By Osato Avan Nomayo, INX has reportedly raised $125 million from investors to build a fully regulated trading platform for crypto and security tokens. INX Limited has completed the first-ever Securities and Exchange Commission-approved token sale event via an initial public offering. According to a release issued by the company, the blockchain trading platform raised $85 million[…]
By Turner Wright, Brian Armstrong previously said companies “with great intentions can sometimes end up creating division and unwelcoming environments internally” by getting involved in politics. The crypto exchange, whose CEO has previously dissuaded employees from expressing political views, started its initial public offering off with a message referencing U.S. President Joe Biden’s stimulus package.[…]
By Helen Partz, Jakarta-based Tokocrypto received an undisclosed investment from Binance in May 2020. Jakarta-based crypto exchange Tokocrypto is considering a public market debut over the next two or three years, Nikkei reported on Wednesday. “I’m saying two years because we need to be profitable for at least more than two years before listing. We are already profitable[…]
By Helen Partz, Stockholm-based crypto brokerage Safello saw its IPO oversubscribed by nearly $60 million, or 1,240% from the planned $5 million. Safello, a Stockholm-based cryptocurrency brokerage, is seeing massive demand from investors for its upcoming initial public offering on the Nasdaq First North Growth Market. The company said Wednesday that its planned IPO was[…]
By Turner Wright, The U.S. Financial Industry Regulatory Authority delivered its biggest financial penalty against the trading app on Wednesday, and Robinhood still reportedly faces scrutiny from the SEC regarding its business practices. Stock and cryptocurrency trading app Robinhood has filed an application with the U.S. Securities and Exchange Commission for an initial public offering.[…]
By BRIAN NEWAR, Despite a failed $100-million funding round leading to the resignation of Binance US CEO Brian Brooks, the exchange still has its sights set on launching an IPO. Regulatory concerns surrounding Binance US have reportedly culminated in investors backing out of a $100-million funding round. The failed funding round also prompted Binance US[…]
By Ed Drake, Chinese block reward miner manufacturer MicroBT is preparing for an imminent initial public offering (IPO) that could see the firm debut on the Nasdaq over the coming weeks, according to sources close to the company. The manufacturer, which is responsible for the Whatsminer, is the world’s second largest mining hardware company after Bitmain. Its debut on[…]
By Steve Kaaru, Argo Blockchain PLC (LSE: ARB), a London-listed BTC block reward miner has filed for a secondary listing in the United States. The company plans to list its American Depository Shares on the Nasdaq Global Market and will channel a chunk of the funds raised to diversify its products. The company announced that it had filed[…]
By Ed Drake, An Australian company that invests in block reward mining facilities powered by green energy has doubled its latest projected funding round, the second major funding drive pre-initial public offering (IPO). Iris Energy has raised its funding round target to AU$40 million, equivalent to US$31 million, up from an original target of AU$20 million. The move comes[…]
By Tyler Durden, Coinbase, one of the biggest and most established cryptocurrency exchanges in the world, has filed to go public via a direct listing in the US. The listing – which has been described as a “break-through moment” for the industry – will see shares of Coinbase trade on the Nasdaq following a direct listing. The[…]