Bitcoin Group, which is aiming to become the first crypto company to IPO, has again delayed its scheduled listing date on ASX.
Bitcoin Group, which was aiming to become the first crypto company to go public through the IPO process, has again delayed its scheduled listing date on the Australian Securities Exchange (ASX).
The Australia-based startup, whose primary business is the mining of bitcoins, had appeared set to finally go live on January 20 after more than a yearβs worth of delays. Shares, to be listed as ASX:BCG, are now expected to go live on ASX on February 2, 2016, though this may change.
The delays have allowed Coinsilium, a Blockchain-focused venture investment firm, to officially become the first crypto company to successfully complete the IPO process. Shares debuted Friday on ICAPβs Securities and Derivatives Exchangeβs (ISDX) growth market.
Bitcoin Group's previous change in plans was due to a request by the Australian Securities and Investments Commission (ASIC) for commentary from a bitcoin mining expert to accompany the latest prospectus. This was deemed necessary by ASIC in order for prospective shareholders to understand the company's business.
The delays underscore the rigors of the IPO process and the challenges posed by abstract concepts like cryptocurrency. However, at least one of the delays was caused by the need for Bitcoin Group to issue corrective statements. During the past few months, the company has issued one Prospectus, two Replacement Prospectuses and three Supplementary Prospectuses.
The latest Replacement Prospectus, dated December 24, includes the expert's commentary and audited, up-to-date financial information.
The expert is Professor Peter Taylor of the School of Mathematics and Statistics, University of Melbourne. His 10-page report was written specifically for the Replacement Prospectus. It is presented as a scanned image, not a searchable text.
In the report, Taylor sets out the mathematical analysis underlying the mining process and the application of probability theory. One of the objectives is to provide insight into the likelihood of success in commercial mining.
[gap]
Taylor makes 9 citations: one from a paper by Bitcoin expert Andreas Antonopoulos, one from a paper on the fundamentals of probability, one from the Replacement Prospectus and six from online Bitcoin information resources.
Bitcoin Group, which was aiming to become the first crypto company to go public through the IPO process, has again delayed its scheduled listing date on the Australian Securities Exchange (ASX).
The Australia-based startup, whose primary business is the mining of bitcoins, had appeared set to finally go live on January 20 after more than a yearβs worth of delays. Shares, to be listed as ASX:BCG, are now expected to go live on ASX on February 2, 2016, though this may change.
The delays have allowed Coinsilium, a Blockchain-focused venture investment firm, to officially become the first crypto company to successfully complete the IPO process. Shares debuted Friday on ICAPβs Securities and Derivatives Exchangeβs (ISDX) growth market.
Bitcoin Group's previous change in plans was due to a request by the Australian Securities and Investments Commission (ASIC) for commentary from a bitcoin mining expert to accompany the latest prospectus. This was deemed necessary by ASIC in order for prospective shareholders to understand the company's business.
The delays underscore the rigors of the IPO process and the challenges posed by abstract concepts like cryptocurrency. However, at least one of the delays was caused by the need for Bitcoin Group to issue corrective statements. During the past few months, the company has issued one Prospectus, two Replacement Prospectuses and three Supplementary Prospectuses.
The latest Replacement Prospectus, dated December 24, includes the expert's commentary and audited, up-to-date financial information.
The expert is Professor Peter Taylor of the School of Mathematics and Statistics, University of Melbourne. His 10-page report was written specifically for the Replacement Prospectus. It is presented as a scanned image, not a searchable text.
In the report, Taylor sets out the mathematical analysis underlying the mining process and the application of probability theory. One of the objectives is to provide insight into the likelihood of success in commercial mining.
[gap]
Taylor makes 9 citations: one from a paper by Bitcoin expert Andreas Antonopoulos, one from a paper on the fundamentals of probability, one from the Replacement Prospectus and six from online Bitcoin information resources.
Broadridge to Bolster Prometheum's Digital Asset Securities Infrastructure
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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