Bitcoin is making changes to improve its global business including workforce cuts. Bitmain will be refiling the application at a later date. A report by Bloomberg indicates that Bitmain, the mining Behemoth left its IPO application to lapse on the Hong-Kong stock exchange. The application was filed in September 2018 and was to expire after six months. The report said that the company will be refiling the application at a later date. A press release to that effect says: “We do recognize that despite the huge potential of the cryptocurrency and blockchain industry, it remains a relatively young industry which is proving its value. We hope regulatory authorities, media and the general public can be more inclusive to this young industry.” In the press release, Bitmain announced the appointment of a new CEO, Haichao Wang. Moreover, the firm confirmed the expired application “huge potential of the cryptocurrency and blockchain industry,” which “remains a relatively young industry which is proving its value.” “We hope regulatory authorities, media, and the general public can be more inclusive to this young industry. We will restart the listing application work at an appropriate time in the future.” The statement continued to say it is making changes to its workforce detail the cut “was a difficult but necessary decision as we continue to build a long-term, sustainable and scalable business.” As far as the bear market is concerned, Bitmain says that it has put up,” and also “integrated the resource lines for chip design, hardware and software to provide more effective support for our key business lines and to allocate premium resources to our major and key projects.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next WTI extends the bounce towards $ 60 ahead of API report FX Street 4 years Bitcoin is making changes to improve its global business including workforce cuts. Bitmain will be refiling the application at a later date. A report by Bloomberg indicates that Bitmain, the mining Behemoth left its IPO application to lapse on the Hong-Kong stock exchange. The application was filed in September 2018 and was to expire after six months. The report said that the company will be refiling the application at a later date. A press release to that effect says: "We do recognize that despite the huge potential of the cryptocurrency and blockchain industry, it remains a relatively young industry which… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.