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Author Topic: [2016 - 20 - 03] - Bitcoin surveillance firm Elliptic raises $5 million  (Read 281 times)
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March 20, 2016, 06:01:49 PM
Last edit: March 20, 2016, 11:33:40 PM by Cyrus
 #1

I haven't seen this anywhere else yet

A British technology company that attempts to fight crime by spotting suspicious Bitcoin deals has raised $5m (£3.5m) as banks and regulators begin to take the blockchain technology that backs up the virtual currency seriously.

http://www.telegraph.co.uk/technology/2016/03/20/bitcoin-surveillance-firm-elliptic-raises-5m-for-blockchain-push/
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March 20, 2016, 06:54:05 PM
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This is almost certainly backed by someone with money literally to burn, as I cannot see potential users of this service getting value for money (the firm should be able to point to very public examples of it's success. It isn't able to do so). Privacy in Bitcoin is set for an increase, so you can expect a corresponding decline in this firm's net worth.

Vires in numeris
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