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Industries
Crypto & Web3
Company Size
51-200
Company Stage
Series B
Total Funding
$52.7M
Headquarters
Columbus, Ohio
Founded
2019
River Financial provides a digital platform for investing in Bitcoin, focusing on security and user experience. Users can buy Bitcoin without fees on recurring orders, which helps manage the price fluctuations of the cryptocurrency. The platform ensures that all assets are held in full reserve custody, meaning that the Bitcoin purchased is fully owned by the user and not lent out. River Financial also utilizes the Lightning Network for instant global transactions, allowing users to buy Bitcoin quickly and efficiently. Additionally, users can set Target Price Orders to automatically purchase Bitcoin at lower prices. The company is licensed and regulated in the US, employing multisig cold storage for enhanced security, which keeps clients' Bitcoin offline and requires multiple approvals for transactions. River Financial also offers weekly newsletters with market insights to keep users informed about cryptocurrency trends.
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Total Funding
$52.7M
Meets
Industry Average
Funded Over
3 Rounds
Industry standards
Chinese officials are arguing for cryptocurrency regulations to deal with seized assets. Despite a trading ban, Chinese local governments have reportedly been selling seized crypto assets through private companies. While mainland China continues to uphold its cryptocurrency ban, Hong Kong is pushing to become a cryptocurrency hub. Once the leading cryptocurrency trading and mining hub, China has long ceded its dominance to the U.S. following a series of suppressive regulatory measures, including a blanket ban in 2021. Now, nearly four years later, the Asian economic giant may be considering a potential softening of its treatment of cryptocurrencies, but not for the reasons many would have anticipated
River Financial has launched a new feature called "Bitcoin Interest on Cash," allowing users to earn interest on cash deposits with payouts in either USD or Bitcoin (BTC).
River secures $800M in Bitcoin, unveils Proof of Reserves system.
Emails purportedly from the pseudonymous Bitcoin developer, Satoshi Nakamoto, emerged on Friday, courtesy of Martii Malmi, an early contributor to the flagship digital asset. The correspondence adds further depth to Bitcoin’s lore, shedding light on its humble beginnings and Nakamoto’s decision-making process. These emails surfaced during a legal battle in London involving the Australian scientist Craig Wright, who asserts himself to be Nakamoto. Why Bitcoin Supply Is Capped at 21 Million
Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. Alephium is a Layer 1 blockchain, live since November 2021, which avoids common industry compromises, offering simultaneously scalability expressivity, strong security robust decentralization. It differentiates itself with a strong tech proposition: from its unique sharding algorithm called Blockflow, its energy efficiency thanks to Proof-of-Less-Work, its unique Stateful UTXO model more that will be detailed below!
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Industries
Crypto & Web3
Company Size
51-200
Company Stage
Series B
Total Funding
$52.7M
Headquarters
Columbus, Ohio
Founded
2019
Find jobs on Simplify and start your career today
Discover companies similar to River Financial