Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down
Block Inc. posted $1.47B worth of profit in Q2 but BTC trading services profit only accounted for $41 million of that figure, with the firm citing price volatility and a lack of consumer demand.
Report: Japanese Carmakers Toyota and Nissan Enter the Metaverse
Two Japanese carmakers, Nissan and Toyota, have launched operations in the metaverse. Nissan’s virtual showroom can host vehicle launches and other events, while Toyota’s workspaces are being used to hold employee meetings.
Lightning Labs Raises $10M Series A to Be the ‘Visa’ of Bitcoin
Lightning Labs has raised $10 million in Series A financing as it gears up to launch its first paid service for merchants looking to accept bitcoin payments.
Polychain, Bitmain Back $10.7 Million SAFT for Encryption Startup NuCypher
NuCypher, an encryption startup, has raised $10.7 million in a simple agreement for future tokens (SAFT) led by Polychain Capital. Marking the occasion, the company launched its public testnet.
RSK Parent Company Acquires Taringa to Tokenize Social Media
RSK parent company IOV Labs has acquired social platform Taringa to solicit feedback on its offerings and incentivize content creators.
IBM says it’s open to working with Facebook on digital currency
IBM is open to working with Facebook on its digital currency efforts, an executive at the company told CNBC.
Questions over price plunge in hours before Horizon State collapse
Horizon State lost a fifth of its market cap in the hours before the company officially announced it will cease operations due to a legal case in Australia.
Crypto Miner Company CoinMine Scores $2.5 Million in Seed Round
Coinmine, the producers of crypto mining hardware and software, announced a $2.5 million seed round of financing.
Top Blockchain Ideas That May Shape Up the Future of the World
Since its introduction ten years ago, blockchain technology has proven to be a great invention. So far, it has powered many inventions like smart contracts and the Internet of Things (IoT). These inventions will undoubtedly have a lasting impact on humanity.
Prime Trust Launches Instant Settlement Network for Crypto-Fiat Trades
The Nevada-based financial institution Prime Trust has launched a real-time settlement network for asset transfers among its clients, competing with similar services offered by crypto-friendly U.S. banks Silvergate and Signature.
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.
LG CNS to apply blockchain to school lunches
LG CNS has announced plans to develop a blockchain-based food distribution platform that would open up value chain information to consumers.
Italy to Use Blockchain in Baby Food to Enhance its Safety
Italy has always been at the forefront of innovation and security. An Italian startup plans to apply blockchain to baby nutrition safety. The company promises to ensure the safety of 90% of the ingredients used in nutrition products for children within a year.
Ethereum-Based Stock Exchange Plans First Company Listing in June
SprinkleXchange, a stock exchange built on ethereum, is reportedly listing its first company next month.
HTC to Launch EXODUS 1s, Smartphone With Full Node Capacity
Electronics company HTC has announced that it is launching a smartphone to bring crypto and blockchain technology to a wider audience in Q3 2019.
Israel: Institute Sues Professor for Alleged Blockchain Intellectual Property Violation
The Technion Israel Institute of Technology has filed a civil suit against a faculty member for allegedly establishing of a zero knowledge proof technology company and making use of the knowledge developed by him while working at the institute. The news was published by local media outlet Calcalist on April 22.
Biotech Company-Turned-Mining Firm Riot Blockchain Reports 2018 Net Loss of $58 Million
Biotechnology company turned mining firm Riot Blockchain reported a 2018 net loss of about $58 million in its financial report released on April 2.
Food Tech Giant Bühler Reveals ‘Blockchain-Ready’ Tools to Combat Salmonella and E. Coli
Swiss food technology giant Bühler introduced two food safety products that can potentially integrate blockchain at the Microsoft booth at the Hannover Messe industrial event in Germany on April 1. The company reported the news in a press release published the same day.
Google removed 2.3B bad ads
Google is a tech powerhouse in many categories, including advertising. Today, as part of its efforts to improve how that ad business works, it provided an annual update that details the progress it’s made to shut down some of the more nefarious aspects of it.
US Seafood Giant Bumble Bee Foods to Use SAP Blockchain Tech in Supply Chain
North America’s largest branded shelf-stable seafood firm Bumble Bee Foods has launched a blockchain platform for seafood traceability. The project was created in collaboration with German tech company SAP specializing in enterprise software, according to a press release on March 8.