Author: Wolfie Zhao

Bitcoin Miner Maker Canaan Sets $100 Million Target for US IPO – CoinDesk

CoinDesk

Canaan, the world’s second-largest bitcoin miner maker, intends to raise about $100 million in its initial public offering (IPO) in the U.S. The Hangzhou, China-based manufacturer of the Avalon bitcoin miner updated its IPO application with the U.S. Securities and Exchange Commission (SEC) Read More

Founder of Bitmain Rival Held by Police Over Possible IP Dispute – CoinDesk

CoinDesk

Zuoxing Yang, founder and CEO of Shenzhen-based bitcoin miner maker MicroBT, is being held by local police to assist an investigation, CoinDesk has learned. The investigation is likely over allegations of intellectual property infringement by the firm related to the Read More

Asia’s Bakkt? AAX Rolls Out Crypto Trading With London Stock Exchange Tech – CoinDesk

CoinDesk

AAX, a Hong Kong-based cryptocurrency exchange that uses the London Stock Exchange (LSE)’s matching engine technology, has officially launched. After 19 months of development and testing, the company said on Thursday that the exchange platform has gone live on web Read More

Avalon Bitcoin Miner Maker Canaan Officially Files for $400 Million US IPO – CoinDesk

CoinDesk

Canaan Creative, the Avalon bitcoin miner maker and one of the world’s largest mining equipment manufacturers, has just formally filed another attempt to go public – this time in the U.S. Canaan’s initial public offering prospectus filed with the U.S. Read More

China Wants Communist Party Members to Pledge Loyalty on Blockchain – CoinDesk

CoinDesk

China’s Communist Party (CPC) is taking its leader’s support for blockchain to heart. Following Xi Jinping’s bombshell speech last week urging his countrymen to “seize the opportunity” created by the technology, the CPC released a decentralized app (dapp) for members Read More

Bobby Lee Returns With Ballet, a Crypto Hardware Wallet for the Masses – CoinDesk

CoinDesk

More than a year after he sold one of China’s longest-running bitcoin exchanges, Bobby Lee, co-founder and former CEO of BTCC, is back. Announced Thursday at CoinDesk’s Invest: Asia event in Singapore, Lee’s new venture, Ballet, is rolling out a hardware Read More

Powerful New Ethereum Miner Reaches Final Stage Before Mass Production – CoinDesk

CoinDesk

After a nine-month delay and $3.8 million of investment, an upstart manufacturer is ready to produce its first batch of powerful new machines for mining cryptocurrencies ethereum and ethereum classic. Linzhi, based in Shenzen, China, said Wednesday it had ordered Read More

Binance Launches Crypto Lending With Up to 15% Annual Interest – CoinDesk

CoinDesk

Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has launched a lending business in its bid to attract customer deposits. The company said in an announcement on Monday that Binance Lending will be available for customer subscription starting Read More

Switzerland Meetings Didn’t Clear US Lawmaker’s Doubts on Facebook’s Libra – CoinDesk

CoinDesk

A U.S. lawmaker said her concerns with Facebook’s Libra crypto project remain after meeting regulators in Switzerland, where the social media giant’s Libra Association is headquartered. Congresswoman Maxine Waters (D-CA), who also heads the House Financial Services Committee, said in Read More

Binance Customer Data Is Leaking: What We Know and What We Don’t – CoinDesk

CoinDesk

Binance, the world’s largest cryptocurrency exchange by trading volume, said it’s investigating the alleged leak of its customers’ verification information. The leak could allegedly affect up to 60,000 individual users who sent KYC information to the company in 2018 and Read More

Singapore’s Stock Exchange Backs New Ethereum Security Token Platform – CoinDesk

CoinDesk

A new trading platform for security tokens has launched with backing from Singapore Exchange (SGX), the country’s public stock market, and technical support from ethereum startup ConsenSys. The 1X platform has gone live Wednesday with its first listing of an Read More