Saudi Arabia has reportedly slashed its exposure to Tesla. Part of the SEC’s complaint against Tesla and Elon Musk last year was related to Musk’s claims that Saudi Arabia was backing him in taking the company private. The SEC fined Tesla and Musk separately for $ 20 million each in the debacle. According to the Financial Times, the Saudi Public Investment Fund made a move on January 17th to hedge its investments against expected damage to TSLA stock. They retain their 4.9% holdings in TSLA, but they will not actually lose any money if things go south for TSLA. The arrangement
More than two dozen Proof-of-Stake (PoS) cryptocurrency networks are vulnerable to what has been dubbed a “fake stake” attack. The vulnerability allows a node with a very small stake to overwhelm competing nodes with false data and essentially crash them. Once competing nodes are gone, the attacking node can have a majority of stake on the
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Indonesian unicorn Go-Jek has announced a partnership between the company’s payments platform, Go-Pay, and Filipino cryptocurrency wallet Coins.ph. Local media has reported that the deal will see Coins.ph continue to run as usual, despite Go-Jek now owning a majority stake in the company.
Go-Jek Announces Partnership With Coins.ph
Go-Pay, the payments platform of Indonesia’s largest on-demand service platform, Go-Jek, has announced that it has entered into a partnership with Filipino wallet provider Coins.ph.
Tetras Capital Founding Partner Alex Sunnarborg has revealed that decentralised gambling platform Augur is suffering from the same lack of volume that continues to plague the decentralized application (dApp) ecosystem at large. Reacting to the platform’s weekly report released on January 9, Sunnarborg stated that the total volume of active markets on Augur is, in
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Madison Holdings Group Ltd. has agreed to buy 67.2 percent of Japanese cryptocurrency exchange Bitocean for 1.68 billion yen ($ 15.12 million). Inclusive of fees, the wines and alcoholic beverages company will pay a total $ 30.12 million. According to local media reports, the deal is to be completed through a subsidiary, Madison Labs.
Acquisition to Diversify Operations and Expand Income Sources
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The Bitfury Group has acquired a minority stake in blockchain services firm Final Frontier. Both organizations are looking to utilize each other’s knowledge and experience in the traditional and digital finance spaces to potentially release a new line of financial products and services designed to assist professional investors in getting their hands on digital assets.
“Our mission is to be the bridge for institutions from traditional finance to enter this innovative asset class,” said Final Frontier co-founder Imraan Moola in a public statement. “Bitfury’s technological expertise, combined with our financial markets know-how and track record will allow us to create unique and differentiated financial products and solutions to service our sophisticated investor base.”
Japanese insurance group Sompo Holdings has acquired a 10 percent stake in Bitpesa, a Kenyan digital currency exchange and payments company, for 570 million yen ($ 5.02 million). The deal is expected to further digitize the insurer’s international remittance service.
Sompo Holdings said in an online statement that it intends to use the digital currency-backed fiat remittance business of Nairobi-based BTC Africa, which trades as Bitpesa, to lower the cost and time it takes for global currency transfers.
Rap music legend Drake has reportedly purchased a stake in 100 Thieves, a Los Angeles-based lifestyle, apparel and esports company. According to the announcement, Drake co-led the company’s Series A fundraising round with Scooter Braun, a talent manager and entertainment executive. With the Series A, 100 Thieves has raised more than $ 25 million to date from notable […]
Bithumb, once the 7th largest crypto exchange by trading volume, has reportedly sold a 38% ownership stake to a blockchain consortium based in Singapore for 400 billion won ($ 350 million). According to a breaking report by Coindesk, Bithumb’s BTC Holdings Company confirmed the sale Thursday to BK Global Consortium, a blockchain investment firm formed by Kim Byung Gun, […]
South Korea’s largest cryptocurrency exchange by trading volume, Bithumb, has seen a Singapore-based blockchain consortium become its majority owner in a $ 350 million deal. BTC Holdings Company, which was Bithumb’s biggest stakeholder until Thursday with a 75.99% stake finalized an agreement to sell 50 percent plus one stake for 400 billion won (approx. $ 352 million)
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Bittrex, which is one of the world’s leading cryptocurrency exchanges, has recently bought a 10% stake in the Malta-based blockchain company Palladium, according to recent media reports. Bittrex, founded in 2014, provides digital wallets, real-time trade execution and other security practices.
Palladium was launched to much fanfare back in July this year, with Joseph Muscat – the Prime Minister of Malta – making a speech at the launch event. Mr Muscat claimed that the recent development was the next in a step to turn Malta into the “blockchain island”.
The US crypto exchange Bittrex has become a shareholder in the Maltese Blockchain company Palladium, after buying a 10% stake in the company.
The local news outlet Time of Malta spoke to the founder of Palladium, Paolo Catalfamo who said:
“We are excited to have such a global player on board. Bittrex’s investment in Palladium is a confirmation of Malta’s sound decision to be at the forefront of regulating blockchain technology.”
Before the investment was executed by Bittrex, Palladium was owned by the bank holding company Investar Holding, which held 85% in the company, and an eSports betting platform Unikrn, which held 15% in the company.
Binance Labs has launched a new Incubation Program for cryptocurrency startups to foster promising early-stage blockchain companies and the ecosystem as a whole.
Details Of The Incubation Program
The Binance Labs Incubation Program will be extended over a ten-week with the first batch going live by October. During a recent interview with TechCrunch, Binance Labs CEO Ella Zhang said that each batch would comprise of 8-10 blockchain startups. The first batch will gather at San Francisco, California as the company aims at having at least one incubation program every quarter.
Tokenpay Swiss AG has officially confirmed that it has acquired a 9.9 percent stake in WEG Bank AG in partnership with the Litecoin Foundation. The terms of the agreement will also include options to purchase approximately 90% overall of the bank, pending the customary regulatory approval.
Litecoin Foundation and Tokenpay Acquire 10% of German Bank
Tokenpay has revealed that a strategic partnership between it and the Litecoin Foundation has seen the entities acquire an approximately 10% stake in the German financial institution WEG Bank.
On Monday the blockchain research and development firm, Nchain, announced the acquisition of a majority stake in the Bitcoin Cash-centric startup Handcash. The Handcash platform allows users to send BCH in a contactless manner using near field communication (NFC) technology.
A new AsiaCoin wallet has been released, and this is a mandatory update, so all users have to upgrade their client as soon as possible. In this release, a few issues are fixed, staking has been extend, and much more. Let’s take a look!
Apparently, a lot of AsiaCoin users were experiencing synchronisation issues. I’m not sure whether it just took very long, or whether they didn’t get any connections. Whatever the reason was, the issue should be fixed with the new client.