Buttercoin Announces Permanent Shutdown on April 10th

Buttercoin Announces Permanent Shutdown on April 10th

Buttercoin, an American start-up that provides digital currency exchange services, has announced that it will be closing its operations on April 10, 2015. According to the company, it is shutting down due to a lack of interest in Bitcoin among venture capital firms. Interestingly, the reason cited has surprised many Bitcoin observers, as lately there has been a lot of seed funding by venture capitalists in several Bitcoin startups. Just four months ago, Buttercoin was backed by Y Combinator and Google Ventures and was quite optimistic about the services it announced over the /r/BitcoinMarkets:


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