As r/Bitcoin Hits One Million Users, State Street Claims ‘No Urgency’ for Crypto Custody

The Reddit subreddit r/Bitcoin has hit the one million user milestone, some eight years after it began. Despite the surging interest in bitcoin among the wider community, investment management giant State Street claims there is “no urgency” to develop secure crypto storage services for its clients. Also read: New Dawn: Treasury Dept. Levies Bitcoin Address Sanctions…

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The Daily: Okcoin-Backed Studio Raises $16M, Coinbase-Funded Game to Enter Beta

In today’s edition of The Daily, we focus on the intersection between the cryptocurrency industry and gaming. A game startup recently raised $16 million from investors such as Okcoin and Galaxy Digital, while the developers of a game backed by the investment arm of Coinbase have released a new gameplay trailer. And in related news,…

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Mining Giant BitFury Wins $80 Million in Investments, Hits $1 Billion Valuation

Photo: The Bitfury Group / Twitter BitFury, one of the largest crypto mining companies, announced it had closed an $80 million round of private financing with global investment firms. Among the investors were such companies as Macquarie Capital, Asian financier Dentsu, European companies Armat Group and Jabre & Lian Group, and the merchant bank founded…

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Coinbase, Mike Novogratz’s Galaxy Digital Get Big Respective Hires

Crypto Street keeps poaching top-tier talent from Wall Street and Silicon Valley. The latest examples come from the hiring of Richard Kim, a former Executive Director at J.P. Morgan and Goldman Sachs, as chief operating officer at Mike Novogratz’s Galaxy Digital crypto bank, and the hiring of Rachael Horwitz, formerly of Spark Capital, Twitter, and…

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