Bitmain officially files for IPO - New stablecoin "USD Coin" Is Now Trading - Japanese Regulators allow SBI Ripple Asia a License for Blockchain-based Payment App

Bitmain Officially Files For IPO

On Wednesday, Bitmain has officially filed an application to go public on the Hong Kong Stock Exchange (HKEX). The application is still in draft form and pending further listing hearings from the Hong Kong Stock Exchange. The final valuation of the company is unclear. A number of details remain censored, for example, the number of shares that will be offered and the exact date for the public offering. You can read the whole offering here:
Bitmain IPO application
We from BCW have summarised the key facts for you:
  • revenue until June 30 this year:  $2,845,467,000
  • profit until June 30 this year:      $1,030,151,000
  • ASIC miners sold until June 30:   2.56 million 
  • Funding rounds: Series A $50 million, Series B $292.7 million, pre-IPO $422.05 million
  • employees in 2018: 2,594 people
New Stablecoin "USD Coin" Is Now Trading

Circle Internet Financial Ltd. launched a USD-backed digital token named the “USD Coin.” The project was developed in partnership with the CENTRE affiliate consortium (which also includes Bitmain). The token will be available at Poloniex, which is owned by Circle, Huobi, OKEx, DigiFinex, CoinEx, KuCoin, Coinplug and XDAEX.
Kyber Network, IDEX and Radar Relay are partnering with Circle at the protocol level. Dharma, Origin, BlockFi, MoneyToken, Melonport, and Centrifuge announced that they will work with the stablecoin for lending, investing or payments.


Japanese Regulators Allow SBI Ripple Asia A License For Blockchain-based Payment App

SBI Ripple Asia has completed registration with the Kantou bureau of Japan's Ministry of Finance as a licensed agent for handling electronic payments on Wednesday. They are now a licensed "Electronic Settlement Agency Service Provider."

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