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An Unintended Consequence of Low Interest Rates? The Big Get Bigger
25.8.2020
As companies have to shift their business model to contend with low interest rates, the largest find themselves in a comparatively better situation
Snappa Joins Companies That Diversified Cash Holdings Into Bitcoin
25.8.2020
Snappa, an online graphics creation company, joined the group of companies diversifying their cash holdings into bitcoin (BTC), with its co-founder and CEO, Christopher Gimmer, describing the world's number one crypto as "a far superior savings technology."
Gimmer went on to give...
Corporate Crypto Reserve Status: Software Firm Snappa Swaps 40% Cash Reserves for Bitcoin
25.8.2020
On Monday, Canadian graphics software company, Snappa, revealed that it was holding bitcoin as a reserve asset. Snappa follows the firms Microstrategy and the Canadian restaurant chain Tahini’s by deciding to convert cash reserves into the scarce crypto asset. The graphics software firm...
Brazilian Crypto Companies to Self-Regulate: Target a $100 Billion Market by Year-End
24.8.2020
Brazilian crypto companies have signed a code of self-regulation that aims to legitimize and to boost adoption of crypto assets in the country. The document was signed under the auspices of Abcripto, the country’s association of cryptocurrency companies. According to regional media reports...
Swiss Crypto Firms Say First Automated, AML-Compliant Bitcoin Transfer Completed
21.8.2020
The new bitcoin transaction automatically complies with the FATF Travel Rule and will save intermediaries from doing it all manually
12 Crypto Firms Authorized to Operate License-Free in Hawaii for Two Years
20.8.2020
The U.S. state of Hawaii has authorized 12 cryptocurrency companies to start operating in the state without needing a money transmission license. No action will be taken against them for conducting unlicensed money transmission activities for two years. Hawaii Green-Lights 12 Crypto Firms Several...
Bitmain Retains Only a ‘Minuscule Lead’ Over Competitor Microbt Amid Ongoing Power Tussle, Says Report
19.8.2020
Bitcoin mining hardware maker Bitmain still has a “minuscule lead” over competitor Microbt despite the former’s ongoing power struggle and supply chain issues, according to Bitmex. Researchers at the derivatives exchange tested flagship products from the two companies...
South African Firms Ordered to Cease and Desist in 2 US States for Crypto Debit Card Fraud
17.8.2020
Two U.S. states have issued emergency cease and desist orders to South African firms and a South African national promoting a cryptocurrency debit card scheme. The companies claim that the card is like a traditional Mastercard but the states say the scheme is fraudulent. South African Firms...
Nasdaq-Listed Firm Marathon Buys 10,500 Next-Gen Bitcoin Miners for $23M
15.8.2020
One of the earliest Nasdaq-listed cryptocurrency mining companies, Marathon Patent Group, announced a new agreement contract with the ASIC mining manufacturer Bitmain. According to the public company, Marathon has agreed to purchase 10,500 next-generation Antminer S-19 Pro models for $23 million....
Singapore’s Central Bank Backs New Code of Practice for Crypto Companies
14.8.2020
The guidance is aimed to assist regulatory compliance and enhance crypto industry conduct under the city-state's payment laws
Big South Korean Companies Preparing For 'Crypto-powered' Era
12.8.2020
More and more big South Korean companies are registering trademarks for crypto exchanges, wallets and other crypto-related services in an attempt to "prepare for the upcoming era of crypto asset-powered finance," per a new report.
According to Chosun, recent moves from conglomerate...
Chinese Province Says It Will Nurture 20 Blockchain Companies by 2022
11.8.2020
Farmers in Hebei Province, China. Hebei Province, China, has embarked on an ambitious three-year blockchain development plan – and has pledged to foster 20 “leading” blockchain firms by 2022.
Per Shanghai Securities News, the plans were unveiled by the IT arm of the Hebei Communist Party of China...
More Than 10,000 New Blockchain Companies Established in China in 2020
9.8.2020
LongHash said China’s blockchain companies have increased substantially and recorded an all-time high in 2020 despite Covid-19
Unchained DeFi Unicorns – The Next Wave of Billion Dollar Companies
9.8.2020
Keld van Schreven is the Managing Director and Co-Founder of KR1 plc, the London listed cryptoasset and blockchain investment company.
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This summer has seen the start of a new hype cycle in technology and finance. The movement is called DeFi, which stands for Decentralised Finance and the good...
Goldman Sachs Cryptocurrency: Possible Collaboration With JPMorgan and Facebook
8.8.2020
Goldman Sachs is considering creating its own cryptocurrency. Having recently appointed a new head of digital assets, the company indicated a possible collaboration with other companies, including JPMorgan and Facebook. JPMorgan has created the JPM coin and Facebook has proposed the Libra...
SEC Looking to Buy a Blockchain Forensics Tool That Analyzes Smart Contracts
6.8.2020
The U.S. Securities and Exchange Commission (SEC) is looking for a blockchain forensics tool to help it analyze smart contracts. In a call for bids to software companies on July 30, the regulator said that the tool must be able to “analyze and detail code within blockchains and other...
Do You Know The Most Valuable Blockchain Companies?
4.8.2020
Ripple ranks the highest amongst companies in the Blockchain sector according to the latest annual ranking from Hurun
Big Travel Firm CWT Pays $4.5 Million Bitcoin Ransom to Hackers
2.8.2020
CWT, one of the biggest travel companies in the U.S., this week paid $4.5 million in bitcoin to hackers who infiltrated the firm’s computer system, stealing sensitive corporate data. It is unclear whether customer information was also compromised. Reuters reported that the bitcoin wallet...
Social Media Companies Are ‘Too Big to Fail’
30.7.2020
Social media firms are quickly becoming as important to the economy, finance and real life as Wall Street titans. TBTF companies demand special attention
The Onecoin Debacle: Indictments Unsealed, 2 Dead in Mexico, Story Gets ‘Darker’
29.7.2020
The Onecoin fiasco is still making headlines these days as a number of alleged money laundering companies were exposed on July 25, two Onecoin leaders were recently killed in Mexico, and the British author Jamie Bartlett revealed a new “Missing Cryptoqueen” episode is coming soon....