Silicon Valley Notables Invest in Korea's Largest Bitcoin Exchange

South Korea has been one of Bitcoin's quieter markets in terms of media coverage, but that could change now that several prominent Silicon Valley investors have provided seed funding to Korbit, a Korean bitcoin startup.

According to beSUCCESS, the company will receive $400,000 from bigwigs including Tim Draper (formerly of DFJ and founder of startup school Draper University), Naval Ravikant (founder of AngelList), David Lee (founder of SV Angel), and Barry Silbert (founder of SecondMarket and Bitcoin advocate).

Given the comparatively small sum, the investment appears to be a case of "who" rather than "how much." Read more...