Bitcoin Startup SatoshiPay Nets €640k in New Funding

Bitcoin micropayments startup SatoshiPay has secured nearly $700k in new capital as part of a broader fundraising effort. Blue Star Capital announced this week that it was investing €640k (roughly $684k) in the startup. SatoshiPay develops content monetization tools for processing tiny transactions denominated in bitcoin. According to statements from Blue Star, SatoshiPay is in the midst of completing a €1m funding round that, if successful, will value the startup at a reported €6m. The startup later said it expects to close the round this week. The funding comes more than a year after the firm raised €160k, and months after it unveiled a new micropayments project with Visa Europe that connected the card issuer’s infrastructure with a SatoshiPay wallet. Blue...

Blockchain Angels Invest $1 Million in Bitcoin-Ethereum Hybrid Qtum

Blockchain Angels Invest $1 Million in Bitcoin-Ethereum Hybrid Qtum

A new public blockchain that would seek to merge popular design aspects of both the bitcoin and ethereum blockchains has raised $1m in funding. By marrying bitcoin’s transaction model with a similar consensus system to the one in development at ethereum, Singapore-based Qtum is seeking to appeal to distributed application developers who may be experiencing difficulties with one or both systems. Investors in the company include a host of notable blockchain entrepreneurs, including ethereum founder Anthony Di Iorio, OKCoin CEO Star Xu, BitFund founder Xiaolai Li and Fenbushi partner Bo Shen. Speaking to CoinDesk, Di Iorio lauded the team’s leadership as one of its main strengths. “All in all, I believe them to be the best team out of China and...

R3 Will Close Blockchain's Biggest-Ever Investment in Q1, CEO Says

R3 Will Close Blockchain's Biggest-Ever Investment in Q1, CEO Says

The founder and CEO of blockchain banking consortium R3CEV says the firm is on the verge of closing the industry’s largest-ever funding round. Originally reported to be as high as a $200m, the downsized $150m round would still give the consortium of global banking members a significant war chest, if it closes at that level. In conversation with CoinDesk, CEO David Rutter elaborated on how his company has grown, and changed, as part what he described as an imminent cash infusion. Rutter said: “We will be closing the largest round in the industry, with the largest number of market participants, now, in the first quarter.” To prepare for the investment, Rutter said he’s planning to move from R3’s New York headquarters to its office in...

Bitstamp Collects $1.3 Million As Funding Campaign Continues

Bitcoin exchange Bitstamp’s ongoing funding campaign has already netted more than $1.3m in capital, exceeding its goal weeks before the effort is scheduled to end. Bitstamp has another 21 days of its campaign on the BnkToTheFuture platform. The exchange is selling shares totalling 2% of total equity. At press time, Bitstamp had raised $1,365,240 out of a planned $1.2m, drawing from 258 backers. Co-founder and CEO Nejc Kodrič said the funding will go towards expanding into new markets, as well as offering new services to the existing trading platform. He told CoinDesk: “Our successful BnkToTheFuture campaign will enable us to focus more of our attention on new, unexplored markets and to implement some exciting new features (like new trading pairs, for...

Bitcoin-Powered Internet Advances With $4 Million Blockstack Funding

Bitcoin-Powered Internet Advances With $4 Million Blockstack Funding

A new version of the Internet built on the bitcoin blockchain is another step closer to reality thanks to a $4m investment in Blockstack revealed in SEC documents earlier this week. The three-year old project leverages the bitcoin blockchain to build a new Internet free of centralized servers and with a browser that enables users to control their own identities. Based in New York, the company behind the effort is already building a browser for this new Internet, and the four-person team plans to use the funds to finalize a single, unified platform with which developers can build a new network of sites. But in conversation with CoinDesk, Blockstack’s co-founders emphasized the investment won’t just help build their own platform. According to the team,...