Roundup – 26/03/2019 – Bitmain’s IPO Filing Expired – New CEO & more

Bitmain’s IPO Filing Expired – New CEO

Bitmain’s filing for an IPO at the Hong Kong Exchange (HKEX) has expired. The company has announced this on its blog today stating that it “will restart the listing application work at an appropriate time in the future”. However, a future listing will include much stricter regulations. Bitmain confirmed that Jihan Wu and Micree Zhan, the two co-founders of Bitmain, will stay directors of the company. However, Haichao Wang, previously the leading product developer, will take the position of the CEO of the company.

If the company refiles its IPO at the HKEX in the future, it will face even harder requirements than before. If the company would eventually decide to cancel its IPO entirely, Bitmain would have to repay its venture capital investors up to $700 million. Despite the basically bad news, Bitmain tries to show strength. Just yesterday the company announced that it will start to mine with 200,000 AntMiners in the Sichuan Province of China.

Five Million Cryptocurrency Related Ads Blocked by Microsoft Bing

Bing, Microsoft’s search engine, reportedly has blocked approximately five million ads that are in one way or another related to cryptocurrencies. Microsoft took this step in a bid to make the browser safe for all its users. The software giant revealed this in the most recent ad quality year in review 2018.

Read more.

Sweetbridge Blockchain Platform Is Transforming Accountancy Services

Sweetbridge is a Blockchain-based platform that is offering an economic framework for managing logistics and supply chain accounting. The technology offers automation services for eliminating fraud in order to provide transparent data in the industry. According to the CEO and Founder of Sweetbridge, Scott Nelson, the platform is built with an aim of automating corporate audit for not only financial auditing but anything else that has to be verified in the accounting field.

Read more.

Twitch Removes Crypto Payment Option

The world’s most popular streaming platform, Twitch has reportedly removed their crypto payment option. According to a Reddit thread, the streaming service did not anounnce the move, it just “silently removed the option”. Although this is not a serious hit to the crypto space as a whole, it could potentially damage the prestige of cryptocurrencies on streaming services. Twitch has not made a comment about their actions so far and the reasons can be quite hard to understand as well.

Read more.

No, Agustin Carstens, Competition Is Good For Our Monetary System

Agustin Carstens, general manager of the Bank for International Settlements (BIS), stated that he is an adversary of a Central Bank Digital Currency (CBDC). Carstens is also infamous for being a strong opponent of the issuance and adoption of cryptocurrencies. However, against the latter, he argues that cryptocurrencies should not be issued by private entities.

A commentary.