• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Thunder Network
Nexo Logo

Blockchain Raises $40M from Google Ventures, Virgin Group and Others

Gautham by Gautham
5 years ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

Blockchain — the cryptocurrency startup, known for its Bitcoin wallet and block explorer has announced yet another successful funding round. The company has raised a sum of $40 million in the investment round led by Lakestar venture capital. Other prominent names joining the round includes Google Ventures (GV), and Virgin Group’s Richard Branson, Nokota Management, Digital Currency Group, Lightspeed Venture Partners, Mosaic Venture Partners and Prudence Holdings.

The new round of investment comes at the time when Bitcoin is close to its all-time high of about $3000, which it hit recently. The increasing interest in Bitcoin and the urgency to implement blockchain reforms on Bitcoin network presents lots of opportunities to the company. According to the company, the fresh round of investment will go towards expansion of manpower and research and development. Going by Blockchain CEO Peter Smith’s statement, the company will soon have more offices established across different parts of the world.

Smith described a surge in demand for its products among the cryptocurrency community members as the digital currency’s price rose to record levels in the past few months. The funding will enable the company to meet the rising demand by scaling its infrastructure. Peter Smith was quoted by a leading financial news outlet saying,

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

“We are really focused on scaling to meet the record demand we are getting in the market… We started raising this round before the run up in the cryptomarket. It was good timing in the end because while we were closing the round, we were massively up on every level. Our traffic has been growing 15 percent week over week in last two weeks.”

Blockchain already has over 15 million wallet signups with users conducting transactions worth billions of dollars per month. The company had earlier raised a funding of about $30.5 million back in 2014.

Ref: CNBC | Image: NewsBTC
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!
Tags: Bitcoin Newsblockchainblockchain technologyfundraisingGoogle VenturesNews
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Gautham

Gautham

Related Posts

REV3AL – NFT and Digital Asset Authentication Technology Launches on KuCoin June 30th

REV3AL – NFT and Digital Asset Authentication Technology Launches on KuCoin June 30th

3 hours ago
Ethereum Needs To Breach This Level To Sustain Bullish Pace

Ethereum Needs To Breach This Level To Sustain Bullish Pace

4 hours ago
A Comparison of Global Futures Trading Platforms Shows 5 Advantages of CoinEx Futures

A Comparison of Global Futures Trading Platforms Shows 5 Advantages of CoinEx Futures

7 hours ago
XRP

XRP Has Dropped To $0.34, What To Expect In The 24 Hours?

9 hours ago
Solana

Solana Broke Its Nearest Support, Vital Trading Levels To Keep An Eye On

12 hours ago
Ethereum ETH ETHUSD

CME Net Short Exposure Reaches ATH: Why Institutions Are Bearish on Ethereum

15 hours ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
BC.Game

BC.Game

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
BC.Game

BC.Game

Review · Visit

Crypto Crash: Bitcoin Falling Helplessly, Find Succour in These Two Coins

June 29, 2022

The Stock Market Crash Has Spurred Investors To Invest In Cryptocurrencies Like Mushe Token (XMU) and Quant (QNT)

June 29, 2022

TRON Breaks the 100 Million Users Mark, Celebrates Mainnet 4th Anniversary, and Announces Huge Hiring Push Amid Market Meltdown

June 29, 2022

LBank Exchange Will List Delio(DSP) on June 30, 2022

June 29, 2022

LBank Weekly Listing Report, 27th June 2022

June 29, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.