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Investors Sue Bitcoin Mining Giant Canaan; Shares Crashed 48% in 3 Months


A securities class action lawsuit has already been filed against the second-largest producer of Bitcoin (BTC) mining equipment, China-based Canaan (CAN). Meanwhile, the price of its shares dropped by almost 50% since the trading begun in November. In their press release, investor rights law firm...

Enjin: An All-in-one Blockchain Gaming Project Giant


Founded in 2009, Enjin is an all-in-one blockchain gaming development and hosting platform. It is the leading blockchain gaming project that has made its name due to its unbeatable ethics and services. Here you can fund, grow, monetize, and design the digital world in the way you want. The aim...

Another Asian Giant-backed Crypto Exchange Set to Enter U.S. Market


International players are looking to move into the American cryptocurrency exchange market – with the South Korean-Japanese chat app operator Line set to open a trading platform in the country. Per Japanese media outlet Coin Post and South Korean newspaper Hanguk Kyungjae, the new exchange will...

Shopify Joins Libra While Quitter Vodafone Advertises Bitcoin on Facebook


Facebook’s coin project, Libra, continues to draw attention despite setbacks, including a shrinking pool of backers and a growing number of worried regulators. But now with JP Morgan seeing potential for the social network’s cryptocurrency and e-commerce giant Shopify joining the Libra...

Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced


Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring...

XRP Friendly Giant SBI in Deal to Use ‘World’s Largest Bitcon Mine’


Crypto-keen Japanese financial giant SBI has confirmed plans to collaborate with Whinstone, an American company that is currently building what will become the United States’ largest data center – and what its operators claim will be the world’s largest Bitcoin (BTC) mining facility. The deal,...

Cosmetics Giant AmorePacific Takes the Blockchain Plunge + More News


Source: a screenshot, Instagram/amorepacific_us Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news South Korean cosmetics behemoth AmorePacific has joined the Kakao...

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