According to recent reports, Nasdaq recently notified Golden Bull Limited, warning the company that it is no longer compliant with listing rules due to the lack of Form 6-K.
Golden Bull Limited, a company that operates as an online finance marketplace and a lending firm, was recently contacted by Nasdaq with a warning. According to the firm’s announcement, Nasdaq notified Golden Bull that it failed to provide its Form 6-K financial statements for the period of six months prior to June 30th, 2019.
The lack of the financial statement interferes with Nasdaq’s listing rules, which may lead to Golden Bull’s removal from Nasdaq’s listing if the company fails to deliver the necessary data.
However, Nasdaq will not react immediately, and has given Golden Bull Ltd a 60-day deadline to create and deliver a plan on regaining compliance with the listing rules.
The company responded to the notification by claiming that it intends to deliver the necessary information before the end of January 2020.
About Golden Bull Ltd.
As mentioned earlier, Golden Bull Limited started out as a finance marketplace and a lending firm that provided short-term loans to individuals and small businesses. The company serves customers in China, where it recently announced that it had decided to shut down its peer-to-peer lending business.
Since then, Golden Bull focused on becoming a car rental business but also a Bitcoin mining firm. The firm started this transition back in March 2018, right after cryptocurrency prices crashed after reaching its all-time high (ATH) in December 2017/January 2018.
However, this is also not the first time that the firm received a warning from Nasdaq. Previously, it was reported in late September 2019 that the company received Nasdaq’s notification letter due to deficiency in the minimum bid price requirements.
Golden Bull received two Nasdaq compliance warnings in 6 months
According to reports from that time, Nasdaq states that the minimum bid price per share for the firm’s ordinary shares have been under $1 for over 30 consecutive business days. This is not in compliance with Nasdaq’s listing rules, and Nasdaq sent a warning, which did not have an immediate effect either.
Instead, the company was given until March 24th, 2020 to execute a plan that would allow it to regain compliance. In other words, Golden Bull Ltd. needed to raise the closing bid price of its ordinary shares to at least $1 for 10 consecutive business days, or longer.
Now, the Bitcoin mining firm once again seems to have problems with compliance on Nasdaq, and while it will not be unlisted immediately, it will have to work for the privilege of staying on Nasdaq.
What do you think about the Golden Bull’s situation? Let us know your thoughts in the comments below.
Images via Shutterstock The post appeared first on Bitcoinist.com. origin »
Diginex, the Hong Kong-based parent company of the cryptocurrency exchange Equos has raised $20 million ahead of its panning listing on the Nasdaq stock market later this month. The funding was raised from a group of private investors through the placement of convertible notes, including family offices in Hong Kong and London, and a hedge […]
The post Equos Parent Company, Diginex, Raises M Ahead of Planned Nasdaq Listing Later This Month first appeared on BitcoinExchangeGuide.
WisdomTree, the Nasdaq listed company has introduced a physically-backed BTC ETP that will trade on SIX, a principal stock exchange in Switzerland. The asset manager released a news report on 3rd December where it noted that Swissquote, the online Swiss bank would be serving as the custodial partner for its exchange-traded product (ETP). The report […]
Canaan, the world's second largest bitcoin mining machine manufacturer, was listed as a publicly traded company in the U.S. Jessica Yang, executive vice president of Bitmart, a licensed global digitalThe post Canaan listed publicly in the US, Bitmart EVP Jessica Yang attended the NASDAQ bell ringing ceremony appeared first on AMBCrypto.
Canaan Creative, a major mining equipment manufacturer, has launched an Initial Public Offering. The company is best known for its AvalonMiner line of ASIC devices, which are designed for use in Bitcoin mining.
Canaan Mining’s IPO in New York may raise only $100 million, at least based on recent edits to the prospectus. The company will aim to list on NASDAQ and become the first Chinese mining equipment producer to trade as a public stock.
Charter Communications (CHTR) has managed to keep up with Apple’s year-to-date performance. Furious buybacks since 2016 have helped keep the stock bullish. Strong upside potential and a parabolic structure are also driving CHTR’s surprising growth.
Apple’s (NASDAQ: AAPL) earnings report last night was a roaring success… wasn’t it? Tim Cook’s company beat expectations on earnings and revenue, and there’s decent demand for the iPhone 11. AAPL stock is up 2% in pre-market trading, set to open at a record high.
Mining rig manufacturer Canaan has filed for an IPO with the U. S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to go public in Hong Kong and China.
Canaan Creative, one of the largest Bitcoin mining hardware manufacturers, has just filed to publically list on the Nasdaq. The firm plans to raise $400M. A Chinese company based in Hangzhou is trying to list an IPO on Nasdaq and raise some $400M.
Shortly after Chinese President Xi Jingpin commented on how blockchain should be embraced, a lot of interesting events unfurled. The President during his speech at a meeting of the Political Bureau of the Chinese Communist Party’s Central Committee on Thursday remarked that the country should “seize the opportunity” afforded by the development of blockchain technology. […]
Vanguard, a mutual fund giant of the financial industry, has started a partnership with Symbiont, a company backed by Nasdaq Ventures. Together, these two firms are set to develop a $6 trillion currency market platform focused on forex trades.
Comedy Central, which is owned by Viacom (NASDAQ: VIA), has refused to kowtow to China after an episode of its animated show “South Park” was deemed critical of regulators in the world’s most populous country.
Match Group Inc (NASDAQ: MTCH), the parent company of dating app Tinder and OkCupid, is leading the pack of gainers in Monday’s premarket hours after recording a rise of nearly 5%. Ahead of the opening bell, the online dating group that owns such properties as Tinder, OkCupid, Match, Pairs, Hinge, OurTime, PlentyofFish and Meetic rose […]
The post Tinder’s Parent Attracts Investors’ Love in Pre-Market Excitement appeared first on CCN.com
IPO stock prices for Peloton Interactive are looking as stationary as its high tech stationary bicycles. The New York City-based luxury exercise company’s stock slid 6. 9% from its IPO price right out the gate.
Nasdaq has taken charge to stand as the gateway for infusing crypto-related services. While the company has taken an aggressive step toward delivering decentralized finance, Johan Toll, Head of Digital Assets at NASDAQ Market Technology featured in an interview to share insights on Nasdaq’s tokenized assets.
Coinspeaker Ping Identity Files For an IPO, Plans to Raise $100 MillionIn recent news, Ping Identity, a Colorado-based online ID-management company, has filed for an IPO on the NASDAQ exchange under the ticker “PING”.
The CEO of Overstock (NASDAQ: OSTK), Patrick Byrne, who has openly supported Bitcoin, announced his immediate retirement. Although the entrepreneur has not mentioned about his future endeavors, he mentioned in his letter that “the blockchain revolution will reshape key social institutions.
Trade war or not, Amazon intends to challenge Alibaba’s dominance in China’s e-commerce industry. The Jeff Bezos-led company is on a hiring spree in China. Not to be outdone, Alibaba plans to raise up to $20 billion through a listing in Hong Kong.
Kik isn’t the only company facing regulatory blowback. LongFin, a fintech company which drew controversy for an abrupt blockchain pivot, is now fighting allegations of fraud from the Securities and Exchange Commission.
The banking industry is hell-bent on taking over the nascent blockchain and cryptocurrency market. A group of financial firms led by UBS Group AG is eyeing blockchain technology for settling cross-border trades worldwide with its own “Bitcoin-like” token.
Fidelity's cryptocurrency subsidiary Fidelity Digital Assets will reportedly launch bitcoin trading for its clients “within a few weeks,” according to Bloomberg.
By CCN. com: Biopharmaceutical company ARCA biopharma (NASDAQ: ABIO) led the stock market yesterday with a mind-blowing 98. 64% gain on the day. The ABIO stock price rocketed following an announcement that the company had a critical research paper published in JACC: Heart Failure, part of the Journal of American College of Cardiology.
By CCN: Lyft’s stock remains stuck in the doldrums, trading 22% below its IPO price of $72. Yet, the company appears to have its proverbial head stuck in the sand about its stock market debut flop.
By CCN: The US stock market has enjoyed a tantalizingly-buoyant month. The Dow Jones Industrial Average and S&P 500 each climbed more than 3 percent, while the Nasdaq soared more than 7 percent on blockbuster tech earnings.
By CCN: The Dow zoomed into recovery mode on Tuesday, bolstered by better-than-expected earnings even as President Trump launches a double-barrelled assault on the global financial market. Dow Jumps on Earnings Pump The Dow Jones Industrial Average seesawed at Tuesday’s opening bell, eventually grinding higher after regaining its footing.
The Dow lagged the broader U. S. stock market on Monday, as investors shifted their focus to corporate earnings and shaky fundamentals – a pivot that could spell trouble for the Fed-inspired rally.
One equities analyst is going all out on his bullish thoughts about Amazon stock (NASDAQ: AMZN), saying the company has the makings of what it takes to command $5,000 a share by 2025. That would put the company’s valuation at $2.
As Bitcoin’s sudden rally higher captures the world’s attention, it is not only the cryptocurrency investment that is racing back into the light. Any company associated with BTC is experiencing a green day, and naturally, Riot Blockchain (RIOT) is no exception.
Next week, insurgent ridesharing provider Lyft will commence its long-awaited initial public offering (IPO). An IPO marks the point when a company makes its shares available on a public stock exchange, and Lyft is releasing 32.
Avnet (Nasdaq: AVT), a Phoenix, Arizona headquartered technology solutions company, has announced on Tuesday that it is now working with Bitpay to accept cryptocurrency payments for its products and services including bitcoin cash (BCH).
Nasdaq Offers Technology To “One-Stop Shop” For Crypto Mining And Trading Company A company called Bcause LLC, which describes itself as a full-stack crypto ecosystem, will start to use the Nasdaq technology recently in order to operate its business.
There has been a sizeable amount of interest in the US regarding the health of giant retailers amid a mass of store closings. Included in this talk has been what effect this might have on US stock markets.
Lyft, the ride-hailing giant based in the U. S. , has officially filed its S-1 IPO registration and is set to be listed on the NASDAQ by April, before Uber. Early reports suggest Lyft is expected to secure over $100 million from the IPO and is forecasting a valuation of around $20 to $25 billion.
John C. Malone, the single largest owner of land in the United States, sustained a devastating portfolio hit portfolio Thursday. As the largest shareholder of Qurate Retail (NASDAQ:QRTEB), Malone had the most on the line when the company announced paltry fourth-quarter earnings.
Arcadia Biosciences Inc. ’s share price surged 61 percent while trading on the Nasdaq Thursday after the agricultural biotech firm announced plans to dive into the hemp industry. The company’s core business area is producing food ingredients made from wheat and soybeans.
The biggest U. S. and Canadian marijuana stocks have been on a wild ride over the last two years, but their share prices are getting pretty high. In October 2017, the Marijuana Index (think of it as the NASDAQ of marijuana stocks) started growing like a weed from $113 on Oct 26, 2017 to $363 by Jan 23, 2018.
The biggest U. S. and Canadian marijuana stocks have been on a wild ride over the last two years, but their share prices are getting pretty high. In October 2017, the Marijuana Index (think of it as the NASDAQ of marijuana stocks) started growing like a weed from $113 on Oct 26, 2017 to $363 by Jan 23, 2018.
On February 26, two of the most popular cryptocurrency indices from the US blockchain and crypto market data company,…
The post Now Live On Nasdaq: Bitcoin and Ethereum Price Indices (BLX and ELX) appeared first on Invest In Blockchain.
Nasdaq has launched real-time bitcoin and ethereum price indexes. The Bitcoin Liquid Index and the Ethereum Liquid Index are the products of Brave New Coin, a blockchain and crypto data company. The stock exchange adds the two new indices to its wide data suite which hosts over 4,000 indices.
On February 11, 2019, Nasdaq, in partnership with New Zealand-based blockchain startup Brave New Coin (BNC), announced the introduction Bitcoin and Ethereum indices as part of its global index service (GIDS).
Phunware is a company that has largely posted losses. According to the Wall Street Journal, the company lost almost $26 million in 2017 and another $3 million during the first half of 2018. Nonetheless, the last couple of months have seen wild trading for PHUN.
Opera Ltd (NASDAQ: OPRA), the Norway-headquartered company behind the web browsers used by over 320 million people, now lets users buy cryptocurrency directly within its mobile app. This service is being rolled out in Scandinavia first due to a local partnership.
Nasdaq has unveiled its comprehensive onboarding process for Bitcoin exchanges looking to use its proprietary surveillance tools as part of efforts to combat wash trading and other forms of market manipulation.
CoinSpeaker
Nasdaq Finally Gives a Green Light to Cryptocurrency
Blockchain technology company Symbiont Inc just got $20 million from a series B funding round. Nasdaq Ventures led the round and is one of Nasdaq’s biggest move towards the crypto market yet.
A Bloomberg report published on January 23, 2019, states the VC arms of Nasdaq Inc. and Citigroup Inc. are among a group of firms that has invested $20 million in Symbiont. io Inc. The company is a blockchain-powered startup which aims to leverage the technology for the benefit of capital markets.
Despite the bear market, and rising camp of naysayers predicting Bitcoin’s demise, Wall Street is steadily plowing funds into crypto. The latest blockchain company to catch investors’ eyes is Symbiont, a New York startup bringing blockchain tech to capital markets.
An EU-based exchange called DX Exchange launched this week. The exchange features tokenized stocks and crypto trading pairs, allowing you to buy stocks like Netflix and Apple on the same platform where you buy cryptocurrencies like Bitcoin Cash and Litecoin.
Latest Litecoin News An Estonian digital exchange is making headlines for good reasons. The company–though based outside the US, allow foreign investors to trade stock derivatives of Facebook, Tesla and eight other NASDAQ listed companies 24 hours a day, seven days a week even when the markets are closed.
Nasdaq has filed a 19b-4 form with the U.S. Securities and Exchange Commission to list and trade shares of Grayscale’s proposed spot Avalanche exchange-traded fund. If approved, the ETF would hold AVAX (AVAX) directly, offering investors exposure to the Avalanche…
Nasdaq has filed form 19b-4 for a Grayscale Avalanche spot ETF Avalanche price was down amid cypto sell-off, but remains bullish above $20. Grayscale has filed an application for approval from the US Securities and Exchange for the listing and trading of shares of an Avalanche spot exchange-traded fund.
As Bitcoin proxy BlackRock IBIT’s correlation with the Nasdaq nears 70%, historical trends point to the likelihood of a soon-to-come divergence in performance. Bitcoin’s (BTC) correlation with the Nasdaq appears to be inching closer to a level that has only…
21Shares has listed three of its crypto-backed ETPs on the Nasdaq Stockholm exchange, further expanding its reach into European markets. According to an official press release, the exchange-traded products issuer has added three new ETPs to the Nasdaq Stockholm exchange.…
Cryptocurrency prices resumed their downward trend after President Donald Trump hosted top executives for the White House industry summit. Bitcoin (BTC) price retreated from this week’s high of $93,000 to $86,000, while altcoins like Ethereum (ETH), Solana (SOL), and Ripple…
Аналитики компании Matrixport заявили, что ближайший уровень поддержки первой криптовалюты составит $73 000, а актив демонстрирует отрицательную динамику на фоне растущих опасений относительно стагфляции на мировых рынках.
Основатель и генеральный директор Galaxy Digital заявил, что в ближайшие полгода биткоин окажется в госрезерве властей США, а значит является выгодным активом для сбережений.
