Financial institutions want Bitcoin and ETFs: Blockstream’s Adam Back
Back was an early Bitcoin developer and the first person to receive an email from pseudonymous Bitcoin creator Satoshi Nakamoto. Go to Source
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Blockstream Completes $210 Million Convertible Note Financing Round
Blockstream, a bitcoin infrastructure firm, announced on Tuesday the successful closure of a $210 million convertible note financing round, led by the investment firm Fulgur Ventures. According to the firm, the funds will be directed toward accelerating the adoption and development of Blockstream’s layer two (L2) technologies, such as the Lightning network and Liquid. Additionally, … Read more
Blockstream secures $210M debt funding for Bitcoin layer-2 strategy
The company raised $210 million in debt financing less than a month after launching a security token offering in Europe. Go to Source
Polymarket Sees Shifts in Satoshi Nakamoto Betting Odds Ahead of HBO Film Release
With the HBO documentary set to release on Wednesday, claiming to reveal the true identity of Satoshi Nakamoto, Polymarket bettors are actively speculating on who it might be. As of this writing, Len Sassaman, who previously led the wagers, has fallen behind, while Blockstream’s Adam Back now leads with a 22.5% probability of being named … Read more
Blockstream Mining issues hashrate-backed security token in fundraise
Blockstream is essentially selling four-year claims on the proceeds from its Bitcoin mining operations in exchange for funding. Go to Source
Blockstream targets continued Bitcoin miner surplus with series 2 BASIC note
Blockstream CEO Adam Back says 2023 presented a unique investment opportunity with Bitcoin’s price doubling amid low ASIC miner prices on secondary markets. Go to Source
Perfect storm for undervalued ASICs: Blockstream plans $50M raise to buy miners
Blockstream intends to buy and store ASIC mining hardware ahead of Bitcoin’s halving in 2024. Go to Source
Bridged Bitcoin on Avalanche Surpasses Value Locked on the Lightning Network
Members of the crypto community have been discussing the number of bitcoins that have been bridged over to the Avalanche network, which is now larger than the total value locked on the Lightning Network. At the time of writing, there are 5,493 bitcoins circulating on the Avalanche blockchain, while the Lightning Network holds 5,248 bitcoins. … Read more
Crypto Biz: Is Goldman Sachs the ultimate crypto contrarian?
Is the U.S. investment bank looking to buy up distressed crypto firms amid the bear market? Go to Source Powered by WPeMatico
Blockstream raising funds for mining at 70% lower company valuation
CEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity. Go to Source Powered by WPeMatico
