Japanese Bitcoin Exchange BitFlyer Raises Over $230,000
Here's some news of yet another investment in the cryptocurrency space. Bloomberg reports that Japanese bitcoin exchange BitFlyer has raised approximately 25 million yen (or about $236,000 USD) from Barry Silbert's Bitcoin Opportunity Corp. The exchange, which launched earlier this year, will use the funds to expand overseas. http://www.youtube.com/watch?v=9FZn5XwQKLY. Interestingly enough, the exchange hasn't quite decided where they're planning to plant their flag, though Singapore is likely to be a place of interest, according to Yuzo Kana, BitFlyer CEO and former Goldman Sachs trader.....
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Leading Japanese bitcoin exchange bitFlyer has revealed the successful completion of a ¥3 billion ($27 million) funding round, the largest funding round ever by a bitcoin and Fintech company in Japan. In a funding round led by Japanese investor SBI Investment and Tokyo-based venture capital firm Venture Labo Investment, prominent Japanese digital currency exchange operator bitFlyer has raised around 3 billion yen ($27 million) in new capital. Shares were issued this week via a third-party to investors including the funds overseen by Venture Labo Investment and SBI Investment. The....
Japanese bitcoin exchange bitFlyer has opened access to the BTC/Japanese yen trading pair for U.S. users, improving Japanese market access.
bitFlyer, a Japanese Bitcoin exchange, announced today that they obtained $236,000 through fundraising from the Bitcoin Opportunity Corp, an investment vehicle. That is the first investment in a company based in Japan for the Group. This investment will be the first convertible bond issue by bitFlyer. According to Investopedia, a convertible bond "can be converted into a predetermined amount of the company's equity at certain times during its life, usually at the discretion of the bondholder". Bitcoin Opportunity Corp. The Bitcoin Opportunity Corp (BOC) has invested in over 30 Bitcoin....
Japanese exchange Bitflyer has announced a 50 million Yen investment into a new fund which will see Osaka-based IoT startup Sivira as the first company to benefit from the fund. According to the exchange, this is in an effort to support and encourage the growth of blockchain businesses in Japan. Bitflyer has termed this new investment activity, “Block Chain Angel Fund.” Even though this is Bitflyer’s first investment of this type, it sounds as though it will not be their last. In its press release, Bitflyer states that it chose to make the investment in Sivira because of the track record....
Not too long ago, the once largest bitcoin exchange in the world, Mt. Gox, suffered hacking attacks that led to the loss of several bitcoin and client funds. Its CEO, Mark Karpeles, is still under investigation for allegedly tweaking the accounts to funnel money to his own pocket. With that, the Japanese bitcoin exchange industry has been riddled with negative vibes, until bitFlyer came along. bitFlyer was launched by Yuzo Kano, a derivatives and convertible bonds trader at Goldman Sachs Group Inc., to recapture the market lost to Mt. Gox and hopefully restore confidence in the....