Bitmain and Huobi Plan Layoffs as Cryptocurrency Crunch Begins to Bite
Two of the world’s biggest cryptocurrency companies have confirmed lay-off plans amid an industry crunch that has seen US$170 billion wiped off bitcoin’s market value this year. Beijing-based Bitmain Technology, the world’s biggest maker...
Tech Partners With Irish Red Cross for Blockchain-Powered App
Dublin-headquartered start-up that has developed blockchain technology to distribute international aid in refugee camps, has teamed up with the Irish Red Cross for a new app that brings transparency to charitable donations. The start-up,...
ConsenSys Plans to Spin out Most of its Startups, and it’s Going to Mean...
Layoffs are coming to ConsenSys, the Ethereum-focused startup incubator and blockchain technology conglomerate. According to sources at the company, ConsenSys is quickly spinning out startups that it previously supported, which will drastically impact its...
Facebook Is Developing a Cryptocurrency for WhatsApp Transfers
Facebook Inc. is working on making a cryptocurrency that will let users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India, according to people familiar with the matter.
The...
Peter Thiel Invest in Crypto Platform Layer1
Crypto investment and infrastructure platform Layer1 announced today the closing of $2.1 Million in Seed Funding backed by world-class investors, including Peter Thiel, Digital Currency Group, Jeffrey Tarrant, and more. Layer1 takes concentrated bets...
Pros Are Ditching the Bitcoin Market, JPMorgan Says
The prolonged digital-asset slump is scaring off institutional players, according to JPMorgan Chase & Co., suggesting a fulcrum for cryptocurrency markets is giving way.
“Participation by financial institutions in Bitcoin trading appears to be fading,”...
Blockchain Transparency Institute: Crypto Exchange Volumes Report
Methodologies for our reports have evolved since our initial report focusing primarily on web traffic, followed by our November report, in which we added data collected from exchanges on mobile app usage and API...
Egypt’s Central Bank Studies Issuing Digital Currency
Egypt’s central bank is studying issuing a digital currency, its sub governor Ayman Hussein said at conference in Abu Dhabi on Sunday.
The central bank is conducting the feasibility studies in cooperation with a number...
Porsche arranges acquisition finance loan on BBVA blockchain
BBVA has negotiated and closed a EUR150 million term loan for Porsche Holdings using blockchain technology. The transaction is the latest in a number of notable DLT-based deals conducted by the Spanish bank with...
Bain-Backed Crypto Startup Closes as Securities Laws Bite
The worst thing you can call a cryptocurrency project isn’t a "scam" or a "Ponzi scheme" -- although many have been called that. It’s a "security."
By casting digital assets in with stocks and bonds,...
