Iced tea company’s bitcoin plans in doubt after cancelled fundraise

The Antminer S9 has specialized chips capable of computing more than 11 trillion hashes per second. (credit: Bitmain) Last month we covered the story of the Long Island Iced Tea Company rebranding itself as Long Blockchain as part of a broader shift in corporate strategy. The company’s stock price tripled over night. On Friday, we […]

LeEco founder defies China return order, stays in U.S. to fundraise for electric car

(Reuters) — The founder of debt-laden tech conglomerate LeEco has defied orders from Chinese regulators to return to the country before end-2017, saying he needed to stay in the United States as a fundraising for his electric car startup was making progress. The Beijing branch of the China Securities Regulatory Commission (CSRC) issued a notice […]