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SAN FRANCISCO & AMSTERDAM–(BUSINESS WIRE)–

BitFury Group, the leading Bitcoin Blockchain infrastructure provider and transaction processing company has added Jason Weinstein, a former deputy assistant attorney general in the Criminal Division of the US Department of Justice (DOJ) and a former federal prosecutor to its strategic advisory board. Mr. Weinstein is a partner with a well-respected Washington DC law firm.

During his tenure in the Criminal Division, Weinstein supervised the Computer Crime and Intellectual Property Section, the Organized Crime and Gang Section, and the Human Rights and Special Prosecutions Section. He oversaw the most significant cybercrime, data breach, intellectual property theft, and transnational organized crime investigations in the country. In addition, he regularly briefed government officials and members of Congress on cybercrime and intellectual property issues and testified before Senate and House committees on cybercrime, cybersecurity, privacy and data protection, as well as intellectual property enforcement. Weinstein also helped lead efforts at the DOJ to draft cybersecurity and data privacy legislation.

“We are excited to add Jason Weinstein to our advisory board,” said Valery Vavilov, CEO of BitFury. “Mr. Weinstein’s extensive expertise in cybercrime is invaluable. Bitcoin Blockchain offers protection against some of the security attacks, such as unauthorized spending, double spending, forging bitcoins, and tampering with the Blockchain, for example. Mr. Weinstein’s expertise will allow us to address other security issues. With Mr. Weinstein’s addition, we now have a presence in Washington DC so we can become even more engaged with regulators and law enforcement agencies in regards to dialogue on Blockchain and Bitcoin. We are also exploring opening an office in Washington DC to be led by a full-time government relations professional.”

“BitFury leads the industry with its custom design chip and data center technology,” said Jason Weinstein. “The company also leads various initiatives from pushing Bitcoin adoption to ensuring the security of the Bitcoin network. I am excited about the opportunity to bring my knowledge and expertise to the benefit of the company that is committed to securing the Blockchain.”

Other members of the BitFury advisory board include Young Sohn, Samsung Electronics president and chief strategy officer; Dr. Jackson Hu, a former chairman and CEO of UMC, the world’s second largest semiconductor foundry; and Jonathan Teo, the founder and partner of Binary Capital focusing on early stage consumer technology.

ABOUT BITFURY GROUP: BitFury Group is the leading Bitcoin Blockchain infrastructure provider and transaction processing company. Founded in 2011, BitFury has management offices in San Francisco and Amsterdam, as well as data-centers in Iceland and the Republic of Georgia. BitFury derives sustainable advantage through its custom-made application-specific integrated circuits (ASICs) optimized to achieve the lowest power consumption coupled with the highest processing metrics – the parameters that drive mining margins. BitFury has an impressive track record, having successfully delivered three prior generations of silicon and has a roadmap to at least double performance-per-watt every 6-12 months. BitFury’s management team and board of directors and advisors include seasoned industry veterans with a history of successful execution in silicon engineering, operational build-up and capitalizing businesses.

Source from: http://finance.yahoo.com/news/bitfury-enhances-advisory-board-former-234100089.html

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