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Bitbond raises $1.2 million to grow its global SME lending platform

PRESS RELEASE:Berlin, Germany - Feb. 22 2017 Global SME lending platform Bitbond today announced the closing of an equity funding round of $1.2 million (€1.1 million). This round brings Bitbond’s raised equity capital to a total of $2.3 million.

Led by mobilike founder Şekip Can Gökalp, a number of business angels contributed to the round. Among them were Fyber founders Janis Zech and Andreas Bodczek as well as Kreditech co-founder & CEO Alexander Graubner-Müller.

Bitbond will use the additional funds for further product development and to grow its user base in markets which are underserved by traditional lenders. Over 1,600 loans worth $1.2 million were originated on Bitbond since its launch. 76,000 users from 120 countries registered with the service to date.

Founder & CEO of Bitbond Radoslav Albrecht said: “The additional resources will help us to continue realizing our mission which is to make lending and borrowing globally accessible. We are happy to have such experienced investors supporting us on this exciting journey.”

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Here's How the Gaming Industry is Embracing Bitcoin

There have been a lot of changes in the gaming industry this year, not limited to the new wave of virtual reality headsets that have been released, such as the Oculus Rift and the HTC Vive, and innovations like No Man’s Sky, a title that was heralded as the first computer generated open universe game. However, perhaps one of the most overlooked but nevertheless exciting developments has been the industry’s wholehearted embrace of the advantages of bitcoin, which has been long overdue. Here are three different ways the gaming industry has been utilising bitcoin to improve gamers' experience.

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Why Are Bitcoin Casinos Slowly Winning the Race?

The arrival of crypto currency was welcomed initially by tech savvy individuals and speculators. The former were counting on Bitcoin to grant more freedom and empower people, while making commerce easier. Equally keen on capitalizing on the new currency, were long-term investors. Everyone is still pretty much hooked on Bitcoin and online gambling operators have also jumped on the bandwagon. They feature on the list of accepted payment methods on an increasingly high number of casinos.

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Understanding The DAO Hack for Journalists

By David Siegel

EARLY IN THE MORNING of June 17th, 2016, an unknown person or group attacked a fund called The DAO, exploited a software vulnerability, and started draining Ether, a cryptocurrency, from the main address where it was stored. This is my attempt to help journalists understand what happened and why it’s important to get the story right.

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Bitcoin’s Halving Event: Is The Bitcoin Community Ready For This?

Ethereum has been the hottest topic in digital currency for 2016, with their massive price spikes, new DApps programs, and The DAO that is changing the way the world can do business. Yet, for all that Ethereum has accomplished in less than one year on the public market, it may just be a mid-card distraction that builds up to the main event of 2016 when it comes to the future of digital currencies. Bitcoin’s Halving Event is coming in July, and it is time to see if Bitcoin ready for an economic test like it has never before in its seven-year history? Is the Bitcoin community ready for this?

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Swiss Town of Zug Welcomes Bitcoin

The small town is already known for its fast growing fintech operations, even being called “Crypto Valley” by some, with 15 fintech-oriented companies being located there. Apparently the town council has hopes Zug’s trend as a financial tech hub continues - having embraced the new identity with this legislative move.

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