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Tag: business

Stellar in Negotiations to Purchase Chain for $500 Million XLM

Category: Altcoins, Blockchain, Business, News, Tech

Stellar in Negotiations to Purchase Chain for $500 Million XLM

Negotiations are underway for Stellar to purchase Chain, a blockchain tech startup, for $500 million worth of Stellar Lumens (XLM). Stellar Eyeing to Scoop Chain Engineering Talent San Francisco-based blockchain company, Chain, built a platform called Sequence. Sequence is described by Chain as a “ledger-as-a-service that enables organizations to securely track and transfer balances in a token format.” A tool…

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Irish Banks Withdraw Banking Services of Legal Cryptocurrency Businesses

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

Irish Banks Withdraw Banking Services of Legal Cryptocurrency Businesses

Irish cryptocurrency firms have been forced to cease trading activities or open foreign bank accounts after banks refused to provide their services to the digital asset sector. Irish Firms Face the Heat A report on The Irish Times on June 21, 2018, confirmed the claims of cryptocurrency businesses and listed out several firms facing the unfortunate situation. Cork-based Bitcove, a…

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Square Becomes the Seventh Cryptocurrency Business to Receive BitLicense

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

Square Becomes the Seventh Cryptocurrency Business to Receive BitLicense

While many have criticized the New York authorities over the draconian nature of their BitLicense regulation, it appears the NYDFS has seen reasons to soften its requirements a bit to make it easier for more companies to receive the permit. Now, creators of the Square bitcoin app have been granted BitLicense  – making it the seventh company to receive the…

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SkyCoin Sees Overnight Price Drop Following Crypto Embezzlement Scandal

Category: Altcoins, Bitcoin, Crime, News, Tech

SkyCoin Sees Overnight Price Drop Following Crypto Embezzlement Scandal

Skycoin, a community-owned, peer-to-peer internet was robbed by the firm’s marketing arm EVOLAB of 100,000 Skycoins. The discovery was a critical point for Skycoin as it led to a major sell-off, causing Skycoin tokens to cave in price. Status Update Skycoin was developed by many early contributors to the Bitcoin and Ethereum network. According to China Money Network, it is…

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China’s Rural Areas Display the Economic Benefits of Cryptocurrencies

Category: Bitcoin, Blockchain, Business, Mining, News, Regulation

China’s Rural Areas Display the Economic Benefits of Cryptocurrencies

China’s blanket ban on cryptocurrencies in 2017 took the world by surprise, especially considering that the country is usually at the forefront of adoption for newer technologies. However, the move did little to dissuade citizens from pursuing bitcoin-related activities or propelling blockchain technology. China’s Cryptocurrency Push According to a report on Nikkei Asian Review, China’s infatuation with bitcoin is showing…

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Musicians Have Always Been Ripped off – Here’s how to Fix it

Category: Altcoins, Blockchain, Business, Entertainment, News, Tech

Musicians Have Always Been Ripped off – Here’s how to Fix it

With the advance of cryptocurrencies and blockchain, futuristic economies may attempt to tokenize everything. Things like coffee, groceries, and even artists and musicians. That is correct, anybody could tokenize their ranges of abilities and get paid in crypto, or shockingly better, have their very own token. For the record, these tokens would be validated by a public blockchain, which would…

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Litecoin Sees Increased Adoption by Businesses

Category: Altcoins, Bitcoin, Business, Finance, News, Tech

Litecoin Sees Increased Adoption by Businesses

Litecoin (LTC) is seeing an “incredible amount of interest” from global businesses looking forward to integrating and supporting it, the Litecoin Foundation announced in their Twitter post. At the same time, it reminded its users to ask the companies they do their business with to ask the businesses to let them use litecoin if they want to see more of…

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Novogratz Invests $15M in Cryptocurrency Startup

Category: Altcoins, Bitcoin, Business, Finance, News, Tech

Novogratz Invests $15M in Cryptocurrency Startup

Billionaire investor and former hedge fund manager Michael Edward “Mike” Novogratz has invested $15 million in blockchain startup AlphaPoint Corp., a company that assists institutions in the creation of cryptocurrency exchanges. With this effort, the 53-year-old increased his investment in the cryptocurrency and blockchain sector, supporting the acceleration of growth of AlphaPoint, the leading exchange technology platform provider. The Rise…

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Israeli Social Media Business Wants to Pay Employees in Bitcoin

Category: Bitcoin, Business, Finance, News, Regulation

Israeli Social Media Business Wants to Pay Employees in Bitcoin

Israel’s booming technology sector is experiencing a talent shortage, with firms introducing new perks and lucrative benefits to attract skills employees. One such firm is offering a digital currency incentive. Firm Propagates Bitcoin Adoption According to a report on local news Calcalist on June 12, 2018, social network company Spot.IM is offering their employees a salary paid in bitcoin (BTC)….

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What Is Bitcoin Private and Is it a Good Investment?

Category: Altcoins, Bitcoin, Blockchain, Cryptocyclopedia, News, Tech

What Is Bitcoin Private and Is it a Good Investment?

In the past twelve months, there have been a number of hard forks from the Bitcoin Blockchain. These forks have resulted in some altcoins bearing the Bitcoin brand name. While some forks have created altcoins with relatively high value, market penetration, and merchant adoption such as Bitcoin Cash (BCH), many have floundered and fallen into near nothingness. What Is Bitcoin…

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