Bitmain raises $50m funding round

China-based mining giant Bitmain raises $50 million funding round
04 September 2017   752

According to bloomberg.com, Bitmain, a China-based mining giant, raises $50 million from a number of venture capital firms.

Among the participants of the funding are Sequoia Capital, ING Capital and several other undisclosed investors. It is also reported that the company intends to expand into production of chips for artificial intelligence and set up mining farms in the U.S. Furthermore, according to the information provided by the unnamed source, the investing companies also intend to offer Bitmain management advice as part of the deal.

Bitmain's Antpool chart on blockchain.info Bitmain's Antpool chart on blockchain.info

As shown, Antpool, which is Bitmain's mining pool, is currently the second most powerful one. At the time of writing, Antpool, controlls 15.5% of the network's total hashing power.

UCLA Blockchain Crypto Conference to be Held in LA

The UCLA Conference will be held on February 17-18 of 2018, gathering together the most experienced and exciting thinkers
17 February 2018   174

UCLA's Blockchain Lab and Far from LA are holding the Blockchain Cryptocurrency Conference, gathering together the most experienced and exciting thinkers across SoCal, in order to foster both economic and educational progress. The conference will concern cybersecurity, cryptocurrencies, and blockchain.

The UCLA Conference will be held on February 17-18 of 2018.

Location: The University of California, Humanities Building, 415 Portola Plaza, UCLA 90095, Los Angeles

The headline speakers will include Kathleen Breitman, the co-founder of Tezos; Sandra Ro from UWIN Lab; David Moss from EOS; Jeremy Rubin, the Bitcoin core developer, and many more.

The agenda of the conference is as follows: the future of blockchain keynote, bringing humanity to the blockchain, cybersecurity, autonomous vehicles, blockchain's influence on the development of art and culture, blockchain in the music industry, government adoption of blockchain around the world, and more.