Major Chinese Bitcoin (BTC) mining equipment maker Ebang, which is reportedly getting listed on Nasdaq Global Market later today, is planning to expand its business by setting up a cryptocurrency exchange and mining farms.

As told to Cointelegraph by an Ebang representative in a recent interview, the company intends to carve out a unique role in the industry by building “a global blockchain and a digital economy industrial ecosystem.” That would include setting up a cryptocurrency exchange and mining facilities, the spokesperson elaborated:

“We will soon establish our own mining farms with [a] flexible cooperation model [...] as well as mining pools to sell our computing power and we will also start to set up [a] cryptocurrencies trading exchange.”

Additionally, the Hangzhou-based company will “explore the application of blockchain technology into financial services, education and healthcare industries.”

Getting listed on Nasdaq will help the crypto firm to pursue these plans, the Ebang representative added, since it will supposedly enhance its brand awareness and “attract more talent." Being a publicly traded company could also help setting up a cryptocurrency exchange:

“Credit is the most important point for establishing the cryptocurrencies trading exchange, and a Nasdaq listed company regulated by U.S. Securities and Exchange Commission should be able to strictly control the compliance and safety of the transaction."

Such plans are also documented in filings the company submitted to the SEC, where it described setting a cryptocurrency exchange “in overseas jurisdictions." Although Ebang is based in China, where cryptocurrency trade is outlawed, its holding company is incorporated in the Cayman Islands.

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Tokai Tokyo Financial Holdings, one of the major traditional Japanese financial institutions, has unveiled a plan to develop a security token exchange. Tokai Tokyo is already an investor in Huobi Japan.

According to Nikkei, as the first step in the journey, Tokai Tokyo is investing in blockchain company Hash Dash Holdings to leverage the company’s knowledge to develop the exchange. Hash Dash aims to apply blockchain technology to the financial industry for issuing digital securities and providing a trading service on smartphones.

The planned exchange will trade in tokenized real estate, and Tokai Tokyo, Hash Dash and ICHX TECH will explore this sector by digitizing Japanese real estate and trade it at iSTOX, a digital security exchange in Singapore it has invested in. They are also exploring digitizing IPs and corporate bonds.

Tokai Tokyo hopes to connect its planned Japanese exchange with iSTOX so that investors can buy and sell digitized assets at either exchange seamlessly, making it possible for Japanese corporations to raise money at the exchange in Singapore.

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China’s Yun­nan province city of Kun­ming has completed the development and internal testing of the country’s first completely blockchain-based public resource bidding platform.

Public resource bidding is a method utilized by governments to allocate large resources to private and public sector companies that promise to complete a particular project.

Dubbed “Kun­y­il­ian,” the bidding plat­form utilizes Tencent’s blockchain-as-a-service system and intends to solve the challenges faced by the current public resource bidding process. It is expected to help authenticate the credibility of central entities involved in the bidding process and expedite data sharing and security.

During the pilot test of the platform, it registered almost 60,000 blockchain certificates related to official bidding data. It now aims to provide its services to the more than 30,000 bidding entities for public resources in Kunming.

The development of the platform is part of China’s initiative to further its technological innovation through investments into new and emerging technologies.

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Cryptocurrency custodian Anchorage is continuing to expand its focus on decentralized finance (DeFi), announcing support for custody of Keep Network’s token.

The KEEP token powers tBTC, a trustless and open-source protocol allowing the creation of Ethereum tokens that represent Bitcoin (BTC) which are used for accessing based DeFi protocols.

The protocol also facilitates the autonomous containerization of users’ private data when engaging with public chains, bolstering the privacy enjoyed by DeFi users.

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This Friday’s Bitcoin (BTC) futures and options expiry has been causing anxiety and excitement amongst traders as the price has oscillated with no clear trend for the past 30 days.

There have been moments of euphoria as the price briefly broke the $10,000 level earlier this month, but recently emotions have become slightly bearish as the market dropped below $9,000 on Wednesday night.

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This Friday’s Bitcoin (BTC) futures and options expiry has been causing anxiety and excitement amongst traders as the price has oscillated with no clear trend for the past 30 days.

There have been moments of euphoria as the price briefly broke the $10,000 level earlier this month, but recently emotions have become slightly bearish as the market dropped below $9,000 on Wednesday night.

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The price of Bitcoin (BTC) is consolidating below $9,200, which has acted as a key support level since late May. According to Cole Garner, if BTC breaks down to the $7,000s, it may be the last dip below $10,000 in the long-term.

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New service from Bitcoin.com lets users send Bitcoin Cash to anyone with an email — something Roger Ver believes this is no longer feasible with Bitcoin.

Bitcoin.com introduced a new service that allows users to send any amount of Bitcoin Cash (BCH) via email.

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