Grab is now valued at $14 billion after landing $1.46 billion from SoftBank's Vision Fund

Southeast Asian ride-hailing giant Grab says it has secured $1.46 billion in new funds from SoftBank’s Vision Fund. Following the fresh financing from the Vision Fund, Grab’s valuation is at $14 billion, according to a source familiar with the matter. In its current funding round, Grab has raised more than $4.5 billion with investments from…

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Top-3 Mining Rig Maker Ebang Eyes Market Turnaround in 2019

Ebang, the third largest mining equipment producer, plans to make at least 400,000 of its Ebit mining rigs in 2019. The company commands a 9.2% share of the global mining hardware market, lying behind only Bitmain and Canaan. Ebang Expects to Sell 400K Units in 2019 The latest company reports show sales of almost 159k units in…

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Shutdowns and Ascents: Will the Political Crisis in the US Give a Boost to the Crypto Market?

Photo: Unsplash Although the government shutdown in the US is officially over, the current state of affairs looks more like a shaky truce than the end of the hostilities. The Congressional Budget Office (CBO) estimates that the temporary halt in government operations will cost American economy at least $3 billion of the projected 2019 GDP….

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Coinbase President Says Institutions With Short-Term View Shouldn't Touch Crypto

It hasn’t been the best of Christmases for the stock markets and let’s face it, Santa hasn’t exactly gone overboard when it comes to crypto. However, according to a CNBC Fast Money interview with Coinbase President Asiff Hirji, it hasn’t been all bad. A Year of Innovation When asked what happened to crypto in 2018 after such promise…

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Bitmain And Ebang's Hong Kong IPO Ambitions in Question

China’s Bitmain Technologies Holding and Ebang International Holding, two of the largest bitcoin mining equipment makers in the world, are struggling to meet up with regulatory requirements in Hong Kong. According to reports, plunging Bitcoin price and regulatory headwinds could cause a delay or total abandonment of the planned floats on the Hong Kong stock…

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Bitmain No Longer Under Influence of Jihan Wu, Says Lawyer

Bitmain co-founder Jihan Wu no longer has influence over the company’s decision-making processes after an executive board reshuffle, a lawyer told local media November 12. Wu Now ‘Supervisor’ As Sanyan Blockchain reports, the mining giant altered the make-up of its board last week. Among the changes, Wu’s position went from a director to a “supervisor,”…

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Coinbase Exec Denies Plans for IPO ‘Any Time Soon,’ Reveals Plans to Add up to 300 Coins

Major U.S. cryptocurrency exchange and wallet provider Coinbase will not perform an initial public offering (IPO) “any time soon,” the company’s President and COO Asiff Hirji told Bloomberg today, Oct. 31. Speaking to Bloomberg TV, Hirji, who himself was the first to hint about the potential for an IPO in 2017, said that while the…

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Bitmain’s IPO prospectus is not clear, says Samson Mow

Recently, Director of Business Development of Messari Inc, Katherine Wu shared her insights on Bitmain’s IPO along with Samson Mow, Blockstream’s CSO. In the interview, the duo spoke about their concerns regarding the Bitmain’s IPO. They believed that there were a lot of “false facts” regarding the investments in Bitmain. Samson stated that he was initially shocked by the…

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Bitcoin Cash Follows Ripple Price Pump On Back Of Bitmain IPO News

Bitcoin Cash (BCH) staged an unlikely comeback September 27, rising almost 25 percent after news mining giant Bitmain had finally filed for an initial public offering (IPO). BCH Hits Multiweek Highs Data from Coinmarketcap shows BCH 00 beating out competition from all of the top twenty cryptocurrency assets for the 24 hours to press time,…

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Bitmain Files for Hong Kong IPO, Releases First Public Financial Statement

Bitmain has filed an IPO prospectus short on listing details but providing information on its financial performance in the first half of the year. Chinese cryptocurrency mining giant Bitmain officially filed on Wednesday a draft application for its highly-anticipated initial public offering (IPO) on the Hong Kong Stock Exchange (HKEX). In the preliminary document, the…

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Bitcoin Cash Price Registers a 20% Gain – Bitmain IPO and Gemini Hype

After experiencing a 20% gain in the past 24 hours, Bitcoin Cash price is trying to break through the $540 resistance level. Currently trading at $531, BCH is holding the current levels with relative ease. Gemini announcement As noted in our previous BCH price analysis article, one factor that could be potentially contributing to the…

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Bitmain Rolls Out New ASIC Chip for Crypto Mining

China’s Bitmain, which runs some of the largest crypto mining pools in the world, has unveiled a next-generation ASIC chip said to further enhance mining equipment performance. Beijing-based cryptocurrency mining equipment producer Bitmain announced the launch of a next-generation ASIC chip using the SHA256 algorithm, presenting the new solution during the World Digital Mining Summit…

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Bitmain Launches "Next-Gen" 7nm Processor As IPO Looms

New 7nm Chip To Be Implemented In Upcoming Bitmain ASIC Machines Per an official announcement from Bitmain, Jihan Wu, the CEO of the Beijing-based cryptocurrency mining giant, revealed that his firm is launching the SHA256-focused BM1391, the long-awaited, next step in the evolution of Bitcoin mining machines. Along with revealing this new chip based on…

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Inside one of the world’s biggest bitcoin mines 👷🔨💰💸🤑💲

Source: Read Full Article

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Crypto Trading Platform Robinhood Considering Launching its IPO | BTCMANAGER

Stock and cryptocurrency trading platform Robinhood is planning to launch an Initial Public Offering (IPO), for which the company is looking for a chief financial officer (CFO). Speaking at TechCrunch Disrupt San Francisco on September 6, 2018, CEO Baiju Bhatt stated that the startup is actively seeking a CFO, and is undergoing a spate of…

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Robinhood feels “strongly about offering crypto”, says CEO: Potential IPO to come

Baiju Bhatt, the Co-Founder of zero-trading fee platform Robinhood, appeared on TechCrunch Disrupt earlier today to speak about taking the company public. Moreover, he also stated that they were looking for a Chief Financial Officer for the company, implying future growth and expansion. He was asked about going public by the interviewer and stated that…

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Bitmain IPO: BitMEX conducts research through the leaked pre-IPO documents

On 30th August, BitMEX, a peer-to-peer [P2P] Bitcoin trading platform based out of Seychelles posted a research about the recently announced Bitmain IPO on its official Twitter account. Here, the BitMEX team analyzed the previously released pre-IPO financial document. A recent tweet by BitMEX Research | Source: Twitter The research stated that Bitmain had its…

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BitMEX Research: Future Success of Bitmain Depends on Skilled Management

A research unit for crypto exchange BitMEX analyzed recent data on Bitmain which was leaked to Twitter earlier this week. According to the report published on BitMEX blog Thursday, August 30, the Chinese mining giant has “legendary” potential, but future success will depend on skilled management. Discussing the source of leaked Bitmain financial data —…

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Leaked Bitmain Pre-IPO Document Show Holes in Business Plan

A leaked Bitmain pre-IPO report has revealed that not all is sunshine and roses at the world’s biggest Bitcoin mining company. What is Bitmain? Bitmain is a Hong Kong-based company that designs, constructs and sells cryptocurrency mining devices. It also owns and operates mining farms, and owns and mining pools. Currently privately-owned, it is expected…

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Cornucopia Blockchain-based IPO Investment Platform Gets New Chief Market Strategist

Cornucopia, a blockchain project focused on making it easy for investors to acquire pre-IPO shares of their favorite firms have now hired tZero’s Joe Cammarata to their team. Cammarata will now function as the Chief Market Strategist of the platform, bringing with him years of experience in the traditional finance world into Cornucopia. The highly…

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