Google Fails at Flirt with Buterin, Canaan announce a $2 Billion IPO & $1 Million Paid for a Cheap Domain
Gains made over the weekend have fallen by the wayside in the last 24 hours. Bitcoin down $300 to $8266, Ethereum also losing ground falling $30 to $685. The global cryptocurrency market cap also falling by $16 billion to $374 billion.
Chip makers Canaan Creative have filed for an initial public offering (IPO) with HKEK (Stock Exchange of Hong Kong). Rumoured to be aiming to raise anything up to an eye-watering $2 billion USD which would make it the largest traditional fund raising exercise in the crypto business to date. Traditionally viewed as a hardware manufacturer and supplier to the cryptocurrency mining industry, the decision to go public and aim for such a large raise might seem a little odd – and to a large extent it is – however, the methodology behind the madness in this case is similar to the old gold rush adage of selling the “picks and shovels” as it were. Provided crypto mining can remain profitable for the masses, chances are this could be a successful gamble for the company – should profitability continue to wane though it will be a painful listing to watch.
Google has woken up and heard about blockchain it would seem after emailing Ethereum Co-Founder Vitalik Buterin with what appears may have been a job offer. Buterin posted a poll on twitter asking “should I drop Ethereum and work for Google?” only to remove it sometime later after 59% of 2000+ users had voted “no”. Earlier this month we commented on the lack of blockchain related activity from Google after significant announcements by competitors Oracle, Amazon, Microsoft Azure etc. on the launch of new products and tools. This rather half-assed move by a Google recruiter would suggest Google is unlikely to be anywhere near releasing any groundbreaking or game changing blockchain innovations anytime soon.
Sale of the domain name “Block-Chain.com” was announced at the Consensus 2018 event last week for 111 Bitcoin ($1million USD) making it the 3rd most expensive crypto related domain to date behind btc.com ($1.1million) and eth.com ($2million). Unusual to see a hyphenated domain name sell for such a high price, especially when taking into account the fact that blockchain.com is also a functioning domain with an arguably much better site. The marketing team behind the new venture will have their work cut out for them as they attempt to rise up through the search engine results pages over their existing competition. Generally speaking – if the non-hyphenated version of the desired domain isn’t available, choose another one. Hyphenated domains have long been used by spammers over the years, so much so even Google has adjusted it’s algorithms on occasion to deal with the issues that can arise.
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Created: Tuesday, May 22, 2018
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