Barry Silbert Leads $250k Investment in Indian Bitcoin Startup Unocoin
Bitcoin exchange and merchant payment processor Unocoin has closed a $250,000 funding deal with Barry Silbert's Bitcoin Opportunity Corp. The Bangalore-based company has come a long way since launching in December 2013. After dealing with initial uncertainty surrounding local regulation of digital currency businesses, it has grown into one of India's most popular bitcoin gateways. Silbert told CoinDesk: "I believe that Unocoin has the potential to become the leading bitcoin company in India for buying, selling and storing bitcoin, as well as merchant processing. As an early investor in....
Related News
Barry Silbert and his Bitcoin Opportunity Corp. is at it again. This time around, Silbert is reported to have invested a whopping $250,000 in a Bangalore, India-based bitcoin start-up called Unocoin. It's one of a few investments Silbert has made in recent history in the sector, which includes $250,000 in Mexican bitcoin exchange Volabit, and another $250,000 in Swedish bitcoin services company Safello. With interest in bitcoin and other digital currencies in India rising, it's prime territory for an investor. Not only for investors, though, it's an excellent opportunity for the Indian....
Bangalore-based startup UnoCoin has raised an impressive $1.5 million in a pre-series A funding round. Bangalore-based startup UnoCoin has raised an impressive $1.5 million in a pre-series A funding round, the largest sum ever comprised for a digital currency company in India’s history. Among the investors were Blume Ventures, Mumbai Angels, Bank to the Future, Bitcoin Capital, FundersClub, and Digital Currency Group and Boost VC, headed by Barry Silbert and Adam Draper respectively. Expressing his enthusiasm, Silbert believes the company will do great things in the future: “Since making....
Mexico-based bitcoin exchange Volabit has received $250,000 in new funding, an amount the company says will be used to further establish itself in the digital currency market. The capital comes from Bitcoin Opportunity Corp, a investment vehicle headed by SecondMarket and Bitcoin Investment Trust CEO Barry Silbert. Speaking to CoinDesk, Silbert said that he is confident Volabit can gain the users it needs to target the country's underserved consumer market, and that his firm's investment is a reflection of this belief. Silbert told CoinDesk: "Through the use of bitcoin, Volabit has the....
See the announcement here. Barry Silbert sends out a teaser tweet. Founder and CEO of SecondMarket Barry Silbert, took to Twitter on Wednesday evening to tease his followers. Barry Silbert tweeted that he will be sharing some interesting news about the Bitcoin Investment Trust, the next day. Excited to share some @BitcoinTrust news tomorrow... The Bitcoin Investment Trust has received a great deal of interest since its announcement in September of last year, allowing accredited and institutional investors to be exposed to the bitcoin realm sans having to deal with buying, storing, and....
Unocoin, an Indian bitcoin exchange that facilitates the country’s users to buy, sell and store bitcoins has blocked access to user accounts. The drastic move is a “temporary” measure, the bitcoin startup adds, noting that it is facing a “DNS resolution issue” since the early hours of November 3, Indian time. An email sent out to customers read: Please note that due to a DNS resolution issue that Unocoin.com is facing since 3rd November 2016 morning, the access to Unocoin.com accounts are temporarily restricted. We shall update you shortly once we resume to normal. Due to the same reason,....