Happy San Francisco Blockchain Week to those celebrating. As one might expect, there have been a ton of funding and product announcements coinciding with the event, with one highlight being the launch of a $100 million crypto fund, Dragonfly Capital Partners. Thousands of miles away, though, the Chinese mining giant Bitmain has plans cooking: The company has been quietly hiring for its new mining facility in Knoxville. More on that below.
In case you missed it, we reported today that the endowments of five large universities—Harvard, MIT, Stanford, Dartmouth and UNC—have invested in cryptocurrency funds, a sign of crypto’s growing acceptance among institutions.