By CCN Markets: Blockchain company Hedera took an ad out in this morning’s Wall Street Journal thanking Facebook for flattering them with their copycat governance model. The ad reads: “Thank you Facebook Libra. Imitation is the sincerest form of flattery.” Facebook: Stealing Logos and Governance Models Since 2018 The move brings to mind Apple’s 1981 Wall Street Journal jab at IBM: It then features a classic Facebook “thumbs-up” like symbol. Hedera is a company built on the Hashgraph distributed ledger technology – the relationship is similar to Charles Hoskinson’s IOHK and Cardano. Interested readers can sign up for a testnet
By CCN Markets: Big Four accounting firm PricewaterhouseCoopers (PwC) is expanding into the cryptocurrency audit business with the launch of a new solution. The firm is expanding its “Halo” suite of auditing tools to provide audit and assurance services to those clients that deal in crypto. According to PwC’s press release: “PwC can currently use this tool to provide assurance services to clients transacting in Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, LiteCoin, Ethereum, ERC20 – OAX token, and Ripple (XRP).” PwC is enabling cryptocurrency adoption PwC’s crypto solution is proof that we are moving toward mainstream adoption of digital
Blackstone-owned IT firm Mphasis has partnered with blockchain tech firm Bitfury to automate and tokenize trade finance processes.
Facebook (FB) has quietly been making significant strides on its internal cryptocurrency initiative, with the latest move taking place earlier this month in Europe. According to a recent report by Reuters, the new fintech firm, Libra Networks, was registered in Geneva on May 2 as a subsidiary of Facebook Global Holdings. Reuters notes the filing shows […]
Kavita Gupta, the managing partner of ConsenSys Ventures, the venture arm of ConsenSys originally bankrolled with $ 50 million by Joseph Lubin, has reportedly left the firm. Gupta was tagged to lead the Ethereum-focused fund when it launched in 2017 and, over her tenure, has invested in startups ranging from BlockFi to Tenta Browser. I guess […]
Roberto Mancone is leaving we.trade, the live trade finance blockchain platform which he helped grow into a legal entity comprising 14 banks.
There’s no question that tennis superstar Serena Willaims is best-known for what she’s accomplished on the court, however, recent revelations show she’s a fairly savvy startup investor as well. First teased by Alexis Ohanian, Williams’ husband and Reddit co-founder, Williams has launched her own venture capital firm, aptly named Serena Ventures. The @serenawilliams has been […]
Voyager (VYGR.V), a cryptocurrency brokerage firm that provides retail and institutional investors with trading solutions, announced Wednesday that it has been listed on the Frankfurt Stock Exchange under the symbol UCD2. We are pleased to share that Voyager is now listed on the Frankfurt Stock Exchange, the 10th largest stock exchange in the world, under symbol […]
Blockchain startup Digital Asset is open sourcing its core software, in part to forge closer relations with other enterprise players.
Blockchain lawyer Andrew Hinkes has joined has joined legal services firm Carlton Fields, where he will focus on litigating cases for token sellers.
The sustained bear market has hit cryptocurrency miners hard and stalled the incredible growth experienced by hardware manufacturers that service the industry. It seems that investors are still willing to pour significant money into the business, however, judging by Canaan Creative’s latest raise.
Canaan Creative Now Worth Billions
Canaan Creative Co. Ltd, the Chinese company behind the Avalon lineup of ASIC mining chips and rigs, has successfully completed a round of financing worth hundreds of millions of dollars according to media reports from the Asian country. According to these reports, citing unnamed informed sources, the mining hardware manufacturer has now received a valuation in the billions of dollars following the latest funding round.
The Malta Financial Services Authority (MFSA) has appointed U.S. cybersecurity company Ciphertrace to help with compliance monitoring of crypto assets. Ciphertrace will be expected to keep track of transactions that pass through local crypto exchanges and digital wallets including ICOs, screening for potential money laundering and terrorism financing violations.
Detecting Illicit Financial Flows
The MFSA is currently sifting through applications from 29 cryptocurrency businesses that are seeking approval to operate as what are known as virtual financial agents (VFAs), the Times of Malta reported on March 11. Once the VFAs have been licensed, understood to be by the end of the month, businesses are expected to submit further applications to operate cryptocurrency exchanges, wallets and initial coin offerings.
Cryptocurrency ventures that don’t wish to convert their holdings to fiat can now pay for legal services with bitcoin cash (BCH) or bitcoin core (BTC) with Atrium. The corporate law firm, which has helped over 300 startups raise more than $ 500 million in venture capital, now accepts direct cryptocurrency payments via Bitpay.
Atrium Fintech and Blockchain Now Accepts Bitcoin
Atrium, a legal services provider focused on high-growth startups, recently announced the acceptance of BCH and BTC payments for its Fintech and Blockchain practice (AFB) via the popular cryptocurrency payment processor Bitpay. Accepting payment in crypto will make engagement easier for its clients headquartered outside of the U.S. or with substantial cryptocurrency holdings.
Blockchain firm Bitfury will develop a bitcoin mining center in Paraguay. The new mining operation is in partnership with Seoul-based research and development firm Commons Foundation.
The collaboration is backed by the government of Paraguay, whose goal is to make the South American country a cryptocurrency mining hub.
The new center, which is a part of Commons Foundation’s “Golden Goose” project, will help to facilitate the innovation of blockchain technology and cryptocurrencies across Spanish-speaking countries. Bitfury will provide product and technical support for the project.
$ 1.7 billion was stolen from cryptocurrency exchanges, custodial services, and in ICO exit scams in 2018. That’s a dramatic rise from the year before, despite the shrinking market. And according to the Q4 CipherTrace Cryptocurrency Anti-Money Laundering Report, that money needs to be laundered. But here’s the kicker: with a global wave of regulations going into effect later this year, laundering cryptos will be increasingly harder to do. CCN caught up with Dave Jevans, CEO of CipherTrace and co-chair of the Cryptocurrency Working Group at the APWG.org to find out what this means. Like Taking Candy from a Baby Of
AtomicPay’s CEO believes that scams and volatility are the primary things holding back public mass adoption of cryptocurrencies. The Thailand-based company is a non-custodial crypto payment processor. They are one of the few crypto payment processors that facilitates payments for multiple cryptos without holding merchant funds in escrow and charging a fee before releasing funds.
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By CCN.com: Heated debates are warming up the icy snow-capped city of Davos during this year’s World Economic Forum. BOE senior adviser yesterday said that cryptocurrencies were worthless. Today, BCG Digital Ventures founder Jeff Schumacher said Bitcoin price will fall to zero. Schumacher is a top investor and relative veteran in the space. He told
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By CCN.com: A publication by accounting firm PwC has placed India on track for a 7.6 percent growth in 2019, setting a path for the country to surpass both the U.K. and France in terms of economy. But ask any economist, and they would point towards why the coveted Gross Domestic Product (GDP) – which
By CCN.com: Throughout the 2017 crypto market bull run, bitcoin price predictions kept the crypto hype train fat and happy. Whether it was eccentric ICO promoter John McAfee promising to emasculate himself if bitcoin failed to reach $ 1 million within three years or Fundstrat setting a “conservative” price target at $ 25,000, every crypto influencer had
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Watchmaker Fossil Group’s shares spiked today on news it had sold some of its smartwatch technology to Google in a deal worth $ 40 million. Announced today and expected to close in January, the deal launched Fossil’s share price as high as 10%. By close, though, it had ebbed back to $ 18.00 for a single-day gain
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