#BitFury News

Bitfury and Kaspersky Have Reportedly Partnered to Build Russia’s Next Public Voting System

June 10, 2020 by Shaurya Malwa at Blockchain

Political and public consensus voting has a huge potential use case for blockchain technology, ever since the latter’s rise in popularity. Several governments around the world have tested or are testing voting via blockchain systems, with Russia the latest to join the fold. Putin in the Crosshairs As per Coindesk...

Bitfury Labeled Wallet Bursting with Cash

Mining Giant Bitfury Expands Its Blockchain Services With Exonum Enterprise

December 6, 2019 by Edoardo Vecchio at News

Bitfury announced on December 5 the launch of Exonum Enterprise, a private blockchain that allows companies and institutions to launch blockchain projects by exploiting the security of the Bitcoin blockchain. Shifting to Enterprise Blockchain Developer After having previously launched its own open-source software that allowed anyone to run permissioned blockchain,...

$1 Trillion Institutional Investor Catches the Bitcoin Fever

ITI Funds and Bitfury Team Up to Satiate Institutional Appetite for Cryptocurrencies

June 26, 2019 by Edoardo Vecchio at News

According to an article published by Institutional Asset Manager, on June 25, 2019, ITI Funds has collaborated with Bitfury Group to implement a process for cryptocurrencies transactions compliant with the KYC and AML procedures applicable to funds and investment management companies. This tool expands further ITI Funds' crypto services. ITI...

Bitfury Join Forces with Final Frontier to Launch Bitcoin Mining Fund

April 24, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Finance, Investment, Mining, News

Bitfury, one of the leading infrastructure providers for the Bitcoin blockchain, has collaborated with Final Frontier, a Swiss-based artificial intelligence (AI) and blockchain investment firm, to launch a regulated Bitcoin mining fund, according to a Reuters report on April 24, 2019. Exposing Institutional Investors to Bitcoin Mining Per sources close...

Mining Shaft with Bitcoin Carts Passing therin

Bitcoin Mining Firm Hut 8 Lays Off More Employees

April 7, 2019 by Osato Avan-Nomayo at Bitcoin, Business, Finance, Mining, News

Hut 8, a Canadian Bitcoin mining firm has laid off more employees, citing poor revenue figures due to the prolonged cryptocurrency bear market of 2018. The Canadian Broadcasting Corporation (CBC) reports that it is the second round of staff cuts, following layoffs earlier in January 2019, as the company reportedly...

Bitfury, Longenesis and Medical Diagnostics: Radiology Marketplace to be Transformed with Blockchain

February 13, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Business, News

In a bid to create a robust distributed ledger technology (DLT ) powered platform for maintaining, sharing and securing medical imaging and diagnostics data, Medical Diagnostics Web (MDW) has joined forces with Longenesis and Bitfury, a global infrastructure provider for the Bitcoin Network, according to a Medium blog post on...

Bitcoin Weakens Despite No Crypto-Negative Headlines: BTCManager’s Week in Review Februayr 4, 2019

February 4, 2019 by Alex Lielacher at News

Despite a lack of bitcoin-negative news, the bears have won over the bulls this week, which has resulted in a week-on-week decline in the price of bitcoin by over three percent. The re-application of CBOE and VanEck for a cryptocurrency ETF failed to boost the price of bitcoin, despite the...

Bitfury and Commons Foundation Set to Launch Bitcoin Transaction Processing Center in Paraguay

February 1, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Bitcoin, Blockchain, Business, Development, Mining, News

Bitfury, a highly-reputed firm dedicated to securing the Bitcoin blockchain, is collaborating with Commons Foundation, a Seoul-based organization focused on creating and implementing cultural, economic, and social peer-to-peer models. The duo will launch a Bitcoin transaction processing center in Paraguay, as part of the latter’s “Golden Goose” initiative aimed at...

Lightning Peach Products Purple Yellow Wallet Bitfury

Bitfury Unveil Tools to Promote Bitcoin Lightning Network Adoption

January 24, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, News, Tech

Bitfury’s Lightning Peach team has launched a series of products including an open-source Lightning Network-powered bitcoin wallet, a hardware terminal, a suite of developer tools and more, aimed at promoting the adoption of the Bitcoin Lightning network, according to a Medium Blog post on January 23, 2019. Package Production In...

Georgia Church People Pray Red White Blue

Georgia Still Believes in Bitcoin Despite Cryptocurrency Markets Slump

January 24, 2019 by Ogwu Osaemezu Emmanuel at Business, Mining, News

At a time when the price of bitcoin and other cryptoassets are being heavily pummeled by the bears, with several businesses closing shop completely, Georgia still believes in cryptos and is doing everything within its powers to become a blockchain technology hub, reported the New York Times on January 22,...

Music Blockchain Man Headphones Purple Blue Musical Notes

Bitfury Steps into the Music Business with the Launch of Bitfury Surround

January 17, 2019 by Tokoni Uti at Blockchain, Business, Entertainment, News, Platform

On January 16, 2019, Bitfury announced the launch of their new open source music platform called Bitfury Surround. It seeks to streamline the various processes of commercializing music as well as the sharing of revenue. From Mining to Music Bitfury, known in the blockchain world for their bitcoin mining-rig manufacturing,...

Mining Giant Bitfury Raises $80 Million in Closed Funding Round

November 6, 2018 by Priyeshu Garg at Bitcoin, Business, Finance, Investment, Mining, News

Bitfury, a San Francisco-based provider of blockchain infrastructure, has just closed an $80 million funding round led by venture capital firm Korelya Capital, the company announced in a press release on November 6, 2018. $80 Million Private Placement for European Blockchain Unicorn Bitfury Bryan, Garnier & Co, the leading European...

Cryptocurrency Mining Company Bitfury Considers European IPO

Bitcoin Mining Company Bitfury Considers European IPO

October 27, 2018 by Nigel Dollentas at Bitcoin, Business, Finance, Mining, News, Platform, Tech

Most famously known for their cryptocurrency mining ASIC chips, Bitfury is reportedly interested in public on a major stock exchange in 2019, reported Bloomberg on October 25, 2018. The mining company has had talks with global investment banks with countries all through Europe in preparation for a trading debut in...

Blockchain Visionary Earns Millions With “BlockBox”

June 21, 2018 by Priyeshu Garg at Blockchain, Business, Finance, News, Tech

All over the world, the so-called BlockBoxes used in bitcoin mining, are appearing in the countryside as FinTech companies and individuals are getting on the bandwagon to get the best out of the newly-emerged industry. Creation of BitFury These large mysterious structures are the work of BitFury Group Ltd. CEO...

Coca-Cola and the US State Department use the Blockchain to Combat Forced Labor

March 21, 2018 by Cindy Huynh at Blockchain, News, Tech

Coca-Cola and the US State Department are working together to fight forced labor in the supply chain using blockchain technology. “We are partnering with the pilot of this project to further increase transparency and efficiency of the verification process related to labor policies within our supply chain,” said Brent Wilton,...

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