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Hong Kong Bitcoin Mining Suffers A Setback Due To ‘Trade Descriptions Ordinance’ Restrictions
Bitcoin Mining Takes A Blow As Hong Kong Announces New Restrictions On Mining – Does This Spell Out A Change In Attitude Towards Cryptocurrencies? Over the beginning of this month, the Hong Kong Secretary responsible for Financial Services as well as the Treasury, James Lau made the Legislative Council that, according to regulations set out […] дальше »
2019-4-25 00:00 | |
Hong Kong Bitcoin Traders Guilty of ‘Unfair’ Mining Sales Face 5-Yr Prison Term
By CCN. com: Hong Kong’s Secretary for Financial Services and the Treasury, James Lau, has clarified to the city-state’s Legislative Council that commercial transactions relating to Bitcoin mining devices are protected under the Trade Descriptions Ordinance. дальше »
2019-4-4 15:34 | |
Bitcoin Dev Demos the First Lightning-Enabled Bitcoin ATM
At the Bitcoin Association of Hong Kong’s Lightning Hack Day on March 31, 2019, Bitcoin developer Felix Weis presented a successful demonstration of his Lightning-enabled plugin for a Bitcoin ATM. дальше »
2019-4-2 22:02 | |
Bitmain Announces Antminer s17 Date: Can It Turn the Company’s Fortunes Around?
Cryptomining manufacturer Bitmain has revealed the release date for its next-generation Antminer S17 series. The S17 set of miners includes the Antminer S17 Pro, Antminer S17 and the Antminer T17. дальше »
2019-3-30 23:28 | |
Blockstream’s Samson Mow Thinks 2020 Bitcoin Halving Will Not Help Bitmain’s Mining Recovery
A few days ago, Bitmain, the largest ASIC hardware manufacturer in the world, has called off its plans to go public with an IPO at the Hong Kong Stock Exchange. The IPO was also the largest IPO related to the cryptocurrency industry. дальше »
2019-3-29 00:27 | |
Bitcoin [BTC] halving will not help Bitmain’s case, claims Blockstream’s Samson Mow
Bitmain, the Beijing-based cryptocurrency mining company, recently called off its plan to formally go public with its IPO application at the Hong Kong Stock Exchange after it lapsed. The IPO listing was predicted to be the world’s largest crypto-related IPO, but the collapse of the application added to the news of the firm’s economic retrenchments. дальше »
2019-3-28 17:30 | |
Bitmain IPO: From The Next Unicorn To A One Trick Pony In 90 Days
Bitmain’s IPO application has officially expired. Six months after it was first listed, what was to be the crypto-world’s biggest public offering has been shelved, at least for now. The website for the Hong Kong Stock Exchange (HKEX) updated the mining giant’s listing to “lapsed” late last night. дальше »
2019-3-27 23:45 | |
Bitmain IPO Filing Officially Expires on HKEx, Yet Transparency Benefits Remain and New CEO Elected
The cryptocurrency mining giant Bitmain decided to present a filing to list an initial public offering (IPO) on the Hong Kong Stock Exchange (HKEx). According to the list of now-lapsed applications on HKEx website shows that the filing of the Chinese company has already expired. дальше »
2019-3-26 21:42 | |
Cryptocurrency Mining Giant Bitmain Officially Gives up on Going Public in Hong Kong
Bitmain Technologies, a Chinese based chip maker of specialized cryptocurrency mining machines, has shelved its plans to list on the Hong Kong Stock Exchange due to a number of reasons including staff lay-offs, a protracted bear market, and management restructuring reported the South China Morning Post on March 26. дальше »
2019-3-27 20:29 | |
Bitmain’s $3 Billion IPO Application is Officially Dead but Dream Remains Alive
The IPO dreams of Bitcoin mining equipment giant Bitmain are over, at least for now, as its listing application which was filed on September 26, 2018 has reached the six-month expiration date. Without giving a specific date Bitmain, however, said in a blog post that it will reapply at a future date. дальше »
2019-3-26 13:36 | |
Breaking: Bitmain’s Hong Kong IPO Application Lapses
Beijing-based cryptocurrency mining company Bitmain has let its IPO application on the Hong Kong stock exchange lapse, according to… The post Breaking: Bitmain’s Hong Kong IPO Application Lapses appeared first on Invest In Blockchain. дальше »
2019-3-26 11:03 | |
Bitmain IPO Application Fails to Impress – Set to Expire Today
After six months of inactivity, the Bitmain IPO is set to expire bringing to a close another difficult chapter for the beleaguered cryptocurrency mining behemoth. Bitmain IPO: Dead on Arrival The Bitmain Technologies application for an initial public offering (IPO) on the Hong Kong Stock Exchange (HKEX) expires today, Monday (March 25, 2019). дальше »
2019-3-25 17:00 | |
Valued At $1 Billion, Canaan Creative Is Encroaching on Bitmain’s Dominance
ASIC chip manufacturer Canaan Creative is closing the gap between itself and industry leader Bitmain after a massive infusion of capital. In its latest funding round, the Chinese mining company has raised several hundred millions of dollars, Chinese publication Securities Times reports. дальше »
2019-3-14 00:05 | |
Scammer Accused of Duping Victims of over $400,000 Arrested
Wong Chung-kit, a Hong Kong scammer who has made over $400,000 from peddling fraudulent mining machines, has been arrested, as reported on February 28, 2019. To the Slammer Wong Ching-kit, a Hong Kong-based crypto entrepreneur, has been arrested for running a scam selling fraudulent crypto mining machines to his victims. дальше »
2019-3-2 18:00 | |
In the Daily: Coinhive Closedown, Eos Heist, Crypto Entrepreneur Arrested
In this edition of The Daily, the creator of the in-browser crypto mining software Coinhive is closing down due to the low prices of monero and its forks. Also, $7.7 million of Eos has been stolen by a hacker and the crypto entrepreneur behind the money-throwing stunt in Hong Kong last year has been arrested […] The post In the Daily: Coinhive Closedown, Eos Heist, Crypto Entrepreneur Arrested appeared first on Bitcoin News. дальше »
2019-3-1 16:05 | |
The ‘Make it Rain’ Entrepreneur from Hong Kong is Arrested For Filecoin Crypto Mining Fraud
Wong Ching-kit, a 25-year-old businessman from Hong Kong was recently arrested after being accused of a crypto mining-related fraud scheme. According to the local media outlet China Morning Post, the man got famous before the arrest for throwing money to the people in the street from a high commercial building in the city. Ching-kit was […] дальше »
2019-3-1 05:06 | |
Bitcoin Mining Giant Bitmain Reveals $500 Million Loss; End of the IPO Dream?
The world’s largest maker of cryptocurrency mining equipment Bitmain made a $0. 5 billion loss in 2018’s Q3, CoinDesk reports. Citing a source who viewed an update that was filed with the Hong Kong Stock Exchange the publication also reported that Bitmain generated revenues of more than $3 billion during the first three quarters of 2018 with only $200 million being generated in Q3. дальше »
2019-2-19 16:53 | |
Chinese Crypto Exchanges Seek Backdoor Listings in Hong Kong
As the bear market continues with no signs of a change in trend crypto exchanges and mining giants in China seek ways to stay afloat. One method which has been increasing is a reverse merger in Hong Kong as IPO hopes fade. дальше »
2019-1-26 12:00 | |
Lack of “Consistency” in Bitmain Business Model Jitters IPO Ambitions
According to a report by 8BTC published on January 24, 2019, an “inconsistent” business model might be to blame for cryptocurrency mining giant Bitmain’s diminishing chances of being listed on the Hong Kong Stock Exchange (HKSE). дальше »
2019-1-26 20:00 | |
Bitcoin Mining Giant Canaan Reportedly Eyeing IPO in NY
Canaan, the second biggest Bitcoin mining hardware maker, is reportedly considering an IPO in the New York after shelving its Hong Kong IPO plans in late 2018. Canaan Eyes US IPO Citing sources familiar to the matter, Bloomberg reported that the second largest Chinese manufacturer of Bitcoin mining hardware, Canaan, is looking into the possibility of an IPO in New York. дальше »
2019-1-9 15:00 | |
Hong Kong Cryptocurrency Entrepreneur Accused of Scamming Investors of Millions
On January 7, 2019, The South China Morning Post reported that several residents had been duped of over HK$3 million (~$382,000) in a crypto mining scheme by entrepreneur Wong Ching-kit. Backstory: Face of a Mining Operation Wong Ching-kit, a cryptocurrency entrepreneur, has been accused of running a scam by several Hong Kong residents who accuse him of making away with just under. дальше »
2019-1-9 12:00 | |
Report: Bitcoin Mining Equipment Manufacturer Canaan is Considering U.S. IPO
China’s number-two Bitcoin mining equipment manufacturer, Canaan, is reportedly considering an initial public offering (IPO) in the United States. The new development comes after the company shelved plans to go public in Hong Kong just a few months ago. дальше »
2019-1-9 02:00 | |
Hong Kong Crypto Investors Claim to Have Lost HK$3 Million in ‘Mining Machines’ Scam
A new crypto controversy has surfaced in Hong Kong where investors are claiming to have been duped by a promoter. The investors claim to have invested in Wong Ching-kit’s cryptocurrency mining machines. дальше »
2019-1-8 15:54 | |
Hong Kong Crypto Mining Marketer Accused of Fraud in ‘Filecoin’ Investor Scheme
January 6th, South China Morning Post (SCMP) reported on a possible investment scheme created by Wong Ching-kit that may have duped Hong Kong based investors out of millions. The “Coin Young Master” (Wong) runs various online groups to promote cryptocurrencies, from Facebook pages to the self-proclaimed co-founding of “File Cash Coin”. He is being accused […] дальше »
2019-1-7 21:33 | |
Bitcoin playboy who ‘made it rain’ accused of HK$3M fraud
You might remember Wong Ching-Kit, the self-styled Bitcoin ‘millionaire’ behind last month’s outlandish publicity stunt, which saw thousands of dollars rain from the sky in one of Hong Kong‘s poorest neighbourhoods. дальше »
2019-1-7 16:57 | |
Crypto VC Suggests Bitcoin Cash and Litecoin Could Be Ruined Thanks To Bitmain Layoffs
Bitmain, the Chinese mining hardware manufacturer who recently applied for listing on the Hong Kong Stock Exchange, has laid off around half of their employees, the company confirmed in a statement: “There has been some adjustment to our staff this year as we continue to build a long-term, sustainable and scalable business. дальше »
2018-12-28 00:05 | |
More details about Bitmain layoffs emerge
More details about Bitmain layoffs emerge Major Chinese cryptocurrency mining company Bitmain just can’t seem to catch a break lately. Just months after filing to go public on the Hong Kong Stock Exchange, these plans have apparently been shelved as a complete restructuring of the company’s business is seemingly under way. дальше »
2018-12-27 18:53 | |
Layoffs Underway Amid ‘Adjustments,’ Bitcoin Miner Bitmain Confirms
Months after it filed an application to go public on the Hong Kong Stock Exchange, Beijing-based cryptocurrency mining giant Bitmain is undergoing a series of business changes that extend even to its China offices, the company confirmed Tuesday. дальше »
2018-12-25 19:00 | |
Bitcoin Equipment Maker Ebang Reapplies for Hong Kong Listing
Ebang International Holdings Inc. , a Chinese bitcoin mining equipment maker, has refiled documents for a public share sale with the Hong Kong stock exchange after its first submission failed to proceed. дальше »
2018-12-25 02:35 | |
Bitmain IPO Suffers Major Setback as Hong Kong Regulator Declares Crypto Firms “Immature”
These are not the best of times indeed for Bitmain, the world’s largest manufacturer of bitcoin mining equipment as Hong Kong’s stock market regulator, HKEX has made it clear that it would not approve the initial public offering (IPO) applications of DLT-linked firms until the region formulates a robust regulatory framework to govern its blockchain technology and cryptocurrency space, reported. дальше »
2018-12-22 00:00 | |
Hong Kong Stock Exchange Unsure on Passing Bitmain IPO
Earlier this year, Chinese mining hardware manufacturers Ebang, Bitmain, Canaan Creative applied to sell shares on the Hong Kong Stock Exchange (HKEX). However, according to an anonymous source via CoinDesk, HKEX seems unsure of whether they should approve the Bitmain initial public offering (IPO): “The exchange is very hesitant to actually approve these bitcoin mining… The post Hong Kong Stock Exchange Unsure on Passing Bitmain IPO appeared first on UNHASHED. дальше »
2018-12-18 20:15 | |
Statum Global: Legit Bitcoin Mining Opportunity or Crypto MLM Ponzi Scheme?
Statum Global is a company that works as an MLM cryptocurrency scam. According to some information provided by the firm, they are located out of Hong Kong and Eathan Cheng seems to be the founder. According to a report made by Behind MLM, there is no information about Cheng and that it is only related […] дальше »
2018-12-7 01:54 | |
Nvidia Leaves While Sapphire Technology Enters the Cryptocurrency Mining Business
Sapphire Technology, known as one of the largest suppliers for AMD-based video cards internationally has officially entered the ring that is the cryptocurrency hardware. The company, from its headquarters in Hong Kong, is launching its flagship mining rig in the near future. дальше »
2018-11-29 07:43 | |
Major Video Card Supplier Enters Cryptocurrency Mining Business
Sapphire Technology, one of the largest suppliers of AMD-based video cards in the world, has announced that it’s officially entering the cryptocurrency hardware business. The Hong Kong-headquartered company is launching a flagship mining rig. дальше »
2018-11-29 20:55 | |
Troubled Waters as Leading Bitcoin Mining Firm Allows IPO Application Elapse
One of the world’s largest crypto mining firms, Canaan Inc, has announced its application for an initial product offering (IPO) to the Stock Exchange of Hong Kong (HKEX) lapse. The move has also cast a shadow of doubt on what lies in stock for other cryptocurrency equipment makers: Will there be any more surprises, or will one of the remaining. дальше »
2018-11-17 01:00 | |
Nvidia Misses Q3 Revenue Target as Cryptocurrency Slump Weighs on Business
Shares of Nvidia plunged as much as 17 percent in after-hours trading on the Nasdaq Stock Market on Thursday, after the U. S. bitcoin mining equipment maker reported unexpectedly weak revenue for the third quarter. дальше »
2018-11-16 17:30 | |
Bitcoin Miner ‘Canaan Creative’ IPO Will Not Happen in 2018
Bitcoin mining equipment maker, Canaan Creative, on Thursday (November 15, 2018) allowed its Initial Public Offering (IPO) filing to elapse. Reports suggest that the company will shelve its IPO plans at least for the remainder of the year. дальше »
2018-11-15 23:00 | |
Top Bitcoin Mining Player Canaan Creative Allows HKEX Filing to Lapse, Leading to Delay of IPO Possibly
Canaan Creative recently applied for an initial public offering over six months ago in Hong Kong, but it does not seem like they met the requirements within the timeframe allotted. Considering that these applications are only good for six months through HKEX, it is possible that this IPO may ultimately be delayed. On the HKEX […] дальше »
2018-11-15 21:16 | |