BitX Bitcoin Platform Welcomes Increased Regulation After Capital Injection
Bitcoin platform BitX recently received additional funding of $4 million and declared that it would be open to increased regulation in exchange. According to Werner van Rooyen, BitX business development officer, this could potentially enhance the reliability of its services as well as the reputation of bitcoin. The cryptocurrency has still been mired in a lot of controversy, following its prevalent use in criminal underground dealings in the now-defunct Silk Road and its involvement in online ransomware attacks. After all, the bitcoin network is decentralized, with no monetary authority or....
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BitX, a Singapore-based, global cryptocurrency platform, has raised an undisclosed sum of funding from Venturra Capital, a Jakarta-based venture fund. Venturra joins an investor group that includes Barry Silbert's Digital Currency Group and The Naspers Group, a South Africa-based global platform operator and investor. BitX raised $4 million USD in July in its series A round, according to techinasia.com. Naspers Group and the Digital Currency Group led the round. Bitcoin Wallet And Payment Solutions. BitX provides mobile wallets, institutional quality exchanges and APIs for business....
Bitcoin exchange and wallet provider BitX has extended its Series A round to include undisclosed funding from Southeast Asia-focused VC firm Venturra Capital. According to BitX, the funding will be invested in recruitment and product development, as well as expanding the service beyond its current target consumers in markets including Indonesia, Malaysia, Nigeria and South Africa. BitX declined to release the size of the funding, but stated that the capital was secondary to bringing Venturra Capital on as an investor. "With our lean structure and very low cost base, the funds we have....
BitX is delighted to report their $4M Series A funding round led by the Naspers Group, through PayU (Naspers Group's payment subsidiary). Also in participation at the round, was their long term investor, Barry Silbert's Digital Currency Group. Major growths and engagements have been experienced across the markets BitX operate in over the past 12 months, and as a result, their platform is now available to more than half a billion consumers - cut across strategic markets in Africa and Southeast Asia. As a result, BitX now has the biggest market footprint of any cryptocurrency company in the....
Emerging market-focused bitcoin services firm BitX has completed a SGD$1m ($824,000) seed funding round. Investors include London-based Ariadne Capital, Barry Silbert's New York-based Bitcoin Opportunity Corp (BOC) and Palo Alto-based financial innovation investor, Carol Realini. BitX CEO Marcus Swanepoel told CoinDesk the funding would help the Singapore-based firm accelerate its business, furthering international expansion of its wallet and exchange services, assist with merchant acquisition and help the company develop some new products it has in the pipeline. Silbert praised the BitX....
There are two things happening right now; the first one is the booming bitcoin market in Asia. A recent bitcoin exchange (known as Palarin) made its way to the Philippines not too long ago with the goal of offering migrant workers a way to send remittances home to their families. The second thing is BitX, a bitcoin enterprise that is focusing primarily on emerging markets. BitX has recently opened an office in Jakarta, the capital of Indonesia, thus bringing its services to a population consisting of approximately 252 million people. Adam Draper, son of venture capitalist Tim Draper feels....