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Investment management firm Invesco has suggested that opportunities exist in China despite the earnings warnings that U.S multinationals have issued in response to the ongoing trade war. Speaking to CNBC, Invesco’s chief global market strategist, Kristina Hooper, stated that U.S. companies have “overly blamed China” for revenue declines: There’s a lot of fear around China.
The post Invesco Bullish on China as US Firms Blame Trade War for Revenue Woes appeared first on CCN
Consulting giant McKinsey & Co recently published a report on the state of the blockchain industry, claiming that while crypto technology has potential, it has been unable to break away from the early “pioneer” phase with most use cases failing to take off. The Report: ‘Blockchain’s Occam Problem’ The report is not entirely critical, stating … Continued
The post Crypto Firms Speak out Against Critical McKinsey Report appeared first on CCN
Earlier this week, an Ethereum startup in Serbia discovered that its advertisements on Google were not being shown in certain regions. As the company investigated the case further, it found out that the keyword “Ethereum” has been completely banned on Google Ads and is not served to users on the platform. Why are Companies Having
The post Did Google Blacklist Ethereum Ads? Crypto Firms Report Issues appeared first on CCN
Thailand’s Ministry of Finance has granted digital asset business licenses to four crypto firms, while rejecting two others.
CoinDesk
This week, a major crypto exchange ShapeShift was forced to lay off 30 percent of the company’s workforce, letting go 37 employees. In a letter to the company and to the users on the platform, ShapeShift founder and CEO Erik Voorhees said that the crypto winter had left the firm with no other viable choice
The post Why Big Crypto Firms Like ShapeShift & ConsenSys Laid Off Many Employees appeared first on CCN
The post Algo Capital to invest $ 100M in promising firms created on Algorand Platform appeared first on CoinReport.
Over a dozen firms in the cryptocurrency sector are under investigation by UK’s financial regulator, reports the Financial Times. According to the business publication, the Financial Conduct Authority (FCA) disclosed on Sunday that 18 companies were being investigated over their involvement in selling cryptocurrencies. Additionally, alerts and warnings had been sent to another dozen or … Continued
The post UK Regulators Probe 18 Crypto Firms for Fraud and Illegal Operations appeared first on CCN
In a bid to provide services for institutional investors, investor tools provider Picks & Shovels is merging with crypto accounting startup CoinVantage.
CoinDesk
Binance has released what it describes as a “long-awaited” feature on its exchange, sub-accounts. Sub-accounts will be accounts that do not have full control over the assets in the trading account – ideal for trading firms who are looking to get into cryptocurrency and firms that are already trading in cryptocurrency with multiple desks. At
The post Binance Extends Support For Larger Trading Firms With New Sub-Account Feature appeared first on CCN
Regulatory uncertainty in Britain’s blockchain sector has emerged as one of the biggest concerns for distributed ledger technology firms in the country. According to research conducted by digital innovation agency Digital Catapult, 74% of blockchain firms in the United Kingdom cited regulatory issues as being one of their key concerns, surpassing other issues such as
The post GDPR Uncertainty a Key Concern of 74% of Blockchain Firms in the UK: Report appeared first on CCN
The post R3, GuildOne to offer DLTs to global petroleum firms on Amazon Web Services appeared first on CoinReport.
On November 15, the crypto market experienced a wipeout of more than $ 27 billion, as its valuation dropped from $ 210 billion to $ 183 billion. As CCN reported, the intensity of the drop reached to a point in which Bitcoin dropped by more than 11 percent, after having defended the $ 6,000 support level for nearly six
The post Crypto Crash Impacts Large Financial Firms as SBI Shares Decline appeared first on CCN
The Financial Services and Markets Authority (FSMA) has added 21 new websites of suspected cryptocurrency scams to its blacklist. Belgium’s financial regulator published the list on its official website, bringing their tally of suspected crypto scams in the country to 99. The agency found that despite their prior warnings concerning the risks associated with crypto
The post Belgium Regulator Blacklists 21 Crypto Firms Suspected of Fraud appeared first on CCN
The post SEC subpoenas many more ICO-funded startups, pushes many earlier served firms to settle cases appeared first on CoinReport.
The post Ubisoft, Ultra, ConsenSys, Enjin, other top gaming, blockchain firms form Blockchain Game Alliance appeared first on CoinReport.
New research from Diar has revealed that while the price of bitcoin remains 40 percent higher than a year ago, and bitcoin miners have achieved record revenues of $ 4.7 billion this year, a host of factors including increased competition and computing power have combined to make bitcoin mining less profitable than before. The report says
The post Bitcoin Mining Firms are Seeing Record Revenues, But Little Profit appeared first on CCN
The US Securities and Exchange Commission (SEC) has been heavily criticized for its actions against Elon Musk’s Tesla, the crypto market and investment firms within the local market. On Sept. 29, Michael Arrington, the co-founder of TechCrunch, announced that his venture capital firm has decided to move out of the US and relocate to Asia
The post TechCrunch Founder Outraged at US SEC, Will Crypto Firms Also Pivot to Asia? appeared first on CCN
Google, the $ 828 billion search engine behemoth, has unbanned crypto-related ads, allowing regulated companies to utilize its platform to advertise their products. In March, Google executive Scott Spencer stated that cryptocurrency investments have potential to cause harm in financial markets, leading the search giant to ban crypto ads. He stated: “We don’t have a crystal
The post Google Unbans Crypto Ads, Will Work With Regulated Firms in US and Japan appeared first on CCN
IBM enjoys the most trust from Corporate America when it comes to enterprise blockchain solutions, and it’s not even close when comparing the rest of the pack. That’s according to Sept. 2018 survey by Juniper Research which found that 65% of respondents would choose IBM Blockchain to deploy distributed ledger technology (DLT) and similar solutions.
Runner-up Microsoft garnered just 7% of the votes. Other companies on the list include Accenture, Deloitte and Oracle.
Continue reading 65% Of Firms Prefer IBM Blockchain Over Microsoft, Others at Crypto Daily™.
The post Deloitte report outlines why telecom, media, entertainment firms should invest in blockchain appeared first on CoinReport.
