Blog Archives

Mining hardware maker BitFury announces $20 million financing deal

Posted on 30th May, 2014

San Francisco-based bitcoin mining hardware maker BitFury announced today that it had secured a new round of financing worth $20 million dollars. Investors in the new round included Binary Financial, Crypto Currency Partners, Georgian Co-Investment Fund (GCF), Queensbridge Venture Partners and ZAD Investment Company. Angel investors Bill Tai and Jonathan Teo were also involved in […]

SecondMarket’s Barry Silbert claims the insurance industry is eyeing bitcoin

Posted on 28th March, 2014

With his Bitcoin Investment Trust rapidly gaining interest from curious mainstream investors, it’s no surprise that businesses want to talk to Barry Silbert. What is surprising, however, are the kinds of businesses who are now knocking on his door. Earlier today, Silbert posted this tweet, hinting at what may be the strongest indicator yet of […]

“Ultra-secure” bitcoin storage service Xapo rakes in $20 million in VC funding

Posted on 14th March, 2014

If Xapo’s pitch is taken at face value, the California-based bitcoin security company will provide unprecedented levels of protection for user funds. In the wake of the Mt.Gox debacle, it’s not surprising that demand for a safe means of storing bitcoin is a high priority. Venture capital funds seem to think it’s an idea with […]