Bitreserve Surpasses £6,000,000 Funding Target on Crowdcube, 16 Days Ahead of Schedule

Bitreserve has surpassed its £6 million ($9.3 million) funding target on CrowdCube, with total investment now at £6,114,048.

The startup was started by entrepreneur Halsey Minor and states to offer a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term wallet hedging against crypto Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term relative to fiat. Their website also has a transparency page, claiming to demonstrate proof of solvency. Also offered are API tools for third party developers, among them exchanges looking to incorporate the transparency features. It also says that it will have an external accounting firm perform audits every 90 days.

It is based in San Francisco, with an office in Shanghai.

The venture is holding its crowdfunding campaigns through Crowdcube in the UK and Venovate in the US, looking to raise $10 million. The current round is its Series B, with an earlier round securing $5 million.

The £6 million investment would give investors a 10.88% stake in the company, implying a total valuation of just over £55 million ($85 million)--one of the highest among Bitcoin companies. 111 investors have contributed thus far, with one single investor (or investor syndicate) contributing 96%.

The campaign was set to expire on January 9th, exceeding its goal 16 days early.