Bitcoin Industry Venture Capitalists Shift Focus to Non-Financial Applications and Ethereum Startups
Last year, Bitcoin and blockchain-related startups raised over $1 billion in total investment, a massive increase from the $347 million invested in the space in 2014, according to a report by Inside Bitcoins. Companies such as 21 inc and Coinbase rasied $116 million and $75 million, respectively, dwarfing the relative investment into the early days of....
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The Consultancy report also mentions how blockchain technology adoption is subject to far more mental barriers compared to other offerings in the FinTech sector. The year 2015 has been a particularly good one for Bitcoin startups all over the world, as a lot of money was raised over the course of 12 months. A recent report by Consultancy in the Netherlands shows how FinTech, in general, has been booming last year, with close to US$19 bn invested in total. What is of particular interest is the US$474m venture capitalists put into Bitcoin and blockchain startups. After the significant growth....
Over 150 years later the gold rush is striking California again, this time for what some call digital gold, because of its limited supply, Bitcoin. Venture capitalists still see the promise in some Bitcoin businesses. The startup Vaurum received four million dollars in seed funding from Battery Ventures, Tim Draper, Steve Case and others. Vaurum is a Bitcoin startup from Palo Alto that enables "banks & brokerages to trade, store and offer bitcoin to their customers" so that they can run their own exchanges. Bitcoin continues to gain credibility, last week, Bloomberg started providing....
American venture investment firm Cherubic Ventures has initiated a RMB 30 million fund which shall invest in digital currency and blockchain innovation startups. This will promote the development of an industry that is currently stalling. Cherubic Ventures partnered with Huaxue, from Greater China, and will focus on internet financial innovation, especially on blockchain application in China. Some of the projects will directly invest in digital currency considering its characteristics. Besides this, the fund will also supply follow up support by providing a business incubator, venture....
Simon Dixon, CEO of the online investment platform BnktotheFuture.com outlined his vision for blockchain startups recently at The Internet of Value: Blockchain and Financial Services Innovation conference in London. Making the conference keynote, Dixon laid out the history of bitcoin and blockchain companies, especially those working in the financial services sector, and what he considers lies ahead for the rapidly evolving industry. Dixon’s take as a venture capitalist comes at a crucial time in the industry, which is grappling with making sense of the growing ecosystem of bitcoin,....
As a testament to the growing popularity of bitcoin startups and the blockchain technology, three cryptocurrency-related companies have been part of Singapore's FinTech accelerator program called Startupbootcamp. In being part of this program, the companies will be given funding, free office space, access to business support services and a large network of industry experts and venture capitalists. DeBuNe, Cryptosigma, and Otonomos are the three blockchain technology startups that have been included, along with seven other startups focusing on peer-to-peer wallets, money management apps,....