Despite a recent cooldown in the market, ICOs are still a very hot topic for venture capitalists, due to their phenomenal potential for high returns.
According to Elliptic, it will use the investment for combating illegal bitcoin deals.
KPMG International and CB Insights revel in a new report that 2015 was very successful for VC-backed fintech firms that have managed to set a new record in funding.
The Hong Kong Monetary Authority warned public against investing in digital currencies amid local media reports that a bitcoin exchange had run off with $387M in client funds.
Venture capitalist Tim Draper recently wagered about $400,000 that Bitcoin will rebound from its recent plunge.
BlockCypher, a block chain web services company, secured investments $3.1 million in a seed financing round.
In 2014 bitcoin start-up related investments will rise to as high as $300 million, and possibly go even higher than that, as fund managers can’t get enough of the prospects for new money.