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Tuesday, January 20, 2015

Bitcoin payment processor Coinbase says raises $75 million, (NYSE: C), (NYSE: DCM), (NASDAQ: FISI), (NYSE: TRI)

Bitcoin payment processor Coinbase said on Tuesday it has raised $75 million from several major financial institutions, including the New York Stock Exchange, USAA Bank, and Spanish banking group BBVA. In a statement, Coinbase said funding for this round was led by DFJ Growth, with participation from existing investors such as Andreessen Horowitz, Union Square Ventures, and Ribbit Capital.Vikram Pandit, former Citigroup Inc chief executive officer, and Tom Glocer, former Thomson Reuters CEO also participated in the latest capital-raising.The $75 million total was the largest funding round to date for a bitcoin company, according to Coinbase, which added that the total capital raised so far amounted to $106 million.The latest round, which also included an investment from NTT DoCoMo Inc, Japan's largest mobile telecommunications operator, will help accelerate international expansion.

Citigroup Inc. (Citigroup) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Shares of C fell by 0.39% or $-0.185/share to $47.42. In the past year, the shares have traded as low as $45.18 and as high as $56.95. On average, 17594700 shares of C exchange hands on a given day and today's volume is recorded at 10055034.

NTT DOCOMO, INC. is a Japan-base company mainly engaged in the mobile communication business. Shares of DCM traded higher by 1.16% or $0.19/share to $16.55. In the past year, the shares have traded as low as $14.42 and as high as $18.10. On average, 242252 shares of DCM exchange hands on a given day and today's volume is recorded at 70582.

Financial Institutions, Inc. (FII) is a financial holding company. Shares of FISI traded higher by 0.02% or $0.005/share to $23.54. In the past year, the shares have traded as low as $19.72 and as high as $27.02. On average, 28413 shares of FISI exchange hands on a given day and today's volume is recorded at 2497.

Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.68% or $-0.27/share to $39.60. In the past year, the shares have traded as low as $33.21 and as high as $41.44. On average, 748418 shares of TRI exchange hands on a given day and today's volume is recorded at 308386.



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