Good news for American bitcoin companies, someone who wants much lighter Bitlicense regulations is in the running to be the next New York attorney general. And in China, a bitcoin mining hardware producer is planning a $1 billion IPO. These stories and much more in today’s edition of Bitcoin in Brief.
Bitcoin Supporter for NY AG
A bitcoin supporter wants to replace New York Attorney General Eric Schneiderman, who recently resigned after four women complained about non-consensual physical violence by him. Manny Alicandro has announced his candidacy on the Republican ticket. He is a stock market lawyer, former stand-up comedian, and a bitcoin enthusiast as the Wall Street Journal reports.
Alicandro expects his campaign to highlight the current harsh regulation of bitcoin. He said he’d like to see lighter rules for cryptocurrency businesses, arguing that the Bitlicense is hurting jobs and stifling innovation. He serves as an adviser to several blockchain startups and is a small investor in bitcoin and several other cryptocurrencies himself. The report adds that the AG candidate is currently checking if it is permissible for his campaign to accept donations in bitcoin.
Canaan Seeks $1 Billion IPO in Hong Kong
Canaan Creative Co. Ltd, the Chinese company behind the Avalon lineup of hardware equipment which produces ASIC mining chips and rigs, is now reportedly planning to launch an IPO in Kong Kong and raise up to a billion USD. As we previously reported, the company was also eyeing the US for a possible IPO market but has now ditched that option according to people familiar with the matter cited by the South China Morning Post.
Amana Capital Adds Cryptocurrency CFDs
Amana Capital, a Middle Eastern financial services group, is the latest online trading brokerage to add cryptocurrency-based contracts for difference (CFDs). The company explains it took the move due to “the increased demand for cryptocurrencies.” As a first phase, Amana will offer its clients the option to trade BTC, ETH, LTC, and XRP on its MetaTrader 5 platform, with additional cryptocurrencies promised to be added in the future.
Ahmad Khatib, CEO of Amana Capital, said: “Making cryptocurrencies available for CFDs traders across the world, falls in line with our strategic mission to further diversify our financial offerings and services, according to the latest financial innovations. Hence, we believe that entering the cryptocurrency market is a strategic move that propels our efforts on that end.”
Dash CEO Hacked
Hackers continue to target victims in the cryptocurrency space, and the latest one revealed to be hit is CEO of Dash Core, Ryan Taylor. According to an announcement by the group, his Twitter account, LinkedIn account, and personal cell phone SIM card have all been compromised. After a few hours of it posting nonsense, Taylor has now regained control of his Twitter account. Last week we reported that hackers had taken over the official Vertcoin Twitter account.