Category Archives: Blockchain

Google, Lakestar lead $40M funding for bitcoin start-up Blockchain

London-based bitcoin currency service provider Blockchain has raised $40 million of fresh funding, the largest Series B raised so far in 2017.

Google, Lakestar lead $40M funding for bitcoin start-up BlockchainThe financing round was led by venture capital firm Lakestar and Google’s investment arm GV. Nokota Management, Digital Currency Group and Blockchain’s existing investors Lightspeed Venture Partners, Mosaic Venture Partners, Prudence Holdings, Virgin and billionaire Richard Branson also participated in Thursday’s funding round.

The recent funding brings Blockchain’s total capital raised to over $70 million, CEO and co-founder Peter Smith said in a statement. It is also the largest investment that the fintech space has seen since Brexit, although it fell short of the $55 million that blockchain start-up Ripple managed to raise from big banks in 2016.

The freshly raised funds will go towards supporting Blockchain’s global expansion plans, as well as further research and development for its product. Founded in 2011, Blockchain provides digital currency wallets and analytical tools for bitcoin’s underlying system.

“Our mission ‘to create an open, accessible, and fair financial future for billions across the globe, one piece of software at a time’ is a lofty one. This capital moves us one step closer to delivering on that mission and will ensure we can take a very long-term view,” Smith said.

The investment comes at a time that digital currencies, particularly bitcoin, are receiving increased interest among traders. Bitcoin, which has been on a bull run towards new price highs since the start of the year, recently hit a record high of $3,000.

“The 14 trillion dollar financial services industry hasn’t meaningfully changed in over a century,” said Smith. “Blockchain is on a mission to create a financial system that is faster, more inclusive, and radically different than the status quo.”

Smith made headline early this when he, along with Snapchat’s first inventor Jeremy Liew, forecast bitcoin to ‘realistically reach $500,000 by 2030.”

“Expats sending money home have found in bitcoin an inexpensive alternative, and we assume that the percentage of bitcoin-based remittances will sharply increase with greater bitcoin awareness,” the two told Business Insider.

Current bitcoin price

Bitcoin still has a long way to go before hitting $500,000. For now, the digital currency is trading at $2,706.50.


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New conference speaker: Bharath Rao, founder of Coinpit Inc.

April 14, 2016

New conference speaker: Bharath Rao, founder of Coinpit Inc.

New conference speaker: Bharath Rao, founder of Coinpit Inc.Workforce of speakers at Blockchain & Bitcoin Conference Prague welcomes Bharath Rao – the founder and director of investing system Coinpit Inc.

Subject of his presentation is titledSoftware of cryptotechnology and Bitcoin”.

When Bharath Rao set up Coinpit Inc., he was utilizing 10 many years of expertise of investing on Wall Road, and the information acquired at the executive positions.

He will explain to about the rewards of blockchain systems supplying:

– authorization without the login and registration. Browser instantly creates the closed important for identification on the server

– basic safety of transactions. Each and every procedure is assigned with user’s magic formula important

– confidentiality. Consumer does not have to reveal the name, e-mail or other facts allowing for to ID him.

Be part of Blockchain & Bitcoin Conference! Party commences in a thirty day period, on May perhaps 19.

Discover out more at

Would you like to obtain a ticket? Simply click right here.

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