I nod as I’m listening to Jeff Ownby, who is the VP of marketing for Butterfly Labs in the company’s conference room at their headquarters near Kansas City. In an unexpected marketing move, the Bitcoin mining hardware manufacturer Butterfly Labs anonymously bought the well-known website Buttcoin.org. The domain is famous for its criticism and funny approach on serious cryptocurrency-related matters, but the situation seems to have changed with the recent acquisition. The biggest example is the change in one of Buttcoin.org’s most famous stories ... XRP price is not tied to On-Demand Liquidity - CryptoUpcoming ... Search for: Jeff Ownby and a handful of colleagues had just formed Butterfly Labs with the goal of using off-the-shelf programmable chips, known as FPGAs, to help banks run complex financial risk simulations. "As we were starting down the road planning this, we read about Bitcoin and said 'Wow, this is exactly what we're trying to do here,'" Ownby said. BitPay processes $1 Million bitcoin order for Butterfly Labs This means that, at the current price of $192 per bitcoin, Butterfly Labs received an order for around 5,208 BTC-worth of mining equipment. Jeff Ownby and a handful of colleagues had just formed Butterfly Labs with the goal of using off-the-shelf programmable chips, known as FPGAs, to help banks run complex financial risk simulations. Image from Butterfly Labs Management Portfolio In a strange twist of events the General Manager of Butterfly Labs is claiming that due to personal asset freezes by the court order from the FTC she is now unable to even buy groceries. Butterfly Labs requested the court allow what it calls five key witnesses to give live testimonial to the court.
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