Bitmain – What’s Happening to the Billion Dollar IPO?

Bitmain – What’s Happening to the Billion Dollar IPO?

For the first three quarters of 2018, investors and analysts speculated about when, then if, Bitmain would go public. During a pre-IPO private fund raising, reports leaked out that Bitmain was valuing itself at $15 billion or maybe even $18 billion. During the third quarter bitcoin, which drives industry development, traded at around $6,500, shooting up briefly to the $8,000 range.

Those summer 2018 bitcoin prices were $3,000 higher than current ones. Is it any surprise that Bitmain’s IPO may not launch after all?

Patrick H. Arbor

Patrick H. Arbor

A Cook County judge rejected Pat Arbor’s latest plea for release, keeping the 81-year-old Arbor in jail for more than 130 days and counting. Arbor was jailed on a contempt of court charge arising from his failure to pay his ex-wife $18 million in a divorce judgment. 

Seed CX

Seed CX

Seed CX put in a policy last year – apparently one of the industry’s strictest – prohibiting its employees from trading cryptocurrencies, Coindesk reported. The policy was put in place to prevent the company’s employees from engaging in what...
Richard Berliand

Richard Berliand

Richard Berliand was named chairman of TP ICAP starting in May of 2019, taking over from Rupert Robson after the group’s annual shareholder meeting that year. Berliand’s appointment is the latest in an overhaul of most senior roles at TP in the last six months in the...
Ethereum

Ethereum

“Is Ethereum a security?” The U.S. Commodity Futures Trading Commission (CFTC) is asking for public feedback to help them understand how Ethereum and Ether are similar to, or different from, bitcoin.
Robert Cox

Robert Cox

Robert Cox was a vice president in the financial markets group of the Federal Reserve Bank of Chicago and served for many years as a director of the Futures Industry Association. He passed away on December 7 after a brief illness.
Citadel Investment Group, LLC

Citadel Investment Group, LLC

Citadel Securities and fellow broker-dealers Natixis Securities and MUFG Securities have been fined a combined $6 million by the U.S. Securities and Exchange Commission (SEC) for submitting numerous incomplete and inaccurate blue sheet data over a period of several...
ICE Clear Credit

ICE Clear Credit

On December 7, 2018, ICE Clear Credit received clearing house status from the Monetary Authority of Singapore (MAS), making it the first global CDS clearing house to be recognized in that country. The move means ICE Clear Credit can now have clearing members from...

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