As China Softens Stance on ICOs, Huobi Exchange Announces $93 Million Blockchain Fund

Huobi, the world’s third largest cryptocurrency exchange, has reportedly teamed with other substantial Asian-based partners to launch a $93 million fund to invest in blockchain start-ups. The new fund will specifically be investing in blockchain start-ups in China and South Korea and is intended to encourage cooperation between blockchain initiatives between the two countries.

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