Compartir este artículo
Google Ventures invests in Bitcoin competitor OpenCoin
Google Ventures and China-based IDG Capital Partners place a bet on OpenCoin, the company behind Bitcoin exchange Ripple.
Por Shirley Siluk
Make us preferred on Google
Google Ventures and China-based IDG Capital Partners are the second group of tech investors in two months to place a bet on OpenCoin, the company behind the currently-in-beta Ripple open-source payments protocol.
OpenCoin announced today that it had closed an additional round of funding
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
-- the amount wasn't specified -- with Google Ventures and IDG Capital Partners. (Hat tip to GigaOM for the news.)
Last month, OpenCoin wrapped up an earlier angel round of funding from another high-profile group of technology VCs: Andreessen Horowitz, FF Angel IV, Lightspeed Venture Partners, Vast Ventures and the Bitcoin Opportunity Fund.
Co-founded by Jed McCaleb, a veteran of the Mt. Gox bitcoin exchange, and Chris Larsen, who previously established E-LOAN, OpenCoin is developing ripple, an open-source payments platform being touted as a quick, easy and low-cost way to exchange currency of any kind anywhere in the world. Ripples are also the name for the digital form of money (abbreviation: XRP) that will be among the currencies tradable on the ripple platform.
(Note: OpenCoin is not the same as OpenCoin.org, a different organization developing an open-source electronic cash system.)
Although ripples are a digital currency like bitcoin, OpenCoin says its coin will complement bitcoin rather than compete with it. In its " Introduction to Ripple for Bitcoinershttps://ripple.com/wiki/Introduction_to_Ripple_for_Bitcoiners," the company states:
"Ripple will likely be the easiest way to buy and sell bitcoins. Ripple's built-in exchange will allow people to buy and sell bitcoins using any other currency on the ripple network."
Like bitcoins, ripples will also be limited in number. OpenCoin plans to ultimately create 100 billion, releasing half into circulation and keeping half to help ensure the currency's stability.
describes itself as "a radically different kind of venture-capital fund." Founded in 2009, it has invested in more than 100 companies so far and plans to invest over $1 billion over the next five years.
is a "China-focused investment firm with over $2.5 billion (US) capital under management."
Higit pang Para sa Iyo
Robinhood misses Q4 revenue estimates as fourth-quarter results dinged by crypto slump
Crypto revenue fell 38% year over year to $221M, even as the company expanded token listings and crypto features across its platform.
Ano ang dapat malaman:
- Robinhood’s fourth quarter earnings per share of $0.66 topped estimates for $0.63, but revenue of $1.28 billion fell shy of forecasts for $1.33 billion.
- The crypto slump paid a large part in the miss, with crypto revenue falling 38% from a year earlier to $221 million.
- Robinhood’s results mirror broader crypto-market weakness, which is also expected to weigh on rival Coinbase (COIN), and HOOD shares fell about 7% in post-market trading after the earnings release.
Top Stories
