Bitcoin is the fastest growing sector for startup investment; Keybase raises over 10 million in investment round Led by Andreessen Horowitz; Singapore-based Bitcoin exchange Coin Republic looks to be in acquisition talks, and more top stories for July 20. Bitcoin the Fastest Growing Area of Venture Capital Funding According to Mattermark data, Bitcoin is the fastest growing sector for startup investment. Each year, starting in mid-2012 through mid-2015, the Bitcoin industry has grown its investment dollars by 151%. However, it should be noted – of course – that Bitcoin still only represents a minuscule fraction of the total invested dollars. …
With the promise of the moon for its users without the need to purchase expensive mining equipment, the cloudmining industry has been experiencing its ups, and recently, its downs. While the ostensible scams and pyramid schemes in the cryptocurrency space are damaging and ultimately bad for Bitcoin, the concept of mining “in the cloud” can be beneficial to the long-term growth of the ecosystem. What is Cloudmining? Put simply, cloudmining is when you buy processing power that is generated at remote data centers. Many users have opted to mine “remotely” in this way since it offers no additional electricity costs, …
Every week, Cointelegraph will do a roundup of all the businesses and the altcoins we have added during the week to our catalogs. As this is the first such piece, we will cover all of the businesses and coins we have added to date. Premium entrants to our two catalogs pay for a full review of their business or their coin. Otherwise, we can post a press release from the business or altcoin developer or community for free. New Businesses Coinarch Coinarch is an online trading platform that lets users leverage their investments and optimize their long or short positions …
After organizing a successful conference in March in San Francisco, CoinSummit put on another exclusive, high profile Bitcoin event this Thursday and Friday. The event was created by Venture Capitalist Pamir Gelenbe and the focus was on enabling connections between entrepreneurs and investors. As reported by Cointelegraph back in May, the location - the East Wintergarden in the heart of Canary Wharf, London’s financial district – was aptly chosen to reflect this financial focus and provide a beautiful, air-filled space. Overlooking the event, the headquarters of the Citibank, HSBC and others were looking down on us. Towards Finance Even though …