Well-known tech investor Chris Dixon, speaking in New York, shared some thoughts on virtual currency and where the innovation and the economy are going. Here’s a short summary.
After a record run, Bitcoin prices have tumbled back to earth after the Chinese government announced a series of bans on the currency. Here is a chart and some background.
Ripple Labs — formerly known as OpenCoin — has pulled in $3.5 million in fresh investment, bringing the total to $9 million. New investors include Core Innovation Capital, Venture 51 and Camp One Ventures, while existing investor IDG Capital Partners is back for more. Earlier investors include Google(s goog) Ventures and Andreessen Horowitz.
Ripple is a decentralized currency exchange that’s been riding the Bitcoin hype wave while not actually being dependent on Bitcoin – it handles traditional currencies too, and uses its own virtual currency (XRP) for transaction tokens. Apart from the name change, Ripple recently completed its open-sourcing and released an iOS(s aapl) app for monitoring XRP prices.
Derek Collison, the guy who built VMware’s CloudFoundry service, left the hypervisor giant in mid-February with an idea to make platforms as a service even better. His startup, Apcera is the result. Now, with $2.2 million in funding Collison is ready to begin.