Posted July 20th, 2015
Singapore-based Bitcoin trading platform and consultancy Coin Republic might be acquired by a foreign buyer, says an executive familiar with the cryptocurrency sector.
Founded by David Moskowitz in July 2013 as a platform for brokering Bitcoin for Singapore clients, as well as creating digital content to promote awareness of Bitcoin locally, regionally and internationally, Moskowitz also conducts seminars and provides consulting services for firms seeking to educate themselves about Bitcoin. When queried, Moskowitz responded, “I’ve been in discussions with several firms and have received offers, but can’t comment at this point.”
Unlike fiat currency, Bitcoin is a decentralised virtual currency with a bi-directional flow, meaning it can be traded for fiat currencies like the US Dollar, Euro and Singapore Dollar. A major criticism of bitcoin’s viability as a currency is has been its volatility, thought whether its value will ever be stable is questionable.
Uncontrolled by any central government or organisation, it enables pseudo-anonymous international transactions (e.g. virtual payments) and is held in electronic wallets. Bitcoins can be transacted and transferred between accounts with a bitcoin address, which are integrated into wallet applications.
Bitcoin transactions are recorded onto the Read more ... source: Bitcoin Warrior