Reuters News
Canadian police have launched an investigation after online bitcoin bank Flexcoin, which closed its virtual doors this week, said that it had lost about $600,000 worth of the digital currency in a hacker attack, Reuters reported. Flexcoin's demise followed the collapse of Mt. Gox, once the world's dominant bitcoin exchange, which filed for bankruptcy last week.
Following a report in Newsweek that he is the creator of bitcoin, Satoshi Nakamoto on Thursday denied any involvement with the digital currency, Reuters reported.
Business Insider raised $12 million in another round of capital from investors including Amazon's Jeff Bezos, Institutional Venture Partners, RRE Ventures and former Wall Street Journal publisher Gordon Crovitz, according to a Wednesday post by its founder Henry Blodget.
ServiceMax field service management company said Tuesday it had raised $71 million in new financing, bringing its total funding to $120 million, Reuters reported.
Data security firm Varonis Systems Inc expects its initial public offering of about 4.8 million shares on Friday to fetch $22 per share and raise $105.6 million, above its previous estimate of $19 to $21 per share, Reuters reported.
What can you do if you deposited bitcoins at Mt. Gox, which shuttered on Tuesday with little explanation? Probably not much.
Using mobile apps to connect passengers with drivers, ridesharing services like UberX and Lyft, which have VC backing, say they are bringing new zip to transportation. But a number of cities say they don't want to share the road until they get something utilitarian: better insurance.
New York-based Collaborative Fund has raised a $33 million venture-capital fund to focus on the shared economy, it said in a blog post
Manhattan U.S. Attorney Preet Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges, and businesses that deal in bitcoin to seek information on how they handled recent cyber attacks, a source familiar with the probe said on Wednesday.
Feb 24 (Reuters) - Mark Karpeles, chief executive of Mt. Gox, the embattled Toyko-based bitcoin exchange, resigned on Sunday from the board of the Bitcoin Foundation, in the latest blow to the digital currency.