Following are the major Bitcoin news of the day
Circle Financial Aims to Raise $40 Million in VC Funding
Bitcoin wallet startup Circle Financial recently announced to initiate a venture capital funding round, in which it is planning to raise a whopping $40 million. The company’s current capital is already near $200 million, raised from multiple Wall Street firms and investors. The upcoming funding round however will be specifically focused on further developments related to online and in-person payments. You can read the full report here.
Ross Ulbricht Hopes to Escape Prison Comes to End
Silk Road’s convicted creator and operator Ross Ulbricht recently faced another shocker when his appeal for a retrial got rejected by the case’s appointed judge, Judge Katherine Forrest. The judge wrote in her court memo that the evidences against Ulbricht were solid enough to prove him guilty, and cannot be pardoned by any means. You can read the full report here.
Richard Branson Announces High Profile Bitcoin Conference on His Private Retreat
Sir Richard Branson, founder of the Virgin Group, will host a Bitcoin event, named ‘Block Chain Summit’, which will held from 25 to May 28 on his private island, called Necker Island, in the British Virgin Islands. You can read the full report here.