CrowdCurity has raised $1 million in a round of seed funding led by Tim Draper and Kima Ventures.
A new project uses bitcoin wallets to detect computer malware and intruders' attempts to steal coins.
Hosting a bitcoin hackathon is a way for Boost VC to encourage new business ideas within the cryptocurrency industry.
The novel bug-finding scheme rewards security researchers for locating private bitcoin keys hidden within a website.
Bitcoin startups pitched their big ideas to 100+ investors on Tuesday, at a demo organized by incubator Boost VC.
Crowdcurity wants to reward those who find security holes in bitcoin sites.