QCP Update
13-Jun Asia
Selling pressure overnight saw BTC and ETH taken to lows of 6444 and 485 respectively. OTC desk seeing good 2-way flow in Asia morning as we hover above the lows.
Sequoia Capital China is said to have led a US$400 million pre-IPO round in Bitmain Technologies Ltd, valuing the firm at US$12 billion. It is also reported that Bitmain plans to apply for an IPO in Hong Kong with a market capitalisation between US$30 - 40 billion by the end of 2018.
In an effort to facilitate crypto to fiat exchange, Binance recently signed a MOU with the island of Jersey’s government, opening up the possibility for crypto to GBP pairings on their trading platform.
Indic: BTC 6535/ 6575 ETH 494/499
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