28 Dec '15, 10am

#Bitcoin group releases new prospectus delays ipo #crypto #cryptocurrency

Australian bitcoin miner Bitcoin Group has released another prospectus, now filed with the Australian Securities and Investments Commission (ASIC), a move that also saw the company postpone its initial public offering on the Australian Securities Exchange (ASX). Cryptocurrency miner Bitcoin Group has released yet another prospectus while delaying its listing on the ASX to address concerns put forth by the ASIC. The company was asked by the commission to appoint an “appropriately qualified independent expert” to explain the bitcoin mining process involved in mining the cryptocurrency. The expert was also requested to verify the bitcoin mining equation present in the Australian miner’s earlier prospectus to assess the feasibility of the operation. The company has faced frequent delays in its quest to be the world’s first publically floated Bitcoin startup. A prominent incide...

Full article: https://www.cryptocoinsnews.com/bitcoin-group-releases-ne...

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