BTC China Raised $5 Million in VC Funding as Bitcoin Crosses $600
- The largest Bitcoin exchange in the world, offering clients only Chinese Yuan to Bitcoin trades, BTC China, secured $5 Million in a series A funding. The Bitcoin exchange rate set a new all time high record.
BTC China, the largest Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchange in the world, announced today that it has successfully raised a first round of VC funding to the sum of $5 million from LightSpeed China Partners and LightSpeed Venture Partners.
Meanwhile, the exchange rate for Bitcoin continues to set new all-time record highs, and is currently trading at over $600, or we should actually say the rate is over RMB3,000.
As Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates recently reported, BTC China is now the largest Bitcoin exchange in the world, after surpassing MtGox's market volume, and is based on offering its clients trades solely in Chinese Yuan to Bitcoin exchanges demonstrating the strong effect Chinese investors have on the price of the digital currency.
According to the Chinese portal TechNode, Ron Cao, chairman of LightSpeed China Partners, said that they invested in the company because they are bullish on the potential of the Bitcoin market and the excellent team of BTC China. The investment will be used to improve platform security as well as related products and services, according to Bobby Lee, founder of the company, who was also quoted by TechNode.
In addition to VC funds, scammers have also noticed the demand for Bitcoin in China's growing trend it seems, and as Forex Magnates reported, a fake Bitcoin exchange targeting mainland Chinese investors from Hong Kong, recently shut down and allegedly took $4.1 million of client funds with it.
BTC China, the largest Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchange in the world, announced today that it has successfully raised a first round of VC funding to the sum of $5 million from LightSpeed China Partners and LightSpeed Venture Partners.
Meanwhile, the exchange rate for Bitcoin continues to set new all-time record highs, and is currently trading at over $600, or we should actually say the rate is over RMB3,000.
As Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates recently reported, BTC China is now the largest Bitcoin exchange in the world, after surpassing MtGox's market volume, and is based on offering its clients trades solely in Chinese Yuan to Bitcoin exchanges demonstrating the strong effect Chinese investors have on the price of the digital currency.
According to the Chinese portal TechNode, Ron Cao, chairman of LightSpeed China Partners, said that they invested in the company because they are bullish on the potential of the Bitcoin market and the excellent team of BTC China. The investment will be used to improve platform security as well as related products and services, according to Bobby Lee, founder of the company, who was also quoted by TechNode.
In addition to VC funds, scammers have also noticed the demand for Bitcoin in China's growing trend it seems, and as Forex Magnates reported, a fake Bitcoin exchange targeting mainland Chinese investors from Hong Kong, recently shut down and allegedly took $4.1 million of client funds with it.