It's All About the Bitcoins
Instagram is supposedly launching a messaging service later today because you need another app to talk to the same five people. [TechCrunch]
Just because Andreessen Horowitz is giving $25 million in Series B funding to bitcoin bank Coinbase doesn’t mean we have to stop thinking the digital currency is a fad. Right?! [AllThingsD]
Comcast has signed up nine new channels to use Twitter’s live tweeting featured dubbed See It. [Engadget]
Snapchat has kicked up another $50 million in funding. [AllThingsD]
Bored? Let’s imagine what the new Start menu is going to look like on Windows! [ZDNet]
Love in the Time of Algorithms
Fred Wilson has just broken his two-year, no-investment streak. The Wall Street Journal reports Union Square Ventures is leading a $5 million round in Y Combinator-backed Coinbase, which allows you to buy, store and pay with Bitcoin. Also participating: Ribbit Capital, SV Angel and Funders Club.
These being the self-styled gentleman scholars of USV, there’s some philosophizing to justify the investment. Read More
Good news, singletons: you can now spend your Bitcoins to help you get laid. OKCupid has begun accepting the popular decentralized digital currency as a form of payment. Payments will be accepted via Bitcoin wallet website Coinbase, according to an announcement on its blog.
Betabeat first reported two weeks ago that the IAC-backed site was considering accepting Bitcoins after a Reddit user posted a screenshot from an alleged OKCupid representative claiming that the company was looking to expand its payment options.