As this is written, news broke that Andreessen Horowitz, a Silicon Valley–based venture capital firm with $2.7B under management, led an investment of $25M in Coinbase Inc., a provider of online bitcoin accounts and transaction services. With this, Coinbase achieved its second round of funding, and one in which existing investors Union Square Ventures and Ribbit Capital also took part.
Bitcoin: Economic protocol for the Internet
The Andreesen Horowitz website puts bitcoin in an interesting perspective:
“The press tends to portray bitcoin as either a speculative bubble or a scheme for supporting criminal activity. In Silicon Valley, by contrast, bitcoin...
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