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Bitmain Technologies told about the resumption of plans for the initial public offering of its shares. As informed sources told Bloomberg, the world's largest maker of equipment for cryptocurrency mining came to this decision amid Bitcoin's maximum price per year. The sale of shares is planned to be held in the United States in the second half of this year, for which the company will submit a corresponding application to the US Securities and Exchange Commission in July. According to the agency, in 2018, during a closed attraction of financing, Bitmain was estimated at $15 billion. This year, the company plans to raise funds ranging from 300 to 500 million dollars. Since January of this year, bitcoin has risen in price by more than 164%. On Friday, its price exceeded 9 thousand 800 dollars for the first time in more than 12 months.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
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