Tim Draper-Backed Bitcoin Exchange Vaurum Rebrands as Mirror
Vaurum, an institutional-grade exchange platform for bitcoin investors, has changed its name to Mirror. The Palo Alto-based company aims to build out a 'mirror' of the traditional financial system by providing more liquidity to bitcoin markets. In a blog post published today about the rebranding, Mirror presented its platform as one that would include several advanced services including escrow-based trading and liquidity. Mirror also announced some service consolidation that it said will allow the company to leverage technology it is building to develop cryptocurrency into a more advanced....
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Tim Draper, the bitcoin mogul who's famed for buying the confiscatedSilk Road bitcoins from the U. S. Federal Government, backed a bitcoin exchange called Vaurum with plans to move forward with the bitcoin business. However, on Vaurum's third birthday the company decided to rebrand as "Mirror" as a bitcoin exchange and shift their focus. "Since we started out, we graduated as the first bitcoin company out of Boost's accelerator, attracted a cap table of value-add investors, built a platform to service institutional customers around the world via API, website, and trading desk, facilitated....
Pioneering venture capitalist Tim Draper, father of noted bitcoin industry VC Adam Draper and managing director of the VC firm Draper Fisher Jurvetson, has been revealed as the winner of last Friday's US Marshals auction of nearly 30,000 BTC. The announcement was released via a blog post on Medium issued by California-based bitcoin trading and storage startup Vaurum. Draper was previously named as an investor in the company's $4m seed funding round this May. In the post authored by Vaurum CEO Avish Bhama, the company announced that Draper intends to partner with Vaurum to use the roughly....
Investor Tim Draper is at it again when it comes to getting his hands on bitcoin. If tens of thousands of those coins that he managed to acquire during the Silk Road bitcoin auction earlier this year wasn't enough, he's acquired even more. This week, the United States Marshals Service held their second bitcoin auction (again, from the Silk Road seizures), and Draper managed to pick up an extra 2,000 bitcoins from the pot of 50,000 that were made available. Speaking to the New York Times, Mr. Draper said that "I will have to buy some more Bitcoin on the open market to fulfill my commitment....
Boost VC, a technology startup accelerator program that accepts startups in groups called "tribes" has announced that it will be going 100% Bitcoin for the foreseeable future. In March, Adam Draper first stated his intention to help 100 Bitcoin companies through Boost VC in the next three years. Now, Boost VC CEO Adam Draper has publicized his decision to refocus Boost VC solely towards the Bitcoin ecosystem, at least for the next few years. Draper hinted that Boost VC may still expand to non-Bitcoin ventures as long as they are similarly bleeding edge. Boost VC has previously helped....
Tim Draper, Founder and Managing Director of Draper Fisher Jurvetson, won U. S. Marshals' Bitcoin auction. The Bitcoin auction is estimated to be worth a whopping 18 million USD. Since the news came out earlier today that there was only one winner of the auction, there have been many speculated guesses on who that winner was. Tim Draper was probably not one of the options for the many speculators. Editor's Note: The USMS has sent the won bitcoins to Tim Draper already in this transaction. Let's just say that the US government has never moved ~$19 million worth of anything for such a cheap....