Tag Archives: Companies

Photo: Band Protocol / MediumBand Protocol, Sequoia-backed data management company, has launched the mainnet of its decentralized trading app. The news follows Band Protocol’s announcement about going live on Ethereum mainnet.2/ Another key highlight today is the launch of BitSwing Mainnet, which represents a perfect example of dApps made possible with $BAND oracle.?Available now on: https://t.co/I5Phc78KEb— Band Protocol (@BandProtocol) September 30, 2019Features of BitSwingCalled BitSwing,...

Photo: Block.oneThe EOS blockchain developer Block.one has been charged by the United States Securities and Exchange Commission (SEC) over its 2017-2018 ICO which raised about $4.1 Billion during the process. The Commission charged the company with the relatively low sum of $24 Million which boils down to about 0.58% of the sum raised during the offering which is relatively light when comparing the amount raised to the amount charged.Following the DAO report which highlighted several types...

Recently Overstock and its former CEO Patrick Byrne have recently made a lot of headlines. The main reason for that is that Patrick Byrne left the company with a big bang, sold all his equities and didn’t keep it a secret that he had invested in Bitcoin and gold.Now, an investor from Canada – Benjamin Ha, has filed a complaint with the United States Securities and Exchange Commission (SEC) alleging that between May 9 and September 23, 2019, Overstock published “materially false and misleading...

Chinese social media and gaming company Tencent Holding Ltd. took a 29% stake in computer games maker Funcom.With this step, Tencent became Funcom’s largest shareholder and the shares it bought were from KGJ Capital AS.Funcom went through its most profitable year in history and had signed an exclusive partnership with Legendary Entertainment to create a minimum of three Dune games for PC and consoles.Funcom CEO, Rui Casais said:“We are very pleased to see Tencent come in as the largest...

If the signals are anything to go by the acquisition of premier South Korean cryptocurrency exchange Bithumb may fail unless some sort of miracle occurs. The Singaporean based but South-Korean owned BK Global Consortium has allegedly failed to meet up to its commitments as per the deal which saw only a $100 million (a third of the total of 400 Billion South Korean Won or over $330 Million) paid.BK Global Consortium’s Head Kim Byung-gu,n who spearheaded the deal, is said to have asked for an...

After quite a long period of incubation and regulatory pursuits, the Intercontinental Exchange (ICE), eventually launched its Bakkt’s Bitcoin futures contracts last week. The platform had always been heralded as the main ingredient that will serve as the proper Bitcoin catalyst but has failed so far. In fact, a day after Bakkt officially launched, Bitcoin shed almost 20% of its weight and dropped to $8,000 price level for the first time in months.Now Bloomberg reports that analyst from...

There are a lot of solutions for cryptocurrency wallets: applications, desktop versions, hardware pieces. But what could be more convenient than just opening a tab in your browser? Without the need to use special software or carry equipment with yourself, obviously. And is it possible to have a web wallet, that has all the functionality the other types have, without giving up security? We tried to find this out by reviewing some popular web wallets of 2019.Lumi WalletThe registration in Lumi...

In the latest development, Switzerland-based SIX Digital Exchange (SDX) has invited financial institutions from across the globe to back its Initial Digital Offering (IDO). SDX is a blockchain-based utility that is completely owned by the Swiss stock exchange SIX Group.The SIX Digital Exchange plans to launch its IDO in mid-2020. This will be just similar to a traditional IPO except for the fact that the shares will be in the form of security tokens available on the SDX platform.The...

Ripple Labs Inc, the owners, and developers of XRP, has just acquired Algrim, a crypto trading firm which has quite a bit of talent despite its small number of human resources.The six-person cryptocurrency firm which has been around for about a decade gives Ripple Labs a foothold in the crypto-friendly country of Iceland which though smaller than 500,000 people (around 340,000) has been at the center of the crypto space for many reasons one of them being access to cheap electricity.With its...

Recently it has come to light that RSK, an IOVLabs subsidiary, that calls itself the “first open-source smart contract platform secured by the Bitcoin network”, has purchased Taringa. It is important to highlight that it is the most popular Spanish-speaking social network with 30 million users. According to the recently revealed data, this platform is used by 28% of internet users. This figure is better than the results of Snapchat, Skype, and LinkedIn.RSK also has a native token RIF which...