Bitfury, Tech Firm Mphasis Plan Blockchain Disruption in Trade Finance

IT firm Mphasis, which is owned by private equity multinational Blackstone, has partnered with blockchain tech firm Bitfury with the aim of disrupting trade finance. The firms say they will bring new transparency and efficiency to settlement, foreign exchange and financing processes using automation and “new forms of tokenization,” according to an announcement Tuesday. “Instant” settlement […]

Continue Reading

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 a minority stake, had gained regulatory approval for the […]

Continue Reading

New Bitfury Joint Project to Manage Medical Data Permissions With Blockchain Tech

The Bitfury Group and blockchain-powered medical data marketplace Longenesis have jointly launched production of a blockchain-based consent management system for the healthcare industry. The development was announced in a press release shared with Cointelegraph on April 4. Per the release, the new product addresses issues with the management of user consent for ongoing and upcoming […]

Continue Reading

Report: Crypto Miner Hut 8 Lays Off More Staff

Canadian Bitcoin (BTC) mining  firm Hut 8 has reportedly laid off employees at its facilities in the province of Alberta, the Canadian Broadcasting Corporation (CBC) reports April 4. Hut 8’s crypto mining facilities in Drumheller and Medicine Hat are part of a joint venture with European crypto mining hardware firm Bitfury.   A former employee […]

Continue Reading

Bitfury Integration to Bring Bitcoin Lightning Payments to More Merchants

The Bitfury Group has partnered with business payments processor HadePay to bring lightning network-based bitcoin payments to merchants in the U.S., Canada and the EU. Bitfury announced Thursday that it has integrated its web-based lightning network Peach Merchant API (application programming interface) with HadePay’s platform, allowing businesses to accept payments over the lightning network and “improving […]

Continue Reading

Forbes ‘2019 Fintech 50’ Lists About Half as Many Blockchain Companies as 2018 Edition

The Forbes 2019 “Fintech 50” list of the world’s top financial technology firms published on Feb. 4 features six blockchain companies, little more than half the amount listed in the 2018 edition. Released in February of last year, Forbes 2018 “Fintech 50” list contained 11 blockchain– and crypto-related companies. In the introduction to this fourth […]

Continue Reading