Japanese Bitcoin platform receives 500 million yen venture capital

Bitcoin prices came under pressure again in the Asian session on Friday (August 14), continuing yesterday's weak performance.

The quotes released by BITSTAMP show that Bitcoin/US dollar (XBT/USD) fell from 270 to below 263 yesterday. Although it rebounded to 266, it fell again to 263 during this trading day.

The quotes released by KRAKEN show that XBT/EUR (1.1155, 0.0003, 0.03%) fell from around 243 to 238 yesterday, and then rebounded to above 240, but fell again on this trading day, setting a new low at around 237.

In the industry, Japanese Bitcoin platform BitFlyer recently announced that it received 510 million yen (124.374, -0.018, -0.01%) of venture capital (about 25 million yuan (6.4003, 0.0014, 0.02%)). The venture capital came from a joint investment by Mitsubishi UFJ, Sumitomo Mitsui, and Dentsu.

Bitflyer was founded by Kano, a former Goldman Sachs employee, in 2014 and started operations in April last year. Bitflyer aims to capture the huge market left by the bankruptcy of Mt. Gox.

Mt.gox was the world's largest Bitcoin exchange in 2011/13, but later went bankrupt due to a hacker attack (or its CEO's intentional misconduct).

At 12:21 Beijing time on August 14, Bitcoin/USD was at 262.50, and Bitcoin/Euro (1.1155, 0.0003, 0.03%) was at 240.99.