Tag Archives: News

Ripple is trapped in a heavy lawsuit, but the plaintiff – a customer named Bradley Sostack – has ultimately run out of time when it comes to responding to the company’s notion to dismiss, and it’s unclear where things will go from here.Where is the Ripple Suit Headed?The lawsuit stems not just from Sostack, but from several customers who seem to think that Ripple is a security and failed to appropriately register. They claim that the company has employed false advertising and that the...

The IT company that backs Coca-Cola’s bottle manufacturing supply chain processes is apparently getting into blockchain technology.Dubbed Coke One North America (CONA), the company claims its pilot project that they are evolving together with software provider SAP is going to be widened from two to 70 of the manufacturers who are delivering the 160,000 bottles to Coca-Cola shops daily.The company said on Tuesday that this blockchain project is focusing on improving distribution for all of the...

So, who is Satoshi Nakamoto? This is a question that has been on the minds of several cryptocurrency enthusiasts for many years, and it has proven to be the constant enigma.Has Satoshi Nakamoto Finally Emerged?Among the people claiming to be the mysterious creator of bitcoin is Australian tech developer Craig Wright, though his claims have often been frowned upon or dismissed by analysts and the public. Recently, Wright was sued by the brother of one of his deceased BTC developers who claimed...

In a recent development, Huawei, the Chinese-owned telecommunications giant, has worked out an agreement with the People’s Bank of China’s Digital Currency Research Unit. This was made known on Nov. 4 via an announcement on the company’s WeChat channel. The announcement didn’t offer any additional information concerning the agreement, neither did it suggest any joint research on digital currencies or blockchain technology.Huawei Fully Invested in BlockchainFor the past few years, Huawei has...

Remember when bitcoin struck the $20,000 mark in December of 2017? Would you believe that it was probably a single entity or individual that made that happen?Bitcoin: Manipulated By a Single Person?This is the news being spewed out by a recent report, which states that the bitcoin price may have been manipulated over the course of 12 months – between March 2017 and March 2018 – by a single person. During this time, the market cap of bitcoin reached a whopping $326 billion, and about half of...

Deserve offers a set of modern services, including setting up the credit card via mobile app in minutes, sending money with unique fees, participating in cashback programs, and much more. Currently, the platform is used by more than 100,000 customers. With the help of Machine Learning, it aims to make the service better and attract people from all over the United States.During the venture funding round, Deserve received $50 million in investments to enhance its services. The money will come...

The fate of Facebook’s Libra cryptocurrency is pretty much hanging in the balance and has somewhat been so since it was first announced a few months ago. There has been so much backlash from authorities, with Congress specifically asking Facebook to halt the development progress until further notice. Now according to Ethereum co-founder Joseph Lubin, the biggest problem that the Libra faces is Facebook itself.Lubin recently spoke to CNBC’s Squawk Box, and specifically mentioned Facebook’s...

Photo: Wikimedia CommonsI have big hopes for Christine Lagarde following her appointment as the new head of the European Central Bank. And here’s why (Warning: libertarian crypto enthusiasts should look away now).A company I co-founded held Bitcoin in the now-infamous Mt. Gox exchange. You may remember that back in 2013-14 it was the world’s leading Bitcoin exchange handling over 70% of all transactions worldwide. But in February 2014 things went horribly wrong as Mt. Gox suspended trading...

Apart from the popularity of its ride-hailing services, Uber is also very well-known as a market player all over the world and especially in the finance sphere for its continuous and rising loss over the years. Recently the company announced a report for its just-ended 3rd quarter which surpassed estimates predicted by financial analysts. However, Uber’s stock (now it’s trading at approximately $31) still lost up to 5% as the company still announced that it had lost well more than $1...

Some think it’s interesting while others consider it spooky but regardless of whether or not there’s a general consensus, everyone agrees that there’s something interesting or fishy happening on Reddit.  A very ominous post published a few years ago has now been edited by an unknown user and edited that’s generally supposed to be impossible.Six years ago, a Redditor simply going by u/Luka_Magnotta, published on the Bitcoin subreddit r/Bitcoin, what is probably the most gloomy Bitcoin future...