Category: Business

As bitcoin is turning into a mainstream currency, a lot of new players are trying to get in the mining industry. In 2017 alone, the cryptocurrency saw its biggest rise ever and with the meteoric rise along came new investors and new players eager to have their share of the Bitcoin pie. Tokyo-based GMO Internet Group announced on September 7…

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On September 8, in the Delaware Chancery Court, R3, moved a legal action to its partner Ripple, over the options contract to buy more than $1 billion worth of XRP. As a reaction, in the same day, in a California state court in San Francisco, Ripple sued its partner as well. As a result, the two enterprises are now involved…

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Blockchain technology and its first use case, Bitcoin, is becoming progressively mainstream; there is no doubt about it. After many countries start to show their interest in developing their own digital currency systems, new companies and services are following the trend and are starting to accept Bitcoin as a payment method. Now, the real estate and the commercial property development…

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Entering into a joint venture with Digital X, Stargroup will set foot in the Australian Bitcoin ATM market. The two companies will work together utilizing the existing financial infrastructure, bringing two-way Bitcoin functionality to 500 ATMs owned by Stargroup across the country. Broadening the Reach of Two-way Bitcoin ATMs Bitcoin ATMs are growing worldwide, along with the altcoins, which are…

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Kakao, which led a $3.3 billion merger with IT giant Daum to form Daum Kakao in 2014, is South Korea’s largest messaging and fintech platform. Kakaotalk, Kakao’s flagship messaging application, has a market penetration rate of over 90 percent, with sources including Forbes reporting that nearly 100 percent of households in the country use Kakaotalk as their main communication method….

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Midea, a major Chinese electrical appliance manufacturer with an estimated annual revenue of $22.1 billion, is attempting to revive 21 Inc’s previous vision of integrating bitcoin miners into household appliances. With over 125,000 employees, Midea remains as one of the largest appliance manufacturers in China. The company has significant reach into the Chinese manufacturing and appliance markets, as it controls…

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Blockchain, the leading bitcoin and ether wallet platform with over 16 million active users, officially announced its plan to integrate support for Bitcoin Cash (BCH) users within the next seven weeks. In less than three months, bitcoin users that had the cryptocurrency stored on the Blockchain wallet platform will be able to access their BCH. On August 22, Blockchain co-founder…

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After a meteoric rise in value, the market cap of bitcoin briefly crossed the $70 billion mark, surpassing PayPal by the same metric, the most widely utilized financial network online. Amidst increasing demand from institutional investors and rapid rise in global adoption, the price of bitcoin increased from around $3,400 to $4,400 within a single week. Bitcoin’s market capitalization surpassed…

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Blockchain, the world’s second largest bitcoin (BTC) wallet platform behind Coinbase, fully integrated Ethereum by launching its ether (ETH) wallet on August 17. Users can now trade BTC for ETH directly from its web-based wallet platform through Shapeshift. In a statement provided by Digital Currency Group, the bitcoin-focused investment company which has an ownership stake in Blockchain and ShapeShift, Peter…

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A backlash against BitPay for misleading users has resulted in their software being forked, meaning its code will be altered so that users have a Bitcoin Core based option for bitcore. On August 18, Bitcoin developer Nicolas Dourier begun to fork the code from BitPay’s bitcore so that merchants can get paid in bitcoin while avoiding upgrading to SegWit2x, which…

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