Adam Back
Crypto Stories: Dr. Adam Back shares his life of hacks
It’s been a life of hacks for Dr. Adam Back, the CEO and co-founder of Blockstream. One of the few people quoted on the Bitcoin Whitepaper, hacking highlights of Back’s life are brought to life in the latest animated Crypto Story from Cointelegraph’s video team. [embedded content] Over a game of Jenga in a park, Back told Cointelegraph that he’s always had a “kind of security mindset.” From his days as a student, he tinkered with door codes, pin pads and locks, testing out code and gaining access to places he “wasn’t supposed to have access to.” Back talks through the creation of Hash Cash, one of the early attempts at digital money. He uses the “Birthday collision” as an allegory for hash functions, demonstrating his aptitude to breaking down complex functions into intelligible lang...
Blockstream raising funds for mining at 70% lower company valuation
The depths of a bear market may not be the best time to raise funds but that is exactly what Blockstream is doing. The crypto infrastructure firm is seeking fresh funding, but at a much lower valuation than previous rounds, according to a Dec. 7 Bloomberg report. Blockstream was valued at $3.2 billion when it held its last Series B funding round raising $210 million in August 2021. Today that valuation may have fallen almost 70% to below $1 billion according to the report. The company, founded in 2014, has raised a total of $299 million in funding over four rounds, according to CrunchBase. Blockstream CEO and cryptographer Adam Back did not share details of the latest funding round but did reveal that the capital will be invested into expanding the firm’s mining capacity. “We rapidly sold ...
