iTech Capital has invested in BitFury
For the first time, an investor from Russia has invested in a project related to Bitcoin . The Russian fund iTech Capital has invested in BitFury , a startup that develops the infrastructure of virtual currency payment systems. In the next round, the company managed to attract investments in the amount of $ 20 million. In addition to iTech Capital, investors were foreign funds DRW Venture Capital and the Georgian Co-Investment Fund . The exact amount invested by the Russian fund is unknown. However, the representative of the fund Alexei Telnov said that iTech Capital led the round.
BitFury is a service running on Blockchain technology. Its main difference from traditional payment systems consists in a decentralized scheme of work. This scheme is as transparent as possible - transactions of all users are displayed in personal virtual wallets of all market participants. But to ensure the operation of the Blockchain , large computational powers are required. BitFury provides its data centers, getting paid for it with virtual currency.
The startup was founded in 2011 by Valery Vavilov and Valery Heavenly. In the summer of 2014, the project raised $ 20 million from the Georgian Co-Investment Fund and several business angels. Prior to this, $ 20 million was invested by Binary Financial , Blockchain Capital , ZAD Investments and others.
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BitFury also sells home mining equipment. In addition, BitFury data centers sell virtual computing power.
“Blockchain is one of the most promising technologies that we have seen in the field of financial technologies in the past 15 years,” RBC reports Gleb Davidyuk, managing partner of iTech Capital, with reference to the Fund’s press service.
iTech Capital has invested in other companies outside the Russian market. In April, for example, he invested $ 2 million in Clickky, an international mobile advertising platform .
Megamind wrote yesterday that Citibank , one of the largest banks in the world, is developing a platform for digital currencies. In addition, the bank created its own cryptocurrency - Citicoin. It is based on Bitcoin cryptocurrency and Blockchain distributed registry technology.
BitFury is a service running on Blockchain technology. Its main difference from traditional payment systems consists in a decentralized scheme of work. This scheme is as transparent as possible - transactions of all users are displayed in personal virtual wallets of all market participants. But to ensure the operation of the Blockchain , large computational powers are required. BitFury provides its data centers, getting paid for it with virtual currency.
The startup was founded in 2011 by Valery Vavilov and Valery Heavenly. In the summer of 2014, the project raised $ 20 million from the Georgian Co-Investment Fund and several business angels. Prior to this, $ 20 million was invested by Binary Financial , Blockchain Capital , ZAD Investments and others.
')
BitFury also sells home mining equipment. In addition, BitFury data centers sell virtual computing power.
“Blockchain is one of the most promising technologies that we have seen in the field of financial technologies in the past 15 years,” RBC reports Gleb Davidyuk, managing partner of iTech Capital, with reference to the Fund’s press service.
iTech Capital has invested in other companies outside the Russian market. In April, for example, he invested $ 2 million in Clickky, an international mobile advertising platform .
Megamind wrote yesterday that Citibank , one of the largest banks in the world, is developing a platform for digital currencies. In addition, the bank created its own cryptocurrency - Citicoin. It is based on Bitcoin cryptocurrency and Blockchain distributed registry technology.
Source: https://habr.com/ru/post/292446/
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