NASHVILLE, TN—BTC Media LLC, parent company of financial technology magazine yBitcoin and its website www.ybitcoin.com, has as of January 21, 2015 completed the purchase of Bitcoin Magazine from Coin Publishing LLC.
January 21, 2015 FOR IMMEDIATE RELEASE Contact: Tyler Evans 256-539-6100
“Our mission is to educate the world about Bitcoin and expand its reach,” said BTC Media Publisher Calli Bailey. “Bringing yBitcoin and Bitcoin Magazine under one united media group provides us with multiple platforms for doing just that.” The company also plans to begin publication of yBitcoin in other languages which will significantly expand its international presence.
yBitcoin will continue its editorial strategy of informing a general readership about Bitcoin.
Bitcoin Magazine is the first publication devoted exclusively to Bitcoin, the digital currency that burst onto the international economic scene as open source software in 2009. Magazine founders Mihai Alisie and Vitalik Buterin published their first issue in May, 2012 and later joined forces with Orlando, Florida-based Coin Publishing LLC to produce 22 issues. The magazine is mailed to subscribers worldwide, sold at Barnes & Noble bookstores and published online at www.bitcoinmagazine.com.
BTC Media founders Calli S. Bailey and David F. Bailey plan to capitalize on the acquisition by increasing their company’s online news and analysis, among other benefits of the merger.
BTC Media has also established a partnership with decentral.tv, a leading video content provider, and is co-hosting a “Bitcoin House” at this year’s SXSW™ music, film and interactive conference in Austin, TX. “Between print, digital, video and events, BTC Media is prepared to engage our audience through every medium and carry cryptocurrency forcefully into the mainstream,” said David Bailey.
“This purchase and the enhanced resources it brings into our fold make BTC Media the world’s leading Bitcoin media group,” said CEO David Bailey. “Our readers will now have access not only to the same in-depth feature stories they’ve always found in yBitcoin, but also to breaking news about a cryptocurrency world that is growing exponentially. We aim to be the most trusted source for news in this field by offering relevant information to every reader, regardless of their familiarity with Bitcoin.”
The company plans to establish new headquarters in Nashville, Tennessee, where it will avail itself of the vibrant publishing and tech sectors flourishing there.
BTC Media Acquires Bitcoin Magazine
Tony Gallippi, co-owner of Coin Publishing LLC and executive chairman of BitPay, commented, “The BTC Media publication yBitcoin has played an instrumental role in introducing Bitcoin to the world. We knew this would perfectly fit our effort to spread the Bitcoin story to a larger audience. We’re extremely proud of Bitcoin Magazine’s accomplishments, but know that we’ve only scratched the surface. The opportunity to join forces with BTC Media’s extremely capable and visionary team was the strategic move we needed to fully realize our potential.”
BTC Media plans to relaunch Bitcoin Magazine and add a lineup of industry experts as contributors. The company is also expanding its team to manage the expanded joint publishing effort. BTC Media is committed to investing heavily in BCM’s digital offerings and establishing BitcoinMagazine.com as the leading brand in cryptocurrency news and analysis.
Bitcoin Core Roadmap Unveils Signature Optimization Plan
Bitcoin Core developers released a new technology roadmap today that charts the project's planned transition from its current digital signature algorithm to a more advanced alternative.
Bitcoin Has Grown beyond Volatility Issues
The volatile nature of Bitcoin and other cryptocurrencies has worked both ways. Traders peg their hopes on volatility to make money while those who prefer investing long-term dread the price fall.
Report: Bitcoin Social Media Scams Are On the Rise
The rise in popularity and price of bitcoin has led to greater instances of scams perpetrated through social media, according to a new report.
Released by ZeroFOX, the report categorizes these new
BATS Objects to Bitcoin ETF Ruling, Plans to Appeal Decision
BATS Global Markets, a global stock market exchange based in the US, plans to appeal the March 11 decision of the Securities Exchange Commission to turn down the approval of the Winklevoss twins’
Blockchain is Overhyped and Not Quite Applicable: VC Andrew Parker
Andrew Parker, a partner at Spark Capital, a New York-based venture capital firm which transformed various early-stage startups including Twitter, Tumblr, Stack Exchange and Foursquare into
Forking is Easy, Maintaining Bitcoin Unlimited is Hard: Andreas Antonopoulos
Bitcoin and security expert Andreas Antonopoulos noted that the execution of a hard fork solution like Bitcoin Unlimited isn’t necessarily the difficult stage of development. The challenging task is
Canadian Regulator: Blockchain & Fintech Needs Open Data Access for Development
Canada’s largest securities regulator has stated that open access to data is fundamental to developing fintech solutions like blockchain technology, in a white paper, reports Reuters.
(+) Investment Recommendations: March 23rd
Bitcoin, Daily Chart
The long-term picture is still clearly positive for the most popular cryptocurrency, despite the recent volatile correction. The major trend channel is still in play, with