OpenCoin raises seed round so ‘anyone in the world can trade any amount of money in any currency’

April 11, 2013 10:42 AM Rebecca Grant
Rebecca Grant

OpenCoin is a startup building a simple, global, open currency system. Today, the company announced closing an angel round of funding to expand the Ripple protocol, a virtual currency and payments system that allows "anyone in the world to trade any amount of money in any currency."

Bitcoin value spikes after hacker demands ransom in the currency

September 5, 2012 6:40 PM Meghan Kelly
Meghan Kelly

In many hacking cases, there are unexpected parties who are affected. In the case of Mitt Romney's tax returns being held ransom for $1 million Bitcoins, the hacker probably didn't expect to improve the market for Bitcoins overall, but that's exactly what happened.

Facebook payments to challenge PayPal, Google, Apple, and more

June 25, 2012 5:30 AM John Koetsier
John Koetsier

Facebook’s very quiet announcement last week that it is dropping Facebook Credits in favor of local currency pricing was likely the quietest declaration of war the world has seen. The notice, made on the company’s developer blog, means Facebook is …