Ovestock’s blockchain subsidiary tZero has secured a $5 million investment from Chinese investment firm GSR Capital. Overstock’s blockchain subsidiary tZero has finally secured a $5 million investment from Chinese investment firm GSR Capital, Overstock announced on its latest earnings conference call on May 9. Following an investment in cash and marketable securities, Overstock evaluated tZero’s […]
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Switzerland’s national postal service Swiss Post has cooperated with blockchain firm Modum. Switzerland’s national postal service Swiss Post has cooperated with blockchain firm Modum to further develop a temperature monitoring solution for shipments. The news was reported by Swiss logistics news site Die Post on May 7. Die Post reports that Swiss Post has cooperated […]
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Overstock’s total net revenue reportedly decreased from $445 million in Q1 2018 to $367 million in Q1 2019. Online retail giant and major crypto industry disruptor Overstock.com has seen a 17% decrease in revenue in Q1 2019 from Q1 2018, the firm’s CEO Patrick Byrne revealed in the latest quarterly report released on May 9. […]
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The government of Liechtenstein announced that it has passed new token, virtual asset service provider and blockchain regulation. The government of Liechtenstein announced that it has passed new tokenization, virtual asset service provider and blockchain regulation in a press release published on May 8. Per the release, the new Token and VT Service Providers Act, […]
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Blockchain security and cryptocurrency custody firm BitGo has appointed a Wall Street high-frequency trader as its head of financial services. Blockchain security and cryptocurrency custody firm BitGo has appointed a veteran Wall Street trader as its head of financial services, according to a press release published on May 9. The new hire, Nick Carmi, joins […]
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United States megabank JPMorgan Chase has reportedly rehauled the privacy layer of its blockchain platform Quorum. JPMorgan Chase (JPM) — the United States’ largest bank with over $2.62 trillion in assets — has reportedly rehauled the infrastructure of its blockchain platform Quorum with the help of Microsoft. The development was reported by crypto media outlet […]
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Economist and notorious cryptocurrency critic Nouriel Roubini said that “cryptos is the mother and father of all bubbles.” Economist and notorious cryptocurrency critic Nouriel Roubini said that “cryptos is the mother and father of all bubbles” at the Salt conference in New York. CNBC reported on Roubini’s declarations on May 9. During the conference, Roubini […]
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The Medici Bank comes more than 500 years after the original Banco de’ Medici and aims to “expand financial opportunity across global markets.” A direct descendant of an Italian dynasty that ran a banking empire in the 1400s is launching a new bank focusing on “digital-centric commerce and investing,” according to a news release published on May 8. […]
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Speaking to mainstream media, insiders said a reinvented “PayPal Mafia” had started working at the firm’s blockchain division. Social networking giant Facebook is hiring PayPal staff ahead of its alleged cryptocurrency launch, Bloomberg reported on May 8. Facebook, which has courted rumors over its planned entry into blockchain and payments for around a year, could […]
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The development was revealed during president and CEO Hong Yuan Zhen’s keynote speech at Samsung’s Real 2019 event. The president and CEO of Samsung SDS — an IT and consultancy subsidiary of the South Korean tech conglomerate Samsung Group — has revealed the firm is including blockchain as one of the key technologies for its […]
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