Crypto EcoBlog
In what seems like a match made in heaven retail giant Walmart and financial services company Green Dot have both decided to extend their partnership beyond the Walmart MoneyCard Program and to build an accelerator that will enable fintech startups to thrive.The retail giant disclosed this yesterday and indicated that the focus of the accelerator would be towards retail products that would in their own words “sit at the intersection of retail…shopping and consumer financial services,”.The...
Read More »DAI and USDT to Lead the Way for Stablecoin Adoption
The cryptocurrency sector is largely an exciting one and there are always new events every day, which shows that there are growth and development being recorded. While crypto adoption is improving, there is a lot more focus on increasing the use cases for Bitcoin (BTC) than most of the others. However now, stablecoins including DAI and Tether’s USDT, are starting to game some traction with traditional institutions for everyday use cases.DAI AdoptionAccording to reports, the DAI stablecoin can...
Read More »Bitmain Files Secret IPO Application with Deutsche Bank as Sponsor
Even though there’s currently no official word from the company, it has been reported that China’s Bitmain Technologies – one of the largest crypto mining manufactures in the world – has secretly made an official application with the United States Securities and Exchange Commission (SEC), to float an initial public offering (IPO). The move is also said to be fully backed by a German multinational financial services company, Deutsche Bank.Because it is supposedly a secret filing, there aren’t...
Read More »HBO Max to Launch in May 2020 and Cost $14.99 a Month
As next year heats up with television streaming becoming one of the key areas of intense competition in the technology and entertainment world, AT&T’s WarnerMedia has indicated that its new streaming service will fall 1 cent below $15 at $14.99 monthly of which it expects users of the service to be more than satisfied with the pricing.WarnerMedia CEO John Stankey at a corporate event in California on Tuesday indicated the media arm’s willingness to commit to the project to the fullest....
Read More »Game Development Studio Scopely Raises $200 Million to Hit $1.7 Billion Valuation
Scopely, the Lon Angeles-based mobile game development platform has recently raised $200 million in the Series D funding round. Until now, the free-to-play mobile-games publisher $458 million in total. With the latest fundraising, Scopley’s valuation has hit a massive $1.7 billion.The Series D funding round was led by NewView Capital, along with participation from the Canada Pension Plan Investment Board (CPPIB), investment firm BlackRock, and Scottish asset management firm Baillie Gifford....
Read More »eToro Hires Alec Baldwin as the Face of Its New CopyTrading Product for U.S. Customers
eToro, one of the world’s most popular trade and investment platforms, has unveiled a new feature that is now available to customers in the U.S. and is called CopyTrading. The new feature was created to make trade and investment decisions very easy or even completely remove the need to make them. CopyTrading allows eToro’s customers to mimic investments moves made by some of the most popular and most trusted traders with this mimicry done automatically without any active moves from the...
Read More »CoinGecko Launches Section for Crypto Derivatives with Futures Next in Line
Photo: CoinGecko / InstagramCoinGecko, a coin market ranking chart aggregator that provides a fundamental analysis of the crypto market, has announced it is preparing to roll out its own section for monitoring cryptocurrency derivatives. According to the company, its offering will be the first of its kind.Announcing: CoinGecko Derivatives! ??At a glance, you'll see aggregated data for the derivatives market including pricing, funding, open interest, volume and more!Currently covering over...
Read More »Former Bank of America Executive Joins Ripple as Head of Regulatory Affairs
The blockchain startup Ripple is currently facing some major regulatory hurdles as investors have raised questions over the state of XRP being securities. To tackle this matter at hand, Ripple has brought some financial industry heavyweights to its board.In one such move, Ripple has recently appointed ex Bank of America executive – Benjamin Melnicki – as its head of Regulatory Affairs. Melnicki’s job at Ripple will be communicating and maintaining absolute transparency regarding Ripple’s...
Read More »China Introduces New Regulatory Agency for Digital Payments and Blockchain Products
In a follow up to what is seen as a follow up to the Chinese blockchain technology buildup, the People’s Bank of China has introduced a regulatory unit under the auspices of the central bank to regulate digital payments, blockchain products and fintech services that center around decentralized finance within the country.Sources indicate that under the new agency, a new system has been put in place to certify about 11 different categories of financial products which are both hard and soft....
Read More »Russian Company Strives to Mine 20% of the World’s Bitcoin Supply
Russia has always had great ambitions, and now this vast country is planning to embrace a significant part of the Bitcoin (BTC) mining industry. To deeper penetrate into this activity, Russian Mining Company (RMC) owned by Russian entrepreneur Dmitry Marinichev is planning to build a new facility in the northern province of Karelia.According to the local news outlet RBC, the equipment for mining will be stationed on the Nadvoitsy Aluminium Smelter, a metalworking plant that is not used since...
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