ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Saturday Nov 25th 2017
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Event

Submit an event for consideration on ETHNews

Submit Event

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Events
Contact Us

Branson Backs Blockchain Wallet

By

Matthew

De Silva

WriterETHNews.com

On Monday, July 10, Virgin Group founder Sir Richard Branson took to his blog to announce a Series B investment in the company Blockchain, which produces a software platform for digital assets. To date, Blockchain has raised $70 million from international investors.

On July 10, English business mogul Sir Richard Branson announced that the Virgin Group has invested in a Series B financing round for Blockchain, a bitcoin wallet business. ETHNews previously covered this round of funding, which also included investments from Lakestar and GV (formerly Google Ventures). 

In his post, Branson writes, “Blockchain’s focus has been on building the most used and trusted wallet technology, enabling users to essentially act as their own bank. We think the wallet will play a pivotal role in this ecosystem and I see the business leading the way in a space that has the potential to disrupt the world of money and centralised institutions.”

A spokesperson for Blockchain expressed gratitude for Branson’s vote of confidence:

"We are very fortunate to have the continued support of world-renown investors and entrepreneurs, like Sir Richard Branson, who recognize the positive implications of digital currency. This capital will allow us to make big, bold bets and we look forward to what the future holds."

Branson observed that since his company’s initial investment in blockchain technology in 2013, “regulatory clarity” has advanced while the cryptocurrency ecosystem itself has evolved.

Calling upon the Virgin Group’s own versatility, Branson suggests that it’s important to back entrepreneurs “who know how to deal with these changes.” In particular, he applauds co-founders Peter Smith and Nic Cary for creating “a platform that will allow them to be the custodian of any digital assets should alternate use cases of blockchain technology reach critical mass.”

Later this month, Branson’s pristine Necker Island will play host to its third annual Blockchain Summit.

Matthew De Silva

Matthew is a writer with a passion for emerging technology. Prior to joining ETHNews, he interned for the U.S. Securities and Exchange Commission as well as the OECD. He graduated cum laude from Georgetown University where he studied international economics. In his spare time, Matthew loves playing basketball and listening to podcasts. He currently lives in Los Angeles. Matthew is a full-time staff writer for ETHNews.

ETHNews is commited to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Blockchain, Richard Branson or other Ethereum business and finance news.