Bitmain, the dominant cryptocurrency mining leader, is filing for an initial public offering (IPO) potentially for as much as $18 billion this September at a market capitalization of $40 to $50 billion. It will be listed on the Hong Kong Stock Exchange in late in 2018 or early in 2019. Bitmain closed a $1 billion …
Overstock’s blockchain investments now provide 60% of the firm’s total value and the blockchain investments will drive the price to $112, an almost 150% increase from their current level according to Tom Forte, an analyst with D.A. Davidson. Overstock has a cryptocurrency unit called tZERO as well as a subsidiary named Medici Ventures that invests …
The SEC has delayed a decision about listing the VanEck SolidX Bitcoin Trust ETF until September 30 or before. The Form S1 filing to the SEC by VanEck SolidX Bitcoin Trust is linked to here. This third attempt for an ETF by VanEck and they partnered with blockchain company SolidX and basing the fund on …
Steve Wozniak will be the headline keynote speaker of the Crypto Invest Summit (CIS) in Los Angeles. CIS is leading an effort to open up mainstream access to crypto and blockchain, which until now has been for insiders and techies. Steve Wozniak co-founded Apple’s with Steve Jobs. He has been an early blockchain and cryptocurrency …
The creator of Ethereum, Vitalik Buterin, talked about his vision for enabling global open platforms and positively impacting human economic coordination. This will be via * censorship resistance * trust minimization * decentralization * Fraud Resistance * Robustness Vitalik discussed those goals and benefits in more detail after talking about Ethereum being vastly less efficient …
Yujin Accounting Corporation has verified two trees at South Korean Cryptocurrency exchange Upbit. In May, South Korea’s Financial Services Commission (FSC), along with the Korea Financial Intelligence Unit (KFIU), seized hardware and documents from UPbit to evaluate claims from unknown sources that the exchange was insolvent. There were claims that UPbit was manipulating its balance …
Exchange traded funds can be traded like stocks but they can track any index or type of financial assets. They can track commodities or a basket of stocks or bonds. There are several groups trying to create cryptocurrency ETFs. There is $5 trillion of money currently in ETFs. This is growing at 10 to 20% …
Bitcoin has fallen back to the mid-$7000 support level after rallying over $8000. Bitcoin had a peak in January, 2018. Various bitcoin bulls have doubled down on their price predictions. Most of the hyperbullish predictions of $25,000 to 100,000 prices for Bitcoin by the end of 2018 are based upon institutions moving in and the …
Many people are worried about their future jobs and about long recessions and economies collapsing. There is a good chance that there will be a strong global economic and technological boom throughout most of the 2020s and 2030s. Instead of 3% average annual World GDP growth the 2020s could see 4-6% annual GDP growth. Communication …
Tau is a blockchain system that intends to remove bottlenecks in large-scale human communication and accelerate productivity in human collaboration. They will use logic based Artificial Intelligence. Users can make statements to their Tau client. The Tau network matches consensus among its users in real time. Users choose to share selected opinions and preferences. The …
