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Thursday, 7 May 2015

ItBit Nets $25 Million, Launches NYDFS-Approved Bitcoin Exchange

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itBit LogoNew York bitcoin exchange itBit has closed $25m in Series A fundraising.

The round drew support from a pool of new and existing sources including RRE Ventures, Liberty City Ventures and investor Jay W Jordan II. Raptor Capital Management chairman James Pallotta also participated in the round.

ItBit further confirmed the addition of three new members to its board of directors: former Federal Deposit Insurance Corporation chairperson Sheila Bair; former New Jersey Senator Bill Bradley; and former Financial Accounting Standards Board chairman Robert Herz.

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