Bitcoin’s collapse may have little impact on BlockCypher, since the company’s technology works for any cryptocurrency.
In its first applications the company focused on a way to reduce the transaction time for processing a Bitcoin with a predictive tool to determine whether the blockchain would approve a transaction.
Among the investors there are companies like Coinalytics, which is building analytics and insight into what’s happening on the bitcoin blockchain, the Singaporean exchange CoinHako or Palarin, a remittance company from the Philippines.
Other investors in the round include Foundation Capital, New Enterprise Associates, Jerry Yang (through AME Cloud Ventures), Upside Partnership, Streamlined Ventures and Fenox Venture.
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