Published on September 12th, 2015 | by bitcoin0
Bit coin Makes Front Page: Industry Funding Comes Back Strong After $45 Million Week
After weeks of relative quiet, the bitcoin and blockchain industry got a much needed publicity boost this week as startups raised $45m in newly announced venture capital rounds.
The outpouring of venture capital comes amid the second quarter in a row in which the industry has seen declines in new investment.
According to CoinDesk’s forthcoming Q3 State of Bitcoin Report, $81m was invested in industry firms in Q3, a figure that was down from $145m in Q2.
The size of the average funding round also declined from $10m to $8m during the period.
Contributing to the attention is former Bitcoin Core maintainer Gavin Andresen’s decision to back Bitcoin XT, though other solutions to the issue are being debated.