Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today,Bitmain is rumored to close its latest funding round at a US$12 billion valuation. Huobi eyes expansion into Australian.
Bitmain is reported to have closed a Series B round of funding to raise an estimated US$300-400 million in equity. Notable names included Sequoia Capital China and EDBI. Thisround of funding would bring the companys valuation to US$12 billion.
The Chinese exchange will open operations in Australia, beginning with ten pairs crossed against the AUD. The company is funding its development with its US$200 million Global Ecosystem Fund.
The SIX, the operator of the Swiss stock exchange, announced the intention to build the infrastructure necessary for a fully integrated digital asset exchange. Thiswouldincludefunctions for trading, settlement and, custody.
The Australian government announced a US740 million agreement to take onIBM as its technology partner. The deal covers services including automation and blockchain implementations. The contract spans five years and will support a wide range of federal departments.
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