#business News

Over 50 Percent of Square Merchants Ready to Accept Bitcoin, Survey Shows

Bitcoin-Friendly Square Obtains Conditional FDIC Merchant Lending License

March 19, 2020 by Osato Avan-Nomayo at Regulation

The U.S. Federal Deposit Insurance Corporation (FDIC) has granted conditional approval for Square to function as an Industrial Loan Company (ILC). FDIC Grants Square’s Deposit Insurance Application According to a press release issued on Wednesday (March 18, 2020), the FDIC Board approved Square’s deposit insurance application to create a “de...

NYDFS Urges Crypto Market Participants to Plan Ahead Against Coronavirus

March 13, 2020 by Ogwu Osaemezu Emmanuel at Regulation

The New York State Department of Financial Services (NYDFS) has issued fresh guidance to cryptocurrency exchanges and other virtual currency market participants, concerning the latest coronavirus COVID-19 pandemic. The DFS has mandated all bitcoin (BTC)linked businesses in the state to submit a response to it, detailing their preparedness to manage...

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PwC Switzerland Acquires ChainSecurity AG to Boost Blockchain Arm

January 6, 2020 by Aisshwarya Tiwari at Blockchain

PwC Switzerland has successfully acquired ChainSecurity AG, a blockchain startup spun out of the ICE center, ETH Zurich – one of the top research labs in the blockchain security space, reports Investment Europe, January 6, 2020. PwC Set to Expand Its Blockchain Business In a major impetus to its distributed...

Dubai Unveils Ethereum and Hyperledger-Powered Business Registry Platform

October 8, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, Ethereum

Dubai authorities have announced the launch of a Unified Business Registry Platform (UBRP) built on Hyperledger fabric and the Ethereum enterprise blockchain. The primary objective of the UBRP is to introduce a better regulation model and enable license issuers to seamlessly manage their trade licenses and corporate registries, reports Saudi...

Banking Tech Startup Baton Funding Round Raises $12 Million

September 2, 2019 by Ashwath Balakrishnan at Blockchain

Baton has raised $12 million in a Series A funding round led by Trinity Ventures. According to Ledger Insight, the company is building DLT based software for banks that can be immediately integrated on their networks, September 2, 2019. This product would mean that banks no longer have to think...

Mastercard and Bahrain in nlockchain harmony

Mastercard Partners with Bahrain Financial Network for Blockchain-Based Payment Solution

July 31, 2019 by Edoardo Vecchio at Finance

According to a press release from Trade Arabia, July 30, 2019, Mastercard and the Bahrain Electronic Network for Financial Transactions (Benefit), the only financial network in the Kingdom of Bahrain handling ATM and POS transactions, have established a partnership to provide a blockchain solution for banks to enable cross-border commercial...

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World Economic Forum Report Evaluates the Value of Blockchain

July 17, 2019 by Edoardo Vecchio at Blockchain

The World Economic Forum's (WEF's) latest report, published July 16, 2019, aims to provide businesses, governments, and other organizations with a blockchain value framework to help them build out a business case for blockchain investment, and evaluate whether it is worth it or not. The Report In collaboration with the...

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Hong Kong Based Blockchain Firm Set to Go Public in the USA

July 11, 2019 by Ashwath Balakrishnan at Business

A blockchain services firm, Diginex, is set to undergo a reverse merger from 8i Enterprises and go public in the USA. The firm will be listed on NASDAQ following the demerger anonymous insiders told to Bloomberg on July 10, 2019. First Blockchain IPO in the U.S. Diginex Ltd. is set to...

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Blockchain Startup Solve.Care Announces Partnership with Ridesharing Business Uber

July 9, 2019 by Jefferson Nunn at Business

Getting to the doctor from home or work may soon be much easier thanks to a new partnership announced in a press release shared with BTCManager on July 9, 2019, between Uber Health and Solve.care. Catering to the Immobile There are many problems today with access to affordable care, of...

Former Bitmain CEO Jihan Wu Unveils New Cryptocurrency Startup

July 9, 2019 by Anthonia Isichei at Business

According to a report by Bloomberg on July 8, 2019, former Bitmain co-founder and CEO, Jihan Wu, unveiled a new cryptocurrency startup that would offer over-the-counter (OTC) trading and lending services. Bitcoin Investment Startup to Rival Genesis Global In June 2019, BTCManager reported that former CEO of the Bitcoin mining firm, Bitmain, Jihan Wu,...

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Telcoin Partners with Leading Vietnamese Mobile Wallet VIMO for International Remittance

July 2, 2019 by Guest Post at Press Releases

The partnership aims to introduce the fastest, most affordable option for the $1 billion Canada-Vietnam remittance corridor. Singapore and Hanoi, Vietnam— Telcoin Pte. Ltd., a fintech startup leveraging blockchain technology to facilitate high-speed, low-cost international remittances, today announced a partnership with Vimo Technology JSC, operator of leading Vietnamese digital wallet...

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CoinMarketCap Acquires Hashtag Capital to Strengthen Crypto Pricing Algorithm

June 27, 2019 by Ashwath Balakrishnan at Business

CoinMarketCap (CMC) has made their first ever acquisition after buying out Hashtag Capital for their proprietary algorithm called "true price." This will allow the company to go beyond traditional volume-weighted pricing models, as per a blog post, June 26, 2019. Accurate Price Structures Following the acquisition, the team will merge...

Crypto Startup Casa Partners with BlockFi

June 27, 2019 by Aisshwarya Tiwari at Business

Digital assets security company Casa on June 25, 2019, announced a partnership with BlockFi, a fintech firm that offers cryptocurrency loans and interest-bearing accounts. Easing Access to Crypto Financial Products In a bid to provide digital asset holders easy access to BlockFi’s lucrative investment products, Casa has teamed up with...

Quadriga CX CEO Spent User Funds on Margin Trades

June 21, 2019 by Ashwath Balakrishnan at Regulation

The Supreme Court of Nova Scotia has revealed that users' cryptocurrency funds were not maintained exclusively in Quadriga CX's cold and hot wallets, but also on other exchanges and platforms. The now deceased CEO, Gerald Cotton, also used these funds to margin trade in his accounts, as per a court...

Tezos Foundation Hires PwC Blockchain Expert Roman Schnider

June 13, 2019 by Edoardo Vecchio at Altcoins

Roman Schnider is the co-creator of PricewaterhouseCoopers (PwC) Switzerland’s blockchain initiative and is now reportedly joining the Tezos Foundation as CFO according to a post from the Foundation. Foundation Board Strengthens Operations Team in Zug After having worked for 15 years at PwC in various roles including investment banking specialist...

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