Huge (Really Huge) Chinese Manufacturer Invests Millions In Cryptocurrency Bank

via Forex Live 

Taiwanese electronics giant Foxconn will invest USD 18 million in a cryptocurrency merchant bank
  • private placement of Bradmer Pharmaceuticals Inc.
  • This is a Canadian shell company that will own the crypto bank
  • being set up by a former Goldman Sachs partner, Mike Novogratz
Bradmer announced last month that it planned to raise $200 million through private placement to set up a digital assets merchant bank which will
  • trade cryptocurrency
  •  make principal investments
  • manage digital assets for other clients
  • provide advice on blockchain-related ventures
ps. While you’re here, bitcoin update: