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Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump


On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U.S. shares. Canaan shares initially sold for $8.99, but plummeted over 48% on December 16 to $4.65 per share. Since then, Canaan has launched a series of five...

Derivatives Giant CME to Launch Bitcoin Options on Monday


Major financial derivatives marketplace Chicago Mercantile Exchange Group (CME) is seemingly ready to launch its long-awaited options on Bitcoin (BTC) futures on January 13. As BTC's market capitalization is growing, a number of options to trade this cryptocurrency is growing as well. We may...

A Lawsuit Against Bitfinex and Tether Dismissed by Plaintiffs


The plaintiffs in a class-action lawsuit against cryptocurrency exchange Bitfinex and its parent company, iFinex, operator of stablecoin Tether (USDT), accusing them of manipulating the Bitcoin (BTC) market, have voluntarily withdrawn the lawsuit. Filed in the Western District of Washington court...

Video Games Giant Ubisoft Is Looking for Blockchain Startups to Support


Are you developing a blockchain game that could be the next Cryptokitties or even take blockchain games mainstream, if only you had some help from a major company in the field? You’re in luck, because French video games giant Ubisoft is now looking for new blockchain startups it can support....

Fintech Firm With 2m Users Buys Crypto Exchange to Attract Millennials


Dutch fintech company BUX has bought Amsterdam-based social cryptocurrency exchange Blockport for an undisclosed amount in a bid to spark interest from young European investors. BUX says the move will help address “the investing needs of European millennials.” The fintech firm plans to rename...

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