Tuesday, October 07, 2014

Blockchain Is Latest Bitcoin Start-Up to Lure Big Investment - NYTimes.com

Some bold Bitcoin bets

"The price of one Bitcoin, which reached a peak of about $1,150 last year, fell over the weekend to its lowest point of the year after tumbling 20 percent, to about $286, according to CoinDesk, a virtual currency website. Bitcoin was trading on Monday evening at about $330.

But despite the failure of some Bitcoin-related sites and new regulatory challenges, more than $250 million has been invested in Bitcoin companies, most of that in the last 12 months, according to Wedbush Securities, a financial services firm."
Blockchain Is Latest Bitcoin Start-Up to Lure Big Investment - NYTimes.com
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