Crypto Unicorn Circle to Acquire Equity Crowdfunding Platform, ‘Tokenize Everything’

One of the world’s most valuable cryptocurrency companies has acquired a crowdfunding platform as it seeks to fulfill its goal of overseeing the “tokenization of everything.” Goldman-Backed Circle Acquires Crowdfunding Startup Circle Internet Financial, a cryptocurrency unicorn with a $3 billion valuation, has inked a deal to acquire SeedInvest, an equity crowdfunding startup that helps

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John McAfee-Linked Bitcoin Mining Firm Hit with Lawsuit over Pump-and-Dump Scheme

MGT Capital Investments, a bitcoin mining and cryptocurrency investing firm formerly associated with John McAfee, has been hit with a class-action lawsuit over allegations that its former CEO participated in a pump-and-dump scheme that manipulated the price of MGT shares. Bitcoin Mining Firm Faces Class-Action Suit The suit, which was filed by Rosen Law Firm

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Bitmain Likely Lost $400 Million Last Quarter: BitMEX Research

Bitcoin mining behemoth Bitmain likely posted a net loss of nearly $400 million last quarter, the China-based firm’s recently-filed public offering documents reveal. CCN reported yesterday that Bitmain had filed offering documents with the Stock Exchange of Hong Kong (HKEX), ahead of the long-awaited initial public offering (IPO) that promises to be the largest in

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Would You Trade on a Cryptocurrency Exchange Run by Riot Blockchain?

As cryptocurrency trading goes, U.S. residents have access to an enviable array of exchanges and investing platforms. Though barred from some offshore giants like BitMEX and Huobi, it’s tough to complain when platforms such as Gemini, Coinbase, Binance, Bittrex, and Robinhood leave investors with options designed for customers of virtually every skill level and trading

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Riot Blockchain, MGT Capital CEOs Charged in $27 Million Penny Stock Scam

Two of the blockchain hype bubble’s flagship companies now find themselves with new captains at their respective helms, after their CEOs stepped down days after being charged by U.S. regulators with perpetrating a $27 million penny stock scam. Riot Blockchain, MGT Capital CEOs Named in SEC Complaint John O’Rourke, who until this week led biotech-turned-cryptocurrency

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Bitcoin Giant Bitmain Likely Losing Money, Still Has ‘Legendary’ Potential: BitMEX Research

Poor business decisions and a prolonged bear market may have knocked it off its pedestal, but the world’s most valuable cryptocurrency is going to be alright. That’s according to a new report from BitMEX Research, which aims to provide a sober analysis on bitcoin mining giant Bitmain’s planned initial public offering (IPO), which will reportedly

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$15 Billion Bitcoin Mining Firm Bitmain is Losing Competitive Edge: Analyst

The bad news continues to pile up for bitcoin mining giant Bitmain ahead of its historic public offering. According to Bloomberg, market research firm Sanford C. Bernstein & Co. has published a report alleging that the China-based Bitmain, the world’s largest manufacturer of the application-specific integrated circuit (ASIC) devices that dominate the cryptocurrency mining industry,

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ICOs an ‘Unsustainable Financial Bubble’: Jihan Wu

The founder of the world’s most valuable cryptocurrency company said that he does not believe the initial coin offering (ICO) funding model will prove to be anything more than a fad. Jihan Wu, CEO of bitcoin mining conglomerate Bitmain, made this claim during an interview with CoinGeek, arguing that the so-called ICO bubble is “unsustainable”

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Tencent, Softbank, Deny Investing in Bitmain’s Latest Funding Round

Bitmain’s latest funding round is quickly becoming a lot less star-studded. Hong Kong-based financial publication AAStocks reports that both Tencent and Softbank have issued public statements denying their participation in the bitcoin mining giant’s latest funding round, which multiple outlets had said was expected to raise $1 billion. Chinese publication QQ had earlier reported that

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90% of Employees at Major Crypto Exchange Binance Receive Salary in BNB

At the Liechtenstein Cryptoassets Exchange (LCX), Binance CEO Changpeng Zhao told TechCrunch founder Michael Arrington that 90 percent of the exchange’s employees receive their salaries in BNB. “Just one of the interesting things @cz_binance told me this week at LCX event: 90% of binance employees choose to receive their salary in BNB tokens. Smart people,”

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