SEC Form Shows Bitcoin Technology Company Blockstream Already Has Millions in Funding
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....
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Blockstream to leverage blockchain technology to develop the Sidechain. In another case of billionaires betting big on Bitcoin and the blockchain technology, a number of technology entrepreneurs have come together to work on a Bitcoin project. The group of entrepreneurs who have previously worked with companies such as LinkedIn, Sun Microsystems and Yahoo have so far contributed a total of US$ 21 million to Blockstream. Also read: SEC Form Shows Bitcoin Technology Company Blockstream Already Has Millions in Funding. The Blockchain - Difficult to Corrupt. Blockstream aims to enhance the....
Blockstream has officially announced $21m in seed funding to continue the development of its much-anticipated blockchain technology proposal, 'sidechains'. Announced on the Blockstream website, the round was led by LinkedIn co-founder and Airbnb board member Reid Hoffman. Khosla Ventures, which has previously invested in bitcoin API developer Chain; and Canada-based seed fund Real Ventures. In total, Blockstream indicated 40 investors took part in the round. Blockstream CEO Austin Hill positioned the funding as proof that the wider tech industry is increasingly acknowledging the disruptive....
The authors of the new Bitcoin Sidechains paper "Enabling Blockchain Innovations with Pegged Sidechains," published on the Blockstream website, hosted a Reddit AMA yesterday. Also read: SEC Form Shows Bitcoin Technology Company Blockstream Already Has Millions in Funding. AMA means "Ask Me Anything" - Reddit users can ask the host all sorts of questions about any topic. Reddit AMAs use the site's comment system for both questions and answers, and are similar to online text-only press conferences open to all Reddit users. Many celebrities have hosted Reddit AMAs to connect with a global....
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....
While VC firms have demonstrated an overwhelming interest in funding the wider bitcoin industry, its core developers have long argued that contributions to the advancement of its protocol have lagged dangerously behind. To the team behind Blockstream, however, its $21m funding round announced yesterday represents the first concerted execution of capital toward correcting this imbalance. The funding will be used principally by the company to realize its sidechains proposal on the bitcoin network, which would allow assets to be exchanged across multiple blockchains via a two-way pegging....