Bitcoin derivatives startup Hedgy has raised $1.2m in new seed funding from a group of 10 investors that includes Draper Fisher Jurvetson partner Tim Draper, Salesforce CEO Marc Benioff and Sand Hill Ventures.
In conjunction with the announcement, Hedgy has also launched a new derivatives product aimed at commercial bitcoin miners.
Miners that use the derivative can effectively lock in a future price at which they can sell bitcoins, using a smart contract to settle the transaction […]
