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Montreal-based bitcoin-focused startup, BlockStream, secured $55m in Series A funding led by Horizons Ventures. This is the latest in a string of deals that underscore the resilient appetite for bitcoin investments amid the anxiety in capital markets world-wide. So far, 2016 is showing signs of bitcoin investments picking up. Maybe bitcoin isn't so dead after all?
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Blockstream, which didn’t disclose its valuation, plans to use the new funds to help expand its business. “Throughout our business and the world there is a huge opportunity right now to start changing some of the basic plumbing of traditional finance,” said Chief Executive Austin Hill.
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