Blockstream’s Austin Hill: Blockchain Brings Huge Savings To Financial Regulators
One of the key sectors to adopt blockchain technology will likely be government regulatory agencies, says Austin Hill, Blockstream CEO, in a recent Bloomberg TV interview. Bloomberg TV host Angie Lau interviewed Hill on “First Up.” Blockstream has developed a blockchain “sidechain” technology to bringing cross-chain functionality between the bitcoin blockchain and other public and private blockchains. The company recently raised $55 million in Series A funding, bringing the total capital raised in its funding run to $76 million, CCN reported. Lau asked Hill why people are so excited about....
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“The Biz” kicked off its first episode with Austin Hill, former CEO of Zero Knowledge Systems and former CEO of Blockstream.
On October 13, Blockstream announced its first sidechain project: Liquid. The first production sidechain is a platform that will allow rapid liquidity between Bitcoin exchanges and brokers. Five services collaborated with Blockstream’s developers, Bitfinex, BTCC, Kraken, Unocoin, and Xapo will operate the private chain together sharing order books. Liquid will provide processors reduced accounting time within trading to produce a more fluid exchange arrangement. Founding member and Chief Instigator, Austin Hill states: “As a Bitcoin-centric company, we are excited to be delivering a....
Blockstream, the new for-profit Bitcoin technology company that will be developing sidechains, already has some significant funding. As revealed by a Form D fundraising disclosure form filed at the beginning of the month, Blockstream has already secured over 15.1 million USD in series A funding, with potentially more to come. A Form D is filed with the SEC when funds are raised without prior approval from the SEC. However, since the SEC form is from three weeks ago, the numbers represented therein may not be presently accurate. Also read: Sidechains Whitepaper Authors Will Conduct Reddit....
Chief executive Austin Hill originally told CoinDesk that Blockstream's SEC filing was an "incomplete and inaccurate notice". He has since clarified that the SEC filing is complete and accurate, but does not "portray the whole picture" at this point in the company's fundraising process. This article has been updated accordingly. Blockstream has raised at least $15.18m toward a major funding round expected to close in the coming weeks, according to a recent Securities and Exchange Commission (SEC) filing. The filing also shows that Reid Hoffman, a partner at venture firm Greylock Partners....
The Depository Trust & Clearing Corporation (DTCC) hosted a group of regulators and members of the financial industry in Washington, DC, for a discussion on blockchain tech last month. The event, held on Capitol Hill, was designed by the DTCC to give regulators and other financial industry stakeholders a chance to ask questions directly to blockchain experts. In a blog posted yesterday, DTCC managing director Mark Wetjen said of the event: "It is important that we engage policy makers and regulators from the beginning of this process. New technologies are creating tremendous....