Bitcoin Startup Joins Baidu-Backed FinTech Accelerator
Hong Kong-based bitcoin exchange Gatecoin has joined a startup accelerator backed by Standard Chartered and Chinese Web services giant Baidu. The SuperCharger Accelerator draws support from a number of regional and global firms, including Microsoft, the Hong Kong Stock Exchange, Ernst & Young and Fidelity. The program was cofounded by the TusPark Global Network, a co-working space operator. The program, which opened for applications in the fall, began on 11th January and will run over three months, concluding with a demonstration day in April. Gatecoin is receiving a $25,000 investment in....
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The Chinese search engine Baidu could be moving towards resuming a strategy that will sooner or later lead it to start accepting Bitcoins - again. The company is continuing with its growing interest in FinTech in a cross-connection manner between the Asian giant and the leading global market in the US by investing in a second U.S. fintech company in a month. Baidu recently invested in a US blockchain company, Circle Internet Financial Inc., after the Bitcoin startup announced it had raised $60 million in funding from a consortium which was led by IDG, an American based media, data and....