Investors Sound Off on Coinbase's Record-Setting Fundraising

Investors Sound Off on Coinbase's Record-Setting Fundraising

Bitcoin services provider Coinbase announced today that it had closed a $75m Series C funding round from a host of notable investors - to date the largest round raised by any company in the industry. The confirmation of what had been rumored to be bitcoin's largest-ever funding round inspired widespread reaction on social media, and also had a positive correlation on the CoinDesk Bitcoin Price Index. The price of bitcoin rose to $212.99 on the news, up from $205.15 at 14:00 UTC, the time of its publication on the Coinbase blog. A similar spike was also observable in CNY markets. Following....


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Quotes

Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.

Satoshi Nakamoto, Bitcoin Developer