BitcoinMining

BitFury Gets $20 Million Investment, Builds Georgian 100 MW Data Center

Bitcoin infrastructure firm BitFury Group has secured $20 million in funding, including participation from DRW Venture Capital, iTech Capital and Georgian Co-Investment Fund. Don Wilson, Founder of DRW Venture Capital, commented on the deal: DRW's investment in BitFury is an acknowledgment of the impressive work Valery Vavilov and the team...
AltcoinsBitcoinBlockchain DApps

Citi Builds 3 Internal Blockchains & Bitcoin Equivalent ‘Citicoin’, Examines Possibility of Global Dominant Blockchain

Citi has developed three internal blockchains within the bank's research labs and has been running test cryptocurrencies across them, according to the UK's International Business Times. The head of the bank's Citi Innovation Labs, Ken Moore, told the IBTimes: We have up and running three separate systems within Citi now...
BitcoinBlockchain DAppsMiningPayment

Bitcoin Shop Cancels Outstanding Options Before Planned Merger with Spondoolies-Tech

The management team of OTC-traded Bitcoin Shop, Inc. (BTCS) has agreed to voluntarily cancel all 12,450,000 of their options, representing all of the Company's outstanding options, ahead of the Company's anticipated merger with clouding mining and hardware firm, Spondoolies-Tech. Charles Allen, Chief Executive Officer of BTCS, commented: As we continue...
BitcoinBlockchain DAppsPaymentRegulationRipple

World Econ Forum Classifies Blockchain Tech as Payment Disruptor, Mandates “Beat Them or Join Them” Research

The World Economic Forum (WEF) recently published a report titled "the Future of Financial Services" that looks at how disruptive innovations are reshaping the structuring, provisioning, and consumption of financial services. In the report. cryptocurrencies and blockchain technologies featured as innovations that will present challenges for financial services stakeholders. It is...
Bitcoin

BitGo Rolls Out Proof-of-Solvency Service, Signs Up ChangeTip

Bitcoin security platform BitGo has debuted its "Verified by BitGo" proof-of-solvency service. The service has already been adopted by micropayment service ChangeTip, providing a real-time view of bitcoin assets and assuring ChangeTip’s customers and partners of adequate funds. Companies using BitGo’s security platform can adopt and use BitGo's solvency service...
BitcoinBlockchain DAppsEthereumRipple

Spanish Banking Giant Santander Sees Blockchain Tech Cutting Banking Costs $15-20B Yearly

Santander InnoVentures, the venture funding unit of Spanish banking giant Santander Group, recently released a paper called Fintech 2.0, promoting technological innovations that will reinvent financial services. The authors of the paper believe that the combination of the Internet of Things, distributed ledgers - essentially blockchains - and smart contracts will...
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