
“Despite China’s recent crackdown, Bitcoin has been given a new lease of life in the world’s second largest economy. The company that claims to be China’s largest Bitcoin exchange by volume has announced a $10m Series A funding round. Venture Capital firm Ceyuan led the way and was followed by Mandra Capital, Ventures Lab and a string of other Angel investors. This amounts to one of the largest cases of Bitcoin financing so far. The investment in the exchange will be used to expand the team, increase security and product research.”
http://www.cityam.com/blog/1395060855/bitcoin-bugs-invest-10m-chinas-largest-exchange
Related posts:
The best and worst states for taxpayers
Russia arrests 10 people for commemorating ‘Prague Spring’
Liechtenstein for hire at $70,000 a night [2011]
Scotland votes to remain part of United Kingdom
31 Orlando cops sued for doing nothing while nightclub patrons were massacred
Egypt’s ElBaradei: liberal with ‘troubled conscience’
ICE abducts 146 workers in raid on Ohio meat facility
AT&T paid for access to 4 billion call records a day for federal, local drug investigations
5,000 Chinese factory workers strike over Indian takeover of American firm
French president promises to keep ban on Monsanto GMO corn despite court ruling
North Carolina law prohibits police from destroying guns after buyback
Trump’s CIA Director Wants to Return to a Pre-Snowden World
Czech artist gives president 33-foot-high one-finger salute
Federal Reserve confirms its computers were hacked
Sydney Property Agency Accepts Bitcoin Payments to Woo Chinese