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Bear Market Forces Bitmain to Close Blockchain Development Center in Israel
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Recent News
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December 13, 2018
Bear Market Forces Bitmain to Close Blockchain Development Center in Israel
The downturn of the crypto market has forced Beijing-based Bitcoin mining giant Bitmain to close its blockchain development center in Israel and lay off all of its employees, Israeli business news outlet Globes reported on December 10, 2018.Shutting Down All Operations in Israel.
December 13, 2018
But It Doesn't Have to Signify Nothing
If you're going to sell, you need to slink quietly out the back door.
December 13, 2018
Major Stablecoin Basis to Close, Return Funds to Investors: Sources
Major United States-based stablecoin project Basis will shut down operations and return most of its funds to investors, crypto news outlet The Block reports today, Dec. 12.Citing "Multiple people with direct knowledge of the situation," the reports states that the algorithmic stablecoin project is set to return the majority of the $133 million in funding it raised in a private placement in April.
December 13, 2018
Binance Launches Blockchain DEX to Compete with Ethereum, EOS, TRON
Binance, the world's largest cryptocurrency exchange by trading volume, is launching its own blockchain that will support the forthcoming decentralized exchange Binance DEX and host its native Binance Coin, the company announced in a Medium post on December 5, 2018.
December 13, 2018
AriseBank Founders to Pay $2.7 Million in Fines to Settle ICO Fraud Charges
A United States federal court has ordered two executives from crypto firm AriseBank to pay nearly $2.7 million in fines, according to a U.S. Securities Exchange Commission announcement Dec. 12.
December 13, 2018
Report: Court Ruling to Return Mistakenly Sent Cryptocurrency Could Set Precedent
A Dec. 12 Business Law Blog post from the University of Oxford Faculty of Law notes possible repercussions for lost and stolen crypto claims following a case in a Canadian trial court earlier this year.
December 13, 2018
Hyperledger Onboards 12 New Members Including Alibaba Cloud, Deutsche Telekom and Citi
Hyperledger has onboarded 12 new members, including such major firms as Alibaba Cloud, Citi, and Deutsche Telekom, according to an announcement published on Dec. 11.Launched in 2016, Hyperledger is an open source project created by the Linux Foundation and created to support the development of blockchain-based distributed ledgers.
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