Bitcoin data service TradeBlock gets $2.8 million in funding

TradeBlock, an in-depth Bitcoin data service, has secured $2.8 million in funding. The round was led by Andreessen Horowitz. Other investors include Second Market’s Barry Silbert, Devonshire Investors, and FinTech Collective.

The service has been likened to a Bloomberg or Reuters. It provides in-depth data and analysis tools on Bitcoin trading and mining. The trading and orderbook data from multiple exchanges is aggregated. Similarly, key metrics from the mining network and major pools are gathered and graphically represented. Bitcoin news items from around the web are supplied through a feed.

Much of this data is free to all visitors, and indeed can be found fairly easily on multiple sites around the web. Where the service goes the extra mile is when fo its Professional and Research modules, which are paid services restricted to registered, pre-approved members.

The site is focused primarily on Bitcoin, with some minimal coverage on Litecoin and none on other coins.

The company was originally called GenesisBlock, named after the first Bitcoin block generated by Satoshi Nakamoto Satoshi Nakamoto “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi “Satoshi Nakamoto” is the alias of the mysterious person (or group of people) that are responsible for the creation and launch of Bitcoin back in 2009 and the authorship of the Bitcoin whitepaper, published in 2008. As such, Satoshi Nakamoto is also the entity who conceptualized and created the first-ever blockchain network. Nakamoto was the first to effectively solve the double-spending problem for digital currency using a Peer-to-Peer (P2P) network. Nakamoto was active in the development of bi Read this Term. It was founded by two brothers, Greg and Jeff Schvey, who see a huge potential for Bitcoin and for its Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term serving as a means for trading of smart contracts. The brothers took the company through Y Combinator, a 3-month Silicon Valley incubation program.

The company currently has 5 employees, and with the help of the funding, plans on doubling that figure.