Bitcoin Mining Firm Bitmain Just Filed for an IPO

Bitcoin mining firm Bitmain has just submitted its initial public offering (IPO) with the Stock Exchange in Hong Kong (HKEX). Bitmain is based in Beijing, China. So what’s going on with the Bitmain IPO? Bitmain IPO Bitmain’s long-awaited IPO is still in its draft form and pending further listing hearings from the HKEX. The announcement of Bitmain’s public offering isn’t without controversy though. Bitmain has been weighing an $18 billion IPO, one of the largest in history. Bitmain is one of the world’s most valuable cryptocurrency companies. Back in July, the…

Goldman Sachs and Google Ventures Lead Investments into Blockchain Payment Company Veem

The blockchain payment company Veem just announced it has closed a $25 million funding round. The company closed its Series B funding round back in 2017. Veem states that Goldman Sachs and Google Ventures led the new funding round. Veem The latest round raised by the blockchain payment company Veem included a slew of new and existing investors. Silicon Valley Bank, Extol Capital, Trend Forward Capital, GV (formerly Google Ventures), Pantera Capital, and Kleiner Perkins contributed to the expansion of the company. Currently, small business owners have to deal with slow…

BCH Price Rally: Bitcoin Cash is Up Nearly 30% and is Still Going! What’s Going On?

Hold onto your hats folks! There is a BCH price rally happening right now! But why!? The coin has rallied almost 30% at the time of writing; according to coinmarketcap.com, BCH is currently up 28.94%. Are we seeing a repeat of what Ripple (XRP) accomplished last week? BCH Price Rally: Is Bitmain the Cause? So without a doubt, BCH is the best performing coin on the market right now. Analysts are attributing the BCH price rally to the successful IPO filing of Bitmain with the Stock Exchange of Hong Kong Limited. Mati Greenspan,…

The Myth of Bitcoin Volatility

Bitcoin volatility is one of the most used arguments against the cryptocurrency, but stability in commodity prices is a myth. Thus, assuming that Bitcoin prices are not yet ready for public use because of price volatility is a weak criticism based on a false assumption that price stability is somehow a sign of an accepted, adopted commodity. In reality, market-based prices move, constantly. This means Bitcoin’s price will always be unstable and it is time to accept that and move on to solving actual cryptocurrency problems instead of chasing myths.…