Bitcoin Exchange Buttercoin Closing
Palo Alto, California-based Bitcoin exchange Buttercoin has announced it will be closing on April 10th. In the "Goodbye" announcement posted to their website a roughly a week in advance, they mentioned that they remained solvent and secure, but that they had failed to secure continued venture capitalist funding of the service. It's been a wonderful ride and we're delighted to have created a service so many people enjoy. With the dip in bitcoin interest among Silicon Valley investors, we weren't able to generate enough venture capital interest to continue funding Buttercoin. We remain 100%....
Related News
Buttercoin has announced it will be closing on April the 10th. 2015 is getting to be a hard year for bitcoin exchanges; many digital currency exchanges have been facing serious difficulties and a lot of them have been forced to close their doors. The latest exchange to go down is the US based exchange, Buttercoin. We can find the following announcement on their website: "So long friends. Buttercoin will be turning off April 10th at 11PM PDT. Be sure to move your bitcoins to another service and remove your dollar balances. We wish you all the best!" Buttercoin launched in 2013 and received....
Buttercoin, an American start-up that provides digital currency exchange services, has announced that it will be closing its operations on April 10, 2015. According to the company, it is shutting down due to a lack of interest in Bitcoin among venture capital firms. Interestingly, the reason cited has surprised many Bitcoin observers, as lately there has been a lot of seed funding by venture capitalists in several Bitcoin startups. Just four months ago, Buttercoin was backed by Y Combinator and Google Ventures and was quite optimistic about the services it announced over the /r/BitcoinMarkets:
Buttercoin has just emailed everyone that signed up for their early access list! That's right, they made a PR campaign out of their launch. If you are interesting in pushing me further up the queue to get more information on Buttercoin to the masses faster, please follow this link and register for early access. Who Is Buttercoin? Buttercoin was founded by Cedric Dahl and Bennet Hoffman, formerly of CoinHarvest, back in 2013 and received roughly $1.6 million in funding from various sources including Google Ventures and Y Combinator. Dahl and Hoffman are targeting the International....
A new start-up based in Palo Alto, California is hoping to make a splash in bitcoin trading. They're Buttercoin, and this venture capitalist-backed service has just launched early access to their platform. The soft launch of Buttercoin comes just hours following Mt. Gox's filing for bankruptcy protection, signaling that better things are on the horizon for traders. Buttercoin has reportedly received on the order of $1 million from investors, among which include Kevin Rose of Google Ventures (also, co-founder of Digg) - who teased the early access program today on Twitter. As of this....
The recent developments with Buttercoin, a Bitcoin trading platform last week caught everyone by surprise. The company backed by heavyweights like Google Ventures, Y Combinator, Rothenberg Ventures etc. was forced to shut down its operations due to what they claim to be lack of funding. Bennett Hoffman and Cedric Dahl founded the Palo Alto, California based company in 2013. The company attracted a lot of attention and funding to rise through the ranks of Bitcoin based startups. Buttercoin later went on to become the first Bitcoin business to raise investment form a prominent Wall Street....