Latest news with #AdamBack
Time of India
6 days ago
- Business
- Time of India
Cryptocurrency Live News & Updates : The Smarter Web Company Secures $37.1 Million for Bitcoin
17 Jun 2025 | 03:05:12 AM IST Bitcoin climbed 3.1% to $108,600, approaching its all-time high, driven by positive news from JPMorgan and the upcoming launch of Purpose's ETF, while XRP also saw gains. Bitcoin's recent surge to $108,600, a 3.1% increase, is attributed to favorable developments in the crypto space, including JPMorgan's trademark application for a digital asset platform and Purpose's upcoming XRP ETF launch. Meanwhile, traditional markets showed renewed risk appetite, with notable gains in crypto stocks like Coinbase and Circle. Optalysys, a UK startup, introduced a blockchain server utilizing Fully Homomorphic Encryption, promising more efficient and secure processing of encrypted data. H100 Group is also making headlines, targeting a $79 million raise to bolster its bitcoin strategy, with Blockstream CEO Adam Back already contributing $15 million. Lastly, JPMorgan's deeper foray into digital assets reflects a significant shift in Wall Street's attitude towards cryptocurrencies, as the bank prepares to offer various digital asset services. Collectively, these developments highlight a growing institutional interest in the crypto market, setting the stage for potential future growth. Show more
Economic Times
6 days ago
- Business
- Economic Times
Cryptocurrency Live News & Updates : Optalysys Launches Innovative Blockchain Server
17 Jun 2025 | 01:55:10 AM IST Optalysys has unveiled a groundbreaking server for blockchains that processes data securely without decryption, using 40% less energy than traditional GPU systems. In recent developments, Optalysys has introduced the LightLocker node, touted as the world's first server designed for blockchain applications that utilizes Fully Homomorphic Encryption (FHE). This innovation promises to enhance secure computing while significantly reducing energy consumption. Meanwhile, H100 Group is making strides in the cryptocurrency space, aiming to raise up to $79 million to bolster its bitcoin investment strategy, with Blockstream CEO Adam Back already contributing $15 million. In a notable shift, JPMorgan Chase has filed a trademark for its crypto platform, JPMD, indicating a deeper commitment to digital assets, despite CEO Jamie Dimon's previous skepticism. Additionally, Binance is actively engaging its community with the launch of its 24th Exclusive Token Generation Event featuring Bombie (BOMB) and a new two-phase claiming system for its Alpha Airdrops, set to begin on June 19, 2025. These developments reflect a growing trend of traditional finance embracing cryptocurrency, while innovative startups continue to push the boundaries of blockchain technology. Show more
Yahoo
6 days ago
- Business
- Yahoo
H100 Group Targets $79 Million Raise to Power Bitcoin Strategy
H100 Group (H100), a Swedish health-technology company, said it reached an agreement that could see Blockstream CEO Adam Back lend it as much as 750 million kronor ($79 million) to support its long-term bitcoin BTC treasury strategy. Back signed up for an initial 150 million-krona tranche, known as Tranche 6, of a convertible loan. He also holds a right to participate in two follow-up tranches, each currently set at 75 million kronor, though the company intends to that amount if market conditions allow. The financing structure prioritizes speed and cost-efficiency over a traditional rights issue and allows Stockholm-based H100 to invite other investors on equal terms. Convertible loan terms were set through arm's length negotiations, with Tranche 6 priced at 6.38 kronor per share, a 33% premium to market. "Unexpectedly, given the strong reception, Tranches 1-4 became in-the-money rapidly," Back said in a statement to CoinDesk. "I was expecting [H100] would convert them over time as they reached in-the-money status".H100 Group currently holds 24.41 BTC, according to The company's shares 22% on Monday. Sign in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
Sweden's H100 Group Rallies Another 30% After Raising $10M for Bitcoin Treasury Strategy
Sweden-based H100 Group, a publicly-traded health and longevity company that recently adopted a bitcoin BTC strategy, said it has raised $10.5 million (SEK 101 million) from a group of crypto-focused investors including Blockstream CEO Adam Back, UTXO Management, and several family offices. According to a Wednesday press release, the fundraising was split between SEK 69.65 million in two share issues and SEK 31.35 million in convertible loans. The share issues saw participation from a mix of crypto investors and Nordic family offices. The convertible loans carry no interest and mature in five years. Investors can convert the loans into equity at SEK 1.75 per share. H100 shares advanced another 30% in the Wednesday session, and have now gained nearly 400% since the firm's first BTC purchase on May 22. This was the first tranche of a broader funding plan first announced earlier and could grow further in future rounds, the company said. H100's stated aim is to use the capital to bolster its BTC treasury strategy. H100 Group, led by CEO Sander Andersen, is part of a growing trend of public firms raising funds via share and debt issuances to buy cryptocurrencies to their balance sheets, a playbook popularized by Michael Saylor's Strategy (MSTR).
Business Wire
28-05-2025
- Business
- Business Wire
Blockstream Unveils 'Future of Finance Runs on Bitcoin' Vision at Bitcoin 2025
LAS VEGAS--(BUSINESS WIRE)--Blockstream, the global leader in Bitcoin-powered financial infrastructure, has today revealed its strategic vision to support Bitcoin's next pivotal phase of growth, building on over a decade of pioneering work at the forefront of Bitcoin innovation. Blockstream CEO Adam Back launches consumer app and showcases the firm's evolving enterprise platform at Bitcoin 2025, advancing its vision that The Future of Finance Runs on Bitcoin. Unveiled in a keynote by Blockstream Co-Founder and CEO Dr. Adam Back at Bitcoin 2025 in Las Vegas and anchored by a bold new tagline, The Future of Finance Runs on Bitcoin, the vision introduces a clear framework based on three core business units—Consumer, Enterprise and Blockstream Asset Management (BAM). This framework represents a unified approach to onboarding users across the rapidly growing Bitcoin economy, from individuals to institutions. 'The past year has shown clearly that Bitcoin no longer sits on the margins of the global financial system—it is rapidly becoming the foundation,' said Dr. Back. 'Our vision is simple: The Future of Finance Runs on Bitcoin. Guided by this idea, Blockstream is working hard to build the vertically integrated platform to support that transition, from individual self-custody to enterprise-scale asset issuance and regulated investment products.' A New Era for Bitcoin-Native Finance According to crypto ETF analytics platform SoSoValue, Bitcoin has attracted over $41 billion in net ETF inflows alone since the launch of U.S. spot ETFs in early 2024, led by major institutions such as BlackRock, Fidelity, and Franklin Templeton. At the same time, New Hampshire and Arizona have become the first U.S. states to pursue Strategic Bitcoin Reserves and the number of corporate treasuries holding Bitcoin continues to climb. With a market cap of just over $2 trillion and trillions settled annually on-chain, Bitcoin's role as a legitimate financial layer is increasingly clear, hastening the need for scalable infrastructure. Blockstream has been building that infrastructure for over a decade. Founded in 2014 by Dr. Adam Back—inventor of Bitcoin's proof-of-work (PoW) mechanism—the company has focused from the outset on expanding Bitcoin's functionality without compromising its foundational principles. Blockstream Research, led by renowned cryptographer Andrew Poelstra, is a key contributor to Bitcoin Core and drives advances in applied cryptography and protocol development. On the product side, Blockstream maintains Core Lightning (CLN) for scalable payments, the Liquid Network and Blocksteam Asset Management Platform (AMP) for tokenized asset issuance and settlement, as well as self-custody tools including the open-source Jade hardware wallet. The All-New Blockstream App—Self Custody on Your Terms Headlining today's keynote was the launch of the all-new Blockstream app—a streamlined, self-custodial experience that lets users buy bitcoin and secure it immediately in their own wallet. Built on the foundation of the trusted Blockstream Green wallet, the updated app offers seamless support for managing Bitcoin and Liquid assets within a redesigned interface tailored to both new and experienced users. The Blockstream app is designed to make onboarding intuitive from day one, minimizing friction while staying true to the principles of self-custody. Users can begin simply and gradually adopt more advanced features at their own pace—including hardware signing and air-gapped transactions with the Blockstream Jade. Current Blockstream Green users will find all existing functionality preserved within the redesigned interface. With support for 31 languages, the app makes Bitcoin accessible to anyone with a smartphone, opening the door to secure, sovereign finance worldwide 'The new Blockstream app isn't just a wallet,' said Peter Bain, VP of Consumer Products at Blockstream. 'It's a gateway to the full power of Bitcoin—enabling secure savings, fast payments, and seamless management of tokenized assets, all within an intuitive interface designed for both newcomers and hardcore bitcoiners.' Blockstream Enterprise: Accelerating the Development of Bitcoin-Native Financial Infrastructure Dr. Back also used his keynote to highlight the growing importance of Blockstream Enterprise, the company's evolving platform for corporations, governments and participants across the broader financial sector. Underpinned by the Liquid Network and Blockstream AMP, the platform enables secure asset issuance, as well as treasury and balance sheet management. It also facilitates integration with custodians, exchanges and core financial systems via industry-standard FIX and REST APIs. With the first iteration of AMP already available and additional features rolling out over time, the platform builds on Liquid's momentum, which recently surpassed $3.27 billion in total value locked (TVL). In doing so, it provides a Bitcoin-native foundation for tokenization and institutional settlement focused on regulated custody, compliant off-exchange settlement, and programmable financial instruments. 'As capital markets evolve, businesses, institutions, and governments will need infrastructure that is secure, programmable and built directly on Bitcoin's rapidly growing network,' said Dr. Back. 'Blockstream Enterprise brings that infrastructure together—enabling asset issuance, management, and settlement on Liquid, Bitcoin's first and most battle-tested sidechain.' Unifying Consumer, Enterprise, and Institutional Products Today's keynote marks a strategic inflection point, aligning Blockstream's efforts across the three market segments it serves. In 2024, the company raised $210 million to accelerate development and launched Blockstream Asset Management (BAM), a dedicated division focused on institutional-grade Bitcoin investment products. The company has also deepened collaborations with regulated custodians, corporate treasuries and financial service providers to support the integration of Liquid and AMP into existing financial infrastructure. The Future of Finance Runs on Bitcoin The vision laid out by Dr. Back reflects Blockstream's conviction that Bitcoin is no longer just a $2 trillion asset class but a settlement layer, a development platform, and the most credible foundation for building the next financial system. 'The financial world is waking up to what we've known for years,' said Dr. Back. 'Bitcoin is here to stay —and it's never been easier to build on it. From first-time users to trillion-dollar institutions, our aim is to give everyone the tools to participate in this new economy, with the transparency, security and resilience that only Bitcoin can provide.' To learn more visit Booth 2121 at Bitcoin 2025 or visit Download the new Blockstream app today and take control of your Bitcoin—on your terms. Institutions, enterprises, and governments interested in building on Bitcoin with Liquid and AMP can connect with the Blockstream team directly at business@ About Blockstream Founded in 2014, Blockstream is a global leader in Bitcoin and blockchain infrastructure, with offices and team members distributed around the world. Serving as the technology provider for the Liquid Network, Blockstream offers a sidechain solution that enables secure, trustless Bitcoin swap settlements and robust smart contracts, empowering financial institutions to tokenize assets efficiently. The company's Core Lightning is a leading implementation of the open Lightning Network protocol, widely adopted for enterprise Bitcoin Lightning Network deployments. Blockstream Jade, an open-source hardware wallet, delivers advanced security for Bitcoin and Liquid assets in an easy-to-use form factor. For consumers, Blockstream app is a highly secure and user-friendly Bitcoin wallet. Disclaimer This press release contains forward-looking statements, including but not limited to statements regarding the expected launch timeline of the Blockstream Enterprise platform and time to market of Blockstream Asset Management products. Other 'forward looking statements' may, without limitation, include statements that are preceded by, followed by, or include the words 'believes,' 'expects,' 'anticipates,' 'intends,' 'plans,' 'estimates,' 'foresees,' or similar expressions, and other statements concerning anticipated future events and expectations that are not historical facts. Actual results may differ materially due to regulatory developments, competition from other hardware and technology services providers (in the case of Jade and the app) and both traditional finance and crypto native managers (in the case of BAM), market conditions and other risks. Actual results may differ materially. Blockstream undertakes no obligation to update these statements. Blockstream is not a registered investment, legal, or tax advisor. Nothing in this communication should be construed as investment advice or a solicitation to buy or sell any financial instrument.
