Roundup – 08/01/2019 – Canaan Might File Its IPO in New York & more

Canaan Might File Its IPO in New York

Canaan, one of the three largest crypto mining hardware producers, is reportedly considering to file its IPO at Wall Street. According to Bloomberg, the plan is still vague but the Hong Kong based company considers the step as the Hong Kong Exchange (HKEX) has not approved its IPO last year. Canaan’s competitors Bitmain and Ebang still intend to start their IPO at HKEX in the future. However, all three companies struggle to maintain a balanced budget due to the recent and possibly still on-going bear market.

Litecoin Lightning Network Is Showing Signs Of Growth

Data from the IML – Litecoin Lightning Network Search Analysis Engine – shows that the network is registering steady growth. The latest figures show that the platform has 102 nodes. This means that there are more users on the Litecoin network and many are connecting the blocks and completing on-platform transactions.

This is an indication to Litecoin (LTC) investors that the Token is about to breakout to a bull cycle due to a high likelihood of LTC purchase demand surge in relation to selloffs.

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Coinbase Removes Ethereum Classic after Attack

Coinbase is the largest and most popular cryptocurrency exchange platform in the world today. One of the highlights of this platform is the robust security features that ensure every trader benefits fully from their digital assets. The system is monitored round the clock by a team of experts who are highly trained and conversant with blockchain network and platform.

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Third Global Blockchain Challenge To Take Place In Dubai

Smart Dubai, an initiative of the Dubai Future Foundation (DFF), is set to convene the Global Blockchain Challenge on April 2nd to 3rd 2019. This event will take place at the Dubai World Trade Centre. Teams that pass preliminary stages of the challenge will have ample time to rehearse ahead of the summit to allow all participants to polish their skills and showcase their Blockchain innovations to the world. The challenge is being organized in close collaboration to the Dubai Future Accelerator (DFA). It is part of the wider plan by the resource-rich emirate to establish itself as the international center for Blockchain technology.

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Hong Kong Based Coinflex Offers Crypto Futures

Coinflex, an invest company based in Hong Kong, will offer cryptocurrency futures in Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH). The leverage will be up to twentyfold. The contracts are pegged against Tether (USDT) which means that the contractors will receive Tether if they are short and Bitcoin if they are long. Coinflex stated that they chose Tether to settle its contracts as Tether is still the stablecoin with the highest liquidity.