Bitcoin Price at $44 to $46, First Bitcoin Hedge Fund Opens in Malta, Possible Global Market Cap, Bitcoin Crop Circles and More

Bitcoin has been trading at from $44 to $46 USD a piece for the last two hours on Mt Gox as of the writing of this article, a big change from the $50 it cracked two days ago. But, the long term trend is still upwards, and we can’t see this changing anytime soon as more funds keep pouring into the Bitcoin ecosystem worldwide. The biggest news illustrating the emerging legitimacy of Bitcoin is the announcement of the first Bitcoin hedge fund in the world by Exante Ltd. The fund is based in Malta with Exante having offices in Malta, Russia and Singapore. Exante offers the Bitcoin Fund with an initial minimum investment of $100,000. The funds’ storage of Bitcoin includes security and anti theft mechanisms straight from a James Bond movie: covering data loss, hardware failure, jurisdictional risk, hacker risk, and dishonest employees. This includes password’s being separated into three different phrases and then stored in three different geographical regions worldwide. If anything, this means even more growth of the global market cap of Bitcoin. In fact, here’s a rough little infographic we found illustrating the potential future market cap of the global Bitcoin ecosystem, compared to now: Original image source And, straight from the fringes we have a Bitcoin crop circle. Extraterrestrial interest in the currency of the future? We’ll leave you to decide on that one .. Original image source Our other favourite Bitcoin sites and news of the moment: – Now anyone can sell anything for Bitcoin on Amazon, thanks to BitPay – Bitcoin Stickers for merchant shopfronts and Bitcoin enthusiasts – Good old BitMit, the eBay for...

The last 48 Hours in Bitcoin: Price at $44, BitPay Secures More Angel Investors, Kim Dotcom Bitcoin Mega Credit Card? MegaCard

The last 48 hours has seen an explosion of activity in the Bitcoin ecosystem and beyond. Most excitingly for all the investors / speculators / enthusiasts and those wondering whether to dip their toes in the cryptocurrency water – the BTC price is currently trading on MtGox at over $44 USD a piece, and has been trading steady at over $44 (EDIT: holding $46 for over two hours now) for the past two hours. Kim Dotcom tweeted on Monday that BItcoin was “the currency of the future” and that it’s time for a Bitcoin credit card. If anyone has the resources to pull if off it in a big way, it is most certainly the millionare behind the encrypted cloud storage service Mega, who rose to internet fame after the US shut down prolific file host MegaVideo in January 2012. MegaCard coming soon? In the last 24 hours, Bitcoin merchant processing service BitPay, which now has over 3 300 merchants using its service, has expanded its seed round: securing more angel investment from Ben Davenport, Trace Mayer, and A-Grade Investments. In February, BitPay recently relocated its office to the Atlanta Tech Village in the epicentre of Buckhead’s Financial District. Meanwhile, Forbes has pronounced that Bitcoin is ready to go mainstream with the first U.S Exchange, with Seattle based start up Coinlab recently receiving $500 000 in start up capital and announcing a recent partnership with Silicon Valley Bank. This brings Mt Gox, the largest Bitcoin exchange, to U.S shores. The exchange has a trade volume of nearly $500 000 000 per year; and this is forecast to grow by ten times in the...