Bitfury news

Blockchain company that develops software and hardware for working with Bitcoin, including mining.

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Final Frontier and Bitfury Launch Regulated Bitcoin Mining Fund

Following approval from European authorities, Swiss investment firm Final Frontier is partnering with Bitfury Group to launch a regulated bitcoin mining fund for personal and institutional investors.Bitfury announced the partnership on April 24, 2019, describing the project and some of the advantages that this mining fund will offer to investors.According to the Bitfury Medium post, the fund will look to introduce more investors to the difficult-to-access world of bitcoin mining “by offering exposure to bitcoin mining via a fully regulated fund in a European jurisdiction, with top-tier service providers.”Investors in the fund will help to financially support Bitfury’s various mining farms in locations with the lowest operational costs, the company claims. John Mercurio, Bitfury’s chief communications officer, told Bitcoin Magazine that these sites are scattered worldwide and “are all operating under the Bitfury brand.”Mercurio also mentioned that the fund will require little from investors outside of their capital. After stakeholders “subscribe to the fund,” he explained, Bitfury “makes the investment/acquisition and oversees the entire life cycle.” The fund will then pay these investors annually in euros for as long as they choose to participate in it (assuming ongoing profitability).In addition to the stipulation that payouts must be in this specific fiat currency, rather than in any particular crypto asset, Mercurio also confirmed that the fund is only open to accredited investors. When asked if the fund has seen preliminary interest from investors, Mercurio would not disclose any information.In the Medium post, Bitfury’s CEO Valery Vavilov called this project “a novel way of accessing bitcoin mining opportunities” with a solid path for “creating financial opportunities and furthering institutional adoption of bitcoin.”Final Frontier’s co-founder Imraan Moola concurred, claiming that “now may be an opportune time to consider investing in bitcoin mining,” per the post.With access to Bitfury’s worldwide mining resources, this fund offers an alternative to just hodling bitcoin. While other mining companies offer similar outside investments opportunities, the fund is something of a standout in offering a dedicated mutual fund to this end. This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

Bitfury Join Forces with Final Frontier to Launch Bitcoin Mining Fund

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 to the matter, distributed ledgerRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Bitfury and Final Frontier launching bitcoin mining investment fund

CryptoNinjas Final Frontier, a Swiss investment firm focused on DLT and blockchain technology, today announced the launch of a fully regulated bitcoin mining fund designed for institutional and professional investors, following authorization by a European financial regulator. The product, developed by Final Frontier, provides investors with a regulated investment... Bitfury and Final Frontier launching bitcoin mining investment fund
CryptoNinjas

Bitfury Institutional Bitcoin Mining Fund Gains EU Regulator Approval

Bitfury Institutional Bitcoin Mining Fund Gains EU Regulator Approval Blockchain tech giant Bitfury has partnered with a Swiss investment firm to release a dedicated bitcoin mining fund for institutional investors, executives confirmed on Twitter on April 24. Bitfury, which develops various blockchain-related software along with mining services, confirmed that Final Frontier, in which it holds […] Cet article Bitfury Institutional Bitcoin Mining Fund Gains EU Regulator Approval est apparu en premier sur Bitcoin Central.
Bitcoin Central
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GBV launches a $100M blockchain fund, Siemens invests $681M, Dapper Labs acquires $15M, Bitfury secures $80M, investors are defrauded of 6,9M HKD, FLiK is used to steal $5M, $300M to build crypto city, Grayscale releases its Q3 investment report, Morgan Stanley publishes its BTC report, crypto investor owes government $400K in taxes, Bitcoin Exchange Guide shows BTC traders mistakes, where institutional investors can invest in crypto

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Bitfinex goes insolvent around the time of the April bubble, coincidence? No.

This is Willybot all over again. CryptoTrading claims 850mil is "seized" by officials. Bitfinex/Tether co obtain a 900mil line of credit with a 6.5% interest rate. Markets see unprecedented buying action, with Bitfinex as the leading exchange, leading to the 20k USD bubble. You can't tell me that the timing of this is all coincidence. This is the exact same thing that happened with MtGox and it's market manipulation effort to pay back its losses. On March 29, after further discussions, the representatives disclosed in a letter to the AG that the credit line had been closed and “during November 2018, Tether transferred $625 million held in its account at Deltec to Bitfinex’s account at Deltec. Ergo, Tether is not currently backed by a reserve (unless they have access to another credit line we aren't aware of, seems unlikely though). In other words a portion of this market is currently propped up by money that does not exist. So people can stop saying that this news "shouldn't impact Bitcoin", because it clearly should and will.
/r/BitcoinMarkets

XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Bear reigns as prices stagnate

The cryptocurrency market saw a roller-coaster ride over the past couple of months, and that was reflected in the prices and market caps of top cryptocurrencies. XRP, the third largest cryptocurrency, was stuck in the bear trap with no room for any bullish movement, while Stellar Lumens [XLM], which performed well at the start of the bull run, shared a similar fate to that of XRP. XRP 1 day Source: TradingView The one-day chart for XRP showed a downtrend that pulled the price from $0.517 to $0.371, while the long term support held at $0.291. The Bollinger bands moved parallelly due to the continuous sideways movement of the market. The Chaikin Money Flow indicator was below the zero line, as the capital leaving the market was much more than the capital coming into the market. The Awesome Oscillator recorded low amplitudes due to the lack of market momentum in the XRP ecosystem. XLM 1 day Source: TradingView XLM’s one day graph saw a drop in price from $0,278 to $0.138, while the long term support was at $0.074. The Parabolic SAR was above the price candles which signified that the cryptocurrency was going through a bearish atmosphere. The Relative Strength Index was closer to the oversold zone, a sign of the selling pressure being more than the buying pressure. The MACD indicator underwent a bearish crossover that caused the signal line and the MACD line to converge below. The MACD histogram was a mix of bearish and bullish signals. Conclusion The above-mentioned indicators clearly indicated that the cryptocurrency market was still in a bearish trudge and that there was no bull run in sight. This was evidenced by the significant drop in market momentum. The post XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Bear reigns as prices stagnate appeared first on AMBCrypto.
AMBCrypto

Bitfinex Allegedly Covers $850 Million Loss With Tether Funds

Bitfinex Allegedly Covers $850 Million Loss With Tether Funds The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall, according to an announcement published on April 25. Attorney General Letitia James revealed that her office obtained […] Cet article Bitfinex Allegedly Covers $850 Million Loss With Tether Funds est apparu en premier sur Bitcoin Central.
Bitcoin Central
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