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Crypto news in brief (November 6, 2018): Stellar, Michael Novogratz, Bitmain, Bitfury

November 6, 2018 By Crypto Reporter

– Blockchain.com has launched support for cryptocurrency Stellar (XLM)
– Michael Novogratz believes bitcoin will hit $20,000 next year
– Bitmain has announced next generation 7nm ASIC miners Antminer S15 and Antminer T15
– Bitfury has closed an $80 million funding round

Cryptocurrency wallet provider Blockchain.com has launched support for cryptocurrency Stellar (XLM), accompanied by an airdrop of $125 million worth of XLM to its user base.

Stellar is currently the sixth largest cryptocurrency with a market cap of around $5 billion.

***

Michael Novogratz, founder and CEO of Galaxy Digital, believes bitcoin will hit $20,000 next year, as institutions and custodians take more interest in the cryptocurrency sector.

***

The crypto hardware manufacturing giant Bitmain has announced that it will release its next generation 7nm ASIC miners Antminer S15 and Antminer T15 this week. The official tweet says that these miners “possess industry-leading hash rates designed to mine with the SHA256 algorithm”.

***

Cryptocurrency mining technology firm Bitfury has closed an $80 million funding round. Earlier funding rounds raised more than $100 million for Bitfury.

Bloomberg, citing people familiar with the matter, reported last month that the company is considering an initial public offering in Amsterdam, Hong Kong or London. If it conducts the IPO in the next two years, Bitfury will seek a valuation of $3 billion to $5 billion.

Filed Under: General News, News Tagged With: Bitfury, Bitmain, cryptocurrency, Mike Novogratz, news, news in brief, Stellar

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