Ars Technicacasts: Cisco announces $300 million investment into bitcoin company article The bitcoin community is in a state of panic, with hundreds of thousands of dollars worth of the virtual currency’s value wiped out after a hacker went on a major hacking spree, wiping over $300,000 worth of cryptocurrency in just two days.
Cisco, one of the biggest companies in the space, announced its first bitcoin venture at a bitcoin conference last month, announcing a new blockchain and bitcoin trading platform.
Ceremony attendees at the bitcoin conference, which is held in the Las Vegas suburb of Burbank, were treated to a livestream of the announcement, which featured a live presentation by Cisco CEO Mike Sievert.
The announcement, Sievert said, was the start of an exciting journey that would result in the creation of Cisco Blockchain and Bitcoin Solutions, or BBS.
Sievert also announced the launch of an online marketplace for the bitcoin community called the Bitcoin Cash Market.
It’s unclear how many people have purchased bitcoin with the BBS platform, but it appears to be quite a few.
At the event, Cisco revealed that it was investing $300m into bitcoin startups and companies in order to build a better blockchain and digital currency marketplace.
The startup’s investors include investment firm Blackstone, which invested $300million into bitcoin companies in January.
In the past year, many of the top Bitcoin companies have started to launch bitcoin trading platforms, with some even launching exchanges, such as Coinbase, which launched in May.
The company is still very much a beta product, and it’s unclear if any of the startups will actually make it into a fully-fledged bitcoin exchange.
Other bitcoin startups have launched in the past few months, but Cisco’s announcement was notable for its timing.
The tech giant is known for investing heavily in the startups that it believes are likely to grow the industry.
For example, it invested in CoinLab, which built a bitcoin exchange platform and bitcoin wallet service.
CoinLab’s CEO, Peter Vessenes, said in an interview with the Wall Street Journal last month that the platform has now surpassed 1 million customers.
But that still doesn’t seem to be enough to convince the world that Cisco’s investment in the company is worthwhile.
“Cisco is trying to do something here and they’re trying to take the money and they don’t know how to do that,” Vessanes said.
“They are very slow to respond to things that are happening in the ecosystem.”
Cisco’s decision to invest in bitcoin startups has also drawn criticism from some in the bitcoin world.
On Tuesday, the company announced that it had been granted regulatory approval to operate in the U.S. under a new regulatory framework that will allow it to trade and issue bitcoin futures contracts.
That’s a big win for the cryptocurrency industry, which has been struggling to compete in the marketplace for traders.
Consequently, the bitcoin market has seen a spike in trading volume.
On Wednesday, the value of bitcoin traded on CoinMarketCap hit a record $5,972.24.
That means the average daily trade on the platform jumped nearly 30% since Wednesday.
On Monday, the platform surpassed the $5 million mark for the first time.