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eBay CEO John Donahoe Is Bullish On Digital Currency, And He’s Keeping Tabs On Bitcoin

TechCrunch

There’s no doubt that Bitcoin is getting plenty of attention these days — we’ve seen folks like the Winklevoss Twins and Chamath Palihapitiya throw their financial weight behind Bitcoin in a big way — but despite all that it still hasn’t been embraced by the teeming millions just yet

Arguably, all it would take is the support of one big name to get the ball rolling, and for months Bitcoin aficionados have wondered if eBay would be willing to take up that mantle. It’s not hard to see why — in a brief interview with the Financial Times, eBay president and CEO John Donahoe said that the company was keeping its eye on Bitcoin and that in the months and years to come, digital currency is going to be “a very powerful thing”.

Granted, Donahoe’s admission that eBay is monitoring Bitcoin is far from a ringing endorsement for the…

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Circle Raises $9M Series A From Accel And General Catalyst To Make Bitcoins Mainstream

TechCrunch

Circle Internet Financial has launched with $9M of Series A funding to increase mainstream adoption of digital currencies like Bitcoin by providing a payment platform for consumers and merchants. Investors include Jim Breyer, Accel Partners and General Catalyst Partners.

All three invested in Circle founder Jeremy Allaire’s previous startup Brightcove, an online video platform that went public in 2012.

Circle is a payment platform that wants to make it easy for businesses and consumers to use Bitcoin and other digital currencies. Despite its association with Deep Web black market Silk Road, as well as concerns over its stability, more consumers and companies are beginning to show interest in Bitcoins because they can facilitate online payments at lower costs and with greater security and privacy than existing electronic payment methods. One potential draw for merchants is avoiding the fees and risks of fraud and chargebacks associated…

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