• Fidelity BlockFi partner custody
    Cryptocurrencies

    BlockFi raises $50M as revenue increases tenfold

    The DeFi firm, which offers crypto-backed loans and savings accounts, is planning to launch a credit card that offers Bitcoin rewards in the near future

    Crypto lending firm BlockFi has raised $50 million in a funding round led by Morgan Creek Digital—with Winklevoss Capital, two university endowments, and the NBA player Matthew Dellavedova among the participating investors.

  • Massive Adoption conference Logo
    Bitcoin,  People

    Massive Adoption bitcoin conference heads toward massive collapse

    The February conference’s website is down, speakers are cancelling, and promised refunds are in limbo

    A bitcoin conference that was supposed to take place next month may not take place at all, after details of the organizers' past have surfaced on social media. Now people are starting to ask questions, and many are wondering where their money went. 

  • newspaper
    Alt coins,  Asia & Australia,  Bitcoin,  Cryptocurrencies,  Ethereum,  Litecoin,  Media

    Must-reads for Nov. 6, 2018: Bitfury’s billion, crypto’s energy costs, and Pomp get dumped

    These are the crypto stories you should be following today

    Billionaire Novogratz Invests in Cryptocurrency Firm Bitfury (Bloomberg) Mike Novogratz’s Galaxy Digital has joined Naver Group of Korea in an $80 million round of funding for Bitfury. The company “sells gear used to mine cryptocurrencies and develops blockchain technology for clients including the Ukrainian government,” notes Bloomberg’s Ruben Munsterman and Ruth David. That puts its valuation above $1 billion. “If it conducts the IPO in the next two years, Bitfury will seek a valuation of $3 billion to $5 billion,” concluded Munsterman and David.   Quantification of energy and carbon costs for mining cryptocurrencies (Nature) Another day, another Nature study on the impact of cryptocurrency mining. A week ago, the…