Topic:

Bitcoin Mania

Bitcoin Mania

Bitcoin Startups Are Raking in Record Amounts of VC Cash

Child movie star Brock Pierce has gone on to lead a syndicate of 57 angel investors who invest in crypocurrency startups. (Photo via Brock Pierce)

At first, bitcoin was just the purview of cryptography nerds and libertarian redditors. Since then, digital currencies have been used to fund everything from World Cup betting rings to congressional elections. Now that bitcoin is out in front of legislators and safer than ever to use, investors are starting to pour record amounts into bitcoin startups.

From April through June of this year, bitcoin startups pulled in a record $76.8 million in investments, which is almost as much as the entirety of 2013, CB Insights reports. Read More