By CCN Markets: An exposé published at TheVerge.com revealed at least one Facebook moderation center is akin to a third world sweatshop. This should come as no surprise given what we already know about Facebook’s company culture. Facebook Whistleblowers Step Forward Facebook outsources moderation services to Cognizant, a publicly-held $ 35 billion firm that apparently does not care about its work conditions. Three anonymous Facebook contractors breached their non-disclose agreements to inform TheVerge about the conditions. They include death of one worker via heart attack, filthy conditions at workstations and bathrooms, bedbug infestation, sexual harassment, verbal and physical altercations, frequent marijuana
Cryptocurrency usage has been expanding globally and a new survey confirms that trend. The poll conducted by Statista shows that the citizens of troubled countries tend to exploit the benefits of decentralized digital money far more readily than the citizens of thriving nations.
Study Determines Global Cryptocurrency Adoption
The 2019 edition of the Statista Global Consumer Survey offers a worldwide perspective on consumption and explores how consumers think. It covers dozens of industries and attempts to answer questions like “How many Americans have a video on demand subscription?” and “What is the demographic profile of online food shoppers in the UK?” It polls more than 400,000 consumers in 46 countries.
The Atlantic reported Sunday that former Starbuck’s CEO Howard Schultz is giving serious consideration to a presidential run in 2020 as an independent candidate. The revelation was made in a recently recorded 60 Minutes interview, The Atlantic said, in a report with a blistering editorial for a headline: “Ex–Starbucks CEO Could Get Trump Re-elected.” Howard
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By CCN.com: Ford gave its fourth-quarter earnings call this afternoon. Despite a serious decline in interest in China and Europe, the company posted a 1% improvement over last year’s Q4 revenues as a whole, and a 2% gain for the whole year. The earnings call was launched as the markets closed with F seeing a
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Bank of America may be eyeing “ATM as a Service” solutions powered by blockchain tech, according to a newly revealed patent application.
Bank of America (BoA) has filed another blockchain patent, documents with the USPTO reveal. The American multinational investment bank stated that it would use blockchain, the underlying technology which powers the world’s leading cryptocurrency Bitcoin, to handle some portions of its cash handling devices. The patent, titled “Banking Systems Controlled by Data Bearing Records, mentioned blockchain
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The heavy selling pressure that has dominated the cryptocurrency markets in recent weeks has coincided with a surge in peer-to-peer (P2P) trade volume across the Localbitcoins markets in Asia and South America. Globally, higher trade activity over the past two weeks has also driven the strongest volume since September 2017, with roughly 12,116 BTC changing hands in the last seven days.
It appears that the popularity of BTC among Venezuelan citizens continues to grow exponentially, despite the introduction of the national cryptocurrency, the petro.
Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina.
Already active in 110 countries and 21 U.S. states, OKCoin USA CEO Tim Byun told Bitcoin Magazine that he is not worried about market volatility as they launch on a new continent:
“Overall, we are very bullish on the cryptocurrencies markets throughout the world and in Latin America in particular. The growth might not be perfectly linear, but we fundamentally believe in the potential of cryptocurrencies to fix what ails many of the infrastructure problems that ail the global economy.”
Popular cryptocurrency exchange OKCoin has recently revealed, through a press release shared with CCN, that it expanded to the Latin American market, with a platform that’s set to let users trade top cryptocurrencies against local fiat currencies. According to the release, OKCoin’s expansion to Latin America comes after it became a fully licensed platform to
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Despite their harsh exterior, banks have been quietly preparing for a world that involves cryptocurrencies. Bank of America has most recently secured a patent for a cryptocurrency aggregation system, one in which big companies store customers’ crypto deposits in an enterprise account involving vaults and offline storage rather than taking on the risk themselves. For example, “deposit
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Bank of America research analysts have predicted that blockchain technology could represent a multi-billion dollar industry down the road, and be of particular benefit for leading companies like Amazon and Microsoft. BoA: Many Can Benefit From Blockchain The analysts predicted the total addressable blockchain market would eventually hit $ 7 billion, but there was not a particular
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New estimates from Bank of America indicate that the global blockchain market could eventually hit $ 7 billion. Even though the analysis didn’t provide an actual timestamp, it outlined that marquee companies like Microsoft and Amazon can benefit greatly from the emerging technology and its widespread adoption.
Blockchain is a ‘Multi-Billion Dollar Opportunity’
According to a research analyst from Bank of America, Kash Rangan, the global blockchain market will eventually hit $ 7 billion, CNBC reports.
The expert also outlined that major companies such as Amazon and Microsoft can capitalize on the widespread adoption of the emerging technology:
The Bank of America have released data that shows how Bitcoin transfers equate to around 6000 times cheaper than the traditional transfer of FIAT currencies at the banks own standard rates. Many do argue that Bitcoin transactions carry a ridiculous expense, however with these findings in mind, Bitcoin is still proving to be a far superior alternative to FIAT currencies.
The findings from the Bank of America show that an international transfer in US Dollars costs on average $ 45.00 per transaction, compared to just $ 0.46 for the same transaction made in Bitcoin.
Digital bank Revolut is planning to expand its operations in America and Russia. Also, payment card provider Fuzex signs an agreement with Dash, a US-based startup offers an alternative to Telegram, and crypto firm Smart Valor receives approval as a financial operator in Switzerland.
Revolut Enters Markets in America, Canada, Russia
UK-based online bank Revolut has some serious plans for expansion this year which include North America and the Russian Federation. Its cofounder and CEO Nikolay Storonsky recently revealed that the waiting list in the US now numbers 60,000 potential customers. Storonsky announced the plans to launch in the United States and Canada during the Techcrunch Disrupt conference noting that his company intends to start issuing its cards no later than December.
North American regulators have revealed that more than 200 cryptocurrency-related cases are being actively investigated, with 46 enforcement actions taken. The coordinated efforts by over 40 jurisdictions in the U.S. and Canada are part of Operation Cryptosweep, aimed at cracking down on unregistered and fraudulent crypto-related investment products.
200+ Cases, 46 Enforcement Actions
The North American Securities Administrators Association (NASAA) announced Tuesday that “more than 200 active investigations of initial coin offerings (ICOs) and cryptocurrency-related investment products are currently underway by state and provincial securities regulators in the United States and Canada.”
Even though the cryptocurrency market has experienced a rough year, miners are still staking their claims across many of America’s small towns. Some people are enthusiastic about a new ‘virtual gold rush,’ but countless others don’t believe the hype.
Cryptocurrency miners have spread across the world in search of striking digital gold. Miners in Fukui Japan are taking advantage of inexpensive electric costs and cheap rents to set up shop.
Others have set up shop across Iceland thanks to cooler temperatures that keep mining rigs free from overheating.
DMG Blockchain Solutions Inc. recently said they began installation of a new electrical transformer and power substation in order to increase mining operations. DMG is a diversified blockchain and cryptocurrency company that works on end-to-end solutions to monetize blockchain’s ecosystem.
DMG Blockchain Solutions Inc. (DMG) announced the kick-off for installation of an 85-megawatt capacity transformer and an electrical substation to help fuel the expansion of their flagship virtual currency mining facility in Canada.
The company’s cryptocurrency mining facilities are used for in-house operations and for clients engaged in Mining-as-a-Service (MaaS). DMG says this hybrid model allows them to scale mining endeavors faster than a pure mining model.
Blockchain operating system and platform developer NYNJA Group, and smartphone manufacturer AMGOO, have announced a plan to distribute the NYNJA Virtual Operating System (vOS), an operating system and platform for the blockchain, by pre-installing it on AMGOO smartphones. The first global market to benefit from this operating system is Latin America.
The NYNJA vOS combines communication and commerce in a platform where security, efficiency, privacy and productivity are the focus. The NYNJA operating system has a communications layer and a secure payments layer, with a multi-currency wallet, and will be pre-installed on approximately 150,000 smartphones per month. The partnership aims to provide exceptional quality tools for communication and collaboration to give Latin Americans access to the reliability and security of blockchain-based commerce, currencies and transactions.
InstaReM, a Singapore-headquartered Fintech company offering digital cross-border money transfers to individuals and businesses, has officially partnered with BeeTech, a São Paulo-based payment service provider for South America. The partnership will utilize Ripple’s blockchain network and represents one of the first times non-bank RippleNet members in Asia and in South America will afford their customers the ability to utilize Ripple-powered payments across multiple markets.
Connecting Asia-Pacific and South America
InstaReM currently offers payment services to more than 55 countries, including many in Southeast Asia and Europe. By partnering with BeeTech, InstaReM now allows its customers to send real-time payments into South America, while BeeTech customers gain instant payout services into InstaReM’s 60 world markets.
Coincheck, the Japanese crypto trading platform that found new owners after it was hacked earlier this year, is now planning to offer services on the US market. The exchange expects to be licensed in Japan next month, according to the chief executive of Monex, the online brokerage which bought the troubled company last month.