The largest shareholder of Uber will not invest in pre-IPO Bitmain. What's wrong?

Date:

2018-08-20 22:30:05

Views:

3218

Rating:

1Like 0Dislike

Share:

The largest shareholder of Uber will not invest in pre-IPO Bitmain. What's wrong? Source:

In early August, the sources of attracting investment from Bitmain Uber, Softbank and Tencent in the pre IPO on the Hong Kong stock exchange. The investment amount was not disclosed. It was reported that as a result of the valuation of the company rose to $ 15 billion.

Now the representative of the Softbank denied the information about investing in Bitmain and distributed in mass media information called about. About it writes .

How is Bitmain?

About the participation of Softbank and Tencent in the pre-ICO Bitmain edition QQ reported, citing a source at the time of publication notes on 9 August, none of the parties has not confirmed the fact of participation in the transaction. In Softbank responded to the request Cointelegraph.

Neither SoftBank Corp. or SoftBank Vision Fund (core investment Fund holding — approx. editor) did not participate in pre-ICO.

Representatives from Bitmain and Tencent has not confirmed nor denied the deal.

I Think it's not the best news for Bitmain — if potential investors are disingenuous. If the investment round is not really there, and the rating of the equipment manufacturer for mining remained at the level of 12 billion dollars, the company will be extremely difficult to achieve the goal of growth in market cap to 30 billion dollars during the ICO.

In late July, it was reported that Bitmain has earned nearly a billion dollars in net profit for the first quarter of 2018. During the same period, the company closed a financing round of series B in the amount of us $ 300-400 million, increasing its valuation to $ 12 billion.

Anyway, money for new miners enough. Waiting for them to release in the near future. And read until 2018.

Recommended

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Rally Bitcoin — deception. Well-known economist advises to invest in gold

Director of Euro Pacific Asset Peter Schiff does not see anything supernatural in growth . Recall that the main cryptocurrency has already risen by 179 percent since the beginning of 2019 and is now trading at the level of $ 8540. According to Schiff...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

VEB and the Grozny mayor's office transferred the housing sector on the blockchain

In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...

Hacker 1337. How to hack Etherscan not to cause any harm

Hacker 1337. How to hack Etherscan not to cause any harm

Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...

What coin is the most popular among scammers? The Answer Is

What coin is the most popular among scammers? The Answer Is "Kaspersky Lab"

In March, the analysts "Kaspersky Lab" estimate that last year the number of virus attacks to a hidden mining has increased by half. If in 2016 year, there were 1.9 million such crimes in 2017 and 2.7 million. Now the experts sai...

Prohibition of applications for mining Google's not perfect. The developers have found a vulnerability

Prohibition of applications for mining Google's not perfect. The developers have found a vulnerability

In late July, Google's placement in the Google Play applications for mining and remote control of mining cryptocurrency. Such measures are accepted from reasons of safety, the company said. Mining too much overloads the device. N...

Faster all: Nano, the cryptocurrency reached a record number of transactions per second

Faster all: Nano, the cryptocurrency reached a record number of transactions per second

August 18, the cryptocurrency has broken its own record, the number of transactions per second (TPS) Nano reached 750 units per second. The project team also announced the ability to support the stability of the blockchain at 75 T...

Playboy sued for GBT. The company did not share tokens and blockchain-based platform

Playboy sued for GBT. The company did not share tokens and blockchain-based platform

In March, Playboy TV plans to begin accepting the cryptocurrency. Guide channel when the famous men's magazine promised to create a cryptocurrency wallet, which you can use to pay for a subscription. Partner of the project was to ...

Acicam don't belong here: Hasrat Monero fell after hard forks coins

Acicam don't belong here: Hasrat Monero fell after hard forks coins

According to Bitinfocharts, Hasrat Monero has fallen seriously, after a hard forks cryptocurrencies. Community coins celebrated the event as the first significant victory against ASIC mining, reports . the What will happen with Mo...

Why falling Bitcoin? The simple answer of the chief analyst, eToro

Why falling Bitcoin? The simple answer of the chief analyst, eToro

At the end of June CEO of trading platform eToro Yoni Assia , the cryptocurrency market is overrated. 90% of the crypto projects will soon cease to exist. However, the coins a lot more prospects than dotcom, he added. Now a senio...

Study: only 36 of the 100 largest by market capitalization coins have a

Study: only 36 of the 100 largest by market capitalization coins have a "working product"

the one hundred largest capitalization of only 36 coins really represent the "work product", which provides them with real value. This is stated in the research company Invest in , which leads . the some coins have a future? The a...

CRYPTOMACH / Record inflation Ethereum, the announcement from Nvidia, the earnings on Coinhive and sagging market

CRYPTOMACH / Record inflation Ethereum, the announcement from Nvidia, the earnings on Coinhive and sagging market

Over the next week. She remembered the constant irregular cryptocurrency, intriguing teaser of a new generation of graphics cards from Nvidia and a lot of predictions on Bitcoin. It's time to summarize the past seven days. the Tim...

It's not that bad: 5 benefits of a bear market

It's not that bad: 5 benefits of a bear market

the stock market is in a difficult position, which can drag on for months. No one knows how much will fall, how long will it accumulate and what will be the recovery. If you are reading this article, it means you managed to surviv...

EToro CEO: demand for Bitcoin growing even in a bear market

EToro CEO: demand for Bitcoin growing even in a bear market

Director General of the trading platform eToro Yoni Assia asserts that the correction of Bitcoin have a positive impact on the long-term stability of the coin and all of the stock market. Your thoughts Assia shared in an exclusive...

Lecture Twitter: acne Buterin spoke about the creation of Casper for Ethereum

Lecture Twitter: acne Buterin spoke about the creation of Casper for Ethereum

acne Buterin published a series of 75 posts on Twitter, which told in detail the story of the development of Casper. The Creator of Ethereum tried to debunk all the myths and guesses about the most important update of cryptocurren...

CEO of CoinCorner: Bitcoin will rise to $ 15,000 by year-end

CEO of CoinCorner: Bitcoin will rise to $ 15,000 by year-end

Growing Hasrat network of Bitcoin was the main argument the belief of many experts in a short Bollene. Co-founder CoinCorner Danny Scott is confident that this year will end for the main cryptocurrency on a good note. His mind, he...

Miners hold: the reduction in the reward for the block will affect the price of Bitcoin?

Miners hold: the reduction in the reward for the block will affect the price of Bitcoin?

Bitcoin Price may continue to drop over the next two years. This view also has the right to life and is already being actively discussed in cryptocommunist. It turns out that the reason for the prolonged bear market will be the ne...

Vitalik against Arthur: the manipulation of the price of Ethereum's guide BitMEX

Vitalik against Arthur: the manipulation of the price of Ethereum's guide BitMEX

Previously, BitMEX CEO Arthur Hayes that Ethereum is Sitchin, whose price must fall below $ 100. The words of Hayes voiced publicly just at the moment when bitcoin fell to $ 260. About it writes . the Why falling Ethereum Recall t...

Russian innovations. Why cryptocurrency Amur region?

Russian innovations. Why cryptocurrency Amur region?

Visitors of the Eastern economic forum will be able to purchase local Souvenirs using cryptocurrency AmurCoin. Cryptocurrency for the first time to test the event, and then will be used as crowdfunding platform for raising funds f...

More money: kryptomere income from trading commissions will double by the end of 2018

More money: kryptomere income from trading commissions will double by the end of 2018

According to the research analysts of Sanford C. Bernstein & Co., profit kryptomere could double. Experts predict revenue growth of large exchangers to $ 4 billion by the end of 2018. About it writes . How to trade cryptocurr...

ICO-project in Russia is cheaper than in most countries. How much?

ICO-project in Russia is cheaper than in most countries. How much?

In June, the Ministry of communications document, which describes rules of conduct in Russia. Experts evaluated its content as "a strange and detached from reality." They also stated that such rules can deter entrepreneurs who pla...

When will the film about the cryptocurrency with Kurt Russell? The response of the producer

When will the film about the cryptocurrency with Kurt Russell? The response of the producer

In mid-June, the actor Kurt Russell on the intention to participate participation in the filming of "Crypto". It tells the story of a young agent investigating fraud and money laundering in new York. Now the film's producer Jordan...