THE NEWS WRAP: Bitcoin merchant raises $30 million in funding, reviving crypto-currency’s fortunes

US-based bitcoin merchant processor Bitpay has raised $US30 million ($A32m) in Series A funding, the largest amount ever raised in a financing round for a bitcoin company.

 

Investors include Index Ventures, Yahoo founder Jerry Lang’s AME Cloud Ventures, Felicis Ventures, PayPal founder Peter Thiel’s Founders Fund, Horizon Ventures, RRE Ventures, Virgin Galactic’s Sir Richard Branson and TTV Capital.

 

Cheaper Kinect-free Xbox One announced

 

Microsoft has announced it will be releasing an Xbox One without the Kinect sensor, resulting in a significantly lower cost.

 

The console launched in Australia last year for $599, the new Kinect-free version will be $100 cheaper, retailing for $499 when it’s released on June 9.

 

Split-screen multitasking coming to iPad?

 

In an effort to match Microsoft Surface’s “snap” feature, Apple appears likely to add a new split screen multitasking feature to iOS 8.

 

Overnight

 

The Down Jones Industrial Average is up 19.97 to 16,715.44. The Australian dollar is trading at US93 cents.

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