Posts

Fireblocks- Crypto Security now Valued $2 Billion!

avatar of @mawit07
25
@mawit07
·
·
0 views
·
2 min read

In its latest round D of fund raising Fireblocks have reached $310 million making them worth close to $2 billion in evaluation. This is a firm that focuses on protecting crypto assets for institutions from hackers and thiefs. The company does not even own or create any cryptocurrency. Amazing!

The demand for securing crypto assets will only increase as the value of the assets appreciate. It makes sense that the price of securing these assets rises in tandem with crypto prices.

Currently about 500 institutions are using Fireblock's services which went up three folds since last year. Where 70 out of the 500 institutions are banks. It is not disclosed who all the banks are that uses Fireblock but I would gather many of the biggest institutions in the world has some sort of Fireblock service/s.

With the recent volatility in crypto prices it is interesting to see that there are still big investments into crypto projects such as Fireblock. This example makes me believe that crypto is still in high demand even if the coins themselves have drop in price. I am here for the long haul and believe a bullish crypto wave is still coming and that BTC and altcoins will again hit all time highs.

Source Article

None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!

Coindesk Source Article

LeoFinance = Financial Blog LeoDex = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws. HiveStats = Hive stats per user LeoPedia = Informative content related to anything about Crypto and how to make financial gains in crypto! CubDefi = LEO Finance's Defi with CUB Token

Posted Using LeoFinance Beta