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.
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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.
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Cryptoverse confounded on why Bitcoin briefly broke above $5,000
From short sellers unwinding to April Fool’s gone wild, there are plenty of theories and a great deal of glee
Bitcoin (BTC) briefly cracked $5,000, running up as much as 20% in a flurry of buying overnight that started at about 1:20 a.m. ET, according to Coinbase, before settling above $4,700 by 11:30 a.m., up 15%.
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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…
