The value of digital currency Bitcoin plunged 21% to $619 from $783 after Tokyo, Japan-based exchange paused its trading because of an increase in withdrawal requests.
Finance/Venture
IBM aims to look for chip business joint venture as sale plans fail- sources
As plans to look for a buyer for its chip manufacturing business fail, IBM is said to be looking for a joint venture partner for the operations, according to sources interviewed by Bloomberg.
Silk Road operator gets November 3 trial date for online drug case
Alleged Silk Road operator Ross William Ulbricht will have a November 3 trial date after pleading not guilty in a Manhattan federal court, Bloomberg reported.
Private equity firm KKR to purchase National Vision
KKR, a private equity company, will be purchasing optical retailer National Vision based in Lawrenceville, Georgia for an undisclosed amount, The Atlanta Journal Constitution reported.
Startup Bitcoin Kinetics offers 10 billion shares of Bitcoin-denominated stock
Ten billion shares of common stock were offered by bitcoin firm Bitcoin Kinetics on the website Cryptostocks, Quartz reported. The startup intends to make hardware that enables vending machines to accept payment in Bitcoin.
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New Bitcoin startup investor Ben Horowitz of US-based venture capital firm Andreessen Horowitz and Bitcoin skeptic Felix Salmon made a bet against each other on the status of the digital currency as a payment mechanism by 2109.
Fidelity Worldwide Investment's Head of Asian Fixed Income Sabita Prakash has left the firm, according to a source interviewed by Reuters and confirmed by a company spokesman.
Kolkata, India-based public sector enterprise Balmer Lawrie & Co Ltd bought Mumbai-based travel venture Vacations Exotica including its employees and customers from Vacations Exotica Destinations Pvt Ltd for an undisclosed sum.
Preliminary approval was given by the State of Maine Senate to LD 1512 which allows even residents that earn modest income to back potentially high-growth domestic startups, PressHerald.com reported.
Startups that intend to give Bitcoin investors protection from losses arising from hacking and theft have emerged from the phenomenal rise of the digital currency, Bloomberg reported.
San Francisco, US-based scientific research crowdfunding platform Experiment.com (formerly Microryza) opened its site to include independent scientists in the scientific communities that the firm supports.
Eight startups that graduated from the Fall 2013 class of StartX, the non-profit accelerator for entrepreneurs in the Stanford community, held a demo day in Silicon Valley, TechCrunch reported.
CircleCI was able to raise $6 million for its Series A funding round from DFJ, a venture capital firm, according to VentureBeat which cited a company blog post.
PayNearMe, a company based in Sunnyvale, California that allows cash lovers to pay for their online transactions in cash, has raised $20 million for its fifth financing round, VentureBeat reported.
