Bitcoin News Mash-Up: Barry Silbert’s Investment; Another Warning for Cryptocurrency Investors; and More

By August 12, 2014Bitcoin Business
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Barry Silbert Invests $250k in Indian Company
Bitcoin Opportunity Corp, the investor group led by Barry Silbert, recently announced to invest around $250k in Unocoin, a Bitcoin-centered company based in Bangalore, India. The latter was launched less than a year ago and has now set quite a niche for itself among the Indian Bitcoin fanatics. Unocoin is also speculated to be the fastest emerging Bitcoin firm in India and entire Asia. The investments made by Barry Gilbert is sure enough to send Unocoin to further heights.

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CFPB Director Criticizes Bitcoin
The director of the Consumer Financial Protection Bureau (CPFB) Richard Cordray voiced concerns over the growing popularity of Bitcoins, saying that consumers are stepping into the “Wild West” when they are engaging in the virtual currency market. He said:

“Virtual currencies may have potential benefits, but consumers need to be cautious and they need to be asking the right questions. Virtual currencies are not backed by any government or central bank, and at this point consumers are stepping into the Wild West when they engage in the market.”

This comment was followed by a statement released earlier by the CPFB in regards of giving more attention to Bitcoin and other cryptocurrencies.

Buying Bitcoin via Wire Transfers Becomes Possible
Global Alert Pay, the London and Montreal based online payment processor recently announced to introduce a new service that will allow customers from over 190 countries to buy Bitcoin using their bank accounts. Controversial and celebrate Bitcoin entrepreneur Charlie Shrem, who is associated with this project as a Business Development consultant, also conveyed the same message via Twitter and said:

“This is our first step into the exciting space of cryptocurrency, currency that exists solely in the digital world. At Payza, we’re very interested in bitcoin and cryptocurrency, and we have big plans to expand the way bitcoin can be used on our platform.”

To contact the assembler of the stories: Yashu Gola at

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