoing crowdfunding campaign has already netted more than $1.3m in capital, exceeding its goal weeks before the effort is scheduled to end. Bitstamp has another 21 days of its campaign on the BnkToTheFuture platform. The exchange is selling shares totalling 2% of total equity. At press time, Bitstamp had raised $1,365,240 out of a planned $1.2m, drawing from 258 backers. Co-founder and CEO Nejc Kodrič said the funding will go towards expanding into new markets, as well as offering new services to the existing trading platform. He told CoinDesk: "Our....
The SEC has just made equity crowdfunding legal. Here's our take on how this applies to bitcoin and the blockchain. Last October, the US Securities and Exchange Commission released this update, which detailed the adoption of the final rules surrounding equity based crowdfunding offerings. The concept was first addressed as part of the Jumpstart Our Business Startups (JOBS) act way back in 2012, which was signed in by Barack Obama, as a tool that would facilitate the process through which small and medium business enterprises gain access to operating and development capital. Up until now,....
A bitcoin address containing ~18,866 bitcoins may hold the stolen bitcoins from the Bitstamp hack on January 4th. Bitstamp confirmed last night that "we have reason to believe that one of Bitstamp's operational wallets was compromised on January 4th, 2015." According to data maintained by Bitstamp users keeping an eye on the public Bitcoin blockchain, Bitstamp may have been "hacked" for 12% of its bitcoins. UPDATE: Bitcoin Exchange Bitstamp Confirms Loss of ~18,866 BTC (~$5 million USD) from Hot Wallet. Bitstamp has repeatedly reminded its users, who are currently locked out of the site,....