Coinbase Expands its Services to United Kingdom

Posted on April 29, 2015

Coinbase announced the expansion of Coinbase services to the United Kingdom, including the ability to trade bitcoin on the Coinbase Exchange and to buy/sell bitcoin with British pounds (GBP) using the Coinbase Wallet, and the addition of BTC/GBP and BTC/EUR currency pairs on Coinbase Exchange for U.K. users. Besides the United Kingdom, Coinbase services are also available to other European Union residents. The move brings Coinbase into the competitive British market, which co-founder Fred Ehrsam argues is buoyed by the forward-looking attitude of U.K. regulators toward Bitcoin, as well as other financial technology innovations, The Guardian reports. “The payments regulators and the Treasury are taking a very balanced view of bitcoin,” said Ehrsam. “They’re really taking their time to understand […]

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Bitcoin Shop (BTCS) to Merge with Spondoolies-Tech to Create a Publicly Traded Bitcoin Mining Company

Posted on April 29, 2015

Bitcoin Shop, one of the first Bitcoin companies quoted on the U.S. stock market, announced that it has signed a Letter of Intent to merge with Israeli Bitcoin mining hardware manufacturer Spondoolies-Tech. The Letter of Intent follows last week’s announcement that Bitcoin Shop raised $2.3 million in a venture capital funding round. Bitcoin Shop, quoted on the OTC Market with the ticker BTCS, is based in Arlington, Virginia. Besides operating an e-commerce store which accepts a variety of digital currencies and offering a multi-signature wallet with bank-grade security, the company is the lead investor in Bitcoin ATM manufacturer Coin Outlet, and runs bitcoin mining operations in a new 83,000-square-foot facility. The new mining facility is expected to handle more than […]

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President Obama on Why Transparency Matters in Securing the Most Progressive Trade Deal in History

Posted on April 29, 2015

Every comma, every period, every semicolon.

When it comes to the Trans-Pacific Partnership, President Obama has taken important steps to include new voices and increase the transparency of our trade negotiations. From soliciting input from groups traditionally left out of negotiations like labor and environmental groups to supporting new provisions that require months of public review before a deal is signed, the Administration is committed to ensuring the maximum possible transparency throughout the negotiations.  

In an interview with the Wall Street Journal, the President laid out what the public can expect to see before he signs an agreement and well before any vote is taken in Congress:

President Obama to the @WSJ on how he’s ensuring transparency in trade negotiations. #LeadOnTrade #TPP https://t.co/r9BhubwxDk

— The White House (@WhiteHouse) April 28, 2015

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Advance Estimate of GDP for the First Quarter of 2015

Posted on April 29, 2015

Economic growth in the first quarter was restrained by factors including tepid foreign demand and harsh winter weather. At the same time, households saved most of their gains from low energy prices, Over the past four quarters, the most persistent and …

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