Facebook is facing a lawsuit from a group of four plaintiffs who are accusing the social media giant of anti-competitive moves. The complainants are demanding a court order that will force the company to shed some of its weight and sell its assets.The Facebook LawsuitOn Thursday, four tech startups initiated the lawsuit. In the filing, the plaintiffs suggest Facebook’s unlawful moves have built what they describe as a “social data barrier to entry.” This continues to prevent them from being...
Read More »Ripple Is One of the Best Workplaces According to Fortune
Fortune loves to make different kinds of lists for any kind of topic, but this list is a rather interesting statistic. From all the business industries in San Francisco, Fortune listed 35 best workplaces in the Bay Area and Ripple is one of them. Excited to be recognized as one of @FortuneMagazine’s #BestWorkplaces in the Bay Area 2020! https://t.co/ope8KXIRDc— Ripple (@Ripple) January 16, 2020Most of the 35 companies included in the Best workplace list are Information technology companies...
Read More »Crypto Asset Manager Grayscale Set Record with $600 Million in Investments in 2019
The last year of 2019 proved magical for the venture capital firm and crypto-asset manager Grayscale Investments. Recently, the company released its “2019 Digital Asset Investment Report” registering a record-breaking $600 million investment in a single year.The record-breaking yearly performance was the result of a record-breaking Q4 2019. In the last quarter of 2019, Grayscale garnered $225 million in different investment products, clearly hinting at a larger market trend.Besides, the...
Read More »Former CFTC Officials Want to Promote U.S. Digital Dollar Concept in Cooperation with Accenture
The U.S. Digital Dollar concept is being pushed by the former CFTC chairman J. Christopher Giancarlo. Reports indicate that he, Daniel Gorfine and Charles Giancarlo are planning to do this privately. Daniel Gorfine is the former LabCFTC director. Charles Giancarlo is an investor. They have decided to form the Digital Dollar Foundation. It is a non-profit initiative in association with Accenture. They also have plans to work with various professionals to achieve this. They plan to work towards...
Read More »Two Prime’s FF1 Token: New Asset Class with ‘Continuous’ ICO Model
Recently, Hong Kong saw setting up a new fintech startup Two Prime that focuses on the financial application of crypto by introducing a diversified investment model. As a new startup, Two Prime is trying to surprise the world and offer ingenious ideas. Yesterday, the firm announced the launch of FF Accretive Token (FF1) which is ‘a brand new asset crypto class’. According to the company, Two Prime’s FF1 Token combines the features of a close-ended fund, asset-backed token, and a secure store...
Read More »Is XRP a Security? Ripple Class-Action Lawsuit May Not Settle It
The potential ruling on the ongoing Ripple class action lawsuit about XRP is important but will do next to nothing for the asset’s proper classification. Regardless of this, the XRP community – and maybe the crypto world at large – is still waiting patiently for an official end to the legal proceedings.Ripple Class-Action LawsuitIn 2018, a few XRP investors filed a lawsuit against Ripple. The litigants claimed that Ripple issued and sold XRP to them, even though it knew the asset is an...
Read More »Gemini Crypto Custody Branch Now Insured with $200 Million
Gemini crypto exchange was founded by Tyler and Cameron Winklevoss. The company has announced that it has set up its in-house insurance company Nakamoto Limited that will protect its clients against any probable loss of coins stored in its offline vaults. Reportedly, the company has offered a possibly record-breaking $200 million coverage limit for Gemini Custody.Announced on January 16, the captive insurer will cover customers of the crypto cold storage service operated by Gemini Trust...
Read More »Google Parent Alphabet Enters $1 Trillion Club Joining Apple, Amazon and Microsoft
Google‘s parent company Alphabet has hit a new milestone with its market hitting one trillion dollars. Google’s is the fourth global company to attain this feat just after Sundar Pichai became the CEO of Alphabet in December 2019.On Thursday, January 16 closing, the Alphabet stock was trading at $1450 with its market cap striking $1 trillion. In the last year, Alphabet’s stock has surged nearly 50% giving handsome returns to the investors. Thus, Alphabet stock was a shining start in 2019’s...
Read More »Bitcoin Cash Analysis: Primed For More Upsides Above $350
Bitcoin cash price started a downside correction from the $367 high against the US Dollar.The price found support near the $310 level and it is currently surging towards $360.There was a break above a key contracting triangle with resistance near $338 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair could continue to rise towards $375 if it clears the $350 resistance area.Bitcoin cash price is showing a lot of bullish signs above $320 against the US Dollar. BCH/USD...
Read More »Analyst: The Lightning Network Will Keep Bitcoin on Top
Bitcoin is the world’s number one cryptocurrency by market cap. At the time of writing, it is trading for well over $8,700 and has been on a bull run since early January.Why Will Bitcoin Always Be at the Top?There is widespread speculation, however, that the currency may have reached its peak technology-wise. While the asset may be the top cryptocurrency in terms of size and age, there are several new altcoins that have entered the space allegedly capable of outperforming their...
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