HIVE BLOCKCHAIN shares to be traded on NASDAQ...Awkward
In a mildly bullish piece of news for the cryptocommunity as a whole, HIVE Blockchain technologies will be traded in the legacy market soon. According to a publication on Cointelegraph, the crypto mining company will have its shares traded on the Nasdaq Capital Markets Exchange.
Not to be confused with our own blockchain, HIVE BLOCKCHAIN is a company that mines Bitcoin and Ethereum with offices in Canada, Sweden and Iceland. They pride themselves in the fact that their mining operations are with clean energy, amidst the whole Bitcoin is destroying the planet gripe.
Prior to this news, the company had already been trading on the TSX Venture Exchange under the ticker HIVE.V. This bit of news that was carried by the official website also stated that it will continue trading on the previously mentioned exchange and so this is basically just an expansion of sort.
HIVE is excited to announce today that it has received approval to list its common shares on the Nasdaq Capital Markets Exchange, where it will begin trading soon. HIVE will also retain its listing on the TSX Venture Exchange (TSX.V).
Awkward...Very Awkward
Is it common thing for two companies in a similar industry to have identical names? I mean, thinking about it on the surface, I feel like this might be a problem for Hive in the long run.
On the surface of it, it feels super weird to even talk about Hive without referring to this community. In fact, it has gotten so bad that I don't see bees in the same way anymore.
Recall that during the early days of Hive(here), there was a "threat" of a lawsuit by this very company that's trading on legacy exchanges. Assuming Hive ever decides to grow out of the crypto scene and enter the legacy market, will this not be a problem?
I did a quick search for "hive blockchain" and the first thing I find wasn't connected to us. In fact, the top data that google algorithm compiled was that the either HIVE blockchain is the priority of the search.
In slightly less sad news, a link to "hive.io" does appear as the third link in the search but I suspect people will assume that we're in some way connected to the other Hive entity. On an even more positive note, at least the other Hive Blockchain entity based in Canada isn't a scam.
This is a rather uncomfortable position for both companies striving for supremacy in the same industry. For now at least, it is safe to say that both entities have been thriving in their own field and I hope everyone succeeds at the end of the day.
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Thats a different company, they do not share any common interest with us on this blog.
I know someone who is in management at Hive Blockchain Technologies in Canada and they are just sourcing power for mining operations, literally barely has anything to do with crypto outside of sourcing green energy for large mining services.
There was a divide in the company and my friend is running the competitor service, ill see if I can find a link to his power company, but its the new trend that Zcash started with Electric coin company in order to sell blockchain services on a contract.
I know mate. Read the full article
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I did, what did I miss?
You're bullish because of an energy reseller?
Mildly bullish, yeah. I like it when a company affiliated with crypto gets positive news.
Also, I was just touching on the common name and shared my thoughts about other issues.
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Sorry, I have a bitter taste about posers in the white paper world capitalizing on crypto in convention economies.
I feel like they are doing nothing, if anything undoing progress crypto has made.
Good reflection though, and for the record I denounced Bitmain when they went public too, I am against allowing the old stock market system to abuse crypto with their shitty ethics.
Oh yeah, I get your point now. I was just excited about crypto getting more exposure but yeah, getting sucked into the traditional market's shitty ethics might just be the price to pay.
Sadly, I think this might just end up being the way that many crypto entities will go in the long run.
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You're probably right.
Yeah the devs here stole their name to confuse people so they buy our HIVE. We probably will get sued in the future, and maybe even have to change our name. The lawyers are gonna tear us apart if they want to. They were here first, also they are a blockchain, so in the eyes of the law they have first right. I don't care, I don't think it will matter that much. HIVE will just hard fork again and that will be their exit scam. Then people they don't like won't get the new airdrop, so someone like me could lose everything over this sort of thing. Very awkward indeed, great post! haha
They were in a time crunch, but someone probably could've come up with a better name than Hive. Makes me think of bees. haha. I still love it, though.