Nordic Venture Capitalist Creates Biggest Bitcoin Exchange Database

Written by:
Aaron Goldstein
Published on:
Nordic Venture Capitalist Creates Biggest Bitcoin Exchange Database

A Nordic venture capitalists Creandum says it has build the world’s largest database of businesses dealing in the anonymous digital currency bitcoin. 

From the Business Recorder:

Creandum said the database contained more than 300 companies trading Bitcoins - ranging from exchanges to payment processors and gambling companies - and was intended to give entrepreneurs and investors an overview of companies with a significant role in the Bitcoin system.

"This year and next year the Bitcoin needs to prove itself as a payment mechanism, and it could go either way," Creandum associate Joel Eriksson Enquist told Reuters.

"Our hope is that the database will work like Wikipedia, with more and more contributors and more comprehensive data," he said of the open-source site which can be found at http://bitcoin.knackhq.com/btcdb. Creandum has not invested in any Bitcoin-related companies but is looking at a couple of players and Enquist himself is holding onto 10 Bitcoins he bought last year for a little over $100 each - just for the fun of it.

Bitcoin ended the year 2013 peaking at slightly over $1000 trading after starting the year at just $10.  At one point during the month of December, the currency dipped to just over $600 before a swift recovery nearing the $1000 mark once again. 

- Aaron Goldstein, Gambling911.com


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