02 Oct '13, 6am

Bitcoin buzz grows among venture investors

Bitcoin buzz grows among venture investors

Venture capitalists show no sign of shying away from investing in start-ups related to Bitcoin even as authorities step up their scrutiny of the virtual currency and its possible connection to money laundering and other illegal activities. Investment has jumped in recent months as Bitcoin, the prominent digital currency not backed by a government or central bank, has begun to gain a footing among businesses and consumers, a key step for it to go mainstream. Start-ups such as Coinbase and BitPay Inc, which help facilitate Bitcoin adoption by merchants and consumers, have raised millions of dollars so far. Interest is also growing in bitcoin trading, investment funds, and "mining" - the process of creating the digital currency. (Read more : Of course you can have fractional reserve Bitcoin banks ) Bitcoin, until recently a niche alternative currency touted by computer geeks ...

Full article: http://www.cnbc.com/id/101079279

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By Wanfeng Zhou and Nick Olivari NEW YORK (Reuters) - Venture capitalists show no sign of shying away from investing in st...

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By Wanfeng Zhou and Nick Olivari NEW YORK | Tue Oct 1, 2013 7:47pm EDT NEW YORK (Reuters) - Venture capitalists show no si...

Bitcoin buzz grows among venture investors, despite risks - Reuters

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reuters.com 02 Oct '13, 12am

By Wanfeng Zhou and Nick Olivari NEW YORK | Tue Oct 1, 2013 7:47pm EDT NEW YORK (Reuters) - Venture capitalists show no si...

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