Advertise with us!

Author Topic: Bitcoin Startups Begin to Attract Real Cash  (Read 818 times)

0 Members and 1 Guest are viewing this topic.

Offline bitcoinforum.comTopic starter

  • Administrator
  • Legendary Member
  • *******
  • Joined: Nov 2011
  • Location:
  • Posts: 1458
  • Country: bz
  • Thanked: 14 times
  • Karma: +26/-0
  • Gender: Male
  • The Bitcoin genie is already out of the bottle.
    • View Profile
    • Bitcoin Startups Begin to Attract Real Cash
« on: May 07, 2013, 11:46:42 PM »
Bitcoin Startups Begin to Attract Real Cash

Venture Investors Pour in Millions, Adding Credibility to Internet Virtual Currency; Regulation Looms as a Concern

Bitcoin startups are beginning to raise sizable investment capital even as industry leaders warn that hackers are abusing the Internet virtual currency for profit.

In the past year, fledgling businesses Coinbase Inc., Coinsetter Inc. and CoinLab Inc. have raised millions of dollars collectively from prominent venture-capital firms and angel investors, adding credibility to a digital currency that isn't backed by a central bank.

On Wednesday, Bitcoin, which can be used to make payments over the Internet without transaction fees or involving a financial institution, is expected to win its biggest validation to date with a $5 million investment in San Francisco-based Coinbase led by Twitter Inc. investor Union Square Ventures.

That investment would top last month's more than $2 million put into OpenCoin Inc., another virtual currency startup whose backers include venture firm Andreessen Horowitz.

"This is going to be a trigger point," said Union Square managing partner Fred Wilson of the Coinbase investment. "You'll see lot more venture money being poured into this space."

Read the full article
"No man has received from nature the right to give orders to others. Freedom is a gift from heaven, and every
individual of the same species has the right to enjoy it as soon as he is in enjoyment of his reason."
(Denis Diderot)


Bitcoin Startups Begin to Attract Real Cash

Started by iBits

Replies: 0
Views: 568
Last post May 08, 2013, 06:54:27 AM
by iBits
Bitcoin Zombie Cash

Started by

Replies: 1
Views: 1345
Last post October 16, 2012, 11:58:42 AM
by rTech
theverge: Bitcoin exchange gains clearance to operate as a real bank in France

Started by

Replies: 0
Views: 1104
Last post December 07, 2012, 07:43:21 PM
Emirates open skies - goodbye cash – could bitcoin be the paperless future?

Started by

Replies: 0
Views: 1542
Last post January 30, 2013, 09:59:34 AM
by attempts to bring Bitcoins to the real world with a Bitcoin ATM

Started by

Replies: 0
Views: 3996
Last post February 25, 2013, 11:16:12 PM

Advertise with us (we do not endorse any site advertised)