Bitcoin wallet Armory raises $600k in seed funding
Secure bitcoin wallet Armory has raised $600,000 in funding from a number of prominent investors. The seed round investment was partially made in bitcoin, and featured a contribution from entrepreneur, journalist and avid freedom of speech defender Trace Mayer. Las Vegas-based entrepreneur and Harvard University graduate Kevin Bombino also invested, as did Jim Smith, a fund manager and private investor. Alan Reiner, founder and CEO of Armory, said he was "super excited" about the investment. "This project has been an obsession of mine for the last two years, and I had been looking for an....
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A group of prominent investors recently made a play in the bitcoin wallet space by backing startup Armory Technologies, Inc. The $600,000 seed round investment will go mostly towards funding and expanding development. Interestingly, this placement brings into focus a much larger issue: the monetization of bitcoin wallets. It's no mistake that Armory founder and CEO Alan Reiner told CoinDesk: "This first 12 months is more about developing a quality product than it is figuring out how to monetize it." An effective wallet monetization strategy doesn't exist yet. Even lead investor Trace Mayer....
It is raining investments in the digital currency sector. A number of companies have raised millions of dollars in funding in recent days. Case Wallet Inc. also known as CryptoLabs has recently raised another tranche of seed investment of about $750,000 towards its bitcoin wallet business. Case Wallet Inc. is the manufacturer of Case secure hardware bitcoin wallets. The New York based startup has so far raised seed investment of about $2.25 million, including the earlier $1.5 million raised in June 2015. With the latest tranche of investment, the seed investment round stands closed. READ....
Armory has thrown is support behind Segregated Witness (SegWit) as a way to address the bitcoin network scalability challenge, the wallet noted on a Github post. The Armory opposes hard forks that can attack the original bitcoin blockchain. Armory would consider supporting a long-lasting fork that does not attack the original chain and allow its users to transact on that chain if necessary. Depending on the extent of the changes, Armory could deploy the change completely and implement a migration tool to another wallet supporting the change. It could also choose not to support the fork.....
Armory Technologies Inc. will be changing leadership soon. This announcement was made on the bitcointalk.org forum today by Armory CEO Alan Reiner. Armory Technologies, founded in 2011 by Reiner, Developed the Armory wallet, an open-source bitcoin wallet with security features like multisig and cold storage very early in Bitcoin’s development. Other security implementations like PGP signing of their packages instead of using the less secure md5 hash system made Armory one of the most secure open-source bitcoin wallets available. Failure of their enterprise offerings has brought the company....
Armory Technologies has extended its ongoing donation drive in honor of late bitcoin developer Hal Finney. Finney, a pioneer in the field of cryptography and the first person to receive a bitcoin transaction, passed away last Tuesday at the age of 58 after a long battle with amyotrophic lateral sclerosis (ALS). The open-source bitcoin wallet management platform announced today that it would match up to 10 BTC in donations made to the Hal Finney Bitcoin Fund for ALS Research through its 'simulfunding' (simultaneous funding) platform. Originally scheduled to end 1st September, the donation....