Crypto coins are one of the hottest new developments in China, and it’s not hard to see why.
With China’s rapid economic development and growing middle class, the country has come to rely on the services of China’s biggest technology companies for its economy.
But as the Chinese government seeks to clamp down on cryptocurrency trading, one bitcoin has become a big business for the country’s biggest online gambling site, BTCC.
As a result, the company has had to raise money to pay for security upgrades and upgrades to its platform.
Now, BTCTC is hoping to increase its revenue in the next few months by raising a Series A round led by Andreessen Horowitz.
But that may not be enough for the company to cover its security upgrades, and the funds raised in the Series A may not even be enough to pay the bills.
The startup says it has raised a Series B round from investors including Chinese e-commerce giant JD.com, which has been working with BTCTCs security upgrades to help the company out.
But the startup is still struggling to find funds to keep its platform up and running.
According to BTCTc, it has secured funding from private investors, including Andreessen and Alibaba Group Holding Ltd.
The company hopes to raise $50 million in a new round of funding, and plans to hire about 15 people to work on the platform.
The CEO of BTCTCo, Xu Xin, said he hopes to open up BTCT in the first quarter of 2019, and hopes to be profitable in 2020.
The security upgrades BTCT has installed have been a huge hit for the platform, and Xu told CoinDesk he expects the company will make a profit in 2020, according to an article in TechCrunch.
Xu said that the company is still in the process of upgrading its website and getting a new payment system in place, but he expects to reach profitability in 2020 if things go well.
As Bitcoin has surged in popularity in China this year, the Chinese authorities have tightened their stance on cryptocurrencies and their trading has been severely restricted.
Bitcoin was banned from the country for more than a year in April 2017, and in July 2017, China banned bitcoin exchanges from operating in the country.
The country has also taken steps to restrict access to the digital currency.
According the Bitcoin Information Center, the value of Bitcoin in China has fallen more than $1.2 billion in the last two years, with many Bitcoin exchanges and services now only accepting Bitcoin as payment.
BTCT’s CEO says he is still hopeful to open BTCT, and said that his company will be able to make profits in 2020 without the security upgrades.
“We hope to make money in 2020 by raising money through new business and investing in new businesses,” Xu said.
“I am confident that we can do this because BTCT is one of Chinas largest online gambling sites.”
For now, the BTCT platform has been operating mostly offline, and only offers Bitcoin-based gambling services in the region.