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Bitcoin bandwagon rolls on with $2m investment in fully insured vault

on Jul 17, 2014 | 0 comments

By John Glenday

A UK-based Bitcoin vault has secured $2m in funding to provide greater security for investors in the cryptocurrency and to attract more big-mname clients to the medium.

Elliptic, launched just six months ago, secured the cash from venture capital fund Octopus and will use it to further refine its offline vault – used to store cryptographic ‘keys’ from institutional investors such as institutional clients, hedge funds and law firms.

It is the first significant investment in the virtual money in the UK and will increase confidence in the format by providing clients with a depository where they need not fear losing their Read full story ›

Source: The Drum