Remember when bitcoin was going to disrupt the world’s banking system? That was two years ago and, while new payment platforms like Venmo and Apple Pay have gained traction, virtual currencies now feel more like a fad than a phenomenon.
A leaked list suggests some familiar names will participate in an upcoming bitcoin auction by the US government. This raises the question of why people would participate in a currency auction in the first place.
The soaring price of bitcoin likely minted many new millionaires last year. They owe the tax man some of their profits, but no one is sure how much.
SecondMarket made its name – and a lot of its money – as a forum for pre-IPO Facebook shares. Now, it’s betting on Bitcoin and other exotic investments to reclaim mojo; but its best opportunity may be as a service provider to a growing ranks of angel investors.
Exchange traded funds made gold a more liquid commodity. Can they do the same for Bitcoin? SecondMarket says, yes, but at least one investors suggests the fund is a “turd.”