Bitcoin News Mash-Up: Xapo Receives Whopping Funds; Celebrated Businessman Favors Bitcoin; and More

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Bitcoin News Mash-Up

Following are the major Bitcoin events that took place between July 8th and 9th

Xapo Receives Record Funding
Renowned Bitcoin wallet service company Xapo received around $40 million in a recent fundraiser. This is probably the highest funding ever implement inside the cryptocurrency sector. The second round of Series A-1 financing raised $20 million as well – a majority of which was funded by Index Ventures and Greylock Partners.

Matthew Taylor Mellon II Praises Bitcoin
In his recent interview to Forbes, successful businessman Matthew Taylor Mellon II suggested that digital currencies may be the future of democracy. “People are tired of the bankers. We have to live in a free and transparent democracy.” The businessman also said he invested $2 million in CoinApex, an incubator for Bitcoin-related businesses.

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Mark Karpeles to Auction the Domain Bitcoins.COM
The domain Bitcoins.com, owned by Mt. Gox CEO Mark Karpeles, is ready to be sold at an auction on July 24 this year. The auction, which will be part of Heritage’s 2014 Signature Auction Domain Names, will have a starting bid of $185,000 and is expected to be sold for at least $750,000. Mark Karpeles stated:

“We are hoping, with the sale of Bitcoins.com, to provide some relief to the people impacted by the Mt. Gox bankruptcy and will be putting at least half of the sale amount toward that purpose.”

To contact the reporter of the story: Yashu Gola at yashu@forexminute.com

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