#business News

Clean Swiss Valley with Coins in the Grass

May 28, 2019 by Liam J Kelly at Interviews, Regulation

Regulatory arbitrage has been a huge part of the crypto industry since its inception. Whether it be miners moving from China to Canada to escape bans or exchanges opening up shop in Malta, businesses are always on the hunt for the ever-fleeting “Crypto Valley.” In 2019, however, the list of...

Indian Telecom Firms Set to Deploy Anti-Spam Blockchain Solutions

May 27, 2019 by Aisshwarya Tiwari at Blockchain

Major Indian telecom service providers including Vodafone Idea, Reliance Jio, and Bharat Sanchar Nigam Limited (BSNL) are poised to roll out blockchain-powered solutions to tackle the widespread menace of spam calls and messages faced by more than a billion mobile phone users in India. This according to a report by...

The U.S. Just Got its First Cryptocurrency-themed Cafe

May 23, 2019 by Mohammad Musharraf at Adoption

WPTV on May 22, 2019, reported the establishment of the first crypto-themed cafe in the United States. Located in downtown West Palm Beach, Florida, the cafe, according to its owner Nelson Winter, is an initiative to educate people about cryptocurrencies while also giving enthusiasts a place to hangout and discuss....

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,...

USDC April Audit Report Reveals Backing above 100 Percent

May 20, 2019 by Ashwath Balakrishnan at Adoption, Altcoins, News, Stablecoins

USD Coin (USDC) released its audit report attested by Grant Thornton LLP, which offered insight on the state of token issuance and fiat backing for April 2019. The report, released on May 18, 2019, is part of a monthly disclosure and makes USDC one of the most transparent fiat-backed stablecoins...

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,...

India: Congress Alleges Ruling Party Involved in Bitcoin Scam Worth $763 Million

ZebPay Reminds India to Be Patient in Waiting for Crypto-Friendly Regulations

May 14, 2019 by Liam J Kelly at Altcoins, Bitcoin, Business, Exchange, Regulation

One of the major talking points in the crypto space has been bitcoin’s ability to continually dodge government regulations. And while the protocol is resistant to almost all sanctions, the businesses built on top of the technology aren’t. A primary example of this paradox has been the developments in India...

HTC Pulls Smartphone from Two Major Chinese E-Commerce Platforms

May 14, 2019 by Mohammad Musharraf at Business, News, Tech

HTC has disintegrated sales of its smartphones from major Chinese e-commerce stores after being edged out by new domestic smartphone producers in the market, as reported by South China Morning Post, May 13, 2019. Long-Term Business Strategy The Taiwanese electronics firm HTC that designed the first-ever Android phone in 2008,...

Hupbi Prime and Reserve coming together on a blockchain string

Huobi Prime to Partner with Reserve Protocol

May 13, 2019 by Ashwath Balakrishnan at Business, Exchange, News, Stablecoins

Huobi, an international cryptocurrency exchange, has announced a partnership with Reserve Protocol on Huobi Prime, as officially announced, May 13, 2019. Reserve is launching a USD backed stablecoin with an innovative mechanism to peg it's token to fiat. Reserve Debuts on Huobi Huobi Global, a publicly traded crypto exchange, will...

Sequoia Capital China to Layoff 20 Percent of its Workforce

May 8, 2019 by Ogwu Osaemezu Emmanuel at Business, Finance, Investment, News

Sequoia China, the Chinese arm of Sequoia Capital, could possibly layoff as much as 20 percent of its investment professionals due to an industry slowdown leading to investors' low appetite for risk, reports Reuters on May 6, 2019. Sequoia's Impending Firing Spree Per the report, two sources close to the...

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