Armory Raises $600K To Expand Open Source Bitcoin Wallet

This morning, Armory, an open source bitcoin wallet that claims industry-leading security, closed a $600K seed funding round – some of which was in bitcoin – from highly-credentialed legal, technical and financial investors. Armory was one of the first platforms to embrace ‘cold storage’ of bitcoin, a process in which private keys used to sign transactions are stored solely on a computer not connected to the internet. Bitcoin Foundation Chief Scientist Gavin Andresen stressed the importance of increased wallet security earlier this year, citing compromised computers as a primary source of vulnerability, despite the strength of the bitcoin protocol itself. …