Venture capitalists are turning to one of the shadier parts of the internet for places to invest. A report written by Tesarah E. Needlemen and Spencer E. Ante in the Wall Street Journal revealed that start ups involved in the virtual currency industry have begun to attract investment from venture capitalists. The old adage good money after bad comes to mind.
According to the report, Wednesday will see a $5 million investment into Bitcoin start up Coinbase from private capital firms like Union Square Ventures. The investment will be one of the biggest in the growing industry, and...
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