Blockstream Raises $21 Million from Google Chairman, LinkedIn and Yahoo Co-Founders
Blockstream has officially announced $21m in seed funding to continue the development of its much-anticipated blockchain technology proposal, 'sidechains'. Announced on the Blockstream website, the round was led by LinkedIn co-founder and Airbnb board member Reid Hoffman. Khosla Ventures, which has previously invested in bitcoin API developer Chain; and Canada-based seed fund Real Ventures. In total, Blockstream indicated 40 investors took part in the round. Blockstream CEO Austin Hill positioned the funding as proof that the wider tech industry is increasingly acknowledging the disruptive....
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Blockstream to leverage blockchain technology to develop the Sidechain. In another case of billionaires betting big on Bitcoin and the blockchain technology, a number of technology entrepreneurs have come together to work on a Bitcoin project. The group of entrepreneurs who have previously worked with companies such as LinkedIn, Sun Microsystems and Yahoo have so far contributed a total of US$ 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 announced it will release an open source codebase and testing environment for its signature sidechains project. Called Sidechains Elements, the launch is the first major release for the bitcoin startup since it published its white paper last fall. According to Blockstream, the code will allow community developers to experiment with sidechain functionality, with initial features allowing users to transact and issue digital assets. The release comes months after Blockstream raised $21m in seed capital from investors including Reid Hoffman, Google chairman Eric Schmidt's....
Reid Hoffman, LinkedIn Co-founder and Startup of You author, who sits on the boards of Mozilla Corporation, Swipely, Kiva, and Airbnb joins Blockstream’s Board of Directors as Blockstream raises at least $15.18m in a funding round that is still open. The information was reveled in a recent Securities and Exchange Commissions (SEC) filing. Blockstream is “a private company with a very public mission: the transformation of technologies of trust for the benefit of all.” On commit 5620e43 made October 22, 2014, Blockstream released the Enabling Blockchain Innovations with Pegged Sidechains....
Bitcoin infrastructure firm Blockstream is now valued at $3.2 billion after a $210 million Series B raise.
Yahoo Finance, a popular hub for casual and professional traders, has begun adding bitcoin prices to their extensive index of information (see the picture above). Available under the ticker BTCUSD=X [link], the page will provide users with the latest price (not that they couldn't get it elsewhere), along with news items, as any finance website would show. But it's an interesting development, with many users in the community taking this as a good sign in the ever-developing bitcoin story. Surely, Yahoo's stamp of approval (which could be seen as further legitimizing the digital currency)....