Canaan Creative Is Looking to Get Itself Listed on the Nasdaq

Canaan Creative – the second-largest developer and distributor of bitcoin mining equipment – has filed for a public listing on the Nasdaq. The company is hosting a $400 million initial public offering (IPO) to potentially pay off debts and fund both blockchain artificial intelligence (AI) research.
Canaan Creative Is Rushing to the Goal
Canaan is among the largest companies developing bitcoin miners, and is second only to Bitmain, which like Canaan, is stationed in China. As it stands, both companies stand to miss out granted China ever decides to implement the bitcoin mining ban it’s been discussing for so long.
However, as it stands, no steps have been taken towards such a ban, and both companies can operate as planned without interruption. Perhaps China is a little worried about losing billions in state revenue from these companies and is thus a little hesitant to say no to mining outright.
Either way, should the ban ever be implemented fully, both enterprises would probably be required to shut their doors completely or relocate to a neighboring region. Several once Asian-based crypto companies have done so, such as Binance.
As the world’s largest and most popular cryptocurrency exchange, Binance has since relocated from Asia to Malta in Europe due to the country’s willingness to accept blockchain startups, and for its easy-going regulatory tactics towards crypto.
This is Canaan’s third attempt to potentially try and host an IPO. Prior attempts occurred in China and have either failed to appease regulators or did not generate enough interest from investors. This third attempt, granted it’s given the greenlight, would see Canaan Creative listed on the Nasdaq.
The application for the listing comes at a very interesting time. Days ago, Chinese president Xi Jinping commented that blockchain has the power to stabilize China’s infrastructure and that he plans to push blockchain research and development to the front lines.
In addition, news arrived yesterday stating that Bitmain’s co-founder Micree Zhan was no longer with the company, and that he had been replaced by former CEO Jihan Wu as the company’s primary representative. With all the turmoil of corporate politics smacking Bitmain in the face, this could be a great opportunity for Canaan Creative to take some form of lead.
It’s in a Great Position
Either way, it looks like Canaan is also in a solid position considering the bullish behavior being exhibited by bitcoin and its altcoin cousins as of late. Yesterday, bitcoin struck the $9,400 mark after wallowing in the mid-$7,000 range last week, while bitcoin cash (BCH) is trading for as high as $287 at press time. Perhaps interest in crypto is spiking again, which could potentially do wonders for Canaan from an investor standpoint.
Around since 2013, Canaan Creative is supported by leading financial institutions such as China Renaissance, Credit Suisse and Citigroup.
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Kim Dotcom Offers 10% of K.im Bitcoin Fees to Julian Assange Ahead of $8M IEO

Coinspeaker Kim Dotcom Offers 10% of K.im Bitcoin Fees to Julian Assange Ahead of $8M IEOEntrepreneur and Bitcoin entrepreneur Kim Dotcom said his newly founded company K.im is supporting WikiLeaks founder, Julian Assange. Yesterday we reported about how K.im was created in order to merge internet with the Bitcoin so there could be a platform that allows artists, content creators and digital businesses to sell their content and digital goods without censorship, outside of monopolies and, what’s most important – without the middleman.In a tweet on the same day, Dotcom said 10% of K.im’s transaction fees were going towards helping Assange’s ongoing legal battle.He tweeted:https://t.co/UGWsYPTg4Z supports @Wikileaks and Julian Assange by committing 10% of our transaction fee income to Wikileaks and Julian’s legal team. This may provide sufficient Bitcoin for his defense and enable Wikileaks to increase its truth-telling capabilities. Stay strong!— Kim Dotcom (@KimDotcom) October 29, 2019Dotcom also said:“This may provide sufficient Bitcoin for his defense and enable Wikileaks to increase its truth-telling capabilities. Stay strong!”Assange is facing the possible extradition to the United States on charges of reportedly trying to break into a Pentagon computer. His potential jail time amounts to 175 years, meaning literally the death sentence. Last week, a judge in London denied his attempt to delay his U.S. extradition case.Assange’s lawyers had asked for more time “to gather evidence” but District Judge Vanessa Baraitser denied the appeal ruling out that a full hearing will begin in February next year.He was jailed for 50 weeks in May for not obliging his bail conditions after he went into hiding in the Ecuadorian Embassy in London for nearly seven years so he could run away from extradition to Sweden over sex offense allegations – which he has denied.After Assange was denied delaying extradition, Dotcom called the treatment of Julian Assange “speaks volumes about the rotten character of the intelligence community (deep state).”WikiLeaks already accepts donations in multiple cryptocurrencies. Until today, its Bitcoin wallets have gathered in excess of 4,000 BTC ($37 million).Assange was always fond of Bitcoin and not just that, back in 2017 he admitted heavily investing in the cryptocurrency.He then wrote:“My deepest thanks to the U.S. government, Senator McCain, and Senator Lieberman for pushing Visa, MasterCard, Paypal, AmEx, Moneybookers, et al, into erecting an illegal banking blockade against @WikiLeaks starting in 2010. It caused us to invest in Bitcoin—with > 50,000% returns.”He also called Bitcoin “the most intellectually interesting development in the last two years” and added that the next important innovation in the financial sector will involve Bitcoin.The planned fundraising goal for WikiLeaks is currently set at $8 million, with verified investors able to contribute a maximum of $50,000 each. Holders of Bitfinex’s in-house token, UNUS SED LEO, will have the possibility to double their contribution.In other news, North Queensland politician George Christensen is fighting to bring Julian Assange home and will seek the British Government’s permission to meet with him before his full extradition hearing next year. He said WikiLeaks did everything in the public interest when it revealed classified information, including diplomatic cables leaked by US intelligence analyst Chelsea Manning back in 2010.“He has published information that may have been sensitive in the United States, but he wasn’t in the United States when he published it, nor is he a citizen of the United States. What I’d like to know is whether poor treatment may have affected his poor state of health and [how] the circumstances of his jailing have impacted on that,” said he.Kim Dotcom Offers 10% of K.im Bitcoin Fees to Julian Assange Ahead of $8M IEO

Deutsche Bank Suffers a 832 Million Euro Setback amid Ongoing Restructuring

Coinspeaker Deutsche Bank Suffers a 832 Million Euro Setback amid Ongoing RestructuringDeutsche Bank has embarked on a comprehensive restructuring plan, in a move to revive its failing business, according to reports from earlier this year, but recent events show that its program may not be going as expected. Deutsche Bank took a devastating financial blow which has totally derailed it from its intended market target.Surrounded by an ongoing restructuring plan, the German lender has released its third-quarter report for 2019 on Wednesday, which shows a net loss of 832 million euros ($924 million). Even analyst, who had demonstrated a lack of confidence in the market performance of the bank, was left speechless when the reported loss exceeded their prediction of 778 million euro loss, based on data from Refinitiv. The year 2018 was a more favorable time for the bank as it recorded a net profit of 229 million euros, but the magic touch seems to have been lost since the bank has continued to decline at the speed of light, losing a whopping 3.15 billion euros in this year’s second quarter.Deutsche Bank’s Recent DataA year ago, the German bank had a total net revenue of 6.2 billion euros which dropped to 5.3 billion euros in the third quarter of 2019.The common equity 1 tier ratio was 14% a year ago, and now, it stands at 13.4% in the third quarter.The total non-interest expenses reported by the bank a year ago stood at 5.6 billion euros but has risen to 5.8 billion euros in 2019’s third quarter.Despite the unimpressive performance of the Deutsche Bank so far, its CFO, James von Moltke, stated that the results from the quarter “are entirely in line with our plans. We are executing, I think, well against the strategic changes we announced in the summer.”He went on to add that the bank’s “net loss is a little better than our internal planning and our capital ratio at 13.4% stable quarter-on-quarter demonstrates what we set out.”The genesis of the financial problems pummeling the German lender can be traced back to the global financial crisis of 2008 and the debt crisis that followed the euro area. The bank has come under attack on various fronts such as billion-dollar fines, reduced market share in both investment and commercial banking, management challenges and increased market competition, which has left the financial institution with huge damages.The Financial TurbulenceDeutsche Bank, an active participant in investment banking, saw its portfolio in the sector fall by 5% from one year ago. Its private bank’s net revenue also declined by 3% and its asset management net revenue fell by 4% from one year ago.The bank also named high expenses as another culprit responsible for its woes. The high expenses occurred in its private, corporate and investment banking units, in the areas of technology, controls, and internal services. It isn’t all bad news for Deutsche Bank as the bank’s assets under management surged by 9% from a year ago to record 754 billion euros in the third quarter for its asset management unit.Deutsche Bank’s shares declined by 2% in early European trading hours. From a year ago, its stock price has fallen by about 16%.Down But Not OutAdmitting its sorry state, the management of Deutsche Bank announced earlier this year that a restructuring plan would be put in motion to drag the bank out of the pit of financial backwardness. The bank’s CEO, Christian Sewing, stated that the lending institution would back out from its global equities business, terminate thousands of jobs and scale back investment banking. Deutsche Bank plans to end 18,000 jobs globally by 2022.The job cut seems to be active already as the bank’s total number of employees has dropped by 5% compared to last year, leaving 89,958 employees on its payroll at the end of the 2019’s third quarter.In other news, Deutsche Bank is currently in partnership with Bitmain, acting as its sponsor as the crypto mining manufacturer files for U.S. IPO, albeit covertly, with the SEC.Deutsche Bank Suffers a 832 Million Euro Setback amid Ongoing Restructuring

Big 3 Ruling Cloud Infrastructure Market with Almost $22B Earnings This Quarter

Coinspeaker Big 3 Ruling Cloud Infrastructure Market with Almost $22B Earnings This QuarterThe famous Big 3 – Amazon, Microsoft and Google – went crazy in this earning season with their revenues made through cloud infrastructure reaching almost $22 billion. The rulers of the cloud infrastructure market have driven major societal change via their dominance and role in online activities, unlike other tech giants as is for example IBM. They are ruling the online market through anti-competitive practices, constant-rising financial power, and intellectual property law.Be it as it may, it is pretty hard to really define the right meaning of the cloud numbers because not every company includes the same parts in the cloud revenue category. For example, Google didn’t publish its cloud revenue this quarter, so the information we have is from July this year.It’s also important not to mix cloud infrastructure with ‘software as service (SaaS) revenue. Microsoft, for example, earned its additional money from their SaaS business, but Google combines SaaS and infrastructure into a single number.So let’s start.Amazon Web Services (AWS) Ahead of Other Market PlayersAmazon reported revenue of around $9 billion this month and even though it didn’t exactly meet the projections, it had put it on a run rate of almost $36 billion. Chief Executive Jeff Bezos commented little on the results, but he said the company has been working hard on the upcoming holiday season for prime customers.Microsoft Saw a 59% Cloud Growth FallMicrosoft reported its Intelligent Cloud earnings of approximately $11 billion, and it was awarded the Pentagon’s $10 billion, decade-long JEDI cloud contract. Same as Amazon, Microsoft saw its cloud growth slowing down. It fell to 59% compared with 76% a year ago, but the truth is that it has been growing at so fast pace that is almost impossible to keep track of that high growth rate.John Dinsdale from Synergy Research said that being “at the scale that Azure has achieved and to be still growing at around 60% per year is impressive. Sure, the growth rate is nudging down, but that is entirely to be expected for a business that has rapidly grown.” And, let’s not forget that Intelligent Cloud includes not just Azure, but also the SQL Server, Windows Server, Visual Studio and consulting and support services.Google Growing FastEven though Google has pretty much less market share than the previous two companies (around 8%) it is growing at a fast pace. The company took former Oracle executive Thomas Kurian at the end of last year to help drive growth at the cloud sector.Google CEO Sundar Pichai said in July that the company was on an $8 billion run rate, or $2 billion a quarter. That means the company’s cloud revenue had doubled in 18 months. Still, that number consists of both Google’s infrastructure services and its commercial SaaS tools as is G Suite.“The momentum has been great. Obviously, ever since Thomas has come in, he has continued to invest across the board. He’s definitely focused a lot on scaling up our sales partner and operational teams, and it’s playing out well. In this business, it’s important for you to be in as many deal situations as possible and get those wins, which accrues over time. And so, we are definitely seeing the momentum,” commented Pichai.Big 3 Ruling Cloud Infrastructure Market with Almost $22B Earnings This Quarter

Ted Leonsis: the Economy is “Shadowy” Thanks to BTC

Billionaire Ted Leonsis has made a real name for himself when it comes to sports and gambling. Recently, the mogul took a case to the Supreme Court that resulted in the U.S. relaxing some of its gambling laws. This led to less money flowing into illegal operations and more into legitimate gambling platforms.
Leonsis: Confused About Crypto?
No doubt Leonsis has done wonders for the gambling sector, but he seems to suffer from a viewpoint that many in his position are unable to shake. As we all know, bitcoin and cryptocurrency has opened up several doors to new kinds of online gambling, and while this been very good for the industry in a lot of ways, Leonsis is choosing primarily to associate crypto with the dark web, and unfortunately, he’s not the only one.
The dark web paves the way for criminal activity in the crypto community. Those looking to buy drugs, guns and other illegal paraphernalia typically seek to use crypto make such purchases given that they are allegedly more anonymous than fiat or plastic credit cards. In a recent interview, Leonsis explains:
Let’s take this shadowy economy which is going to explode even more with bitcoin and the dark web and bring it into the light, and if we can do that it will generate more jobs and it will generate tax revenues.
In this sense, Leonsis is potentially missing out on an entirely new side of crypto. For one thing, many people in his position – the Winklevoss Twins, for example – have learned to embrace the technology behind cryptocurrency as a means of steadying whatever infrastructure it’s looking to support, whether it be finance or warehouse supply chains.
Both Cameron and Tyler Winklevoss were potentially among the world’s first bitcoin billionaires in early 2018 following the currency’s explosion to nearly $20,000 in December of 2017. As some of the first investors in the currency, the sudden surge brought their net worth up and placed them on par with people like Leonsis, thereby allowing them to enjoy similar wealth but through digital means.
In addition, the Winklevoss Twins have consistently showed a willingness to remain compliant with present rules and regulations. Their company the Gemini Exchange was among the first to obtain a BitLicense so that it could operate legally in New York.
Blockchain Can Help the Gambling World
Thus, blockchain and bitcoin don’t necessarily have to serve as the underlying supporters of dark web activity. It’s simply a matter of utilizing them properly. Perhaps if Leonsis were more open to the notion of blockchain appropriately serving the gambling industry, he might realize just how legitimate blockchain-based betting could be.
Imagine ensuring all bets are valid by having them recorded permanently on a digital ledger. Now that’s legitimacy for you.
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Price Analysis October 30: BTC, ETH, LTC, EOS, BCH

Coinspeaker Price Analysis October 30: BTC, ETH, LTC, EOS, BCHBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.The buyers managed to demonstrate a good bounce upwards. Currently, such assets as the Bitcoin or Bitcoin Cash promise interesting growth. While on the BCH/USD chart there seems to be a reversal Head and Shoulders pattern forming, hinting on further growth, the Bitcoin is yet preparing for leaving the borders of the channel and go on rising confidently.Unfortunately, the Ethereum, Litecoin, and EOS remain under pressure. There are some signals of descending on their D1 charts. However, if the bulls manage to break through the nearest resistance levels, these assets will be ready to switch to sustained growth as well.BitcoinThe quotations have demonstrated an aggressive bounce off the support line. However, currently, the price is testing the resistance line, looking like a descending trendline, near $9800. To fully continue the growth, the buyers must push the price even higher. A breakaway of the descending trendline on the RSI will be a good indicator of further growth. In most cases, the quotations return to the broken line and then keep growing. As the main trading idea, we can accept an insignificant correction to $7700, after which a bounce and growth should follow. The scenario may no longer be valid if the quotations fall below $6875, which will mean a breakaway of the lower border of the channel and further decline.Photo: Roboforex / TradingViewOn H4, the quotations have managed to escape the short-term descending channel. This might be the first sign of an upcoming reversal of the current downward correction. However, the end of falling will only be confirmed by strong growth and securing above $10995, which will mean an escape from the descending channel. In this case, the aim will be near $12405. The RSI values have pushed off the resistance line again, so we should expect a decline and a test of the broken border of the channel. After the decline, we can start speaking about growth aiming at $10995.Photo: Roboforex / TradingViewEthereumThe buyers have also managed to keep the Ethereum quotations in the support area around $147.35. Currently, the price has again returned to the area between the Moving Averages, which may provoke an attempt to decline further. Such a scenario is confirmed by a bounce off the descending resistance line on the RSI. As the main idea, we should expect a bounce off the lower border of the ascending channel and further falling with the first aim at $147.35. If it is broken through, the quotations might continue declining to $100.20. The negative scenario may no longer be valid in case the MAs are broken away and ETH/USD secures above $239.75. If so, we might expect growth to $280.60.Photo: Roboforex / TradingViewOn H4, the quotations are squeezed inside a descending channel. The RSI values are testing the resistance line again, so we should expect a bounce and a decline to $150.30. This scenario might be confirmed by a test of the upper border of the descending channel. The forecast might be canceled is the quotations break the resistance line away and secure above $202.55, which will mean an escape from the descending channel. In this case, the growth will be aiming at $239.75.Photo: Roboforex / TradingViewLitecoinOn D1, the RSI values are testing the resistance line. It is too early to speak about a reversal: there is still pressure from the sellers. The MAs also point at a bearish trend. There is a risk we will see a bounce off the resistance line and another attempt to fall to $41.75. The scenario, negative for the bulls, might be canceled in the case of strong growth above $79.05, which will mean the quotations have returned inside the ascending channel and will keep growing to the first aim at $107.80.Photo: Roboforex / TradingViewOn the smaller timeframes, the Litecoin is testing the upper border of the descending channel. As we can see, the price is bouncing off $64.15. The RSI values have also tested the resistance line. As the main scenario, we should expect a decline to $41.75. The scenario may no longer be valid if the upper border of the descending channel is broken away. In this case, the price should grow to $79.05.Photo: Roboforex / TradingViewEOSThe buyers are trying to reverse the situation for growth. However, here as well the RSI values are testing the resistance line on D1. Earlier, we saw a bounce off it, so while the quotations are below it, we should expect a decline. The nearest aim of the decline might be at $2.06, and if it is broken through, the quotations might proceed to $1.45. This scenario may be canceled by strong growth of the EOS and securing above $4.29, which will also provoke a breakaway of the resistance line on the RSI. If so, the aim of the growth might be at $5.35.Photo: Roboforex / TradingViewOn smaller timeframes, the quotations have pushed off the upper border of the descending channel. If the bears manage to press harder, the cryptocurrency might fall to $2.06 and $1.45. This scenario is also confirmed by a test of the resistance line on the RSI. It should be confirmed by securing below $2.97. The scenario might be canceled by a breakaway of the upper border of the descending channel. In this case, the aims of growth will be at $4.29 and $5.35.Photo: Roboforex / TradingViewBitcoin CashOn D1, the buyers have managed to break through the descending trendline. The RSI values have also secured above the resistance line. These signals mean potential growth with the first aim at $355.00. A breakaway of this level should push the quotations to $457.10. However, an insignificant correction, testing the broken trendline on the RSI, should not be excluded either. The aim of the correction may be at $245.00. The scenario of growth may no longer be valid in the case of a decline below the local minimum and securing under $200.00. In this situation, the price might decline to $165.45.Photo: Roboforex / TradingViewOn H4, the quotations have also secured above the short-term descending channel. The appearance of an inverted Head and Shoulders pattern should not be excluded. As we may see, it will be enough for the price to fall to $245.00, and the right shoulder will be complete, followed by strong growth. If the price secure above $335.20, it might be a good signal of further growth. The scenario may no longer be valid if the quotations fall below the support level and trading closes under $199.10, in which case further decline might follow.Photo: Roboforex / TradingViewPrice Analysis October 30: BTC, ETH, LTC, EOS, BCH

Walmart and Green Dot Cooperate to Build Fintech Accelerator

Coinspeaker Walmart and Green Dot Cooperate to Build Fintech AcceleratorIn what seems like a match made in heaven retail giant Walmart and financial services company Green Dot have both decided to extend their partnership beyond the Walmart MoneyCard Program and to build an accelerator that will enable fintech startups to thrive.The retail giant disclosed this yesterday and indicated that the focus of the accelerator would be towards retail products that would in their own words “sit at the intersection of retail…shopping and consumer financial services,”.The accelerator is called Tailfin Labs LLC which refers to fintech and retail. The accelerator’s primary aim is to encourage fintech startups to be able to develop products and services that solve the many problems that both companies in the retail industry and shoppers also face as well.The great thing about this opportunity is that both parties involved in Tailfin Labs have great success stories in their sectors of business. Green Dot, for instance, has been able to create financial solutions for consumers who don’t wish to use traditional banking services due to one reason or the other. Walmart, on the other hand, has been able to single-handedly redefine retailing for more than fifty years.It also appears that the products and services which will be developed by the startups will most likely be deployed on Greendot’s Software-as-a-service platform (SAAS). This, of course, will allow for easy entry into the market place in a rapidly changing industry of which time is of the essence.This also allows for faster inclusion into the fintech industry as any product coming with Green Dot’s seal of approval is expected to be of the world-class quality. Steve Serit who is the founder and CEO of Green Dot said in a statement:“Green Dot is extremely proud and honored to both extend our MoneyCard partnership for many years and to additionally enter into an entirely new equity partnership with Walmart in the creation of a fintech accelerator.” “We believe the combination of Walmart’s unmatched retail ecosystem with Green Dot’s innovative and highly flexible BaaS platform, which enables the world’s largest technology and consumer brands to address their consumers with bespoke financial products and services, has the opportunity to create and bring to market many new and exciting innovations over the years to come,” continued he.This, of course, indicates the kind of innovations that are occurring in the fintech space today. Green Dot and Walmart entered a formal working and business relationship over one decade ago in 2006 when they created the Walmart Money Card which functions just like a bank account and is even insured by the US FDIC. The MoneyCard also comes with great features such as cashback rewards, direct rewards, online bill payments and so on.While it may look like just a blip on the screen, the inclusion of one of the biggest retailers in the world in the fintech solutions development process indicates that fintech is the big industry of the next decade.Walmart and Green Dot Cooperate to Build Fintech Accelerator

DAI and USDT to Lead the Way for Stablecoin Adoption

Coinspeaker DAI and USDT to Lead the Way for Stablecoin AdoptionThe cryptocurrency sector is largely an exciting one and there are always new events every day, which shows that there are growth and development being recorded. While crypto adoption is improving, there is a lot more focus on increasing the use cases for Bitcoin (BTC) than most of the others. However now, stablecoins including DAI and Tether’s USDT, are starting to game some traction with traditional institutions for everyday use cases.DAI AdoptionAccording to reports, the DAI stablecoin can now be used pretty much anywhere cards from payment giant Visa are accepted. This is as a result of efforts from 2Gether Global, a collaborative financial service which recently included support for DAI on its platform. Now, all of 2Gether’s users can use their cards to transact free of charge with the DAI, just as easily as they would with fiat. 2Gether claimed:“The addition of Dai to 2Gether’s crypto catalog offers the possibility of operating with a cryptocurrency that’s both decentralized and stable at the same time.”In addition, the 2Gether platform will now also give its customers the opportunity to use the DAI to transact about 13 other digital currencies, buying and selling without any charges. Users will also be able to send DAI to and from external addresses.USDT’s Way in E-CommerceTether currently has plans to increase as much as possible, the adoption of its USDT and it plans to do this through several e-commerce organizations. Tether and Bitfinex Chief Technical Officer, Paolo Ardoino, has said that this will not only increase use cases for stablecoins, but is also a lot more efficient, because it is significantly faster than all other traditional payment methods. Ardoino has also added that businesses that use stablecoins have a better chance of survival because it’s a lot more stable than other popular digital currencies.“Merchants need to have a stablecoin in order to protect their business from the volatility of other crypto assets such as Bitcoin. Tether is being widely used by merchants and e-commerce outfits but as this is a new trend, we are still collecting and evaluating the data,” said he.Already, more than a few analysts have suggested that in recent times, the USDT’s popularity has spiked and could potentially catch up with bigger assets like Ether (ETH) and BTC. However, there’s the ever-present chance that this popularity could very easily be nipped in the bud, by regulations not just in the United States, but elsewhere.At the moment, the U.S. Congress has received a bill from Sylvia Garcia representing Texas’29th congressional district, dubbed the “Stablecoins are Securities Act of 2019”. The purpose of this bill is to largely regulate stablecoins and if successful, all stablecoins would be officially categorized as securities.In the same vein, the German government wants  the adoption of stablecoins to be discouraged because as an alternative to fiat, it could “call into question the existing monetary system.”DAI and USDT to Lead the Way for Stablecoin Adoption

Bitmain Files Secret IPO Application with Deutsche Bank as Sponsor

Coinspeaker Bitmain Files Secret IPO Application with Deutsche Bank as SponsorEven though there’s currently no official word from the company, it has been reported that China’s Bitmain Technologies – one of the largest crypto mining manufacturers in the world – has secretly made an official application with the United States Securities and Exchange Commission (SEC), to float an initial public offering (IPO). The move is also said to be fully backed by a German multinational financial services company, Deutsche Bank which has recently published its profit loss.Because it is supposedly a secret filing, there aren’t a lot of details about the filing and no one is sure of the proposed date or even how much Bitmain is hoping to raise from the IPO. However, this isn’t the first time Bitmain has been reported to be considering going public in the U.S. Back in June, Bloomberg reported that the company had plans to go public “as soon as the second half of this year.” At the time, the company was said to be looking to raise funds anywhere from $300-$500 million in its IPO. Those stories also went largely unconfirmed by the mining giant.It has also reported that a former Nasdaq China rep, Zheng Hua, has joined the Bitmain team, to handle consultations and do everything possible to increase its chances of approval by the SEC.Back in September last year, Bitmain tried its hands on the Hong Kong Stock Exchange (HKEX) and made an application to go public there. At the time, it was looking to raise about $3 billion. But it didn’t happen. The company officially announced a few months ago in March, that the application reached its 6-month limit and expired.Also in March, Jihan Wu and Micree Zhan, two Bitmain Technologies co-founders, jointly relinquished their positions as co-CEOs, a role which was taken over by Wang Haichao. At the time, it was announced that the two would remain as directors and still lead, as well as contribute to the company’s development.However, in a shocking turn of events, Zhan has been forced out of the company, supposedly by fellow co-founder Jihan Wu. Even though Zhan has about 60% control, Wu has put a definite end to all of Zhan’s responsibilities, deleted his official e-mail and even prevented him from accessing the company’s physical premises. It was also reported that the company’s HR department has been completely overhauled and replaced with new people recruited by Wu.Last week, Coinspeaker reported that Bitmain has launched a 50MW crypto mining facility in Texas, a facility expandable to 300MW which would make it the largest in the world.Canaan Creative, the second-largest mining manufacturer in China, has also applied to the SEC, for an IPO. Just like Bitmain, Canaan also made an application to go public on the HKEX, which expired back in November. According to a publication from the SEC, Canaan filed on October 28 and hopes to raise $400 million. The company also wants to trade on the Nasdaq Stock Exchange.Bitmain Files Secret IPO Application with Deutsche Bank as Sponsor

HBO Max to Launch in May 2020 and Cost $14.99 a Month

Coinspeaker HBO Max to Launch in May 2020 and Cost $14.99 a MonthAs next year heats up with television streaming becoming one of the key areas of intense competition in the technology and entertainment world, AT&T’s WarnerMedia has indicated that its new streaming service will fall 1 cent below $15 at $14.99 monthly of which it expects users of the service to be more than satisfied with the pricing.WarnerMedia CEO John Stankey at a corporate event in California on Tuesday indicated the media arm’s willingness to commit to the project to the fullest. “We’re all in”, said he.In a market that already has heavyweights such as Netflix, Hulu, Amazon, and the incoming Peacock and Disney+, it seems that even HBO Max will also have to contend with the aforementioned services who are already offering great content but at a price which is still below the $14.99 price tag.However, considering the massive library of content that WarnerMedia has and the success of series such as the recently concluded Game of Thrones, the timeless sitcom friends among others, it might just be that the HBO offerings are worth every cent.Sources indicate that HBO Max intends to start with about 10,000 hours of content which is a bit less than most of the competition in the market place but it is believed that over time the value of the content will be obvious to subscribers of the service.This, however, doesn’t mean that great things aren’t in the works for the service. Warner Media has already indicated that it will spend about $4 billion over the next three years in bolstering the service.The organization also expects the incoming revenue from subscriptions, ads, and content to hit $5 Billion within the next five years from the inception of its operations (2025). In terms of content, the Service will also offer 50 HBO originals one year from launch with the likes of “Joker” and other characters from the DC Comics library. Adult comedy cartoon South Park will also be available with 23 seasons coming on the service and the three new ones too twenty-four hours after debuting on comedy central.HBO also plans to offer an ad-supported version of the service in 2021 and WarnerMedia’s CEO John Stankey is projecting to have 75-90 million subscribers by 2025. Even though such ambitions are great, the rise of faster internet speeds and the presence of heavyweights such as Netflix with its 160 Million customers and others present a challenge that only titans who will stand out in terms of the content may even win. This is because the streaming market suddenly came to light and everyone now wants a piece of the pie that Netflix, Hulu and some of the early starters were cooking before now. This is not a bad thing however as ьedia aggregation and convergence are now a living reality as compared to a decade ago.HBO Max to Launch in May 2020 and Cost $14.99 a Month