12 Apr '13, 2pm

These Startups Are Betting Everything on Bitcoin

These Startups Are Betting Everything on Bitcoin

BitInstant is just one of several Bitcoin startups attracting funding from established venture firms and investors at a valuation in the millions. Coinsetter , a New York startup working on a foreign exchange trading platform for Bitcoins, recently raised $500,000 led by Tribeca Venture Partners and SecondMarket at a valuation that we hear is in the "low single-digit millions." Coinbase , a startup that provides a digital wallet for Bitcoin transactions, has raised $600,000 to date from Y Combinator, IDG Ventures and others. (Cameron and Tyler Winklevoss, the twins who had a disputed role in the founding of Facebook, are also big Bitcoin investors , though they haven't publicly gotten behind any Bitcoin startups.)

Full article: http://mashable.com/2013/04/12/bitcoin-startups/

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