“South Korea’s first Bitcoin startup, Korbit, has received $400,000 in seed funding from a group of investors. Korbit — which is also Korea’s largest Bitcoin exchange, with more than 20,000 registered users — is now profitable after less than a year of operations. Korbit’s success is notable because of the role the South Korean government played. Korea’s Ministry of Science, ICT and Future Planning funded the exchange’s participation in the Silicon Valley-based pitching event that spurred much of the investment. The event was judged by Tim Draper, founder of venture capital company DFJ. Draper would go on to lead the $400,000 investment shortly afterwards.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
How China Spawned a Bitcoin Industry in Three Months (and Why it Might be Doomed)
Ron Paul: The Real Status of Forces in Afghanistan and Iraq
Secret account in mission-critical router opens power plants to tampering
Welfare Recipients Can Now Earn More Than Teachers
Assange on NSA leak: Snowden will be prosecuted for years
Understanding Bitcoin Security - Trace Mayer interviewed by VisionVictory
There’s No End in Sight to the Bull Market in Stocks
Bitcoin ATM Company Refused Account by Bank of Ireland
Citi: "No Gold Company... Will Generate Free Cash Flow At Current Gold Prices"
In Defense of Donald Trump
FBI Claims RT Founder Beat Himself To Death In His Hotel Room In 2015
Bernanke’s Subsidies: Houses and Cars
Dollar Bears Love Silver Coins
The 'new GDP' methodology: What you need to know
Tortured by the Government You Served? Tough Luck