JUNE 28 2019 — Standard Tokenization Protocol, a globally compliant open-source standard and decentralized network for the tokenization and issuance of any asset, announced today the launch of a new “Proof of Business” (PoB) program that will enable companies to stake STPT tokens and earn staking rewards. Through STP Network’s PoB program, any company or […]
Businesses and startups in the cryptocurrency industry are a growing force around the world and services providers are taking note. U.K.’s Corporate Traveller recently began accepting bitcoin cash payments from companies booking flights for their staff, a much needed service for a global sector with so many international events.
People and businesses in need of crypto-friendly banking now have a new service to try. Cashaa is a London-based online platform that recently launched promising one account for old and new money. Its products are targeted at those who are underserved by traditional financial institutions.
Cashaa Offers Startups Banking and Crypto Payment Services
Opening a first bank account can be problematic for young companies in many jurisdictions around the world. The business accounts offered by Cashaa are designed for small and medium enterprises and startups registered worldwide, not only U.K. or EU-based entities. The accounts will allow them to accept both fiat and cryptocurrency payments.
Brian Armstrong, the CEO of cryptocurrency giant Coinbase, recently revealed some interesting insights into his business strategy and video game preferences on Twitter. In response to a tweet by Initialized Capital partner Garry Tan that highlighted how competitive gaming teaches lessons that can be applied to startups and life, Armstrong shared that he sees similarities […]
A business owner who runs a media company in Australia and pays employees remotely in the Philippines has given his honest opinion on what it’s like to use the Lightning Network (LN). Jason Smith’s experience of attempting to use LN for payments was filled with frustration. He reports that the fundamental structure of the offchain solution is riddled with problems.
Also Read: Report: Lightning Network Still Way off Being Ready for Commercial Use
Choosing the best country to set up a business is vital in this digital age, and especially so for crypto companies. As governments around the world continue to learn more about cryptocurrencies and elect to either crack down on them or allow them to flourish, some jurisdictions emerge as being better than others for launching a crypto startup.
Apple is struggling in China, and many investors expected it. What wasn’t expected is the magnitude of which the technology conglomerate has been unsuccessful in winning over the Chinese market. The decline in iPhone sales in mainland China has also reportedly affected the suppliers of the firm, whose values declined following the open letter of Apple CEO Tim Cook in early January. Analysts believe Apple could revitalize its business in China and in Asia, but it will need a miracle and serious discussions on the pricing of the devices. What Apple’s Core Problems are and How They Can be Addressed
Japanese e-commerce giant DMM.com is reportedly exiting the cryptocurrency mining business due to “deteriorating profitability,” local media reported. This news follows an announcement by another major Japanese company, GMO Internet, that it will no longer manufacture and sell mining machines, citing similar reasons.
Out of the Mining Business
Japanese entertainment and e-commerce giant DMM.com Inc. is reportedly exiting the cryptocurrency mining business, according to local media. Toyo Keizai publication reported on Dec. 30 that DMM made a decision to exit the crypto mining business since September. “Deteriorating profitability is the main cause,” the publication quoted the company as saying, elaborating:
Payments company Square is moving into new markets by issuing business loans and will soon move to consumer lending. Its data collecting and analyzing algorithms are deciding creditworthiness letting borrowers arrange their loans in a few taps. According to WSJ reporting, one Texan food truck owner accepted a loan offer within the Square app, then
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According to Daniel H. Gallancy, the CEO of SolidX Partners, it was unrealistic to anticipate Goldman Sachs to run a Bitcoin business before the year’s end. Speaking to Bloomberg, Gallancy, who has been working with a major investment firm in VanEck to introduce a Bitcoin exchange-traded fund (ETF) in U.S. markets, said that investors prematurely
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A major business school in South Korea is now offering a master’s degree in cryptocurrency. Crypto MBA is a one-and-a-half-year program that covers topics such as Bitcoin, Ethereum, smart contracts, crypto funds, Dapp planning, game theory, and how to write persuasive whitepapers. Meanwhile, the government is working on follow-up crypto regulations.
Seoul School of Integrated Sciences and Technologies, often known as Assist, announced on Friday that it is now offering a Master of Business Administration (MBA) degree program dedicated to cryptocurrency and blockchain technology. The new course is “a master’s degree program in blockchain, cryptoeconomics and token economy courses from technological, cryptoeconomic and business strategic perspectives,” the school described.
India’s top ten business school, SP Jain School of Global Management, has issued 1,189 blockchain-based certificates to graduands who recently obtained degrees and professional certifications. The certificates which are now live on the Ethereum blockchain will allow prospective employers and other parties to verify the authenticity of a job seeker’s educational qualifications without having to … Continued
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Sapphire Technology, one of the largest suppliers of AMD-based video cards in the world, has announced that it’s officially entering the cryptocurrency hardware business. The Hong Kong-headquartered company is launching a flagship mining rig.
A New Player Enters the Field
Sapphire’s new rig, the INCA CS-14 Block-Chain Compute System, features 14 RX 470 GPUs and comes preloaded with the Linux operating system and mining software. It is expected to deliver a hash power of 410 MH/s, plus or minus 5 percent, with power consumption set at roughly 1,950 watts. The company claims it has put “over 15 years of know-how manufacturing state-of-the-art graphics cards” into the development of the new cryptocurrency mining rig.
Mike Novogratz, the chief executive officer of Galaxy Investment Partners, recently discussed the challenges of building a cryptocurrency investment firm in the 2018 bear market. But the former Goldman Sachs partner predicts that institutional demand for cryptocurrencies will drive the start of a new bull trend in 2019.
Galaxy Digital CEO Discusses Market Landscape
Novogratz recently opened up about the challenges involved with launching a business in a bear market. But the 53-year-old former Fortress hedge fund manager hopes the group’s cryptocurrency merchant bank, Galaxy Digital, will eventually become the “Goldman Sachs of crypto.”
Michael Novogratz, the CEO of cryptocurrency-focused merchant bank Galaxy Digital LP (GLXY), recently opened up about just how difficult it is to build a business during the ongoing cryptocurrency bear market. In a recent interview with the Financial Times, the former Goldman Sachs (GS) partner and Fortress hedge fund manager discussed his efforts towards building Galaxy Digital into the “Goldman […]
Crypto investor Mike Novogratz has expressed dissatisfaction with the level of difficulty involved in trying to build a cryptocurrency business amidst a persistent bear market, even as he remains bullish on the prospects of his company and the wider crypto space in the long term. Speaking to the Financial Times, the former Goldman Sachs partner and
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Overstock’s highly-touted tZero project has been something of a money pit for the company, costing nearly $ 170 million in overall development costs with no live product yet available. Medici Ventures, Overstock’s blockchain investment arm, has acquired additional subsidiaries on the order of several more millions of dollars in an effort to expand its crypto portfolio. The
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