GreenAddress' founder Lawrence Nahum has assumed the role of Senior Architect at Blockstream.
Blockstream has acquired GreenAddress, an innovative open-source Bitcoin wallet software provider based in Europe. GreenAddress' founder Lawrence Nahum has assumed the role of Senior Architect at Blockstream and his three-person team has joined its engineering efforts.
While no financial details of the deal were revealed yet, earlier this year Blockstream raised an additional $55 million in funding said to be for the goal of the enhancing sidechain technology, expanding operations globally, and supporting new industry partnerships. Now we can tell that part of that was probably meant to finance the acquisition of GreenAddress.
Blocksteam explained that this move "is not a signal of our intention to begin acquiring companies in the Bitcoin or Blockchain technology space." But rather: "As we looked at our sidechain technology roadmap, the addition of an open source, well-tested, production quality wallet was a natural choice. It increases the reach of our platform and allows us to meet the requirements of our enterprise applications."
Lawrence has written to his clients that the development and support of the wallet will continue as before and that by extending GreenAddress to work with sidechain, users will have the ability to manage not only Bitcoin, but other assets and features that are coming online over the next months and years ahead as Blockstream and other developers establish new sidechain-based networks.
He added: "For the last two years we have worked hard to bring you a user friendly, innovative, and safe bitcoin wallet. We couldnβt have come this far without you. No worries! Your wallet will continue to operate, and, as always: your funds are safe by design. We are grateful for your support and feedback. From the bottom of our hearts, thank you!"
Blockstream has acquired GreenAddress, an innovative open-source Bitcoin wallet software provider based in Europe. GreenAddress' founder Lawrence Nahum has assumed the role of Senior Architect at Blockstream and his three-person team has joined its engineering efforts.
While no financial details of the deal were revealed yet, earlier this year Blockstream raised an additional $55 million in funding said to be for the goal of the enhancing sidechain technology, expanding operations globally, and supporting new industry partnerships. Now we can tell that part of that was probably meant to finance the acquisition of GreenAddress.
Blocksteam explained that this move "is not a signal of our intention to begin acquiring companies in the Bitcoin or Blockchain technology space." But rather: "As we looked at our sidechain technology roadmap, the addition of an open source, well-tested, production quality wallet was a natural choice. It increases the reach of our platform and allows us to meet the requirements of our enterprise applications."
Lawrence has written to his clients that the development and support of the wallet will continue as before and that by extending GreenAddress to work with sidechain, users will have the ability to manage not only Bitcoin, but other assets and features that are coming online over the next months and years ahead as Blockstream and other developers establish new sidechain-based networks.
He added: "For the last two years we have worked hard to bring you a user friendly, innovative, and safe bitcoin wallet. We couldnβt have come this far without you. No worries! Your wallet will continue to operate, and, as always: your funds are safe by design. We are grateful for your support and feedback. From the bottom of our hearts, thank you!"
US Prosecutors Recommend 3-Year Prison Sentence for Binance's Changpeng Zhao: Report
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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