Exclusive: Husky hires Goldman Sachs for $4 billion sale – sources

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(Reuters) – Husky Injection Molding Systems Ltd, a Canadian supplier of injection molding equipment to the global plastics industry, has hired investment bank Goldman Sachs Group Inc to explore a sale that it hopes could value it at close to $4 billion, including debt, according to people familiar with the matter.

from Reuters: Business News http://ift.tt/2utckkj http://www.reuters.com

Bitcoin Cash Gains More Support

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Bitcoin Cash Gains More Support

It’s been a crazy ten days for bitcoin enthusiasts as the network had its first high profile hard fork that split the network into two. During the first week, the Bitcoin Cash blockchain has pushed forward, and the currency’s market is thriving. Now two cryptocurrency payment processors, the Living Room of Satoshi, and Rocketr have announced supporting BCH on their platforms.

Also read: Gold Bug Peter Schiff Says ‘Cryptocurrency Market Signals Are Wrong’

Bitcoin Cash Network and Market Thrives

Bitcoin Cash Gains More Support
Bitcoin cash is ten days old.

The Bitcoin Cash (BCH) blockchain is moving along processing blocks and is currently thriving as a network. So far there’s been 408 blocks found on the BCH chain, and the currency has been trading heavily on exchanges. At the moment, bitcoin cash is trading at $300 per BCH and has the fourth largest cryptocurrency market cap. There are a lot of exchanges and cryptocurrency wallet providers that have decided to support the BCH network so far. Moreover, other types of operations like the marketplace Purse has also announced BCH distribution for customer funds held on the platform.

More Cryptocurrency Based Platforms Start Supporting Bitcoin Cash
Bitcoin marketplace Purse.io will distribute bitcoin cash to customers who held funds on the platform pre-fork.

Digital Product Marketplace Rocketr Customers Can Now Use Bitcoin Cash at the Webstore

Bitcoin Cash Gains More SupportThis week the digital products marketplace Rocketr has announced customers can utilize BCH on the webstore. Rocketr is a e-commerce platform for selling and delivering digital goods like files, programs, activation codes, software, and other services. The startup was founded in 2016 by Rob Danielson and accepts Paypal, bitcoin, ethereum, Stripe (credit cards), and now bitcoin cash. The company announced adding the currency on August 9 on Twitter stating;

We’ve just enabled bitcoin cash as a payment option. Accept it in your webstore today.

Bill Pay Platform Living Room of Satoshi Accepts Bitcoin Cash  

Another cryptocurrency startup called the Living Room of Satoshi has also revealed users can utilize BCH on the bill paying platform. The company founded in 2014 is a payment processor that allows Australian residents to pay electricity, rego, phone, and credit card bills. The Living Room of Satoshi announced supporting the currency on August 7. Since then people have slowly started using BCH to pay their bills with the Australian startup’s platform.

You can now use your bitcoin cash to pay your bills or cash out to a bank account at Living Room of Satoshi!  

More Cryptocurrency Based Platforms Start Supporting Bitcoin Cash

So far it’s been a pretty decent week for bitcoin cash considering all the obstacles and its slow start. Further, news.Bitcoin.com reported that Overstock.com customers can utilize BCH at that marketplace thanks to Shapeshift integration. The cryptocurrency still has a long way to go for a nascent network that’s only a week old but despite all the naysayers, its seems BCH is here to stay.

What do you think about the businesses that have announced bitcoin cash support? Let us know what you think in the comments below.


Images via Shutterstock, Rocketr, Living Room of Satoshi, and Bitcoin.com.


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Coinbase Raises $100M to “Help Accelerate Digital Currency Adoption”

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Coinbase Raises $100M to Help Accelerate Digital Currency Adoption

On August 10 the San Francisco-based company Coinbase announced it has raised US$100M in a Series D funding round. The company says the large capital injection will be used to help “create an open financial system for the world.”

Also read: Breadwallet’s Bitcoin Cash Tool Arrives Next Week — Full Client Coming Soon

This week the bitcoin exchange and brokerage service, Coinbase, announced a successful Series D funding round raising $100M. The firm says it has experienced “unprecedented growth” this year and has exchanged over “$25 billion USD worth of digital currency.” Coinbase explains that it will use the new capital to further scale the company’s resources and services. The company outlines its plans with the money stating;

We will Increase the size of our engineering and customer support teams to improve the customer experience. Open a GDAX office in New York City, further investing in our ability to serve institutions and professional traders. And invest in Toshi, to help accelerate digital currency’s shift from speculative investment to global payment network.

The Series D funding round was led by venture capital firms such as IVP, Spark Capital, Greylock Partners, Battery Ventures, Section 32 and Draper Associates. Coinbase says they are “fortunate” to be working with IVP who has invested in successful companies like Snap, Netflix, Twitter, Dropbox, and Slack. Toshi is a browser for the Ethereum network that aims to provide universal access to financial services. Coinbase says they are excited about the digital currency economy and the firm is entering into the next phase of their “secret master plan.”

Digital currencies are having their “Netscape” moment. The pace of innovation has been accelerating and we are now seeing exciting projects and companies being built on top of digital currencies.

Coinbase has done well since its inception in 2012 raising a total of $217M in funding rounds from over 29 investors. The company has also been very popular with over 30M wallets used by close to 10M customers in 2017.


Images via Shutterstock, and the Coinbase website. 


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. 

The post Coinbase Raises $100M to “Help Accelerate Digital Currency Adoption” appeared first on Bitcoin News.

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