News Snapshot:
Phate Zhang April 7, 2021 A short-selling report on Tuesday caused Chinese cryptocurrency company Ebang International's ADRs traded in the US market to plunge about 13 percent. Now, the company has refuted the allegations and its shares surged in pre-market trading. On April 6, short-seller Hindenburg Research published a report claiming that Ebang transferred funds illegally through insider trading. As a result, the US blockchain sector plunged. By the close of trading, Ebang was down 12.91% at $5.53 per share, Marathon Patent was down 7.27% and Riot Blockchain was down 4.92%. Notably, just a day before Hindenburg released its short-selling...
