Today I present you with another collection cryptocurrency news that can greatly help your investment decisions. I'll start with some news on Bitmain Technologies Ltd which is a privately owned company headquartered in Beijing with offices in Shenzhen, Shanghai, Chengdu, Hong Kong, Fuzhou, US, Israel, Netherlands and Switzerland. They design ASICs and mine cryptocurrencies. According to estimates they made $3-4 billion USD profit in 2017 and they are considering an IPO for producing capital to expand its producing hardware. The pre-IPO registration was done on this month and a $18 billion valuation is estimated which is close to 65% of the marketcap of Ethereum.

Bitmain Technologies Ltd Have Massive Cryptocurrency Holdings

I mean it is stupid to just mine and not HODL anything. Because of the pre-IPO registration, information regarding their holdings is out.

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$BCH $ 887,488,000 (73.3%)
$BTC $ 148,207,000 (12.2%)
$Dash $ 103,275,000 (8.5%)
$LTC $ 51,101,000 (4.2%)
$ETH $ 757,000 (0.1%)
Others $ 19,505,000 (1.6%)
Total $ 1,210,333,000 (100%)

Great News for BCH - Bad News for ETH

I've been a big supporter of BCH from the very beginning and I've made good gains betting on the faster, cheaper and more scalable and true to the whitepaper version of Bitcoin and although I prefer to see some bold investment decisions like having a big stake in Enigma, Komodo, PIVX, Elastos, Substratum, SONM etc. Bitmain have done a decent job placing their bets.

They are also very sensible to not have much of a stake on poorly scaled ETH and although I don't see the point of the existence of LTC in this day and age, I'm happy to see Dash position being close BTC stake. I have a feeling that this Dash could be locked in a bunc hof masternodes for passive income of about 10% a year return.

Mobi Ridesharing Partners With NEM

Uber is a company that is doing a monumental job at loosing money and making it up with volume. It's unsustainable and it is charity more than an actual business.

They released their Android App today. I have no rides where I live. So I don't know about the user experience. The App itself is designed well. iOS App version is also available.

NEM is capable of delivering 4000 Tx/s which should be sufficient for a service like this at least for the next 5 years.

An Interview With Rong Chen | The Founder, Planner, and Chairman of The Elastos Foundation

Elastos is a project that can easily end up having valuations on par with EOS. It's that huge. It is the most secure blockchain project on the planet. It's a complete and total paradigm shift. While most cryptos use the internet, Elastos boldly claim that the internet is fundamentally flawed and they plan to move away from traditional TCP/IP architecture. I've written about the project in the past which you can read here.

Another Record From EOS

The Lightning Network is Due for A Privacy Boost

Using blind signatures and zero-knowledge proofs, BOLT obscures transactions, balances and sender and receiver identities. Plus, because it's built to function along with privacy-oriented cryptocurrency zcash, users can open a channel using shielded transactions, thereby anonymizing the initial connection to the network.

With BTC governance in total disarray I don't know how this would even get implemented. But there are other coins who are looking forward to utilize the useless Lightning Networks and BOLT could actually end up giving a decent value to the LN make it more useful.

Sapling - The Next Major Zcash Upgrade

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Sapling is scheduled to activate in October 2018. The specific block height has not yet been determined. Currently, most Zcash transaction use transparent addresses that function in the same way as Bitcoin. This is largely due to the computational cost of proving that shielded transactions are valid. Sapling is an attempt to make shielded addresses more ubiquitous.

All shielded transactions require the creation of a zero-knowledge proof. Today, the hardware that constructs the proof must also be in possession of the spending key that authorizes the transaction. Sapling changes this by allowing the hardware that constructs the proof to be independent from the hardware that signs for the transaction. Now Enterprises can perform an inexpensive signature step in a trusted environment while allowing another computer, not trusted with the spending key, to construct the proof. Additionally, hardware wallets can support shielded addresses by allowing the connected computer to construct the proof without exposing the spending key to that machine.

These are the results of two years of protocol design and engineering with cryptographic breakthroughs that improve the performance and functionality of shielded (encrypted) transactions.

You can check out https://blog.z.cash for more information.

Latest Developments on Zcash Privacy, Bitmain's IPO and Cryptocurrency Holdings, Interview With Elastos Founder, Blockchain Based Ridesharing and more....