#Business News

Crypto-Brokers Demand Regulations in Hopes to Build Trusted, Respectable Businesses

Circle CEO Announces Eliminating Ten Percent of Staff Citing Regulatory Certainty as Reason

May 23, 2019 by Mohammad Musharraf at Business

Jeremy Allaire, the CEO of Circle, the company behind the famous Poloniex exchange and the USDC stablecoin, tweeted May 22, 2019, that the company was laying off ten percent of their staff at Circle as a result of the restrictive regulatory framework in the United States. The U.S. Needs a...

U.S. SEC Shutters Ponzi Diamond-Backed Cryptocurrency Business

May 22, 2019 by Aisshwarya Tiwari at Business, Crime, News, Regulation

The U.S. Securities and Exchange Commission (SEC) on May 21, 2019, obtained an emergency order to halt the operations of an ongoing $30 million cryptocurrency Ponzi scheme. Necessary Safety Measures The U.S. SEC recently delayed the decision on VanEck’s Bitcoin ETF proposal once again and it’s not hard to guess...

Mike Novogratz’s Galaxy Galaxy Digital Liquidates Block.One Stake for $72.1 Million

May 22, 2019 by Aisshwarya Tiwari at Business, News

According to a press release issued May 21, 2019, Mike Novogratz’s Galaxy Digital Holdings Ltd. Received $71.2 million after it sold its stake in Block.One, the firm behind the EOS blockchain network. Galaxy Digital Will No Longer Hold a Material Investment Position in Block.One Cryptocurrency merchant bank Galaxy Digital Ltd....

Eating a delicious blockchain burger blue

You Are What You Eat: The Place of Blockchain in the Future of Food

May 21, 2019 by Tokoni Uti at Adoption, Blockchain, Business, Cryptocyclopedia, News

As food producers and restaurants come under scrutiny for their quality and content, blockchain has found itself in a whole new emerging market in the form of food tracking. Universally Eating Across cultures and countries, one thing that is consistent between human beings from all walks of life is food....

USDC Stablecoin being put into a mobile phone blue

Coinbase Commerce Adds Support for Circle’s USD Coin (USDC)

May 21, 2019 by Aisshwarya Tiwari at Adoption, Altcoins, Business, News, Stablecoins

U.S.-based Cryptocurrency exchange Coinbase on May 20, 2019, announced that its merchant-oriented service Coinbase Commerce now accepts U.S. dollar-pegged stablecoin USD Coin (USDC). Coinbase Commerce Adds Support for USDC In a bid to foster the adoption of digital currencies among merchants and business owners, Coinbase Commerce has integrated Circle’s stablecoin...

Exchange Platform Cobinhood Accused of Orchestrating Exit Scam

May 21, 2019 by Aisshwarya Tiwari at Altcoins, Business, Exchange, News

Twitter user @SandorReport tweeted on May 20, 2019, that cryptocurrency exchange Cobinhood had pulled an exit scam after it suspiciously filed for bankruptcy and appointed a liquidator to lay off its entire staff. The exchange, however, has not yet confirmed nor denied the accusations levied against it. Another Exit Scam...

Calstone Spreading BLockchain onto the Earth Market Blue

Calastone Launches Blockchain-Based Decentralized Market Infrastructure

May 21, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Blockchain, Business, News

Calastone, a leading global transaction network for the mutual fund industry, has launched its blockchain-powered Distributed Market Infrastructure (DMI) in a bid to enable digitalization and frictionless trading at a global scale, according to a blog post on May 20, 2019. Calastone Integrate DLT As stated in its blog...

Business Man Looking Over a Stack of Cryptocurrencies

Payments Platform BitPay Hints at Adding a Top Five Cryptocurrency

May 20, 2019 by Liam J Kelly at Adoption, Altcoins, Business, Commentary, Event Coverage

The blockchain payments platform BitPay has added a new member to help continue growing its business. In a May 7, 2019, press release, the company announced that Glen Braganza, formerly of WorldPay, would join BitPay’s operations as their Chief Financial Officer. Beyond that, Rolf Haag, head of BitPay’s business solutions,...

Coinbase Earn Services Now Available in More than 100 Countries

May 20, 2019 by Aisshwarya Tiwari at Adoption, Altcoins, Business, News

On May 17, 2019, major cryptocurrency exchange Coinbase announced that it has expanded its Coinbase Earn initiative to more than 100 countries. Towards a More Inclusive Cryptoeconomy The U.S.-based cryptocurrency exchange platform introduced Coinbase Earn in 2018, which allows users to earn digital currencies for answering quizzes, completing simple tasks,...

Facebook Registers New Fintech Company in Geneva

May 20, 2019 by Aisshwarya Tiwari at Adoption, Business, News

Social media firm Facebook has set up a new financial technology firm in Geneva, Switzerland, Reuters reports, May 17, 2019. Facebook Quietly Sets up a Fintech Firm According to a filing with the Geneva Commercial Register, on May 2, 2019, Facebook Global Holdings II LLC registered a firm named Libra...

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