Bitcoin News Mash-Up: Japanese Exchange Receives Funding; Taxi App Make Plans for Bitcoin; and More


Bitcoin News Mash-Up

Following are the major Bitcoin events that took place between July 22nd and 23rd

Hailo App Probably Adding Bitcoin Payments
Taxi App Halo is planning to allow customers to pay with Bitcoins, as per the indication given by its CEO Jay Bregman. “We have [always] sought to find independent ways to provide benefit to our drivers and our passengers,” he said. “I believe strongly that bitcoin is one of these ways. Absolutely, like many other things, we actively looking into it.”


Japanese Exchange Receives $1.6 Million in Funding
Yuko Kano, a former employee of Goldman Sachs, raised a whopping $1.6 million in funding for a news exchange based in Japan, called Bit Flyer. According to a statement available on Bloomberg Businessweek, the aim here is to draw Bitcoin users back to Japanese cryptocurrency economy, which was shelved right after the downfall of Mt. Gox. Yuko further stated:

“That’s one less competitor for us, but it also left many Japanese with a very negative impression of bitcoin. We already had a company then and felt it was up to us to rebuild the trust.”

University Professor Receives $500,000 to Investigate Cryptocurrencies

Arvind Narayanan, an Assistant Professor of computer science from Princeton University , received a grant of $ 500,000 to carry out research related to cryptocurrencies, reveals the site Let ‘s Talk Bitcoin. The money was provided by the National Science Foundation on June 30 this year, for a paper entitled ” “TWC: Small: Addressing the challenges of cryptocurrencies: Security, anonymity, stability”.

To contact the assembler of the stories: Yashu Gola at

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