Ciphrex Bolsters Advisory Board

San Diego-based cryptocurrency startup Ciphrex has added a new member to its board of advisors, the company said yesterday. Ciphrex said it has added Eliezer Lombrozo, formerly a systems design engineer at IBM, to its Board of Advisors. The company said Lombrozo has been involved in such areas as designing automated manufacturing plants and product distribution centers in the consumer electronics space. Ciphrex develops bitcoin wallet software, and is backed by $500K in funding it received in January.