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Cryptocurrency Morning Brief

May 10, 2018

  • Canaan Creative, a giant in the Bitcoin mining industry is planning its USD$1bn IPO in Hong Kong instead of the US and if successful will be the first blockchain company to be listed on the Hong Kong bourse
  • In a survey conducted by Daliah Research, roughly half of adults in are knowledgeable about cryptocurrencies with ~60% of Japan & Korea being knowledgeable. However, on average only 7% of the population own cryptocurrencies
  • Dash will now be available for instantaneous merchant transactions via Paycent, a hybrid mobile wallet for fiat and digital assets. The app will be available via the Apple and Google Play Store
  • Venture Capitalist Chamath Palihapitiya, a Buffett disciple, has said that Buffett is wrong about Bitcoin since Bitcoin is not correlated with the rest of the market, therefore can be a hedge to traditional finance\
  • Mining conglomerates are shifting to Ethereum as they are looking to generate greater control and profit. Bitmain, a leading company in mining has built Antminer E3, which specifically targets the ETHash algorithm used by Ethereum
  • Morgan Creek’s Blockchain Capital is tokenizing a private company’s equity and will be looking to sell the tokens to investors. These tokens will be converted into ERC-20 which will be on the Ethereum network.
  • Cardstack, a web application that aims to simplify users’ participation in Token Generation Events (TGEs) has released a web application that consolidates accounts, data and communication needed by users to participate in a TGE
  • Major cryptocurrencies are slightly positive todaywith Bitcoin up 0.19% at USD$9321.70 from yesterday’s UTC close. Quantamize’s Machine Learning Crypto Signal has 7 out of 30 cryptocurrencies as Buys