Canada-based Blockstream, a prominent player in the Bitcoin ecosystem, recently revealed the upcoming launch of three new funds to expand its reach within the crypto Market. In January, the announcement laid the groundwork for Blockstream’s foray into asset management, driven by a $210 million investment round led by Fulgur Ventures. According to Bloomberg’s March report, […]
Blockstream
Blockstream Exposes Phishing Scam: Urges Caution Amid Rising Threats
In a recent and unsettling development, the widely-used non-custodial crypto wallet known as Jade, birthed by the eminent Bitcoin (BTC) development studio Blockstream, has fallen victim to a phishing attack that left its users on high alert. Jade Wallet users were inundated with scam alert messages, claiming that the Jade hardware wallet had been compromised, […]
Bitcoin Pioneer Back Bets Million Satoshis on $100K
In a high-stakes clash of predictions, Blockstream CEO Adam Back, a luminary in the early crypto landscape, has made a daring bet that Bitcoin will surge past an all-time high of $100,000 before the much-anticipated 2024 halving event. The bold wager was sealed in an August 7 conversation on X (formerly known as Twitter), where […]
Blockstream To Expand Bitcoin Mining Capabilities with $125 Million Funding
Blockstream, a leading Bitcoin infrastructure provider, has announced a significant funding round, raising $125 million in a convertible note and secured loan financing to expand its institutional Bitcoin mining colocation services. The round was led by Kingsway Capital, with participation from Fulgur Ventures and other investors. The funding will be used to expand mining facilities […]
Blockstream Eyes Another Funding Round – This Time At A Lower Valuation “Below $1B”
Blockstream, a crypto infrastructure company, has set up an investment round that will raise “fresh funds at a lower valuation” than its previous one, which is about below $1 billion, as reported by Bloomberg. A source with knowledge of the situation who wanted to remain anonymous because they were talking about private information revealed the valuation amount. […]
Tesla, Block and Blockstream to build a 100% solar-powered Bitcoin Mining Rig
Jack Dorsey’s Block, Digital asset infrastructure provider Blockstream, and Tesla unite together on a new venture to construct a solar- and battery-powered bitcoin mine in U.S’s second-largest state Texas. Speaking on the ambitious project, Adam Back, Blockstream co-founder, and CEO told that the mining facility is designed to be a 100% renewable energy bitcoin mining at […]
Solar-powered Bitcoin Mining by Blockstream to see investment from Square of $5M
Bitcoin mining might be facing severe cases of crackdowns in some parts of the world, the innovation to make the process have a less adverse effect on the environment continues. In pursuit of bringing in sustainable methods for the same, the Jack Dorsey-led financial services company Square is all set to team up with blockchain […]
Blockstream Exec Identifies Bitcoin SV Multisig Bug
Bitcoin SV has been one of the most controversial crypto-asset to ever exist. In the latest news, a BSV user reportedly lost nearly $100,000 due to a multisig script bug. The hackers purportedly exploited the network vulnerability in a bid to steal the assets of a user. Adam Back, the CEO and Co-founder of Blockstream […]
Venezuela Citizens To Have 24/7 Access To Bitcoin With Blockstream’s Satellite Node
Developed countries steering towards the adoption of technological developments, developing countries, and underdeveloped countries aren’t lagging behind. Particularly in the adoption of cryptocurrencies, the latter has been keener on the topic. Venezuela stands as substantial proof of the same. The latest news from the country further emphasizes its interest in cryptocurrencies. Satellites To Address Internet […]
DeFi Mania Eclipses Bitcoin’s Sidechain Liquid as Latter’s Figure Stagnates
Despite being the undisputed leader of the cryptocurrency realm, Bitcoin blockchain has been riddled with scalability issues. Due to this, many implementations have been tried and tested to make the network more efficient. One such is Blockstream’s sidechain-based settlement network, Liquid’ which is essentially a second layer solution for traders and exchanges, that enables faster, […]