Monthly Archives: July 2019

news Canaan Creative, the major bitcoin miner manufacturer, is said to have confidentially filed for an IPO in the U.S. According to a report from IFRAsia on Wednesday citing “people with knowledge of the matter,” the Hangzhou, China, based firm is seeking to raise $200 million via the public listing. A report from Bloomberg in January, also…

news Cryptocurrency exchange Rain has opened its doors for business following regulatory approval by Bahrain’s central bank. The exchange also closed a $2.5 million funding round co-led by BitMEX Ventures. Rain received a Crypto-Asset Module (CMA) license following a two-year regulatory sandbox process per a statement from the exchange. Both the first project and graduate…

news The Russian Federal Customs Service has opened a criminal investigation into an importer of bitcoin miners for potential underpayment of customs fees. The Far-East Trading and Industrial Company, or DTPK, may have failed to pay about $1.2 million on 6,012 Bitmain-manufactured ASIC miners imported from August 2017 to February 2018, according to a search warrant obtained by CoinDesk.…

news Is bitcoin a currency or commodity? That is one of the questions Marshall Hayner, CEO of Metal Pay, reflected on during an interview with Leigh Cuen of CoinDesk. According to Hayner, whatever the use case, it’s likely the industry will see more regulation going forward. In fact, it’s this increased oversight that may finally…

news Online retailer Overstock.com announced it will pay shareholder dividends in its affiliate company’s digital security. The move, approved by the company’s board of directors, will see that one digital voting series A-1 preferred stock (series A-1) will represent 10 shares of common stock, or 10 shares of voting series B preferred stock, according to…

news Coinbase Pro announced the coming addition of the proof-of-stake and democratically-governed Tezos blockchain to its institutional trading platform. Tezos (XTZ), a multi-million dollar blockchain that officially launched in September 2018, offers the opportunity for its stakeholders to vote on-chain on proposed upgrades. When Tezos was added to another Coinbase affiliate, Coinbase Custody, in March,…