Bitcoin News Mash-Up: BitPagos Raises Whopping Fund; Mt Gox Gets Bankruptcy Protection; and More

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Bitcoin News Mash-Up

Following are the major Bitcoin events that took place between June 18th and 19th

BitPagos Raises $600,000 in Funding
BitPagos, the renowned Argentina based payment processing company, received over $600,000 in funding. The funding was sponsored by a number of investors, including the major names like Pantera Capital and Second Market.

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The company’s CEO Sebastian Serrano expressed his excitement about this venture and said: “We now have a better understanding of our clients and we’re going to use this money to keep improving the platform, but more importantly to expand our business to more countries.”

Texas Court Approves Bankruptcy Protection for Mt. Gox
The long gone Japanese cryptocurrency exchange Mt. Gox recently got a new life line when Texas Court Judge Stacey Jernigan granted it the much awaited bankruptcy protection. The exchange will now be able to protect its assets in the US from the creditors. Also, it will be able to interrogate witnesses, as well as collect and review evidence for the ongoing investigation of lost 650,000 Bitcoins.

After US, TigerDirect Begins Accepting Bitcoins in Canada
Popular online retail store TigerDirect, which became one of the first major electronic stores to start accepting Bitcoin in US, is now setting another record by offering the similar services in Canada. According to the recent announcement made by the store’s representatives, TigerDirect customers in Canada will now be able to make payments in Bitcoin for the goods they bought from the online store. The store has once again collaborated with BitPay to ensure a smooth running of this service.

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

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