Ecommerce

Most Venture Funding Since 2001

The second quarter of this year saw the most U.S. venture funding since the dotcom boom days, according to data from Thomson Reuters and the National Venture Capital Association.

Bitcoin Investment Skyrockets

There has already been more venture capital poured into digital currency bitcoin this year than all of the last year, CoinDesk data shows. In fact, $113 million has been invested into bitcoin startups in 2014.

Yelp is Now Profitable

Yelp reported a 61% increase from the same period last year with $89 million in revenue for the 2Q, beating analysts' estimates of $86 million.

Amaya CEO Baazov Goes on Indefinite Leave

Amaya Inc Chief Executive David Baazov was taking an indefinite paid leave of absence, the Canadian gambling website operator said, a week after Baazov was charged with insider trading by Quebec's securities regulator.

Bitcoin Legalized in California

Digital currencies such as Bitcoin and customer-reward points are now legal forms of payment in the state of California.