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Nasdaq-Listed Company Xunlei Faces Class-Action for Disguising ICO

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Nasdaq-listed technology firm Xunlei has become the subject of multiple class-action lawsuits from investors who purchased the company’s digital token, Linktoken. Xunlei is accused of misleading investors to disguise an initial coin offering (ICO) through which Linktoken was distributed. Also Read: Survey: 89% of Visa, Mastercard, Unionpay Users Know Crypto – 53% Have Purchased Xunlei CEO … Read more

SPI Solar to Host 5,000 Bitcoin Miners for Chinese VC Fund 500 IPO

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Green bitcoin mining, using renewable energy to produce the cryptocurrency, is in vague across the world. And while generating hydroelectric power from dams have been more widely reported recently, solar power is gaining ground, as exemplified by 500 IPO entering the space.   Also Read: Blockchain Mining Completes Bitfarms Merger, Stock Jumps 49% Sun-Powered Bitcoin … Read more

Long Blockchain Corp Receives Delisting Determination From Nasdaq

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Long Blockchain Corp., the company formerly known as Long Island Iced Tea Corp., has announced that it has received a delisting determination from Nasdaq. The U.S.-based company made headlines in December after its name change triggered a 432% gain in the price of its shares over the course of a single day. Also Read: Bitcoin in … Read more

Bitcoin Mining Manufacturer Canaan May Seek an IPO in Hong Kong or the US

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Securities investors may be able to get more exposure to the bitcoin market soon as one of the leading mining producers, Canaan, is thinking about going public. Everyday people may soon be able to mine cryptocurrency right on their smart TVs, if the company has its way. Also Read: Stanford, Wharton and Georgetown Expand Bitcoin … Read more

Nasdaq-Listed “Blockchain” Companies Hit With New Legal Troubles

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Adding “Blockchain” to the name of their firms have proved to be very beneficial to the top management of publicly listed companies over the past year. However, this tactic also attracted negative attention from regulators, and now two Nasdaq firms are facing additional troubles. Also Read: Robinhood Starts Rolling Out Cryptocurrency Trading Today Class Action Lawsuit … Read more