Overstock Invests $5 Million in Peernova in First Bitcoin Investment
US retail giant Overstock has invested in blockchain technology specialist Peernova as part of its second tranche of Series A financing. Formed through a merger between cloud mining contract provider CloudHashing and ASIC hardware designer HighBitcoin in early 2014, Peernova raised $8.6m in funding last December as it sought to accelerate its shift away from mining. In statements, general manager of Overstock's Cryptocurrencies Group Judd Bagley framed Overstock's first investment in a bitcoin industry firm as a vote of confidence in the decentralized ledger-based technologies Peernova is....
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San Jose-based distributed financial technologies expert Peernova has received $5 million in funding from American online retail giant Overstock.com. This is the first investment by the online giant in a Bitcoin firm reinforcing the confidence in the decentralized blockchain technologies that Peernova is working on. General Manager of Overstock's Cryptocurrencies Group Judd Bagley has given Peernova his vote of confidence and believes that the technologies being developed by the blockchain expert will completely reform the way businesses are carried out. "Peernova is precisely the kind of....
Overstock.com, the online retailer, has invested in PeerNova, Inc., an innovator of distributed trustless systems based on blockchain technologies, to complete the second tranche of its Series A financing. To date, San Jose, CA-based PeerNova has raised $19 million in equity and debt financing. PeerNova intends to use the funds to accelerate the development of two core enterprise products focused on data security and financial applications and to build product and business development teams. The company previously provided a bitcoin mining and transaction processing system that was....
E-tail giant Overstock has invested in a Belgium-based blockchain startup. The seed investment in SettleMint, the amount of which was not disclosed, was made by Medici Ventures, a venture arm of Overstock that is focused on its blockchain-based trading platform initiative. In April, Overstock invested $4m in Caribbean digital currency exchange Bitt, and the firm has stakes in other companies like PeerNova and Identity Mind as part of its crypto-exchange project. According to the e-tailer, the investment in SettleMint is aimed, in part, at shoring up the voting capabilities for its tø....
Digital currency tech firm PeerNova has reportedly received a pre-Series A investment by cyber-security expert Ashar Aziz, according to a Tuesday morning announcement. Aziz founded FireEye, a malware protection system, in 2004 and served as the company's CEO until 2012. Today, he's serving on FireEye's vice chairman of the board and chief strategy officer. "As cyber threats proliferate and get more sophisticated, I believe that crypto-ledgers like Bitcoin's block chain will play an increasing role in recording the exchange of valuable assets," he said in a statement relating to his....
Semiconductor pioneer and experienced venture capitalist Pierre Lamond has thrown in some investment funds into San Jose-based PeerNova, according to a Tuesday announcement. Financial terms of the pre-Series A investment were not disclosed, and this isn't the first investment the company has received this year. Back in July, the company had announced that cyber-security expert Ashar Aziz has also made an investment, and the financial terms of that were also not announced publicly. And while we hear about investments in the bitcoin sector much more frequently now than, say, a year ago,....