Bitfury added an investment banker to its firm who is the former SEC member-Report says

Bitfury added an investment banker to its firm who is the former SEC member-Report says

Blockchain News
November 28, 2018 by XNews Editor 1
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Bitfury- a blockchain technology firm has added an investment banker who is the former SEC member to its board of directors.
Bitfury added an investment banker to its firm who is the former SEC member-Report says

As per the official company blog post November 21, Bitfury– a blockchain technology firm has added an investment banker who is the former SEC (U.S Securities and Exchange Commission) member to its board of directors.

Bitfury was established 2011 and is considered as the largest non-Chinese firm that creates Bitcoin blockchain software and offers infrastructure for Bitcoin mining.

Antoine Dresch- the freshly-appointed voting member to the Bitfury board of directors is the co-founder of the private equity fund Koreyla Capital. Reportedly, Dresch has nearly 20 years of experience in the field of investment banking with UBS London and Morgan Stanley, as per the Bloomberg executive profile.

At Morgan Stanley, Dresch used to monitor major merger and acquisition (M&A) and Initial Public Offering (IPO) transactions in Europe. Later on, he found Dresch Digital Media Advisory (DDMA) in the year 2011 to advice the internet investors and European media.

In 2016, he was the partner and co-founder of the Paris-based Korelya Capital which is a $228.1 million fund.

The new advisory board appointee in Bitfury –Annette Nazareth will offer guidance on the regulatory matters in the financial markets. Being a former SEC commissioner, she worked on numerous regulatory initiatives which consist of the implementation of equities decimal pricing, execution quality disclosure rules, corporate debt transparency rules, and modernization of the national market system.

In addition to this, she is the head of Trading and Markets at the office of international firm Davis Pork & Wardwell.

Earlier in the month of October, it was revealed that Bitfury is intending to consider its own IPO as the firm is testing a variety of options including increasing the debt financing or trading the minority stake.

Earlier in September, Bitfury introduced a Bitcoin mining hardware based on the ASIC chip-Bitflury Clarke just before Bitmain introduced its own new ASIC.


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