Canaan Mining May Settle for Modest $100M IPO

Canaan Mining’s IPO in New York may raise only $100 million, at least based on recent edits to the prospectus. The company will aim to list on NASDAQ and become the first Chinese mining equipment producer to trade as a…

Telegram Denies Almost Everything in Latest Court Response

Telegram finally responds to the US SEC’s complaint about its ICO, which the US regulator believes to be illegal by denying all allegations. Telegram, a company behind one of the most popular messaging apps by the same name, became a…

China Clarifies Digital Currency Launch Rumors but Barely Kills the Hype

The People’s Bank of China addresses rumors about its digital currency launching in Q1 2020. Speculations mount about the government-backed cryptocurrency. A few details are known about the upcoming digital renminbi. The People’s Bank of China has made an official…

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Canadian Stablecoin CUSD Officially Launched by BVCI

A stablecoin pegged to the US dollar, but aimed at the Canadian market, has been officially launched by Blockchain Venture Capital, Inc. CUSD Combines US Dollar Backing with Canadian Demand CUSD is the newest fiat-based stablecoin backed by the greenback,…

Blockchain Spending in China to Exceed $2 Billion by 2023

China’s blockchain spending is expected to see rapid growth in the next three years and exceed the $2 billion figure by the end of 2023, according to a report carried out by market intelligence firm IDC. IDC Data Confirms China’s…

Andreessen Horowitz Launches Crypto Startup School

Andreessen Horowitz is once again expanding its involvement in the crypto scene. The Silicon Valley VC firm is launching a free startup school for cryptocurrency and blockchain entrepreneurs. Silicon Valley Firm Expands Crypto Involvement The company announced the launch of…

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