Canaan Used ‘Bogus’ Deal to Attract Investment, Argues Analyst
Canaan’s revenue promises are based on at least one bogus contract, according to analysts Go to Source Powered by WPeMatico
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Riot’s Stock Dips 5% as It Focuses on Bitcoin Mining Ahead of Halving
Nasdaq-listed Riot Blockchain plans to sell its new crypto exchange business to focus on Bitcoin mining about three months ahead of the halving event Go to Source Powered by WPeMatico
‘Central Banking Is Socialism for the 1%’ – Report Cites Wealth Inequality Driven by Stimulus
For a while now, central banks like the Federal Reserve have been participating in quantitative easing (QE) practices, despite the fact they don’t like to call it QE. Following the massive dollar injections, a recent report from the wealth insights provider Wealth-x details the number of wealthy people in the world spiked in 2019. The … Read more
Crypto Community Eyes US–Iran Crisis As Tensions Flare
As good as gold? Not so fast. “It appears a decent internet connection is crypto’s newest Achilles heel.” Go to Source Powered by WPeMatico
Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump
On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U.S. shares. Canaan shares initially sold for $8.99, but plummeted over 48% on December 16 to $4.65 per share. Since then, Canaan has launched a series of five new mining rig batches that … Read more
Mining Chip Maker Ebang Next in Line to File for US IPO
Ebang, the ASIC chip and mining rig manufacturer based in Hangzhou, China is allegedly filing for an initial public offering (IPO) in the U.S. following Canaan’s recent Nasdaq listing and Bitmain’s secret IPO filing. The world’s third-largest bitcoin mining hardware manufacturer plans to follow Canaan’s footsteps with an attempt to be listed on the American … Read more
Swiss Stock Exchange SIX Lists Physically-Backed Bitcoin ETP
Nasdaq-listed asset manager WisdomTree has launched a physically-backed Bitcoin exchange-traded product on Switzerland’s main stock exchange Go to Source Powered by WPeMatico
Nasdaq-Powered Security Token Exchange Shutters to Pursue Merger
The Nasdaq-powered DX.Exchange — which listed security tokens and tokenized stocks — is temporarily shutting down to pursue a merger or acquisition Go to Source Powered by WPeMatico
Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq
Mining rig manufacturer Canaan has filed for an IPO with the U.S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to go public in Hong Kong and China. Credit Suisse and Citigroup are among its underwriters. Also read: 4 New High-Powered … Read more
Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins
Cryptocompare’s AI-powered CIX100 index has been listed on Nasdaq Go to Source Powered by WPeMatico