09 May '13, 6am

It's a "land-grab." Investors pour millions into Bitcoin, adding credibility to virtual currency.

Bitcoin Startups Begin to Attract Real Cash BY SARAH E. NEEDLEMAN AND SPENCER E. ANTE Bitcoin startups are beginning to raise sizable investment capital even as industry leaders warn that hackers are abusing the Internet virtual currency for profit. In the past year, fledgling businesses Coinbase Inc., Coinsetter Inc. and CoinLab Inc. have raised millions of dollars collectively from prominent venture-capital firms and angel investors, adding credibility to a digital currency that isn't backed by a central bank. On Wednesday, Bitcoin, which can be used to make payments over the Internet without transaction fees or involving a financial institution, is expected to win its biggest validation to date with a $5 million investment in San ... Continue reading article with pop up player

Full article: http://online.wsj.com/article/SB1000142412788732368760457...

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