$18 Billion Bitmain IPO Will Initiate FOMO

One of the largest crypto conglomerate in the world will soon conduct what many believe will be one of the largest initial public offering (IPO) in history that can be liken to VISA and Facebook.

The company back in July touted its plan to initiate an IPO valued at $15 billion while investing in Circle and leading internet browser Opera.

In addition to this it has revealed plans of entering the venture and investment sector.

It has reached $18 Billion valuation when it secured a $1 Billion funding round by two of the most influential companies in the global technology market, Tencent and Softbank.

Contributing to the hype of this IPO is its exponential increase in revenues in which Bitmain recorded a revenue of $2.5 billion in 2017 which it increase four-fold to $10 billion in 2018.

Over 1M Trades In BitMex For The 2nd Time

Despite the overly bearish market condition BItMex has seen another record breaking trading day.

The trading volume was so high that it broke the previous one-million-BTC barrier it had set in the past for a 24-hour trading volume.

Bitmex CEO, Arthur Hayes believes that this could be attributed to their offering a significant amount of derivatives instruments based on cryptocurrencies.

Such a feat is amazing in itself but what made it more interesting is that it happened during a time when Bitcoin’s price was collapsing under its own weight, decreasing in value in rapid succession falling from $7100 to as low as $6227 according to CoinMarketCap’s statistics.

Gubernatorial Candidate Wants To Bring Blockchain To Colorado

U.S. Representative Jared Polis a democrat from the state of Colorado is running for governor and is said to have been adding a proposal about blockchain adoption and use in his political platform.

It seems that a growing number of candidates in the United States has been including technological concerns as part of their campaigns, Congressman Jared is no different.

He is said to have been a defender of cryptocurrencies in the halls of Congress as well as outside capitol hill.

The congressman has supported regulations that required federal employees to disclose their digital assets and said to have defended Bitcoin when Senator Joe Manchin in 2014 when I called for a Bitcoin ban.

Every Portfolio Should Include Crypto According To Yale Economist

A professor who teaches economics in a prestigious IVY league university in the United States has said that every investor who believes Bitcoin can perform as well as it did in 2017, should invest at least six percent of their holdings in crypto.

Aleh Tsyvinski, a Yale professor reveals that if Bitcoin performs as good as last year they should hold at least 6% in their portfolio.

If an investor believes that it would do half as good one should hold 4%.

If one thinks that BTC will perform worse than last year then, he/she should still hold %1 of Bitcoin.

A similar strategy is being employed by billionaires like Marc Lasry has revealed that he has invested about 1% of his total wealth to cryptocurrencies. Like Bitcoin and Ether.

Tron Foundation Acquires Blockchain.org

The Tron Foundation has recently revealed in August 10, 2018 that it had successfully acquired the Blockchain.org domain name.

Justin Sun, the founder of Tron believes that blockchain.org will be a one stop-shop aggregated data, search engine platform that will help the growth of blockchain industry.

By collecting big data the Tron project will be able to get a better understanding of the needs and wants of the community as well as what general blockchain ecosystem presently or may require in the near future.

Blockchain.org is said to continually analyze the needs of the blockchain ecosystem and offer viable solutions.

The three factors that is key to enable Tron to effectively analyze big data includes its volume, speed and type.

Headlines for the world of Cryptocurrencies - August 12, 2018 IBM And Maersk Launches TradeLens / 50% Americans Willing To Try Out Bitcoin According To New Survey / Facebook Interest In Blockchain Gaining Traction / Bitcoin Premium In Brazil / Bitmain Eyeing $18 Billion IPO
Headlines for the world of Cryptocurrencies - August 11, 2018 World Bank Mandates Bank Of Australia To Issue Blockchain-Powered Bond / A Study Reveals Google Search Can Predict Bitcoin Price Increases / Binance’s Decentralized Crypto Exchange / First Litecoin Blockchain-Based Crypto Game / First Litecoin Blockchain-Based Crypto Game
Headlines for the world of Cryptocurrencies - August 10, 2018 Brian Kelly: Selling Due To ETF Delay Is A Mistake / Ethereum Proof-Of-Authority Algorithm On Azure / Patent For Processing Bitcoin Payments Via SMS / Thai SEC: Growth In ICO and Digital Assets Operations Licenses / Philippines Wants To Be The Crypto Valley Of Asia