William Hinman, the SEC Director of the Division of Corporate Finance, spoke at the Yahoo Finance Summit, and provided clarity on whether a token sale, ICO or other digital assets are securities or not. First, it is important to understand that this interpretation of what qualifies as a security is not codified into law. It […]
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According to Jonathan Johnson, who now serves on Overstock’s board of directors, the company processes between $68,000 and $120,000 per week in cryptocurrency revenues, primarily through Bitcoin and Ethereum. This is just a fraction of Overstock’s overall business, comprising just 0.2 percent of its total revenue. Yet, even with declining prices for Bitcoin and the […]
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E*Trade plans to upgrade its platform to include a focus on blockchain technology and artificial intelligence, while the firm’s IT strategies shift away from legacy data centers. In addition, E*Trade plans to adopt more cloud-based, and container-based technologies. In an interview with the Wall Street Journal, E*Trade Financial Corp. Chief Information Officer, Lance Braunstein said, […]
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Deutsche Bank and the German insurance group, Allianz have partnered with the car exchange, Auto1 GmbH under the umbrella, Auto1 Fintech to facilitate automobile financing using distributed ledger technology. Together, they will offer this solution as an option for car dealerships to refinance loans and to offer new insurance products to their customers. The company […]
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The international enterprise software developer, SAP has launched a cloud-based, Blockchain-as-a-Service (BaaS) platform. This announcement comes just three weeks after Amazon and ConsenSys announced an enterprise blockchain solution. SAP SE (Systems, Applications & Products in Data Processing) is a multinational software corporation, based in Germany. The company has over 335,000 customers in 80 countries, and […]
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Two firms, VanEck Associates Corp. and SolidX Partners Inc. have filed a request with the SEC to list a Bitcoin ETP. Unlike other rejected ETF filings with the U.S. Securities and Exchange Commission, this fund would be physically backed with actual Bitcoin holdings, fully insured, and targeted to institutional investors with a minimum share price […]
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Samsung appears to be investing heavily into blockchain technology. Earlier this year, the company released a new Bitcoin ASIC chip which was later utilized in Halong DragonMint T1 miners. Now the electronics powerhouse has taken another leap forward with its launch of the Nexfinance blockchain platform on June 4th, as the latest Samsung SDS project. […]
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As reported in FinansWatch, 22 European countries have joined forces to develop a common blockchain infrastructure. The Minister of Industry has confirmed that Denmark will be the first country in the European Union to use blockchain technology in its shipping industry as part of this initiative. The Ministry of Business issued a press release, in […]
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Big companies are getting into the ICO game, crypto and blockchain in general. Previously, Telegram raised $1.7 billion privately before cancelling its public sale. Now the LinkedIn Co-Founder, Eric Ly, has filed Form D with the SEC. With experience as the company’s first Chief Technology Officer, Ly is looking to raise $20 million in a […]
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Large institutions and multinational corporations are scrambling to acquire intellectual property, and Mastercard has submitted a new patent application for a new method of verifying coupon authenticity using blockchain technology. The application that was filed on November 29, 2016 is titled, “Method and System for Authentication of Coupons vis Blockchain” and was published on May […]
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