Tag Archives: hong kong

OKCoin Founder Star Xu Seeks to Acquire Public Firm for $60 Million

Star Xu, the founder of cryptocurrency exchange OKCoin, may be seeking a possible backdoor IPO for his firm by buying a majority stake in a Hong Kong-listed company. On Jan. 10, Xu (under his real name Xu Mingxing) filed with the Hong Kong Stock Exchange (HKEX) for approval to buy a 60 percent stake in a construction engineering firm called… Read More »

Blockchain Supply Chain Platform Nets $16 Million in Series A Investment

United States enterprise supply chain developer Chronicled has raised $16 million in a Series A funding round, the company confirmed in a press release Jan. 15. Chronicled — which will use blockchain technology to power a platform helping clients secure and automate supply chains — saw its round led by Hong Kong venture capital firm Mandra Capital. Streamlined… Read More »

BitMEX Denies Report of US, Québecois Account Closures and Correlated Volume Decline

Major crypto derivatives trading platform BitMEX says there are major inaccuracies in a recent media report that alleged the exchange was closing United States and Québec residents’ accounts due to a regulatory crackdown. Cointelegraph Japan reported the news on Jan. 16, following comments from a BitMEX representative. In detailed comments to CT Japan, BitMEX claimed there were as… Read More »

Hong Kong Crypto Exchange BitMex Shutting Down Trading Accounts in the US and Quebec

The Hong Kong-based bitcoin futures exchange BitMex, is pulling the plug on trading accounts in the US and in the Canadian province of Quebec amidst growing regulatory restrictions in North America. Although BitMex is one of the most active bitcoin trading platforms in the world with a current turnover of $928 billion, the trading platform is rightfully nervous… Read More »

Cornered by Bear Market, Bitmain Is Facing an Unclear Future

On Jan. 10, news emerged that Chinese Bitcoin mining giant Bitmain’s co-founders, Jihan Wu and Micree Zhan Ketuan, will step down as co-CEOs of the company. The move follows a streak of reports suggesting that Bitmain has been facing mass layoffs, class action lawsuits and difficulties related to its initial public offering (IPO) during the last quarter of 2018.… Read More »

Bitmain Secretly Replacing Company’s Product Engineer As its New CEO

When it comes to bitcoin mining pool, Bitmain’s name often appears on top. Very recently, Beijing based Bitmain which is the world’s biggest crypto mining firm has confirmed the layoff plans as a part ‘to live up the company’s mission’. Co-Founders To Step Aside Per the South China Morning Post, Bitmain Technologies is naming a product engineering director… Read More »

Canaan May Begin New York IPO by End of Q2 2019, Anonymous Sources Tell Bloomberg

Chinese Bitcoin mining hardware manufacturer Canaan Creative is considering a new initial public offering (IPO) in New York, Bloomberg reported on Jan. 8, quoting anonymous sources. Canaan, China’s second-largest hardware player, could begin selling its shares in a private placement in the first half of this year, according to the people familiar with the matter who declined to… Read More »