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.
