As Bitcoin price jumps, Cryptocurrency exchange Coindcx raises Rs 100 cr in funding
Bitcoin price has been on an upward march in recent weeks, although it fell yesterday during the market crash, and in lien with this, Coindcx, a cryptocurrency exchange made a big announcement on Tuesday. Coindcx announced a Rs 100 crore or USD 13.9 million fund infusion in a funding round led by Block.One
The Supreme Court had in early March allowed trade in cryptocurrency, quashing curbs imposed by the Reserve Bank after a strong rally in the unregulated cryptocurrencies like Bitcoins on exchanges. Source:Reuters