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CoinLab’s venture Alydian Inc. files for Bankruptcy, Bitcoin roller coaster ride

Only yesterday we had written about Circle Internet Financial which was launched with the aim of increasing the adoption of digital currencies such as Bitcoin and that it received $9Mn in funding. On 4th November 2013, Alydian Inc a unit of CoinLab (one of the largest promoters of Bitcoin) has filed for bankruptcy protection with less than $50,000 in assets.

Bitcoin price has been moving up and down this year but in long term it has increased a lot. It was trading at $50 ...

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