“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
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