Well it looks like the Department of Homeland Security is investigating Mt. Gox and the primary complaint is operating an unlicensed money transmittal business. Things do not look good for Mt. Gox. Its US accounts are being seized. This …
It’s no secret that that I see the opportunity for Bitcoin to disrupt multi-billion-dollar markets and dramatically cut transaction costs for people around the world. We are in the early stages of innovation in this ecosystem, and Lightspeed wants …
FinCEN, the department of the Treasury responsible for fighting financial crimes has already issued guidance on how it views Bitcoin. Now it looks like the Commodities Future Trading Commission may also seek to regulate Bitcoin. More regulation is …
Right now, more than 80% of Bitcoin volume is in the USD market. And many of the pundits commenting on Bitcoin, both positively and negatively, are in the US. So it is natural to assume that Bitcoin adoption will …
The LA Times and Chicago Tribune are for sale. BarryDiller recently announced that buying Newsweek was a mistake. They are not alone in their distress. Newspapers and print magazine across the country are under increasing pressure as they …
For there to be a deep and liquid exchange marketplace in Bitcoin, the primary Bitcoin exchange needs to be robust and performant, with millisecond trade execution timeframes under heavy volume. Right now, Mt. Gox, the primary place where people can …
Supercell raised $130M at a $770M valuation and got a lot of press for it recently. It is well on its way to being a billion dollar game company. Also on that track are companies like Kixeye (a Lightspeed portfolio …
This week, the price of Bitcoin hit an all-time high of $266 and then a “flash crash” brought the price tumbling down to $105. What happened? The largest exchange Mt. Gox reported that it had seen dramatic increases in new …
I’ve been fascinated by the potential disruption that Bitcoin represents. Disruptions like this could create both massive value destruction for incumbents and massive value creation for startups, which is exactly where entrepreneurs and VCs should be playing.
I recently did …
