Bitcoin Startup CoinBase Looks to Raise Money at $1 Billion Valuation

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Coinbase, a website for buying, selling and storing bitcoin and other cryptocurrencies, is talking to investors about raising money at a $1 billion valuation, The Wall Street Journal reports, citing people familiar with the situation, according to CNBC.com.

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The company is looking to initially raise $100,000 in the first round of funding. 

Bitcoin has jumped about 150 percent this year to $2,445.20 on Friday.

Bitcoin has emerged as the leading payment processing method within the world of online gambling, at least when it comes to the North American market.  Many operators also believe Bitcoin could help them to get a foothold in the much coveted Asian market, especially with both China and Japan allowing the digital currency.

- Aaron Goldstein, Gambling911.com

Business/Financial News

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