buckle-up, here comes wall street via vc money, i rly don't see the price stabilizing with more and more of this.
A new platform called Coinsetter is launching late in the second quarter that will be first to allow participants to trade bitcoin using borrowed money, knowing as trading on "margin," or to make bets against its value.
Coinsetter Lands $500K From SecondMarket Founder & Others To Help Bring Leverage, Shorting To Bitcoin Trade
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Today, Coinsetter, a New York City-based startup looking to launch a new Forex trading platform for Bitcoin, announced today that it has raised $500,000 in seed capital. The round was led by Tribeca Venture Partners and SecondMarket founder and CEO Barry Silbert (through his Bitcoin Opportunity Fund), with participation from angel investors like Jimmy Furland, a London-based technology entrepreneur, Microsoft Head of Corporate Strategy, Charles Songhurst, and Facebook Product Lead, Ben Davenport.
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http://techcrunch.com/2013/04/09/coi...bitcoin-trade/