Coinbase is vying for US regulatory approval of its digital asset custodianship services. If they meet the strict guidelines, they may attract a wave of new institutional investors to the industry. Competitors who are also in talks with regulators include Circle and BitGo. The investment bank, Nomura Holdings Inc. joined Ledger and Global Advisors in […]
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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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Nvidia and AMD have been top contenders in the GPU space, with Bitmain and other companies producing ASICs specific to cryptocurrency mining. While these manufacturers have discrete graphics chips, all Intel GPUs are integrated with CPUs as single integrated circuits that handle both functions. Now Intel has confirmed that it will also produce a discrete […]
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Thomson Reuters is arguably one of the most authoritative news and data sources in existence. Many news and media outlets subscribe to the Reuters data feed, from which they get their story ideas and facts. According to an announcement on June 13, Reuters has partnered with MarketPsych Data LLC to expand its data profile to […]
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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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