It was confirmed this week Onename has raised $1.5 million in seed funding. On Wednesday, the company announced on their blog they would be open-sourcing a set of tools including a suite to utilize their in-development Openname Auth, a protocol for decentralized and password-less authentication. These set of tools work with their already open source protocol upon which Onename is built on called Openname, which in turn is built upon Namecoin. Continue reading
Category Archives: Investment
Bitcoin Securities Update: October 2014
The month of October featured some action, but on the whole activity in the Bitcoin securities space was mostly unremarkable with the exception of Qntra's opening. And now to the the numbers: Continue reading
Boost VC Close $6.6 Million In Funding
Boost VC, a startup accelerator founded by Adam Draper and Brayton Williams, have closed USD $6.6 million in bezzle which will be used to fund and develop 200 companies over the next three years. Investors in this round include Adam Draper's father Tim Draper, grandfather Bill Draper, Marc Andreessen, Ben Davenport, Barry Schuler, Rothenberg Ventures, Maven II and Kilowatt Capital. 50% of the capital raised will be used to fund Bitcoin startups. Continue reading
RockMiner and ASICMINER Form Mining Cartel to Launch AMHash1
ZeusMiner a scrypt mining hardware producer announced in September their partnership with RockMiner to help enter the Bitcoin market. RockMiner then announced they would also be partnering with ASICMINER and XBTec in launching AMHash1 mining fund on Havelock Investments. Continue reading
LedgerX Thinks Bitcoin is Ready for Options (Again)
New York City startup LedgerX has submitted applications to the U.S. Commodity Futures Trading Commisions (CFTC), to register as a "swap execution facility and derivatives clearing organization." If approved LedgerX would be allowed to list physically-settled digital currency option contracts, particularly Bitcoin denominated contracts. Continue reading
BitLendingClub Use Angel.co To Raise Seed Investment
The Bulgarian based crowd-lending platform BitLendingClub has announced a seed investment via Angel.co from Bulgarian VC fund LAUNCHub. BitLendingClub is seeking a total of USD $1.25 million to finance 24 months of operation on the basis that current revenue of $144 K/year will expand to an expected revenue of $4.42 mil/year in 2 years time. The investor presentation can be viewed here. Continue reading