Category: Investment

First crypto firm IPO on London Stock Exchange raises $32.5 Million

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London Stock Exchange

A crypto mining company has raised £25 million (about $32.5 million) through an IPO on the London Stock Exchange (LSE). U.K.-based Argo Mining (ticker: ARB), which provides “accessible” crypto mining via a subscription service, is the first crypto company to be listed on the LSE. The company raised £5 million (about $6.5 million) more than its initial goal of £20 million through the IPO. Argo kicked off on the exchange with about 156 million shares accounting for 53.2% of its issued shared capital, according to a company document. Shares were…

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Bitmain valued at $12B in new funding round

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Bitmain office

Chinese cryptocurrency mining equipment producer Bitmain has been valued at approximately $12 billion following a Series B funding round. The company is also reportedly mulling a pre-IPO funding round “in the future”. Chinese cryptocurrency mining equipment producer Bitmain has been valued at approximately $12 billion following a Series B funding round, local news outlet Caixin reported on Friday, citing anonymous sources familiar with the matter. Bitmain has reportedly raised between $300 million to $400 million from Sequoia Capital subsidiary Sequoia China, US hedge fund Coatue and Singapore-based governmental investment fund…

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Galaxy Digital invests in startup that helps launch crypto exchanges

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AlphaPoint

AlphaPoint Corp. has raised $15 mln in funding from digital assets merchant bank Galaxy Digital LP founded by billionaire investor Mike Novogratz, Bloomberg reported June 14. AlphaPoint Corp. is a firm which helps organizations launch crypto exchanges and tokenize assets. From now on, Greg Wasserman, managing director of Galaxy Digital Ventures, will reportedly join AlphaPoint’s Board of Directors. Speaking about companies’ dealings, Novogratz said in a statement: “We are in the early stages of a fundamental transformation in financial markets due to the digitization of assets. We are excited to…

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Coinbase Index Fund open for business

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Coinbase Index Fund

Coinbase, the operator of the largest U.S. cryptocurrency exchange, confirmed that its Coinbase Index Fund is officially open for business. The exchange operator announced launch of the fund earlier this year. While the Coinbase Index Fund is open to investors, there are hefty minimum investments associated with the new fund. The fund is only open to investors with the ability to invest at least $250,000 or up to $20 million. “At this stage, Coinbase Index Fund is only open to US-resident accredited investors. We’re working on launching more funds which…

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Bitmain valued at $12 billion after raises $400 million in Pre-IPO funding

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bitcoin mining

Bitmain, the dominant force in bitcoin mining, has reportedly raised $400 million as it gears up to go public later this year. Regional media outlet China Money Network reports that the funding round, which values the China-based firm at $12 billion, was led by Sequoia Capital China, a VC that has been quite active in the nascent cryptocurrency space. Bitmain has not yet confirmed the funding round publicly. The $12 billion valuation matches Bitmain’s internal estimates but exceeds that of many external analysts, who estimated that the firm was worth…

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Coinbase acquires Keystone Capital

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Keystone Capital

Coinbase has acquired three California-based companies in an effort to not only expand its business, but to achieve regulatory compliance as the cryptospace strives for mass adoption. One of the most popular fiat onramps to the cryptospace, San Francisco’s Coinbase, isn’t waiting to be regulated. Rather, the famous exchange is acquiring security broker-dealer Keystone Capital as part of an effort to be recognized as a federally sanctioned securities trading platform. Coinbase’s business has recently expanded to include 20 million customers in over 33 countries, but the firm has traditionally only…

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Chinese ASIC maker seeks $1 billion in IPO

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Canaan Creative

Canaan Creative, the second-largest ASIC manufacturer, seeks $1 billion in funding through the largest crypto IPO and the first in Hong Kong Canaan Creative, the biggest Bitcoin mining equipment manufacturer after Bitmain, filed for a public offering in Hong Kong on Tuesday. The company, which controls 15% of the ASICs market, is seeking $1 billion in fundraising after a productive year that had it making revenues of over $200 million. This would be the first time a cryptocurrency-related venture has filed for an IPO in Hong Kong, and the biggest…

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Nasdaq would consider creating a crypto exchange

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Nasdaq

The CEO of Nasdaq suggested Wednesday that the company could open a cryptocurrency exchange in the future. The subject came up in an interview with CNBC, during which CEO Adena Friedman expressed openness to the idea. “Certainly Nasdaq would consider becoming a crypto exchange over time,” Friedman remarked, adding: “If we do look at it and say ‘it’s time, people are ready for a more regulated market,’ for something that provides a fair experience for investors… I believe that digital currencies will continue to persist it’s just a matter of…

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Kraken’s exodus from Japan

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Kraken Japan

Kraken, one of the longest-operating cryptocurrency exchanges in the world, is pulling out of Japan. Kraken attributed the exit to the rising cost of doing business in the country, but said that it might return in the future. The exact dates for suspending trading and funding have not been determined yet, and the San Francisco-based exchange promised to contact its clients residing in Japan when this happens. According to Kraken’s statement, which was leaked on Twitter, the suspension of services for Japanese residents will allow the company to shift its…

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Boerse Stuttgart launches crypto trading app

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Bison trading app

The Bison app, which was developed by Boerse Stuttgart, will be available to cryptocurrency traders in the fall. Germany is taking the lead among retail exchanges tapping into the cryptocurrency base. Sowa Labs, a fintech subsidiary of Boerse Stuttgart, Germany’s second largest stock exchange for retail derivatives, has launched Bison, a mobile app for trading cryptocurrencies. Bison will support trading in bitcoin, Ethereum, Ripple and Litecoin. More coins will be supported soon. The Bison app rivals the likes of Robinhood in that there are zero trading fees. Meanwhile, it’s a…

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How to achieve security of cryptocurrency?

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Platon Club cryptosecurity

Nowadays cryptocurrencies are becoming more and more popular. Public is speaking about them more and more. But with the growing interest in virtual currencies there are other issues that people want to be solved. People who choose to invest and to buy the cryptocurrency are also keen on security because they will not end up short. They are looking for the exchange offices or stoking exchanges that have a good name, the highest protection and good security. But to be honest market is still missing such products. Hacker attacks are…

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Coinbase user files class action against company, claims insider BCH trading

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bitcoin cash insider trading

Coinbase, a major US-based cryptocurrency exchange and wallet platform, faces a class action lawsuit claiming that its employees and other insiders benefited from trading on non-public information that the exchange planned to introduce Bitcoin Cash (BCH) support last December, The Recorder Law reported on Friday, March 2. The complaint was filed by Coinbase user and Arizona citizen Jeffrey Berk, represented by two law firms, in the US District Court for the Northern District of California on Thursday, March 1. The introduction to the class action complaint brought against Coinbase explains…

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Regal RA DMCC gets first Middle East license in cryptocurrencies

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regal assets dmcc

The report says that Regal RA DMCC, a gold trader in Dubai, is the first company in the Middle East to obtain a license to trade cryptocurrencies – according to the Dubai Multi Commodities Centre. The statement released says that the company will offer storage of Bitcoin, Ethereum, and other cryptocurrencies in a vault located at the DMCC headquarters in Almas Tower, Dubai. The company is also working on an online trading platform and they currently view cryptocurrencies as a “commodity, not as a method of payment”. Meanwhile, in a…

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Line – messaging app giant – is launching a cryptocurrency exchange

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LINE

With over 600 million registered users and 200 million monthly active users worldwide, Japanese messaging giant Line has announced plans to start and operate a cryptocurrency exchange. In an announcement today, the Tokyo-based chat app confirmed that it has filed an application with the Financial Services Agency (FSA) – Japan’s financial regulator – to register and launch a cryptocurrency exchange. The application is currently under review. It’s a significant move, one which sees Japan’s biggest messaging service announcing its foray into cryptocurrency trading, to be enabled within its chat application…

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Bitcoin is crashing and likely to bottom around $2,000 (Opinion)

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bitcoin fire

Cryptocurrency’s meteoric ride mirrors silver’s boom and bust The trend for bitcoin now is unmistakable — down, down, down. Bitcoin has crashed. Bitcoin BTCUSD, +0.51% has lost half of its value in just over a month. This is not a “correction” ultimately leading to new highs. This is not fuel for contrarians. Plain and simple, bitcoin is falling and it won’t be getting up. Last December 7th, I wrote that bitcoin and other cryptocurrencies were in a full-fledged mania. Less than two weeks later, bitcoin futures XBTG8, +0.41% BTCF8, -0.86%…

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