A roundup of news that made headlines in the Bitcoin ecosystem.
Digital Currency Group Adds Western Union, New Investors and Board Members
Western Union is officially an investor in Barry Silbert’s Digital Currency Group (DCG), a bitcoin and blockchain incubator with 70 companies across 22 companies in its investment portfolio. According to New York Business Journal, the undisclosed figure, was injected by a venture set of firms including: Horizon Kinetics, HCM International Company, Gibraltar Ventures, OMERS Ventures, Kingsbridge Wealth Management and Wood Investment Partners. Announcing through DCG’s blog, Barry said
“Our investors now span various segments of the financial industry, from banks to insurance companies to global money transfer and payments companies who see the potential of digital currencies and their many applications”
DCG also announced new members to its board, former Treasury Secretary Lawrence Summers and Gavin Andresen as senior advisors.
BitFury expands to full-service digital asset technology company
BitFury, a bitcoin blockchain infrastructure provider, renowned for its mining hardware and pool operations, announced its intention to expand into a full stack blockchain company. Valery Varilov, who co-founded the group in 2011, posted a blog on the company’s new direction.
The announcement comes a week after the BitFury