• Days
  • Hours
  • Mins
  • Secs
  • Sat, 19 Oct 2019, 03:31 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Blockchain Capital welcomes BitGo founder and Facebook executive as new venture partner

Image obtained from Bitrates.com

Wed, 29 May 2019, 05:29 am UTC

Venture capital firm Blockchain Capital onboarded Facebook veteran and crypto entrepreneur Ben Davenport as its venture partner, CoinDesk reported.

The executive has a solid background in technology and cryptocurrency. His first company, messaging service Beluga, was acquired by Facebook in 2011 and later launched as Facebook Messenger. He then worked for the social networking site for 3 years before jumping into the crypto space as a co-founder of crypto custody firm BitGo.

Last year, Davenport left his post as BitGo’s CTO and became the firm’s advisor. According to AngelList, he is also invested in crypto startups such as Lighting Labs, Xapo, Boost Bitcoin Fund, Ledger X, and Haven.

Focusing on the investment side allows me to spend more time focused on the industry as a whole, and how it’s evolving, as opposed to being focused on the perspective of a single business,” the two-time founder told CoinDesk.

Davenport will reportedly work with the research and investments department to scout opportunities, assist, and deploy capital and support companies in the Blockchain Capital portfolio, firm partner Spencer Bogart told The Block as cited in Yahoo!

Meanwhile, Facebook has recently hired two compliance managers from crypto exchange Coinbase. Mikheil Moucharrafie and Jeff Cartwright joined the social networking team as compliance officer and policy/compliance manager, respectively.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,047.02 (+1.16%)
  • Ethereum (ETH) $174.70 (+0.94%)
  • XRP (XRP) $0.295100 (+1.56%)
  • Bitcoin Cash (BCH) $215.35 (+0.88%)
  • Litecoin (LTC) $54.06 (+1.09%)
  • Bitcoin (BTC) $8,047.02 (+1.16%)
Oct 18, 2019 (Friday)
12:51
Telegram’s claim “Grams will not be security once TON Blockchain launches” is insufficient, argues SEC
11:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:51
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:23
US Senator comes out in support of Facebook’s crypto, finds hostility towards Libra “puzzling”
10:38
Crypto Technicals: BCH/USD tests trendline support (209), dip till 78.6% Fib (168.35) likely
10:13
IBM, Raw Seafoods partner to digitize scallops supply chain using blockchain
08:48
India’s Reliance Industries reveals blockchain plans for Bill of Lading and Letter of Credit transactions
07:48
Crypto Technicals: Ripple (XRP) erases most of previous session's gains, retrace below cloud dents further upside
07:22
Crypto exchange Upbit operator Dunamu to launch OTC trading platform for unlisted securities
06:52
Crypto Technicals: ETH/USD fails to extend recovery, resumes weakness, 167.50 (Oct 6 low) in sight
06:22
Stablecoin initiatives highlight shortcomings in cross-border payments: G7 Working Group
06:11
Crypto Technicals: LTC/USD extends choppy trade below 21-EMA, bias bearish
05:02
Crypto Technicals: BTC/USD confined to narrow range, bias bearish below 5-DMA (8132)
04:48
Telegram calls SEC’s emergency injunction “unreasonable”, argues gram tokens are not securities
Oct 17, 2019 (Thursday)
13:38
Bermuda to develop blockchain-based national ID system with Shyft and Perseid Network
12:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:48
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:59
Samsung SDS partners with Tech Mahindra and Pega to launch blockchain-based traceability solution
11:13
Telegram proposes to postpone TON blockchain project launch to April 2020, seeks investors’ consent
10:41
Crypto Technicals: TRON (TRX) resumes weakness, break below 20-DMA could see fresh multi-month lows
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft