Companies

US SEC Targets Crypto Startup For Illegally Raising $13 Million

Two years after Bitcoin’s ATH, the US SEC still continues to deal with cases involving illegal fundraising by crypto-based companies. SEC Sets its Sights on Latest Crypto Project It has been two years since Bitcoin (BTC) reached its all-time high, with its price reaching $20,000. However, the market surge that allowed its price to go...
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Indian State of Kerala to Produce 20,000 Blockchain Specialists in 2 Years

Beijing’s sudden rush into blockchain development and digital currency hasn’t gone unnoticed. From America to Europe and back to Asia, governments have started thinking about this new racetrack in more serious terms. India has a history of tensions with China, although the countries have a lot in common as well. The two regional rivals share...
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Japanese Crypto Exchange Coincheck To End Leveraged Trading

The Tokyo-based crypto exchange, Coincheck, announced that it is terminating its leveraged trading service, in a blog post this morning. Settlement and Transfer Deadlines The planned end date for leveraged crypto trading is 12:00 on Friday, March 13, 2020, by which deadline all open positions should be settled. Customers will then have until the end...
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PayPal Files Lawsuit Against CFPB Over ‘Confusing’ Digital Wallet Rules

PayPal, the leader in online wallet payments, has filed a suit against the US Consumer Financial Protection Bureau (CFPB) over new rules requiring overly strict and constraining reporting for its digital wallets. Complaints of Unnecessary Reporting The CFPB has announced a campaign to regulate so-called prepaid cards, to avoid money laundering. In the lawsuit, filed...
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Bitmain Begins Expansion into South America

Bitmain is looking to establish a significant presence as it partners with two Bitcoin mining consulting firms. Meanwhile, co-founder Jihan Wu continues to consolidate his hold on the company amid an ongoing power struggle. Bitmain Partners with Bitcoin Mining Consultants in South America In a press release published on Thursday (December 12, 2019), Bitmain announced...
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Kraken: Keepkey Crypto Hardware Wallet Has an Alarming Flaw

Crypto practitioners who depend on Keepkey hardware wallets to store their coins ought to take a pledge of not discussing it in public. Kraken Warns Crypto Users The warning appears on Kraken’s latest blog post wherein it discusses a serious flaw in all of the Keepkey hardware wallets. The US exchange’s security research wing claims...
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Nobel Winner-Backed Saga Launches Libra-Like Global Coin

London-based blockchain firm Saga announced the launch of its Saga token (SGA). The digital unit represents a global currency that complies with regulators’ requirements. Saga Advised by Nobel Prize Winner, Former Bank of Israel Governor The currency is backed by a basket of fiat currency to avoid high volatility. Thus, it acts like a stablecoin...
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Crypto Merger and Acquisition Activity Totals $4 Billion Since 2013

TokenData decided to analyze merger and acquisition (M&A) activity in the crypto industry, and it discovered over 350 deals worth over $4 billion in the last seven years. The cryptocurrency industry has been around for nearly 11 years now, but that doesn’t mean that it has fully developed as of yet. In fact, it will...
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Overstock Shareholders Compete to Lead Class Against tZERO’s Parent

E-commerce giant Overstock faces a difficult period as several former and current shareholders fight for the status of lead plaintiff in a class action against the company. Overstock’s tZERO Project Created to Be Used Against Short Sellers The investors filed motions earlier this week in an effort to consolidate the five cases against Overstock and...
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SEC May Come Down Harder on Illegal Crypto ICOs

Two years on from the 2017 ICO craze and some crypto projects are calling it quits despite escaping harsh sanctions from regulators. Some commentators say authorities may be forced to adopt harsher punishments for illegal token sales since indicted projects cannot be trusted to pay back investors. Gladius Calls it Quits According to the Wall...
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Ford’s Mustang Mach-E All-Electric SUV Revealed ahead of Tomorrow’s Premiere

As 2019 comes to an end, car lovers will be in for a bit of a treat. Ford (NYSE 8.95) was due to premiere a new fully-electric crossover SUV on November 17, 2019, just as we have already reported. But details and pictures of the new vehicles have leaked a few days early and this...
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XRP Is Down 16% since Swell, Will It Ever Rise Again?

In what has been seen by many in the crypto space as a massive disappointment, Ripple Labs’ XRP token has fallen 16% to new lows since the swell event which held earlier this month in the Island Nation of Singapore. The token which has been seen by many to be one of the most innovative...
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Marsh Secures $150 Million in Crypto Insurance for Ledger’s Vault Users

A global leader in securing crypto assets and one of the most popular hardware wallets Ledger has decided to lure investors to custody their digital assets using its wallet. To achieve this goal, Ledger has partnered with a famous insurance broker Marsh that will help in securing insurance. Marsh has already arranged a $150 million...
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Coinbase Visa Card Expands Offerings in Europe with 5 New Cryptos

It is no secret that cryptocurrency is been used more and more around the world as both an investment tool but also for everyday use and this is being facilitated by many merchants around the globe who are starting to accept cryptocurrency as a form of payment for their goods and services and also the...
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Alibaba Set to Raise Close to $14 Billion from Upcoming Hong Kong Listing

Alibaba Group Holding Ltd., has announced pricing for its soon-to-come share listing in Hong Kong. Estimated to have a target to raise $13.8 billion, the company will be selling 12.5 million shares exclusively to retail investors and has pegged it at HK$188 per share. Roughly $24, the sale will easily take its place as Hong...
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Walmart Canada Launches Blockchain Initiative for Freight Tracking and Payments Management

According to a November 14, 2019 press release, Walmart Canada is now embracing the use of blockchain as they will be launching its use for freight tracking and payment info management. And such an initiative is not surprising. Besides cryptocurrency, it’s most famous offering, taking over the world, there has also been the talk of...
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Crypto Lending DeFi Startup Compound Finance Raises $25 Million Led by Andreessen Horowitz

Compound Finance, a crypto lending and decentralized finance (DeFi) startup has recently raised a massive $25 million in its latest funding round led by venture capital Andreessen Horowitz. This is reportedly one of the largest investments in any DeFi startups to date. Andreessen Horowitz will be pouring money into Compound through its a16z crypto fund....
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UK-based FinTech Firm Revolut Plans to Raise $500 Million for Global Expansion

Revolut, the Britain-based digital banking and investing app is currently in discussion with global investors to push its expansion plans. As per the Reuters report, Revolut is planning to raise nearly $500 million as the company plans to expand its operations to Japan and the United States. On Tuesday, November 12, during an interview with...
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Non-Profit hybrix Promotes Blockchain Harmony at California Festival

While blockchain technology is promoting ground-breaking innovations across the spectrum, the sheer number of platforms and complexity in using their services continue to be a roadblock for many users. Mass adoption is very difficult to promote around the world without ease of access for everybody who wants to work in the space. While cryptocurrencies provide...
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Nike Leaves Amazon and Others May Follow It in This Decision

In a surprise turn of events, footwear maker Nike has decided to terminate its relationship with technology giant Amazon and it will no longer sell its goods on the retail website of Amazon. In a statement Nike said: “As part of Nike’s focus on elevating consumer experiences through more direct, personal relationships, we have made...
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PayPal Axes Pornhub Performers Payments Model as Verge Stands to Gain

In one sudden and swift move payments giant PayPal has cut off the thousands of performers on adult behemoth Pornhub that depended on the payment service to receive their payments. The pornographic platform indicated this in a blog post in the help section on the website. They wrote: “We are all devastated by PayPal’s decision...
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Brave Launches Brave 1.0 Browser that Provides Enhanced Security and Anonimity

Brave Software, a company co-founded by Mozilla CEO Brendan Eich, has announced the launch of its free open-source browser Brave 1.0. Brave is based on the Chromium web browser and blocks malware ads and website trackers, keeping users’ data safe and secure. It offers the so-called Brave Rewards program that monitors users’ attention on sites...
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Motorola Announces New Version of Popular Razr with a Foldable Screen

Motorola has announced its next smartphone, a rehash of the much older Razr flip phone series which was initially released back in 2003. The new Razr which is scheduled for release next year will be foldable but unlike its ancestors, will have no buttons. For some, it would seem like phone makers are becoming quite...
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OneConnect Financial Technology Files for IPO in the U.S.

It has been evident in the last few years that companies within the blockchain, cryptocurrency and fintech space are receiving a lot more institutional backing after years of being rather niche sectors of the business world. This is evidenced by the fact that many more prominent firms are taking on blockchain technology such as MasterCard,...
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Google Partners with Citi Bank Offering Checking Accounts to Rival Big Techs in Banking Dominance

Technological advancements have shaken up every sector of the global economy in recent years. Now, the banking space is under siege from various tech giants. These big tech companies see financial services as a method of getting closer to users and collecting valuable data.  Interestingly, Apple Inc. introduced a credit card this summer in partnership...
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Coinbase Joins Regal Assets to Offer Insured Crypto IRAs

Regal Assets, an alternative investments firm, partnered with custodian Kingdom Trust and crypto exchange Coinbase to develop and provide a fully insured Bitcoin and cryptocurrency individual retirement accounts (IRA) in the US. Coinbase Steps Into Crypto IRAs Bitcoin and crypto IRAs aren’t a novelty in the US, but the trio wants to take this financial...
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Telegram Denies Almost Everything in Latest Court Response

Telegram finally responds to the US SEC’s complaint about its ICO, which the US regulator believes to be illegal by denying all allegations. Telegram, a company behind one of the most popular messaging apps by the same name, became a topic of controversy somewhat recently. The matter revolves around its cryptocurrency project, Telegram Open Network...
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Everything You Need to Know about Multichain’s Service Portfolio

Multichain Ventures positions itself as an end to end blockchain solution provider for developers, merchants, and crypto companies. Estimating the cannabis market is highly speculative math. No one really knows the true value of cannabis companies, but with the legalization of marijuana in some parts of the U.S. and Canada, market valuations and acquisition deals...
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The Future of Petcare: How Blockchain Can Help Petcare Companies Gain Integrity?

Don’t we all love pets? These little bundles of joy not only spread love and cheer but also enrich our lives with their company and teach us many things. While pets have been part of human society for ages, it is only today that the pet care industry has grown to such a mammoth size....
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The Garage Incubator Will Help Blockhain Projects in Paris

New French fintech startup incubator called The Garage will help out young people building their own blockchain startups. Damien Daube, The Garage director, said that he sat down with friends wondering “how a perfect blockchain development help hub can look,” thus they have decided to unite the practices from different companies and make the engineer-grade...
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