Bitcoin Gets Another Boost As Circle Internet Raises $17 Million

TechCrunch

After a stormy few weeks, the ship of bitcoin seems like it’s beginning to right itself.

Regulators are beginning to refine their thinking around the currency, and new startups based on the cryptocurrency keep raising money. The latest of these is Circle Internet Financial, which has raised $17 million in a Series B round of funding and just launched a limited release of its first products.

The company is intentionally vague on what those products are, declining to disclose little more than that it is engaged in the same cloak and dagger security measures as its new generation of peers.

“We’re trying to build a global financial services business in a very new market. “We’ve built our own secure vault storage model for the custodianship of consumer digital assets,” said Jeremy Allaire, Circle Internet’s founder, chairman, and chief executive. “It includes several locations all of which are vaulted and…

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