Coinbase (YC S12) hires first engineer http://news.ycombinator.com/item?id=5011361 http://news.ycombinator.com/item?id=5011361 Is that a launch or funding anno

Coinbase (YC S12) hires first engineer http://news.ycombinator.com/item?id=5011361 http://news.ycombinator.com/item?id=5011361 Is that a launch or funding announcement?