Blockstream Acquires Adamant Capital, Will Launch New Finance Division
Blockstream has acquired bitcoin fund manager Adamant Capital as the basis of its forthcoming Blockstream Finance division.Bitcoin infrastructure company Blockstream will acquire bitcoin hedge fund manager Adamant Capital to serve as the basis of Blockstream Finance, a new division focused on offering bitcoin-focused investment products built on the Liquid sidechain, per a release shared with Bitcoin Magazine.Blockstream highlighted its recently-launched Blockstream Mining Note (BMN), a Liquid-based security token that is designed to give investors exposure to Bitcoin mining, as an example....
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Bitcoin infrastructure architect Blockstream has acquired wallet provider GreenAddress in a move the startup says could impact the development of its signature, still in-development sidechains solution. Following the acquisition, GreenAddress Wallet's team of three developers will continue to work on privacy and security bolstering features for the wallet as well as compatibility for sidechains, a bitcoin infrastructure component that Blockstream has raised $76m in two investment rounds to engineer. In interview, former GreenAddress founder and CEO Lawrence Nahum, now senior architect at....
Bitcoin startup Blockstream has a new CEO. The company said today that its first CEO, Austin Hill, is formally stepping aside, with current president Adam Back being appointed to the role. As part of Hill's exit from the firm, he has also stepped down from the board. Blockstream said that Hill was leaving the company to "pursue other opportunities". Back, a noted cryptographer who is one of the startup's founders, said in a statement: "I am honored to take on the CEO position at this important phase in the company’s growth and am excited about leading Blockstream to its full....
On Thursday, the Boston-based financial services and bank holding company State Street Corporation announced the launch of a division dedicated to cryptocurrencies, the digital economy, and decentralized finance (defi). State Street Invokes New Division Dedicated to Crypto, Blockchain, and Defi The financial services company State Street (NYSE: STT) offers a wide array of products like Investment management, securities lending, stock trading, and custodial banking services. In Q3 2020, data shows that State Street has around $3.15 trillion assets under management (AUM). On June 10, the....
Blockstream has just announced the rollout of Liquid, its first production sidechain on bitcoin. The company has been in collaboration with its launch partners, which include Bitfinex, BTCC, Kraken, Unocoin, and Xapo. It is also in discussions with another dozen major institutional traders and licensed exchanges, according to its blog post. The bitcoin network has currently been undergoing a lag when it comes to processing transactions, most likely due to the block size limit combined with the large growth in transaction volume over the past months. Liquid aims to provide a way to improve....
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....