• Bitcoin bull run fuels Chinese crypto
    Cryptocurrencies,  Technology

    Bitcoin bull run fuels crypto investments across China: Report

    China’s investors are so eager to pour capital into projects that a local VC investor said ‘every good-quality funding is oversubscribed within a week’

    Chinese cryptocurrency mining hardware producer Ebang conducted two fundraising rounds in February alone, raking in $170 million, even after a previous offering in November, which followed its Nasdaq listing in June. “Ebang’s growth story is very attractive to institutional investors,” said Guo Yi, COO of Univest Securities. "Fundraising by all industry players is getting busier thanks to the Bitcoin bull.”