Spherix invested into blockchain-focused education platform

Despite the development stage media and education platform TheBit Daily secured an investment of Spherix Incorporated
27 March 2018   536

It was announced that the deal between TheBit Daily and Spherix had been finalized on March 27. TheBit shares through special guides its knowledge and understanding of the blockchain technology. Custom-curated newsletters are available to the users with the latest updates on the technology and cryptocurrency. Interviews with industry leaders is a crucial part of the resource.

When Bitcoin was booming in 2017, friends asked us constantly how to participate in its explosive growth. That's when we realized there was a lack of education in the space.  Articles and media were geared towards highly complex and technical information. TheBit Daily was born out of the need to simplify blockchain for everyone.

 

Erica Amatori

Co-Founder, TheBit Daily

TheBit has some plans regarding expansion: it's going to include community sourced resource discovery, international videos and access to social network focused on the blockchain ecosystem.

Our investment in TheBit provides our shareholders another opportunity to participate in the growing blockchain and cryptocurrency space, while also being accretive to our proposed acquisition of DatChat.  As the Company moves into the blockchain space, TheBit provides our shareholders and other users with clear and easy to understand information about blockchain and cryptocurrencies. This investment will seek to diversify our revenue base as we help incubate and grow a fantastic startup.  This is a true win-win.

 

Anthony Hayes

CEO, Spherix

Reddit Founder to Share Thoughts on Crypto Winter

Alexis Ohanian believes that overall market fall allows to clean industry from speculators and its good for long-time health
22 February 2019   110

The prolonged fall in the cryptocurrency market allows the industry to get rid of speculators, freeing up space for real cryptocurrency enthusiasts. This was announced by the founder of the Reddit social network, Alexis Ohanian, in an interview with Yahoo Finance.

He noted that such mass cleaning is beneficial to the industry’s long-term health.

Now, it's still to be seen. But what's a strong signal to me is still some of the smartest people I know in tech are working on solving these problems. They're building companies that are built on blockchain. The hype is gone. The fervor is gone. But I think that's a good thing.
 

Alex Ohanian

Founder, Reddit

In February, Reddit attracted $ 300 million investment and reached an estimate of $ 3 billion. The Chinese holding Tencent ($ 150 million), investment firms Sequoia and Fidelity, as well as the musician Snoop Dogg, took part in the round of financing.

Earlier, the head of Pantera Capital, Dan Morehead, said that market participants should not worry about cryptosis, as the current situation opens up good prospects for the future development of the bitcoin and blockchain industry.

A similar point of view was expressed by the founder of Morgan Creek, Anthony Pompiano, in November 2018, stating that the bear market is throwing "tourists" out of the game.