Bitcoin API Startup BlockCypher Raises $3.1M from Nas and More
BlockCypher, a startup that provides a complete set of services for bitcoin developers, just closed a $3.1M seed round conducted by VC firms Boost VC, 500 Startups, Crypto Currency Partners and New Enterprise Associates (NEA). Individuals such as the former hip-hop artist NAS, Jesse Draper and Shawn Byers also participated in this round. Also read: Nas to Give Bitcoin to Top 100 Fans. BlockCypher: A Blockchain Toolbox. In a tough context marked by the recent bitcoin's price decline, the fundraising demonstrates the confidence institutional investors still have regarding the....
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Blockchain app development startup BlockCypher has expanded its platform to include support for Ethereum, a move the company says will see professional services firm Deloitte among its first users. BlockCypher CEO and co-founder Catheryne Nicholson says the addition of Ethereum was in response to an increased demand from more than half of the startup's client base, which also counts remittance app startup Abra among those using the new toolset. Speaking with CoinDesk at the Exponential Finance Conference in New York, Nicholson estimated that more than half the company’s developers have....
BlockCypher has raised more than $3m in a seed-funding round that will allow it to expand its operations in Europe and Asia. Tim Draper and Yahoo co-founder Jerry Yang's AME Cloud Ventures are among the many that invested in the round. Other participants included Boost VC, 500 Startups, Crypto Currency Partners, New Enterprise Associates (NEA), hip-hop artist and VC Nasir Jones, Jesse Draper and Shawn Byers. With this latest round of funding Blockcypher said it can now seek to provide customers deeper analytics while continuing to build services and invest in scaling and security. The....
Catherine Nicholson is the CEO of BlockCypher, which is the company that powers instant trades at ShapeShift. Its Confidence Factor is used in several other applications as well. CCN spoke in depth to BlockCypher's Developer Advocate, Josh Cincinnati, in a recent podcast. In this video, Catherine is sent some very basic questions about Bitcoin, which she handles with vigor. Questions range from the public good to micro transactions. At one point, Catherine says: People who live on $2.50 a day, they don't have a bank account. They don't have access to capital. They can't ever escape the....
BlockCypher, a provider of web services that supports bitcoin blockchain applications, announced that its web services will now allow companies to build applications using the Ethereum protocol without needing blockchain infrastructure. The company made the announcement at the Exponential Finance conference in New York, N.Y. BlockCypher claims to be the first software provider to offer both Ethereum and bitcoin APIs on the same platform. BlockCypher will offer support for Ethereum on its block explorer in addition to more complex web services. Beta Release Begins. The beta release includes....
BlockCypher provides Bitcoin wallet services to larger organizations such as exchanges and payment providers. During the recent fracas of "dust" transactions crowding the Bitcoin network, one of their larger clients, Erik Voorhees' ShapeShift.io, suffered a double-spend attack amounting to 2.6 BTC. The biggest offering of BlockCypher is what they call a "Confidence Factor" which basically means what it sounds like - if the processor is reasonably sure (as in more than 99%) that a double-spend will not be attempted, the transaction is processed with zero confirmations. BlockCypher describes....