| Ebang International went to the United States to apply for an IPO, planning to raise US$100 million; the blockchain service network BSN is officially commercialized

headlines

Ebang International submits an IPO application to the US SEC, intending to raise up to US$100 million

Bitcoin mining machine manufacturer Ebang International submitted an IPO application to the US Securities and Exchange Commission (SEC) on Friday (April 24), hoping to list on the New York Stock Exchange or Nasdaq under the stock code EBON. According to the application documents, it intends to raise up to US$100 million by issuing Class A ordinary shares with a par value of HK$0.001 per share. Yibang International's revenue in 2018 was US$319 million, and its revenue in 2019 was US$109.1 million, a decrease of nearly 66%. The net loss in 2018 was US$11.8 million and the net loss in 2019 was US$41.1 million. (Renaissance Capital)

headlines

Ebang International submits an IPO application to the US SEC, intending to raise up to US$100 million

The blockchain service network BSN is officially commercialized, and the latest progress of the project is exposed

digital currency

Liu Yunan, director of the State Information Center, said today that the blockchain service network BSN was officially launched for commercial use. At present, various functions of the blockchain service network (BSN) have stabilized. At the same time, it has also spawned a number of innovative applications such as public welfare and charity, item traceability, and electronic invoices, and has played an active role in the prevention and control of the new crown pneumonia epidemic this year.

According to Shan Zhiguang, chairman of the BSN Development Alliance, the BSN ecosystem covers infrastructure providers, developers, cloud service providers, portal providers, and operation and maintenance parties. At present, there are 128 BSN public city nodes deployed, 76 Chinese nodes have been connected to the network, 44 are under construction, and 8 overseas nodes. Cloud service providers include China Mobile, China Telecom, China Unicom, AWS, Baidu Cloud, and Azure. He also introduced the highlights of the commercial version of BSN: 1. The application access key and user transaction key increase the upload public key mode; 2. Provide node gateway client SDK; 3. Launch the international official website global.bsnbase.com, and Start beta. (People's Video)

digital currency

EthereumPrice.org has released a new tool to calculate Ethereum 2.0 10-year staking rewards. The calculator has various customizable settings to simulate different staking conditions. Ethereum 2.0 will move the network from PoW to PoS consensus. The calculator, developed using data from ConsenSys, using an open-source Google Form created by Colin Myers at ConsenSys Codefi, is currently in public beta. (Decrypt)

Bitfinex plans to add pBTC, the first cross-chain DeFi token

Statistics show that nearly half of DeFi and OFI startups are headquartered in the United States

The Block recently released survey results showing that among the DeFi or open finance (OFI) startups tracked by the agency, the largest number of companies (nearly 50%) are located in the United States, followed by the United Kingdom and Germany. Looking at where these companies are legally incorporated, there is some variation in the percentages, with the U.S.-based market share dropping from nearly 50% to 44%. Singapore, Switzerland, the Cayman Islands and the British Virgin Islands account for a larger market share. It is worth noting that 2017 was the most popular year for OFI companies, with over 57% of companies founded in that year.

Bitfinex plans to add pBTC, the first cross-chain DeFi token

Bitfinex CTO Paolo Ardoino said the platform expects to add support for pTokens BTC (pBTC) deposits and withdrawals by the end of May. The token is pegged 1:1 to Bitcoin and is so far compatible with the ETH and EOS DeFi ecosystems. Bertani, founder of pTokens development team Proveable Objects, said that the company is actively developing other pTokens, including pETH, pEOS, pLTC and pDAI. “New ptokens such as pEOS and pLTC have been deployed in test environments and will soon be available on Ethereum mainnet as well.” (Cointelegraph)

New developments in the US SEC v. Kik case: Both parties oppose the other party's application for summary ruling

The U.S. Securities and Exchange Commission (SEC) case against Kik Interactive for an "unregistered offering of securities" continues. Both the SEC and Kik filed objections to the other's motion for summary judgment late Friday. In the SEC's view, without Kik's efforts to "defend" the ecosystem, its token, Kin, would have no value. Kik's side insisted that the SEC could not prove that Kik guided investors' expectations of profits, or that it and investors formed the same enterprise, which are also the two principles of the Howey (Howey) test. (CoinDesk)

On April 24, EOS Canada announced that in order to focus on the development of the dfuse open source blockchain data stack, it decided to terminate the BP node business on the EOS mainnet.

Blockchain industry

He Yi: Binance currently has 1,002 employees, an increase of nearly 20 times since its inception

Blockchain industry

global policy

The Financial Technology Research Institute under the central bank recruits people in batches to develop legal digital currency

global policy

Character·Voice

70% of Maltese crypto startups fail to apply for virtual financial asset licenses

Data shows that 70% of cryptocurrency startups in Malta have failed to apply for a virtual financial asset (VFA) license. None of the firms that have started the licensing process have yet received a license from the Malta Financial Services Authority (MFSA). They are not allowed to provide any services in the country until they are licensed. The report also noted that many companies with close ties to the government ran into trouble soon after being established. As we all know, former Prime Minister Joseph Muscat wants to make Malta a "blockchain island" and may become the next Dubai. However, the new administration does not appear to be keen on his crypto dreams. (U. Today)