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In bid for credibility, largest BTC exchange moves to Silicon Valley

http://arstechnica.com

The world's leading Bitcoin exchange, Mt. Gox, has announced a partnership with the Silicon Valley startup Coinlab. Under the agreement, Coinlab will handle Mt. Gox's American operations, which account for a large majority of the exchange's business. The transition will occur on March 22. CoinLab raised half a million dollars of venture capital last year. At the time, the firm was touting a scheme to exchange bitcoins for currency in games such as World of Warcraft and Second Life. Taking over Mt. Gox's US portfolio has the potential to be a much bigger deal, as it will make CoinLab the world's largest intermediary between bitcoins and conventional currencies.

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Cyphase's picture
Created by Cyphase 1 year 6 weeks ago – Made popular 1 year 6 weeks ago
Category: Money   Tags:

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