Bitcoin Bubble Continues To Deflate As Long Blockchain Gets Delisted

Another pin was stuck into the bitcoin bubble after it emerged Wednesday that Long Blockchain (LBCC) is being delisted by Nasdaq, which had earlier cited the company for "statements designed to mislead investors."

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The company, which made a dramatic pivot from iced tea brewing to blockchain at the height of last December's bitcoin frenzy, announced it received a delisting determination letter from the exchange's Hearings Panel.

Last week, Long Blockchain said in a filing with the

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