Bitcoin Group IPO Delayed Again After ASIC Request for Mining Expert
- The IPO for Bitcoin Group, previously celebrated as the first in the crypto industry, has been delayed by another month.
The IPO for Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Group, previously celebrated as the first in the crypto industry, has been delayed by another month following additional requests by the Australian Securities and Investments Commission (ASIC).
The Australia-based startup, whose primary business is the mining of bitcoins, had appeared set to finally go live on December 11 after more than a year’s worth of delays.
Listing on the Australian Securities Exchange (ASX) is now expected for January 20, 2016. Shares will be listed as ASX:BCG. The IPO offer period has been extended from November 20 to January 8, 2016.
The startup attributed the latest delay to ASIC requests to “address some additional matters.” Among them is for Bitcoin Group to appoint “an appropriately qualified independent expert to report on the bitcoin mining process and the bitcoin mining equation contained in the Replacement Prospect[u]s.”
The Replacement Prospectus was the previous document of record, and referenced by the startup when making corrective statements regarding its financials and an implied investment by the Australian Prime Minister.
It then issued a Supplementary Prospectus, which stated the listing’s delay by one month to December 11. After the latest ASIC request, a Supplementary Prospectus II was issued.
ASIC’s request was likely made in order to ensure that investors are fully aware of the risks behind the bitcoin mining revenue model, which investors may not be accustomed to. The model relies on the successful operation of the Bitcoin network, securing new bitcoins awarded by it and a sufficiently high market value of bitcoin.
The first crypto company to successfully complete the IPO process may now be Coinsilium, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-focused venture investment firm, whose scheduled public listing date is November 23. The listing is planned for ICAP’s Securities and Derivatives Exchange’s (ISDX) growth market. All other publicly traded crypto companies have taken the backdoor approach by reverse merging with public shell entities.
The IPO for Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Group, previously celebrated as the first in the crypto industry, has been delayed by another month following additional requests by the Australian Securities and Investments Commission (ASIC).
The Australia-based startup, whose primary business is the mining of bitcoins, had appeared set to finally go live on December 11 after more than a year’s worth of delays.
Listing on the Australian Securities Exchange (ASX) is now expected for January 20, 2016. Shares will be listed as ASX:BCG. The IPO offer period has been extended from November 20 to January 8, 2016.
The startup attributed the latest delay to ASIC requests to “address some additional matters.” Among them is for Bitcoin Group to appoint “an appropriately qualified independent expert to report on the bitcoin mining process and the bitcoin mining equation contained in the Replacement Prospect[u]s.”
The Replacement Prospectus was the previous document of record, and referenced by the startup when making corrective statements regarding its financials and an implied investment by the Australian Prime Minister.
It then issued a Supplementary Prospectus, which stated the listing’s delay by one month to December 11. After the latest ASIC request, a Supplementary Prospectus II was issued.
ASIC’s request was likely made in order to ensure that investors are fully aware of the risks behind the bitcoin mining revenue model, which investors may not be accustomed to. The model relies on the successful operation of the Bitcoin network, securing new bitcoins awarded by it and a sufficiently high market value of bitcoin.
The first crypto company to successfully complete the IPO process may now be Coinsilium, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-focused venture investment firm, whose scheduled public listing date is November 23. The listing is planned for ICAP’s Securities and Derivatives Exchange’s (ISDX) growth market. All other publicly traded crypto companies have taken the backdoor approach by reverse merging with public shell entities.