BitFury Further Hints at Blockchain Tech Interest with Secret Summit

Bitcoin mining giant BitFury has dropped more hints about what may be an emerging interest in Bitcoin's Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology, Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term a private summit in the United Arab Emirates (UAE).

BitFury until now has been solely in the business of manufacturing bitcoin mining equipment and mining bitcoins. In theory, these pursuits can interrelate with those of blockchain technology applications, as the hashing power behind the Bitcoin network would secure whatever 'real-world' transactions ride its rails. 21 Inc, the secretive startup that has secured the most funding in the crypto industry, has indicated its goal of making bitcoin ubiquitous through its mining using everyday devices.

US Department of Justice official Jason Weinstein, one of BitFury's advisors, will be speaking at one of the summit sessions. Not much else is publicly known about the event, which is taking place between October 7-10.

The summit comes two weeks after the company announced that it is investing $100 million in a data center in Georgia, part of a 2 million square-foot tech park.

When BitFury secured its third round of $20 million in July, there were some overtones of interest in blockchain tech, though they were cryptic. "Blockchain is one of the most promising and disruptive technologies we’ve seen in the FinTech industry for the past 15 years. We’ve kept an eye on Blockchain since its inception and are confident in its global recognition and following success," said Gleb Davidyuk, Managing Partner of iTech Capital, one of the round's investors.

This past May, a blockchain summit was held at the private island of Sir Richard Branson, Necker Island. BitFury was among the guests, and showed off a light bulb reportedly capable of mining bitcoin.