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The price of bitcoin may be on the decline, but that hasn't stopped bitcoin startups from attracting significant funding.
Blockchain, the most popular Bitcoin wallet service, announced Tuesday that it has raised $30.5 million in a Series A round, marking one of the largest funding rounds of any bitcoin startup to date
The bitcoin startup was founded three years ago, but had never taken outside investment. Even so, it managed to build up a user base of more than 2 million wallets
"As we thought about the next five years for our users and for the company, we knew it was time to bring on additional resources," Blockchain's three cofounders wrote in a blog post announcing the funding. "We searched long and hard for the right investors to bring onto the team to help us scale, to advise us and work with us to bring bitcoin to the next 20 million people." Read more...
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