Colu May Buy Back ICO Tokens in Pivot Away From Blockchain
Blockchain startup Colu is eliminating blockchain from its business plan.
Retail Giant Overstock Reports Losses, Says Blockchain Business Strong
Retail giant Overstock has released its Q2 2019 financial results, revealing a 23% decrease in revenue and a 19% loss in gross profit.
Dubai to Launch KYC-Focused Blockchain Consortium for Businesses in 2020
A new partnership between the Dubai International Financial Centre (DIFC), Mashreq Bank, and fintech firm Norbloc aims to launch a blockchain-based Know Your Customer (KYC) data-sharing consortium in 2020. The official United Arab Emirates news agency, Emirates News Agency, reported on the new development on July 31.
BitFlyer, Sumitomo Aim to Wrap up the Property Rentals Business With a Blockchain App
BitFlyer Blockchain and Japanese business giant Sumitomo Corporation have joined forces to develop a blockchain service that allows users to sign rental contracts over a mobile app and more.
Trading startup Robinhood raises $323 million, achieving $7.6 billion valuation
Commission-free stock trading startup Robinhood said on Monday it has raised $323 million in a new round of funding that values the company at $7.6 billion.
Top 5 blockchain challenges businesses face
While blockchain technology can offer great opportunities, the hype surrounding it often leads to unrealistic expectations, according to the World Economic Forum.
EY: Blockchain Not Understood by Almost 70% of Firms in Asia-Pacific
Over two-thirds of enterprises in the Asia-Pacific region lack a solid understanding of blockchain tech and how to apply it, a new Ernst & Young (EY) poll reveals.
4 crypto trends for the next 5 years
Not long ago, only a handful of accountants dealt in cryptocurrency. Now, just a few years later, every major financial news outlet dedicates a portion of its coverage to crypto. Times have changed quickly, so what will the crypto accounting industry look like in five years and beyond?
Ex-Bitmain CEO to launch new business within a month, with his former employer as a key client
Details about former Bitmain’s CEO Jihan Wu’s newest venture haven’t been particularly forthcoming.
Coinbase exec says the firm is thinking of supporting margin trading
Emilie Choi, VP of Business, Data & International at Coinbase, said the exchange giant’s next steps will take it to leveraged trading. In an interview with The Block’s The Scoop, Choi said the company is still figuring out the next moves, but conversations have begun.
US LocalBitcoins Trader Who Offered Fake Real Estate Gets 21-Month Jail Term
United States authorities have brought criminal charges against a LocalBitcoins trader in connection with operating an unlicensed money transmission business, a government press release confirmed on May 28.
Maltese Government Awards 19 Blockchain Scholarships Using DLT Fund
The Maltese government has awarded 19 students blockchain scholarships worth a total of 160,000 euro ($179,000), local publication the Malta Independent reports May 23.
Top 6 Cryptocurrency Exit Scams
Every time money is involved in any business model or project, there is a good chance an exit scam will occur sooner or later. In the cryptocurrency industry, such exit scams are a lot more common than one might think.
Singapore Regulator Recognizes Potential of Blockchain for Cross-Border Payments
Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS), said that blockchain has potential for cross-border payments but the agency “does not see much” in retail bank digital currencies. Mohanty delivered his comments at the Blockchain in Business event at the Massachusetts Institute of Technology on May 2.
Square Earnings: Cash App Volume Soars
The bar was high going into Square's (NYSE: SQ) first-quarter earnings report on Wednesday afternoon. The financial-technology company has seen impressive growth over the past year -- both in its underlying business and its stock price. In addition, management has provided an optimistic outlook for continued momentum throughout 2019.
The expert explained why Samsung took up the cryptocurrency
Cryptocurrencies for Samsung are nothing more than just a business diversification. That’s what Vladimir Tomko, Blockchain Cuties CEO, stated in his comment for LetKnow.News.
US SEC Issues Fresh Investor Alert Against Fraudulent Digital Asset Trading Sites
The United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly issued an alert warning investors against fraudulent websites purporting to operate advisory and trading businesses.
Microsoft, Ethereum Group Launch Token-Building Kit for Enterprises
The Enterprise Ethereum Alliance (EEA) and Microsoft have corralled the major blockchain providers behind a new project to help businesses design and create the right sort of crypto tokens for their particular needs.
‘Regulatory Refugee’ Blames SEC for Crypto Winter
Pillar founder David Siegel has targeted much of the blame on the United States Securities and Exchange Commission (SEC) for the flagging performance of the cryptocurrency sector over the past year.
Businesses Increasingly See Crypto Mining Attacks in Cloud Infrastructures
Cryptocurrency mining is reportedly one of the most observed objectives of hackers attacking businesses’ cloud infrastructures, according to a report by AT&T Cybersecurity on March 14.