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.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.