Published On: Wed, May 16th, 2018

Bitmain Leads Circle’s $100 Million Round; Teams Up to Create Stable Coin

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Bitmain, the largest of the Bitcoin mining operations, is putting its muscle behind mobile payments and cryptocurrency trading firm Circle by leading a $110 million Series E round of funding, the companies announced on Tuesday, March 15, 2018, at Consensus in New York City.Several other venture capital firms, including Breyer Capital, General Catalyst and Accel, joined the round, which now pushes the value of Boston-based Circle to $3 billion, from a reported $480 million in 2016, according to a statement by Circle.  Bitmain is also joining forces with Circle to create a so-called “stablecoin,” a cryptocurrency that is pegged to a stable …

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