BEST OF THE BEST NIKKEI: After crypto miner maker Canaan Creative let its Hong Kong IPO application lapse last week, several markets specialists interviewed by Nikkei said the IPO applications filed by Ebang and Bitmain
are not looking promising, either.
For instance, eToro managing director Jasper Lee said that, fundamentally, the business models of the three firms are very similar and therefore, "there is a very high chance that Ebang's IPO application will lapse," Lee said.
Further, a capital markets veteran from law firm Baker McKenzie said the Hong Kong Stock Exchange has been ”generally quite cautious and risk-averse in its vetting process” and a key question these mining firms may not be able to answer is how sustainable are their business models?
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MONEYCONTROL: India has
the second-highest number of blockchain developers in the world, according to a piece in MoneyControl.
Citing a recent survey by London-based blockchain consulting firm Dappros, the article says India has nearly 19,627 blockchain developers, second only to the US, which has 44,979 blockchain developers as of Oct. 24.
However, these figures may actually be higher, the article adds, as the data collected by Dappros is mainly based on information from open sources such as LinkedIn and doesn’t account for developers whose profiles are not public.
WIRED: Blockchain has been touted as a replacement technology across a host of industries. But for that to happen,
legislators need to be on board, according to a feature from Wired.
The piece cites Catherine Mulligan, a visiting researcher at Imperial College, London, as saying that adopting blockchain will mean radically redefining companies’ business processes and working “across corporate boundaries,” she said. “That creates all kinds of issues.”
With competitors coming together to build blockchain solutions as consortia, that is going to raise the attention of monopolies regulators, she warned. As a result, Mulligan advises firms and groups to speak to the regulators earlier rather than later.
Since there are already antitrust rules in place, “it’s not that we need blockchain regulation, we just need regulators and each industry to understand the blockchain,” she said.
