This week in bitcoin: VC investment is up and shows no signs of stopping after Xapo


After a brief hiatus, this week’s bitcoin review takes a look at the increasing VC interest in bitcoin.

VC’s are not turning a blind eye to bitcoin

Venture Capital investment is up 28 percent compared to last quarter, according to CoinDesk’s State of Bitcoin Q2 2014 report. This past quarter saw $73 million in VC investment, compared to $57 million from the first quarter of the year. And those numbers don’t even include this week’s major funding announcement: Xapo raised $20 million in a round from Greylock Partner and Index Ventures. Combined with an earlier funding round (also $20 million), Xapo leapfrogged BitPay to become the most well-funded bitcoin start-up, with the Wall Street Journal estimating  the online wallet provider’s value to be “north of 100 million” now.

So to who — and where– is all this VC money going?

CoinDesk’s report shows North America in the lead for bitcoin investment to-date…

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