No menu items!
More

    BitMart Announces Investment From Chinese VC Firm Fenbushi Capital

    Must Read

    Over 10% of MoneyGram’s US-Mexico Business Is Crypto able

    An estimate by the World Bank pegged 2016’s global remittance market at $573 billion, and a whopping $422 billion...

    Hopefully We Can Operate With China’s Crypto Says Ethereum Co-Founder.

    Ethereum co-founder and founder of Consensys, Joseph Lubin, said that he hopes China’s Central Bank Digital Currency (CBDC)...

    Chinese Police Hold MicroBT CEO Responsible For Dispute Against Bitmain

    The founder of Bitcoin mining rig manufacturer MicroBT is being held as of Nov. 8 by Shenzhen...
    - Advertisement -

    Digital assets trading platform BitMart has reportedly secured “millions of investment” from Chinese blockchain-focused venture capital firm Fenbushi Capital. BitMart announced the news on Aug. 7.

    To bring transparency to the global economy

    With the investment, BitMart has joined over 50 international blockchain projects Fenbushi has invested in, aiming to achieve more transparency and efficiency in the global economy. Sheldon Xia, founder and CEO of BitMart, said:

    “The strategic collaboration with Fenbushi Capital and Bitrise Capital will undoubtedly help to establish a more open and transparent capital raising ecosystem for both investors and high-quality assets.”

    Following the investment, BitMart’s Global Strategic Advisory Committee will onboard new member Bo Shen,  founder and general partner of Fenbushi Capital. Shen follows a string of new board members like Kevin Shao, the general manager of blockchain branch of mining machines manufacturer Canaan Creative.

    Facilitating BTC payments

    As reported in February, peer-to-peer Bitcoin (BTC) marketplace Paxful announced a joint venture that saw Paxful integrated as a means of facilitating BTC payments on the BitMart platform.

    At the time, Xia, emphasized that the partnership will significantly expand the number of ways by which the exchange’s users can purchase Bitcoin, stating:

    “With this partnership, investors will now have direct access to multiple payment approaches including bank transfers, gift cards, debit/credit cards, and cash deposits, lowering the barriers to entry for new adopters of digital currency investment.”

    - Advertisement -
    - Advertisement -

    Latest News

    11 Years Ago Today Satoshi Nakamoto Published the Bitcoin White Paper

    Today, Oct. 31, marks eleven years since the publication of the Bitcoin white paper by the still-mysterious person or...
    - Advertisement -

    ArBinance is Changing the Crypto Arbitrage Game with the Click of a Button

    ArBinance is a professional arbitrage trading platform that aims to revolutionize cryptocurrency trading by allowing its users to conduct crypto arbitrage through...

    SmartMixer is Making Bitcoin Mixing Easier for a New Generation of Users

    SmartMixer is Making Bitcoin Mixing Easier for a New Generation of Users SmartMixer.io is a new bitcoin mixing service especially geared toward...

    Bitpanda goes global: Announcing the Bitpanda Global Exchange and the IEO for the ecosystem token BEST

    Bitpanda goes global: Announcing the Bitpanda Global Exchange and the IEO for the ecosystem token BEST Vienna-based fintech Bitpanda...

    Bitpanda digitizes physical gold and silver

    Vienna, 13 May 2019 – Vienna-based fintech Bitpanda launches gold and silver trading for its 1 million users. The new...