Tag Archives: Companies

The latest reports have revealed that the Bank of New York Mellon has officially joined the Marco Polo trade finance consortium. This consortium is known to run on R3’s Corda and BNY Mellon has become the 28th bank to join. The bank has been constantly investing in the blockchain space since 2015. As we highlighted previously, the investments have significantly increased in recent months.The $373-billion asset bank is reportedly evaluating Marco Polo’s technology intending to onboard clients...

Financial services company MoneyGram International Inc. announced on Monday that a provider of leading enterprise blockchain solutions for global payments Ripple Labs, completed its final $20 million investment in MoneyGram equity consistent to its primarily $50 million equity investment commitment that the company made earlier this year.The price of share Ripple paid was $4.10 that seems to be pretty much higher than MoneyGram’s current price on the market. As per the announcement, the...

It appears that Apple Inc., the maker of the popular iPhone series has indicated a forecast of more than 100 million sales of its next iPhone (iPhone 12 line). Sources indicate that the Cupertino California giant has been informing its partners within its distribution network and supply chain to expect this amount to come next year. Already though, iPhone 11 and iPhone 11 Pro sales are expected to be in the region of 80 million units though an increase in this amount will definitely indicate...

Reality shows have always given the average person the idea and the chance that anybody can be a star.And while that’s true, not everybody is fortunate to actually have a smooth road to stardom – some won’t even get to travel down that road. Luck just isn’t on everybody’s side and that’s quite a hard pill to swallow.But one reality show chooses to challenge that status quo. Fight to Fame is an up-and-coming reality show that will help propel the careers of the qualifiers and will also give...

For more than ten years, different identity thieves, online hackers, and scammers have formed a black market and traded with other people’s data, account numbers, social security numbers, etc. In October, dark web researcher Vinny Troia discovered a similar package that was just sitting there, exposed and non-secured in any way. And it’s worth mentioning that Facebook users (though not only) have suffered once again.The block had 4 terabytes of personal info hidden in approximately 1.2...

Binance yet again greets us as “Binancians” and announces a new project called Troy (TROY) on its Binance Launchpad platform. If you have ever participated in a lottery format token sales, then you already know how it is, but if not, let us explain. Binance already started recording user balances on November 3, 2019. Generally, Binance will record user BNB balances until December 3, 2019 (for a whole month), and the final BNB balance will determine the average BNB amount in the user account,...

Uber Technologies Inc. has had its fair share of woes since its initial public offering (IPO) some months ago in May as it has not been profitable ever since. Now, the ride-sharing company is about to fall deeper into its problems as it has lost the license to operate in London, after several issues.Now Uber is a long way down from its $45 IPO price in May. At the moment, UBER is trading just under $30, representing a 33% loss in about six months. The level is the end result of a 6.3% loss in...

Vitalik Buterin, co-founder of Ethereum, divided the problems into three major categories. The first one is the cryptography related stuff that hasn’t been solved. Despite the industry’s rush to achieve new levels of privacy and scalability, the most important goals are still in progress. The second one is consensus theory, which makes it easy to change and upgrade mining (Proof of Work) and staking (Proof of Stake) algorithms. And finally, Vitalik explains how incentives are essential in...

As far as the cryptocurrency and blockchain sector is concerned, China has recently shot to the forefront and has been making headlines for a few consecutive weeks. The most recent, however, is an official publication that outlines related projects in the country, with a specific focus on the more illicit ones. Written by a joint team of financial and technology bodies in the country, the “Bluebook of Blockchain” was released.The agencies – the People’s Bank of China (PBoC), the Chinese...

Multibillion-dollar luxury brands owner LVMH has reached a deal to acquire Tiffany & Co for $16.5 billion. Sources indicate that the luxury brand owner has finally gained the acceptance of this present deal for acquisition after both boards have approved it.LVMH is known globally for ownership of some of the world’s most luxurious brands which include Louis Vuitton, Christian Dior, and Moët & Chandon among 75 others commonly referred to as the “Maisons” or houses. LVMH has further...