Topic: NYSE invests in bitcoin ecosystem (Read 4446 times)
An extremely important endorsement of bitcoin. It will interesting to watch it reverberate across the securities industry. I wonder who or what is next. I bet we will not have to wait long. If some orgs have not started, they will have to if purely to play defense against being marginalized.
Those guys are experts, man. They already made a lot of money with those kinds of investments. If you don't take a risk you can't make money. That's the way things go. And they see something in the Bitcoin startup companies! It reassures me, man!
I also think it's a very good thing to get a lot of FIAT into the actual backbone and infrastructure of Bitcoin and not only into the currency itself. Sure, it's tempting to see millions of USD flowing into BTC, but the ecosystem needs to sustain and justify the high prices, as well!
it is good if you know what you are doing and have good capital. Otherwise you might do bad stuff or get scammed and lose all your money.
For people that don't understand the technicals buy BTC might be better
Exactly it means people have faith in the big companies behind bitcoin (The companies help to give it value imo)
Bitcoin is not a religion (though it seems to be for a lot of folks around here).
So what, having faith is a valid word outside religious context. We have faith in Bitcoin in the sense of we think thinks will turn out good for it given evidence (aka, all other alternatives are crap and Bitcoin is the original and has all the network power effect).
Some people even have faith in "Technical" Analysis.
You better have faith in the bets you put because there is always a lot of luck involved. Pray some to St Satoshi.
I also think it's a very good thing to get a lot of FIAT into the actual backbone and infrastructure of Bitcoin and not only into the currency itself. Sure, it's tempting to see millions of USD flowing into BTC, but the ecosystem needs to sustain and justify the high prices, as well!
it is good if you know what you are doing and have good capital. Otherwise you might do bad stuff or get scammed and lose all your money.
For people that don't understand the technicals buy BTC might be better
Exactly it means people have faith in the big companies behind bitcoin (The companies help to give it value imo)
Bitcoin is not a religion (though it seems to be for a lot of folks around here).
There are always die-hard fanatics... It doesn't matter what topic. People can be fanatics about sport, music, cars, watches, military, wine, and also currency or technology. It's not a Bitcoin-specific thing, really...
I also think it's a very good thing to get a lot of FIAT into the actual backbone and infrastructure of Bitcoin and not only into the currency itself. Sure, it's tempting to see millions of USD flowing into BTC, but the ecosystem needs to sustain and justify the high prices, as well!
it is good if you know what you are doing and have good capital. Otherwise you might do bad stuff or get scammed and lose all your money.
For people that don't understand the technicals buy BTC might be better
Exactly it means people have faith in the big companies behind bitcoin (The companies help to give it value imo)
Bitcoin is not a religion (though it seems to be for a lot of folks around here).
So what, having faith is a valid word outside religious context. We have faith in Bitcoin in the sense of we think thinks will turn out good for it given evidence (aka, all other alternatives are crap and Bitcoin is the original and has all the network power effect).
Some people even have faith in "Technical" Analysis.
I also think it's a very good thing to get a lot of FIAT into the actual backbone and infrastructure of Bitcoin and not only into the currency itself. Sure, it's tempting to see millions of USD flowing into BTC, but the ecosystem needs to sustain and justify the high prices, as well!
it is good if you know what you are doing and have good capital. Otherwise you might do bad stuff or get scammed and lose all your money.
For people that don't understand the technicals buy BTC might be better
Exactly it means people have faith in the big companies behind bitcoin (The companies help to give it value imo)
Bitcoin is not a religion (though it seems to be for a lot of folks around here).
So what, having faith is a valid word outside religious context. We have faith in Bitcoin in the sense of we think thinks will turn out good for it given evidence (aka, all other alternatives are crap and Bitcoin is the original and has all the network power effect).
I also think it's a very good thing to get a lot of FIAT into the actual backbone and infrastructure of Bitcoin and not only into the currency itself. Sure, it's tempting to see millions of USD flowing into BTC, but the ecosystem needs to sustain and justify the high prices, as well!
it is good if you know what you are doing and have good capital. Otherwise you might do bad stuff or get scammed and lose all your money.
For people that don't understand the technicals buy BTC might be better
Exactly it means people have faith in the big companies behind bitcoin (The companies help to give it value imo)
Bitcoin is not a religion (though it seems to be for a lot of folks around here).
I also think it's a very good thing to get a lot of FIAT into the actual backbone and infrastructure of Bitcoin and not only into the currency itself. Sure, it's tempting to see millions of USD flowing into BTC, but the ecosystem needs to sustain and justify the high prices, as well!
it is good if you know what you are doing and have good capital. Otherwise you might do bad stuff or get scammed and lose all your money.
For people that don't understand the technicals buy BTC might be better
Exactly it means people have faith in the big companies behind bitcoin (The companies help to give it value imo)
I also think it's a very good thing to get a lot of FIAT into the actual backbone and infrastructure of Bitcoin and not only into the currency itself. Sure, it's tempting to see millions of USD flowing into BTC, but the ecosystem needs to sustain and justify the high prices, as well!
it is good if you know what you are doing and have good capital. Otherwise you might do bad stuff or get scammed and lose all your money.
For people that don't understand the technicals buy BTC might be better
I also think it's a very good thing to get a lot of FIAT into the actual backbone and infrastructure of Bitcoin and not only into the currency itself. Sure, it's tempting to see millions of USD flowing into BTC, but the ecosystem needs to sustain and justify the high prices, as well!
I hope this thread is right. I've got a few btc that I would sell off if the price goes high again. However, if they prices stays the same or drops, I'll just HODL till the ground.
It shows how much Bitcoin has already become 'a thing' where the big money is! They know about it, and a lot of people are very eager and willing to put some money in, at least 'pocket money'. And if you know who those people are, you know 'pocket money' isn't what pocket money is for us people! 
Is it even more exciting when you write it in bold?
Major news, getting very exited about it!
But impressive as it is, Wall Street's sudden desire to invest in Bitcoin is only one sign of bigger things to come for Bitcoin in 2015...
They must see tremendous potential in Bitcoin to dump millions of dollars into cryptocurrency startups. And now traditional investors are seeing that potential, too.
The number of merchants accepting Bitcoin exploded from 36,000 to 82,000. The number of Bitcoin wallets more than doubled from 3.19 million to 7.95 million. Bitcoin ATMs went from just four to 341.
"In the beginning, you get these wild speculative types, then slowly the numbers get bigger, then the suits move in," Glocer, the former Thomson Reuters CEO, told The Wall Street Journal . "And you wake up one day and it's a billion-dollar business."
Read more: http://www.nasdaq.com/article/big-wall-street-players-investing-in-bitcoin-startup-cm435611#ixzz3PedXhpAG
2015 will be so awsome, buy youre extra (full) coins now before waking up somewhere in this year and its all gone with this uber cheap coins.
But impressive as it is, Wall Street's sudden desire to invest in Bitcoin is only one sign of bigger things to come for Bitcoin in 2015...
They must see tremendous potential in Bitcoin to dump millions of dollars into cryptocurrency startups. And now traditional investors are seeing that potential, too.
The number of merchants accepting Bitcoin exploded from 36,000 to 82,000. The number of Bitcoin wallets more than doubled from 3.19 million to 7.95 million. Bitcoin ATMs went from just four to 341.
"In the beginning, you get these wild speculative types, then slowly the numbers get bigger, then the suits move in," Glocer, the former Thomson Reuters CEO, told The Wall Street Journal . "And you wake up one day and it's a billion-dollar business."
Read more: http://www.nasdaq.com/article/big-wall-street-players-investing-in-bitcoin-startup-cm435611#ixzz3PedXhpAG
2015 will be so awsome, buy youre extra (full) coins now before waking up somewhere in this year and its all gone with this uber cheap coins.
This is some of the best Bitcoin news in history, and the market will react eventually. 
The converse (the market won't react instantly) is also equally valid in the wonderful abstracted world of Bitcoin.
Capitulation is still too close for the market to react immediately, but for sure this will eventually play a part in a future rise.
First NYSE has stake in a Bitcoin company, now the Winklevii bringing a fully regulated, compliant exchange for both Institutions and Individual alike:
https://blog.gemini.com/welcome-to-gemini/
Time to buckle up gents. It's going to be a very good 2015. Bounce back year from the downward slope that was 2014.
https://blog.gemini.com/welcome-to-gemini/
Time to buckle up gents. It's going to be a very good 2015. Bounce back year from the downward slope that was 2014.
This is some of the best Bitcoin news in history, and the market will react eventually.
The converse (the market won't react instantly) is also equally valid in the wonderful abstracted world of Bitcoin.
This is some of the best Bitcoin news in history, and the market will react eventually.
PayPal works regardless of USD price, so knowing that USD is going to tank should not dissuade me from investing in PayPal.
Coinbase works regardless of BTC price, so knowing that BTC is going to tank should not dissuade me from investing in Coinbase.
Did this help?
Coinbase works regardless of BTC price, so knowing that BTC is going to tank should not dissuade me from investing in Coinbase.
Did this help?
What is it about "investing in PayPal is not investing in USD" that you find so difficult to grasp?
Investing in Paypal is investing in the potential profit to be made in USD remittance
Investing in Coinbase is investing in the potential profit to be made in BTC remittance
I can see the case for both. I can see the risks in both. Probably I'm not your target audience though.
What is it about "investing in PayPal is not investing in USD" that you find so difficult to grasp?
No money went into btc directly.
LOL. ! That's probably the most feeble attempt at bitcoin fud I've ever seen.
Think you'd better have another go. Maybe try the "$300 million is nothing" angle ? Or "it's just a tax write off" ?
"NotLambchop: This Obvious Serial Troll is currently ignored."
...
I'd say we have a long way to go before Bitcoin dies for good.
...
I'd say we have a long way to go before Bitcoin dies for good.
...
Remember to whistle a deceptively cheerful tune as you trudge to the gallows.
Bitcoin: Your living will envy the dead.
I don't know why you're all going on about the NYSE. Who gives a f*ck about them.
What about BBVA ?
This is massive. BBVA is a BANK. Not only are they a bank but they are a multinational and the second biggest bank in Spain.
http://en.wikipedia.org/wiki/Banco_Bilbao_Vizcaya_Argentaria
https://www.bbva.es/particulares/index.jsp
What's of significance here isn't this particular investment - albeit it's a big one - but what it says about how the established financial induistry sees cryptocurrencies. What this is is a hedge - and a pretty significant one at that because it's being done in full public gaze which means it's a message to their competitors.
For a multinational bank to declare an active interest in the future of Bitcoin to the point that they participate in the largest single VC round ever made gives the lie to all the mainstream media FUD that's appeared since the price decliine of 2014. It shows that interested parties take a totally different view to that of the clueless media critics who are slamming bitcoin just because of the price decline.
Make no mistake, whether it affects the price or not is immaterial. This is big stuff. It's nearly a quarter of the 2014 VC budget for the *entire industry*, spent on 1 company in 1 round in 1 month of 2015.
So far, we're tracking exactly the evolution of the world wide web in the early ninetees. Expect exponential growth at some point in the near future. The Netscapes and Google's are round the corner.
What about BBVA ?
This is massive. BBVA is a BANK. Not only are they a bank but they are a multinational and the second biggest bank in Spain.
http://en.wikipedia.org/wiki/Banco_Bilbao_Vizcaya_Argentaria
https://www.bbva.es/particulares/index.jsp
What's of significance here isn't this particular investment - albeit it's a big one - but what it says about how the established financial induistry sees cryptocurrencies. What this is is a hedge - and a pretty significant one at that because it's being done in full public gaze which means it's a message to their competitors.
For a multinational bank to declare an active interest in the future of Bitcoin to the point that they participate in the largest single VC round ever made gives the lie to all the mainstream media FUD that's appeared since the price decliine of 2014. It shows that interested parties take a totally different view to that of the clueless media critics who are slamming bitcoin just because of the price decline.
Make no mistake, whether it affects the price or not is immaterial. This is big stuff. It's nearly a quarter of the 2014 VC budget for the *entire industry*, spent on 1 company in 1 round in 1 month of 2015.
So far, we're tracking exactly the evolution of the world wide web in the early ninetees. Expect exponential growth at some point in the near future. The Netscapes and Google's are round the corner.
No money went into btc directly. When investors truly believe that something such as bitcoin will go up, they buy it directly (ex. look at people buying oil and storing it is ships, they don't care that it hasn't bottomed, they know it will go up because they believe in it.)
It's funny that bitcoin suppose to get rid of banks, now bitcoiners are begging for bank's in to save the dying bitcoin
Looks more like Banks are begging to get into Bitcoin LOL
Considering that we are still up over 8 Million percent even after the 85% correction (one of many) I'd say we have a long way to go before Bitcoin dies for good.
For the latest Eulogy after "dying" and coming back from the dead over 39 times:
http://bitcoinobituaries.com/
Haters gonna hate, trollers gonna troll
It's funny that bitcoin suppose to get rid of banks, now bitcoiners are begging for bank's in
Yes, the whoring for big money intensifies.
Why can't Bitcoin co-exist with the existing banking and financial system in place?
No need to replace what works....until it stops working.
For now, it can be an option or supplement. A few years ago hardly anyone did banking online, you'd have to go to the local bank and wait in line to meet with a banker to do any banking. Now you can open accounts, pay bills, send money, and transact using your mobile phone.
It doesn't have to be an either/or situation right now.
Wow, this changement happens so fast
I wonder when beggars will say "bitcoin hasn't to be succeed, just act as 1% of fiat then we are satisfied" later "just as long as banks allow bitcoin to live at $0.00001 then i am satisfied" etc..
What is a changement? And who's begging?
You do realize Bitcoin is 6 years old, right? Fiat has been around hundreds of years, but like all things, there is an end date.
I mean it's literally been only a few years since much of Europe switched to the Euro, replacing many of their existing currencies.
Don't become too invested in the concept of fiat in an overly increasing technology driven world. Could be gone before you know it.
It's funny that bitcoin suppose to get rid of banks, now bitcoiners are begging for bank's in
Yes, the whoring for big money intensifies.
Why can't Bitcoin co-exist with the existing banking and financial system in place?
No need to replace what works....until it stops working.
For now, it can be an option or supplement. A few years ago hardly anyone did banking online, you'd have to go to the local bank and wait in line to meet with a banker to do any banking. Now you can open accounts, pay bills, send money, and transact using your mobile phone.
It doesn't have to be an either/or situation right now.
It's funny that bitcoin suppose to get rid of banks, now bitcoiners are begging for bank's in
Yes, the whoring for big money intensifies.
This may increase Coinbase value not BTC......
It would be one thing if the newer folks shaded their nonsense for some time but most go full crackpipe showing their true colors. Ignore and ostracizing is the only option at this point. Dumbest thing I've read here in a while that wallst is going into alts at the deterioration of bitcoin. So ridiculous.
just said it ...
Bagholders now transitioning from calling 'beartroll' to being sour. Malicous stage and blaming it all on you next.
I don't know why you're all going on about the NYSE. Who gives a f*ck about them.
What about BBVA ?
This is massive. BBVA is a BANK. Not only are they a bank but they are a multinational and the second biggest bank in Spain.
http://en.wikipedia.org/wiki/Banco_Bilbao_Vizcaya_Argentaria
https://www.bbva.es/particulares/index.jsp
What's of significance here isn't this particular investment - albeit it's a big one - but what it says about how the established financial induistry sees cryptocurrencies. What this is is a hedge - and a pretty significant one at that because it's being done in full public gaze which means it's a message to their competitors.
For a multinational bank to declare an active interest in the future of Bitcoin to the point that they participate in the largest single VC round ever made gives the lie to all the mainstream media FUD that's appeared since the price decliine of 2014. It shows that interested parties take a totally different view to that of the clueless media critics who are slamming bitcoin just because of the price decline.
Make no mistake, whether it affects the price or not is immaterial. This is big stuff. It's nearly a quarter of the 2014 VC budget for the *entire industry*, spent on 1 company in 1 round in 1 month of 2015.
So far, we're tracking exactly the evolution of the world wide web in the early ninetees. Expect exponential growth at some point in the near future. The Netscapes and Google's are round the corner.
What about BBVA ?
This is massive. BBVA is a BANK. Not only are they a bank but they are a multinational and the second biggest bank in Spain.
http://en.wikipedia.org/wiki/Banco_Bilbao_Vizcaya_Argentaria
https://www.bbva.es/particulares/index.jsp
What's of significance here isn't this particular investment - albeit it's a big one - but what it says about how the established financial induistry sees cryptocurrencies. What this is is a hedge - and a pretty significant one at that because it's being done in full public gaze which means it's a message to their competitors.
For a multinational bank to declare an active interest in the future of Bitcoin to the point that they participate in the largest single VC round ever made gives the lie to all the mainstream media FUD that's appeared since the price decliine of 2014. It shows that interested parties take a totally different view to that of the clueless media critics who are slamming bitcoin just because of the price decline.
Make no mistake, whether it affects the price or not is immaterial. This is big stuff. It's nearly a quarter of the 2014 VC budget for the *entire industry*, spent on 1 company in 1 round in 1 month of 2015.
So far, we're tracking exactly the evolution of the world wide web in the early ninetees. Expect exponential growth at some point in the near future. The Netscapes and Google's are round the corner.
It would be one thing if the newer folks shaded their nonsense for some time but most go full crackpipe showing their true colors. Ignore and ostracizing is the only option at this point. Dumbest thing I've read here in a while that wallst is going into alts at the deterioration of bitcoin. So ridiculous.
Agreed, very bullish news. However, btc price hasn't budged a bit. It's like the collective mass just shrugged and said "Meh". Very curios.
It's out of mainstream for a while
I guess whenever the media feels like doing a what has happened since 2013-2014 to bitcoin and does a highlight reel we might see some more attention on these type of changes.
NYSE investing in anything Bitcoin related is extremely bullish for the future of Bitcoin. They are expecting it to grow and expand more. I think there will be a final drop down, then we will see Wall Street enter and see a new ath before the summers end.
wallstreet is on alts - old bitcoin is old - and not a good store for value so it's a bad investement.
no one watches the news. at least not some bs partnership agreements. nyse is NOT selling bitcoin
I think it's because coin base just released some USD web wallet. Even if Bitcoin meltsdown their business can survive
My guess is 75 million divided by their daily volume in days plus two weeks™.
But what do I care, I'll hope it's unexpected and comes when nobody could have predicted it. (As usual)
But what do I care, I'll hope it's unexpected and comes when nobody could have predicted it. (As usual
) 
Remind me, what does coinbase again, exactly?
Mostly monetize user data streams for business intel purposes would be my guess. A well proven business model. It'll be interesting to see if they are bought by Wells-Fargo or the Apple/Google class crowd. When the deal goes down (which could be what we are seeing) it may well be more beneficial for the purchaser to keep them outwardly independent...it would not make much difference to their 'product line' but it would be better for PR perhaps and a little bit of isolation helps on the legal front often times.
Coinbase seems to take a dim view of people who simply have control of a certain number of BTC even when the history is pretty easily traced. When it's not, they apparently simply cancel accounts from what I pick up from Maxwell's input. No wonder he's extra-motivated to try to change the course of Bitcoin's trajectory.
I don't get it.
What I do get is their exchange and money transmitting business and it's principal long term profitability, and that they represent an important name related to Bitcoin.
I don't think they have any other business model, don't think they have any use for investor capital and I see it questionable if they stand up to scrutiny once regulation comes through.
But what the hell, I better not complain.
The more risky business done with more money when it comes to Bitcoin, the greater chance there is for another hilariousity meltdown. I guess whoever slung a cool 75 mil at them couldn't wait for the fat chance that after regulation there could be others dumping even more in.
Had to quote this skepticism. Care to give a testable prediction for by when Coinbase will have experienced "another hilariousity [sic] meltdown"?
Reddit thread for those who *actually* want more info: http://www.reddit.com/r/Bitcoin/comments/2t1tp0/coinbase_raises_75m_from_dfj_growth_usaa_bank/
very bullish
Quote from: http://recode.net/2015/01/20/bitcoin-firm-coinbase-raises-75-million-from-dfj-the-nyse-and-two-banks/
Coinbase, a software company that allows people to buy bitcoin and enables businesses to accept it as payment, has closed a giant $75 million investment. In real U.S. dollars.
The round is by far the biggest investment in a bitcoin company to date. Beyond its size, the funding is sure to make waves in financial services thanks to the participation of three industry investors: the New York Stock Exchange, USAA Bank, and BBVA, a multinational bank with a large presence in Spain and Mexico. Former Citigroup CEO Vikram Pandit also personally invested in the company.
The round is by far the biggest investment in a bitcoin company to date. Beyond its size, the funding is sure to make waves in financial services thanks to the participation of three industry investors: the New York Stock Exchange, USAA Bank, and BBVA, a multinational bank with a large presence in Spain and Mexico. Former Citigroup CEO Vikram Pandit also personally invested in the company.
Quote from: http://dealbook.nytimes.com/2015/01/20/coinbase-a-bitcoin-start-up-raises-75-million-in-vote-of-confidence/
With its latest financing round, Coinbase has also received a nod from the established financial sector. New investors in Coinbase include the New York Stock Exchange, the financial services firm USAA and the Spanish bank BBVA. Vikram S. Pandit, a former chief executive of Citigroup, and Thomas H. Glocer, a former chief executive of Thomson Reuters, also invested in the round.
Nice to hear a little good news for once. I'm tired of all the haters.
institutional investors!
So we have the NYSE and the NASDAQ getting on board? Things are about to get real soon
any kind of news don't seem to affect the price nowadays beside hacked exchanges.
the news itself is great, but let's see how the market will react this month.
the news itself is great, but let's see how the market will react this month.
NYSE investing in anything Bitcoin related is extremely bullish for the future of Bitcoin. They are expecting it to grow and expand more. I think there will be a final drop down, then we will see Wall Street enter and see a new ath before the summers end.
The NYSE is a private entity?
Nope they are public.
Really, where is it traded? Is NYSE traded on the NYSE?
The NYSE is a private entity?
Nope they are public.
The NYSE is a private entity?
Oh yea! Now that's good news, just bought another coin for the stash.
I guess it's really good news, but Bitcoin doesn't do big jumps on good news anymore. It's good to see money flowing into BTC companies in these dire times - in terms of BTC price of course...
Remind me, what does coinbase again, exactly?
Mostly monetize user data streams for business intel purposes would be my guess. A well proven business model. It'll be interesting to see if they are bought by Wells-Fargo or the Apple/Google class crowd. When the deal goes down (which could be what we are seeing) it may well be more beneficial for the purchaser to keep them outwardly independent...it would not make much difference to their 'product line' but it would be better for PR perhaps and a little bit of isolation helps on the legal front often times.
Coinbase seems to take a dim view of people who simply have control of a certain number of BTC even when the history is pretty easily traced. When it's not, they apparently simply cancel accounts from what I pick up from Maxwell's input. No wonder he's extra-motivated to try to change the course of Bitcoin's trajectory.
I don't get it.
What I do get is their exchange and money transmitting business and it's principal long term profitability, and that they represent an important name related to Bitcoin.
I don't think they have any other business model, don't think they have any use for investor capital and I see it questionable if they stand up to scrutiny once regulation comes through.
But what the hell, I better not complain.
The more risky business done with more money when it comes to Bitcoin, the greater chance there is for another hilariousity meltdown. I guess whoever slung a cool 75 mil at them couldn't wait for the fat chance that after regulation there could be others dumping even more in.
Remind me, what does coinbase again, exactly?
Mostly monetize user data streams for business intel purposes would be my guess. A well proven business model. It'll be interesting to see if they are bought by Wells-Fargo or the Apple/Google class crowd. When the deal goes down (which could be what we are seeing) it may well be more beneficial for the purchaser to keep them outwardly independent...it would not make much difference to their 'product line' but it would be better for PR perhaps and a little bit of isolation helps on the legal front often times.
Coinbase seems to take a dim view of people who simply have control of a certain number of BTC even when the history is pretty easily traced. When it's not, they apparently simply cancel accounts from what I pick up from Maxwell's input. No wonder he's extra-motivated to try to change the course of Bitcoin's trajectory.
So Bitcoin now needs a $75m cash injection every day to stop the market cap hemorrhage and stay above $200?
Great! Bullish^2!
Great! Bullish^2!
Investing in the more profitable aspect of Bitcoin, no matter the price, an exchange. Makes sense.
Remind me, what does coinbase again, exactly?
...
Come on now, you should know by now that when good stuff like this happens, its not bullish, but instead dumps start crashing the price.
Dont get me wrong , I love BTC , but Ill give it a week to see where we are at lol.
In many cases in the past it looked as if the insiders bought before the info got public - and then after the announcement had moved the price they dumped into the rally banking on the profit they made.
Hey $75 million isn't anything to sneeze at! That's alot of money, pretty decent size investment money into Coinbase.
If NYSE didn't believe in the longterm viability of Crypto, they wouldn't have put in a stake in a Bitcoin based company.
Helps Bitcoin ecosystem longterm, but I don't anticipate any sort of price action to reflect this news.
If NYSE didn't believe in the longterm viability of Crypto, they wouldn't have put in a stake in a Bitcoin based company.
Helps Bitcoin ecosystem longterm, but I don't anticipate any sort of price action to reflect this news.
they are investing in a company, not underlying technology.
That's why I changed the title to say they are investing in the bitcoin ecosystem, not investing in bitcoinAnd to be fair, there is no way to "invest" in the protocol. Bitcoin does not need money to work and I don't know who you would give money too? The economy is now at the stage of development when businesses will build on the protocol. There is huge money to be made in legal exchanges, payment processing, insurance, bitcoin banking services, etc. That is what all the VC money is for.
I don't know what Coinbase is doing with that money, but there is a race on to be the first BTC ATM network. MSB Licensing money?
Maybe this is a great news for the bitcoin ecosystem , we will see if the price will rise or not ( but I don't think).
they are investing in a company, not underlying technology.
That's why I changed the title to say they are investing in the bitcoin ecosystem, not investing in bitcoin very bullish
Quote from: http://recode.net/2015/01/20/bitcoin-firm-coinbase-raises-75-million-from-dfj-the-nyse-and-two-banks/
Coinbase, a software company that allows people to buy bitcoin and enables businesses to accept it as payment, has closed a giant $75 million investment. In real U.S. dollars.
The round is by far the biggest investment in a bitcoin company to date. Beyond its size, the funding is sure to make waves in financial services thanks to the participation of three industry investors: the New York Stock Exchange, USAA Bank, and BBVA, a multinational bank with a large presence in Spain and Mexico. Former Citigroup CEO Vikram Pandit also personally invested in the company.
The round is by far the biggest investment in a bitcoin company to date. Beyond its size, the funding is sure to make waves in financial services thanks to the participation of three industry investors: the New York Stock Exchange, USAA Bank, and BBVA, a multinational bank with a large presence in Spain and Mexico. Former Citigroup CEO Vikram Pandit also personally invested in the company.
Quote from: http://dealbook.nytimes.com/2015/01/20/coinbase-a-bitcoin-start-up-raises-75-million-in-vote-of-confidence/
With its latest financing round, Coinbase has also received a nod from the established financial sector. New investors in Coinbase include the New York Stock Exchange, the financial services firm USAA and the Spanish bank BBVA. Vikram S. Pandit, a former chief executive of Citigroup, and Thomas H. Glocer, a former chief executive of Thomson Reuters, also invested in the round.
Come on now, you should know by now that when good stuff like this happens, its not bullish, but instead dumps start crashing the price.
Dont get me wrong , I love BTC , but Ill give it a week to see where we are at lol.
Short term, who the hell knows what effect this will have on price, if any. But I see this as a long term bullish indicator, that 5-10 years from now bitcoin will still be alive and well. And that it is an excellent long term investment.
they are investing in a company, not underlying technology.
very bullish
Quote from: http://recode.net/2015/01/20/bitcoin-firm-coinbase-raises-75-million-from-dfj-the-nyse-and-two-banks/
Coinbase, a software company that allows people to buy bitcoin and enables businesses to accept it as payment, has closed a giant $75 million investment. In real U.S. dollars.
The round is by far the biggest investment in a bitcoin company to date. Beyond its size, the funding is sure to make waves in financial services thanks to the participation of three industry investors: the New York Stock Exchange, USAA Bank, and BBVA, a multinational bank with a large presence in Spain and Mexico. Former Citigroup CEO Vikram Pandit also personally invested in the company.
The round is by far the biggest investment in a bitcoin company to date. Beyond its size, the funding is sure to make waves in financial services thanks to the participation of three industry investors: the New York Stock Exchange, USAA Bank, and BBVA, a multinational bank with a large presence in Spain and Mexico. Former Citigroup CEO Vikram Pandit also personally invested in the company.
Quote from: http://dealbook.nytimes.com/2015/01/20/coinbase-a-bitcoin-start-up-raises-75-million-in-vote-of-confidence/
With its latest financing round, Coinbase has also received a nod from the established financial sector. New investors in Coinbase include the New York Stock Exchange, the financial services firm USAA and the Spanish bank BBVA. Vikram S. Pandit, a former chief executive of Citigroup, and Thomas H. Glocer, a former chief executive of Thomson Reuters, also invested in the round.
Come on now, you should know by now that when good stuff like this happens, its not bullish, but instead dumps start crashing the price.
Dont get me wrong , I love BTC , but Ill give it a week to see where we are at lol.
Agreed, very bullish news. However, btc price hasn't budged a bit. It's like the collective mass just shrugged and said "Meh". Very curios.
very bullish
Quote from: http://recode.net/2015/01/20/bitcoin-firm-coinbase-raises-75-million-from-dfj-the-nyse-and-two-banks/
Coinbase, a software company that allows people to buy bitcoin and enables businesses to accept it as payment, has closed a giant $75 million investment. In real U.S. dollars.
The round is by far the biggest investment in a bitcoin company to date. Beyond its size, the funding is sure to make waves in financial services thanks to the participation of three industry investors: the New York Stock Exchange, USAA Bank, and BBVA, a multinational bank with a large presence in Spain and Mexico. Former Citigroup CEO Vikram Pandit also personally invested in the company.
The round is by far the biggest investment in a bitcoin company to date. Beyond its size, the funding is sure to make waves in financial services thanks to the participation of three industry investors: the New York Stock Exchange, USAA Bank, and BBVA, a multinational bank with a large presence in Spain and Mexico. Former Citigroup CEO Vikram Pandit also personally invested in the company.
Quote from: http://dealbook.nytimes.com/2015/01/20/coinbase-a-bitcoin-start-up-raises-75-million-in-vote-of-confidence/
With its latest financing round, Coinbase has also received a nod from the established financial sector. New investors in Coinbase include the New York Stock Exchange, the financial services firm USAA and the Spanish bank BBVA. Vikram S. Pandit, a former chief executive of Citigroup, and Thomas H. Glocer, a former chief executive of Thomson Reuters, also invested in the round.
Jump to: