Bitcoin News Mash-Up: The Samsung-BitFury Connection; Agora Commodities Goes Bitcoin-Only; and More

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Bitcoin News Mash-Up: The Samsung-BitFury Connection; Agora Commodities Goes Bitcoin-Only; and More

Following are the major Bitcoin news of the day

Samsung President Joins BitFury as Consultant
BitFury recently announced the appointment of Samsung Electronic President, Mr. Young Sohn, as their official consultant. Mr. Sohn will be a part of the company’s advisory board which aims to help the emerging corporate ventures engaged in the manufacturing of Bitcoin mining equipment. The Samsung President will be colleagues with semiconductor industry expert Jackson Hu and ex-General Catalyst managing director Jonathan Teo. In his reception speech, Sohn said:

“The company’s commitment to delivering results through strong and consistent execution of its business and growth strategy has not only allowed BitFury to become a highly respected global bitcoin company, but to also see new opportunities.”

Agora Commodities Decides to Focus Exclusively on Bitcoin
The precious metal dealer Agora Commodities announced recently to rename its company to Crypto Bullion Group, basically to highlight its growing interest in the cryptocurrency Bitcoin. After partnering up with other industry-startups, this bullion dealing company will launch a new online platform to continue its services. Speaking to Coindesk, the CEO of Agora Commodities, Mr. Joseph Castillo, said that they are looking to use Bitcoin as a technology, other than a cryptocurrency. They will soon be implementing smart contracts as a part of their expansion. The services will come into effect by the end of this year.

EBay CEO: “We are Very Open to Bitcoin”
In one of his first interviews to the Wall Street Journal as the CEO of eBay Marketplace, Devin Wenig said that he is very open to Bitcoin and his company would like to “experiment” with this cryptocurrency in the future. The statement came in context of eBay’s ex-partner PayPal which is also experimenting with Bitcoin as a technology and digital currency.

To contact reporter of the story: Yashu Gola at yashu@forexminute.com