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

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Canaan Might File Its IPO in New York

Canaan, one of the three largest crypto mining hardware producers, is reportedly considering 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 IPOs at HKEX in the future. However, all three companies struggle to maintain a balanced budget.

Litecoin Lightning Network Is Showing Signs Of Growth

Date
from the IML –
Litecoin Lightning Network Search Engine Analysis – 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
a break-to-a-bull cycle two to a high likelihood of LTC purchase
demand surge in relation to selloffs.

Read more.

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. By the team of
experts who are highly trained and conversant with blockchain network
and platform.

Read more.

Third Global Challenge Blockchain 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 Center. Teams that pass preliminary stages of the challenge to allow all participants to polish their skills and showcase their Blockchain innovations to the world. The Future Accelerator (DFA). It is part of the wider plan for the resource-rich emirate to establish itself as the international center for Blockchain technology.

Read more.

Hong Kong Based Coinflex Offers Crypto Futures

Coinflex, an invest based company 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 if they are short and Bitcoin if they are long. Coinflex said they chose Tether to settle its contracts as Tether is still the stablecoin with the highest liquidity.

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