Search Results for: Thiel

PayPal Co-Founder Peter Thiel Injects $30 Million into Crypto Firm BlockFi to Improve Cash Flow and Expand Product Lines

Venture capitalist and PayPal co-founder Peter Thiel is backing New York-based BlockFi in a new funding round of $30 million. The series B offering was led by Valar Ventures, which is a venture capital company backed by PayPal co-founder Peter Theil. Other investors in the offering round included Winklevoss Capital, Avon Ventures, Morgan Creek Digital, … Continue reading PayPal Co-Founder Peter Thiel Injects $30 Million into Crypto Firm BlockFi to Improve Cash Flow and Expand Product Lines

Fintech Startup Stripe Reaches $35 Billion Valuation

This article is contributed by our content partner, Nexchange group. Who said fundraising was hard? Well, definitely not Stripe. According to CNBC, San Francisco-based payments startup Stripe has just raised another $250 million in funding, bringing its valuation from $22.5 billion to $35 billion. Sequoia Capital and Andreessen Horowitz General Catalyst were among the investors that … Continue reading Fintech Startup Stripe Reaches $35 Billion Valuation

DLA Piper: Security Tokenization in Hong Kong

Security tokenization is the representation of fractional interests in an asset using blockchain.  A security token derives its value from an underlying asset, such as a work of art.  This differs from a utility token, which gives a holder the right to use a particular product or service, or a cryptocurrency such as Bitcoin, which has its own value as a currency.  This … Continue reading DLA Piper: Security Tokenization in Hong Kong

CNBC's Jim Cramer Changes Mind, Finally Buying Bitcoin

CNBC’s most famous stock market pundit Jim Cramer has joined the ever-growing list of high-profile Bitcoin investors. This significant move is made after Bitcoin investor and former Facebook team lead, Anthony Pompliano, convinced Cramer to buy Bitcoin. Pompliano plans to release a new podcast episode on Monday, 14th September, to feature how he managed to … Continue reading CNBC's Jim Cramer Changes Mind, Finally Buying Bitcoin

UK’s Argo Blockchain Buys 320 Acres in Texas to Build Bitcoin Mining Facility

Normal 0 false false false EN-US X-NONE X-NONE Global crypto mining firm Argo Blockchain announced its plans to establish a crypto mining facility in West Texas. The crypto mining company listed on the London Stock Exchange revealed that it has acquired a 320-acre plot of land in west Texas, which gives the company access to … Continue reading UK’s Argo Blockchain Buys 320 Acres in Texas to Build Bitcoin Mining Facility

China Could Be Using Bitcoin as a Financial Weapon Against the US, Says PayPal Co-Founder

Normal 0 false false false EN-US X-NONE X-NONE Peter Thiel, billionaire investor and PayPal co-founder, has warned that Bitcoin could be a “Chinese financial weapon” used to dethrone the US dollar’s reserve currency status. In a virtual meeting held for members of the Richard Nixon Foundation, Thiel said that assuming that China is a long … Continue reading China Could Be Using Bitcoin as a Financial Weapon Against the US, Says PayPal Co-Founder

Block.one Raises $10 Billion in Bullish Global Launch, Triggering a 50% Increase for EOS Token

Block.one, EOSIO’s open-source parent company, announced the establishment of a new subsidiary, Bullish Global.  The company launched Bullish, a cryptocurrency trading platform based on the EOS blockchain. The platform will combine centralized and decentralized crypto exchange infrastructure to provide traders with lending, and portfolio management tools to promote deeper digital asset liquidity through a new Automated … Continue reading Block.one Raises $10 Billion in Bullish Global Launch, Triggering a 50% Increase for EOS Token

Palantir Starts Accepting Bitcoin as Payment Method and Considers Adding Crypto to Its Balance Sheet

Palantir Technologies Inc. has announced that it will now accept Bitcoin as a payment method for its customers and is also considering having crypto on its balance sheet. When asked about cryptocurrency by media reporters, David Glazer, the chief financial officer at Palantir, stated in the firm’s first-quarter earnings report that Bitcoin was “definitely on … Continue reading Palantir Starts Accepting Bitcoin as Payment Method and Considers Adding Crypto to Its Balance Sheet

Stay Alert to Crypto Wallets Protection from Quantum Computer Attack

Cybersecurity experts foresee quantum computers could be advanced enough to break through the Great wall of Cryptographic security within a decade. The application of digital signature to access financial accounts could be risky to be attacked by quantum computer hacking, CNBC reported Thursday. Cybersecurity experts indicate that most world financial services are using asymmetric cryptography. … Continue reading Stay Alert to Crypto Wallets Protection from Quantum Computer Attack

Crypto Exchange Bullish Plans to Go Public Via SPAC Valued At $9B

Cryptocurrency exchange Bullish has made an announcement that it plans to go public on the New York Stock Exchange through a merger with Far Peak Acquisition Corp, a special purpose acquisition firm (SPAC), in a $9 billion deal. Bullish, a Block.one blockchain software firm, plans to establish a regulated crypto exchange later this year to enable institutional … Continue reading Crypto Exchange Bullish Plans to Go Public Via SPAC Valued At $9B

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