#business

Papua New Guinea Works With U.S. Blockchain Startup to Operate Special Economic Zone

May 22, 2018 by Cindy Huynh at Blockchain, Business, Finance, News, Regulation, Tech

Ledger Atlas, a US-based blockchain firm founded by Tim Draper’s mentees, Jack Saba and Shane Ninai, recently signed a Memorandum of Understanding (MoU) to “develop and operate”a special economic zone(SEZ) in Papua New Guinea. The economic zone will function like a “free market that pushes all [participants] to provide the...

LMAX Exchange Launches Cryptocurrency Exchange For Institutional Investors

May 22, 2018 by Cindy Huynh at Altcoins, Bitcoin, Business, Ethereum, Finance, News

LMAX Exchange is launching a cryptocurrency exchange called “LMAX Digital Venue” for banks and hedge funds. The UK trading platform will enable institutional investors to purchase and sell cryptocurrencies like bitcoin (BTC), ether (ETH), litecoin (LTC), ripple (XRP), and bitcoin cash (BCH). Meeting a Growing Demand “We are furthering the...

Cryptocurrency Platforms Looking to Apply for U.S. Banking License

May 22, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Finance, News, Regulation

There are reports that some cryptocurrency firms in the U.S. are mulling the possibility of obtaining banking licenses in the country. While crypto regulations remain an ongoing process, such a move would signal a new paradigm for these firms and the market as a whole. A banking license would afford...

British Airways Testing VChain’s Blockchain Check-in Service

May 21, 2018 by Priyeshu Garg at Blockchain, Business, News, Tech

Long security checkup queues at airports, could soon be a thing of the past. Startup VChain is working on a blockchain powered service that, Ira Ariella Khi, says will revolutionize the check-in process in the travel industry. VChain Verification System The new service has already received the endorsement of IAG,...

Moldova Finances Solar Energy With Cryptocurrencies

May 21, 2018 by Cindy Huynh at Altcoins, Business, News, Tech

Sun Exchange, a South African marketplace financing solar power via cryptocurrencies recently partnered with the United Nations Development Programme (UNDP) to power the Technical University of Moldova with cryptocurrency-funded solar energy. The deal should meet most of the University’s energy requirements since the solar-powered rooftop installations would reach 15,000 square...

Reshaping Shopping with AI and the Blockchain: OSA DC Launches Token Sale

May 21, 2018 by Guest Post at Press Releases

After generating more than $1 million in revenue through its platform ALREADY used by 20 retailers, OSA DC plans to scale its model of blockchain transparency and AI efficiency to thousands of supermarkets and retail stores worldwide. While saving retailers billions, the company’s platform will empower shoppers with real-time competitive...

Goldman Sachs’ Cryptocurrency Trading Desk Contradicts Anti-Crypto Stance

Goldman Executive Left Wall Street to Cryptocurrency Sector, Here’s Why

May 21, 2018 by Joseph Young at Altcoins, Bitcoin, Finance, News, Regulation

Timothy Tam, a former statistical arbitrage trader at Goldman Sachs and senior trader at major Asian hedge funds who managed more than $1.5 billion by trading equities, foreign exchange, and convertible bonds, recently explained why he had to leave Wall Street to enter the rapidly growing cryptocurrency sector. Escaping Wall...

Ark ETF Sells Most of Its Bitcoin Due to Poor Performance and Regulation

May 21, 2018 by contributor at Bitcoin, Business, Finance, News

Bitcoin’s rise as an investment tool, which often supersedes its popularity as a digital means of payment, has resulted in the creation of several digital currency financial products. Among them is a feature of the traditional financial markets, the Exchange Traded Fund (ETF), which allows investors to track and invest...

What is EOS and is it a Good Investment?

Commonwealth Bank Of Australia’s CFO Quits To Join EOS VC Firm

May 21, 2018 by Priyeshu Garg at Altcoins, Finance, News

The chief financial officer of the Commonwealth Bank of Australia, Rob Jesudason, is resigning to join a blockchain startup based in Hong Kong known as Block.one as the chief operating officer and president. Block.one is the startup backing the EOS (EOS) virtual currency which is currently the fifth largest in...

Issuing BitLicense Boosted Business Says Head Of New York Finance Services

Genesis Global Trading Joins the League of Bitcoin Businesses Granted New York BitLicense

May 21, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News, Regulation

Genesis Global trading, a reputable cryptocurrency brokerage that services institutional investors and high caliber bitcoin investors have finally succeeded where many firms have failed. The Digital Currency Group-backed firm is now one of five crypto-related businesses to have been granted the New York BitLicense, the others being Coinbase, bitflyer, and...

After Bitmain, Cryptocurrency Exchange Coincheck Announces U.S. Expansion Plans

May 21, 2018 by Priyeshu Garg at Business, Finance, News

Coincheck is plotting a major comeback after its credibility and prospects were brought into question early in 2018. The Japanese cryptocurrency exchange has rebranded itself after a major security breach led to the loss of $500 million worth of NEM coins. In similar news, the world’s largest mining company Bitmain...

Bitcoin Exuberance: Indicative Of A Bubble?

Bitcoin, Not Blockchain, is a Bubble Says Alibaba Founder

May 20, 2018 by Priyeshu Garg at Bitcoin, Commentary, News

Jack Ma, the billionaire founder of Alibaba, is the latest member of the “blockchain only” movement. Speaking during the Second World Intelligence Conference in Tianjin taking place on May 16-18, Ma said that bitcoin, not blockchain is a bubble. He also expressed his dissatisfaction with the level to which the...

HTC Catches Bitcoin Fever, Set to Launch Blockchain-powered Smartphones

May 19, 2018 by Ogwu Osaemezu Emmanuel at Blockchain, Business, News, Tech

Mobile phone giant HTC is not ready to be left out of the blockchain and cryptocurrency movement. The 21-year old mobile phone company headquartered in Taiwan is developing its own Android Smartphone that will be powered by blockchain technology. Exodus not Finney According to The Next Web (TNW), the premium...

Twitter CEO Jack’s FinTech App Square is Surpassing Competitors like Venmo With Bitcoin

May 19, 2018 by Joseph Young at Bitcoin, Business, Finance, News

Square, the FinTech application developed by Twitter CEO Jack Dorsey, has surpassed the growth rate of its competitors like PayPal’s Venmo that have dominated the financial technology sector over past few years. Square’s Market Cap Rises $8 Billion On May 4, BTCManager reported that investors were initially not satisfied with...

Nokia Forays into Crypto: Partners with Blockchain-based Data-sharing Startup Streamr

May 19, 2018 by contributor at Business, Ethereum, News, Tech

We’ve all heard of Nokia and its reliable mobile handsets in the past, but in 2018, Nokia’s developments are not all about cell phones. The Finnish telecom firm along with OSIsoft is joining hands with blockchain-based data sharing marketplace Streamr. The consortium will develop a new software that will allow...

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