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Don’t get Excited about Court’s Show Cause Order in Bitfinex-Tether Case
According to the latest revelations, as of April 30, the USDT stablecoin is only about 74 percent backed by fiat equivalent, stated issuer’s general counsel. On Tuesday, Tether’s general counsel Stuart Hoegner wrote in an affidavit that the company behind USDT holds about $2. дальше »
2019-5-4 02:15 | |
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Delusional Elon Musk Predicts Tesla Stock Will Race to $2,900
By CCN: Elon Musk is well-known for making tall claims to drive Tesla stock higher. From promising full self-driving cars in just over a year to deploying millions of robotaxis, Musk has been in overdrive mode to save his company’s stock price from crashing after a horrifying quarterly report. дальше »
2019-5-3 18:48 | |
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Facebook Hunts E-Commerce, Payment Partners for Crypto Push: Report
By CCN: The crypto community hasn’t scared Mark Zuckerberg away from his cryptocurrency ambitions, at least not yet. New details have emerged in a Wall Street Journal report indicating that Mark Zuckerberg’s company is actively looking to ink deals to back its cryptocurrency payments ecosystem. дальше »
2019-5-3 04:39 | |
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Eureka! Tesla Targets $2 Billion in Capital Raise, TSLA Shares Fly
By CCN: Maybe Tesla could be a $4,000 stock after all. Elon Musk has unlocked the formula for gains in the Tesla (TSLA) share price. Tesla’s stock soared as much as 5% after the company unveiled details about a much-needed capital raise in which Musk kept his cards close to the vest during the company’s recent earnings call. дальше »
2019-5-2 18:06 | |
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Crypto Hacks Are on Track to Eclipse $1 Billion in Lost Funds This Year
Crypto security and intelligence firm CipherTrace has published its Q1 2019 Cryptocurrency Anti-Money Laundering Report, revealing that exchange platforms all over the world have lost nearly $400 million as a result of hacks and thefts. дальше »
2019-5-3 17:40 | |
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AP Company, Constructing Blockchain based Decentralized Mileage Unifying & Sharing Platform
Everyday consumers save various mileage points in market activities such as airline mileage, credit card points etc. Every platform says the user can use the saved points like cash, but it doesn’t make sense. дальше »
2019-5-2 14:33 | |
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Ripple Releases 1 Billion XRP ($309 Million) from Escrow
Ripple has released one billion XRP worth about $309 million from its escrow account at the start of May 2019, according to Twitter user Whale Alert. In a recently released Q1 2019 performance, the company revealed total XRP sales of $169 million between January and March 2019. дальше »
2019-5-2 14:00 | |
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Markets Update: Crypto Prices Recover as Bitcoin Cash Leads the Charge Again
On April 25, cryptocurrency markets tumbled after the controversy between the New York Attorney General’s (NYAG) office, the stablecoin company Tether, and Bitfinex exchange. Since then, prices have slightly recovered and the entire cryptoconomy regained $4. дальше »
2019-5-1 17:45 | |
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Controversial stablecoin Tether is only 74 percent backed by cash (and other assets)
Tether’s lawyer has now admitted that the stablecoin is only 74 percent backed by cash and equivalents, according to an affidavit filed on Tuesday. In the filing, Stuart Hoegner, the company’s general counsel, said Tether held approximately $2. дальше »
2019-5-1 13:19 | |
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Apple’s big services push is starting to pay off
Gone are the days when iPhones used to be the center stage of Apple’s quarterly results. Make no mistake, it is still the biggest money maker for the company, but the word “iPhone” appears just once in the Q2 earnings press release, as if it’s a mere afterthought. дальше »
2019-5-1 11:34 | |
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“Holders Are Not at Risk”: Bitfinex Lawyer Responds to NY Attorney General
Bitfinex and Tether’s legal counsel has written a response to the New York Attorney General’s (NYAG) ex parte order, which claims that Bitifinex used Tether’s reserves to cover some $850 million in losses. дальше »
2019-5-1 01:22 | |
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Iceland: Debit Card Company Fined $9.85 Million for Blocking WikiLeaks Payment
Iceland-based debit and credit card company Valitor has been ordered to pay $9. 85 million (1. 2 billion Icelandic Krona) for illegally blocking payments to WikiLeaks in 2010, reports local media outlet The Reykjavik Grapevine, April 25, 2019. дальше »
2019-4-30 16:00 | |
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Even the Galaxy S10 couldn’t save Samsung from a 60% drop in profits last quarter
When Samsung issued its guidance earlier this month, it predicted a decline in operating income by a whopping 60 percent, the company’s biggest decline since a similar drop in the third quarter of 2014. дальше »
2019-4-30 09:58 | |
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‘Japan’s Warren Buffet’ Loses $130 Million in Bitcoin
One of Japan’s most infamous entrepreneurs, Masayoshi Son, lost USD $130 million during the Bitcoin correction that occurred in 2017. Masayoshi Son was dubbed “Japan’s Warren Buffet” in an opinion piece posted by Nikkei Asian Review. дальше »
2019-4-29 21:00 | |
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Crypto Market Loses a Whopping $10 Billion in Wake of Tether/Bitfinex Scandal
On Thursday, the cryptocurrency market took a major hit, dropping more than $10 billion in market cap following allegations surrounding Tether (USDT). According to a press release officially published on the New York Attorney General website, iFinex Inc which is the company behind Bitfinex crypto exchange and Tether Limited, covered up a loss of $850 […] The post Crypto Market Loses a Whopping $10 Billion in Wake of Tether/Bitfinex Scandal appeared first on ZyCrypto. дальше »
2019-4-27 09:00 | |
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Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means
The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million. дальше »
2019-4-27 01:30 | |
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Ford Stock Storms to Best Day in 10 Years & Races Past Tesla Trainwreck
By CCN: The stock price of Ford Motor Company leaped by a staggering 10. 7 percent on Friday, allowing the company to achieve a $41 billion valuation and overtake upstart competitor Tesla in total valuation. дальше »
2019-4-27 01:04 | |
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Uber IPO Hype Machine Sputters as Stock Pricing Exposes True Valuation
By CCN: The Uber IPO is one of the most anticipated stock market debuts of the year as the ridesharing company plans to raise $10 billion, but the company’s amended S-1 filing suggests that it won’t be anything more than a damp squib. дальше »
2019-4-27 19:34 | |
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SoftBank Inks $1 Billion Partnership Deal with Wirecard
Wirecard, a German internet technology and financial services company, has inked a strategic partnership deal that will see SoftBank Group Corp. , a Japanese multinational conglomerate, invest over $1 dollars in the form of convertible bonds in the former. дальше »
2019-4-26 14:00 | |
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Amazon’s Revenue Is Roughly Half that of Walmart, AMZN Stock Yawns
By CCN: Amazon’s stock is flat in after-hours trading after the company destroyed earnings estimates, beating them by a sizable amount – more than 50%. Amazon continues to conquer the world with nearly $60 billion in revenue in the first quarter alone, skyrocketing 17% from the comparable quarter last year. дальше »
2019-4-26 03:34 | |
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Mario Kart Tour could be Nintendo’s biggest smartphone win
Nintendo is preparing to offer up its next mobile game, and rumor has it the company is hoping this one will be a gold mine. Given the franchise it’s from — and what Nintendo has done adapting its less well-known series — it probably will be. дальше »
2019-4-25 20:11 | |
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3M Stock’s Collapse Deals Vanguard a $10 Billion Catastrophe
By CCN: 3M stock (MMM) plunged by 11 percent on Thursday after the $112 billion company unveiled disastrous first-quarter earnings, drastically slashed its full-year guidance, and announced that it would hand out pink slips to 2,000 employees as part of a radical restructuring plan. дальше »
2019-4-26 18:05 | |
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Facebook sets aside billions to pay its way through privacy issues
Facebook may be reeling from a string of privacy disasters, but in terms of sheer usage, the social network continues to be unstoppable in its quest for growth. And in its latest earnings report, the company has revealed that it’s happy to throw money at anything that stands in its way. дальше »
2019-4-25 12:59 | |
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Facebook’s Stock Defies Gravity Despite Looming $5 Billion FTC Probe
By CCN: Facebook’s stock ran up 7. 5% in after-hours trading to $196 after Q1 earnings painted a seemingly rosy growth picture. Revenue exploded by $3. 1 billion to $15. 08 billion, which exceeded estimates. дальше »
2019-4-25 05:16 | |
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‘Tesla Blows’: Elon Musk’s Joke Haunts Him in Mind-Numbing Q1 Miss
By CCN: Tesla’s first-quarter earnings miss was about the size of the Grand Canyon. Yet, investors are not punishing Tesla’s stock. Far from it, in fact, as TSLA shares are currently meandering in and out of positive territory in after-hours trading. дальше »
2019-4-25 02:35 | |
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French Investment Giant Issues 100M Euro Bonds On Ethereum
French financial titan Societe Generale, a multi-national investment bank and financial services company, has just announced the issuance of covered bonds on the Ethereum blockchain. The company, whose annual revenues approach €24 billion, is to release 100 million EUR in bonds issued as a security token offering (STO) registered through Ethereum. дальше »
2019-4-25 23:26 | |
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Facebook Scandals Could Hit Hardest Yet with First Profits Fall Since 2015
By CCN. com: Facebook’s annus horribilis looks like it will continue unabated, with the social media giant likely to experience its first quarterly drop in earnings since 2015. Despite recording a $3bn turnover increase, analysts expect the company to report a profit reduction from $5 billion in Q1 2018 to $4. дальше »
2019-4-23 11:35 | |
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Beyond Meat IPO: Vegans Turn Fake Beef into $1.2 Billion Cash Cow
By CCN: IPO season is now in full swing, and yet another unicorn is ready to come to market. Beyond Meat, the vegan food manufacturer that wants to make fake beef mainstream, hopes to raise $183 million at a $1. дальше »
2019-4-23 20:02 | |
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The Facite Foundation Is Taking New Steps beyond Central Asia, Towards the World
Based in Kazakhstan, the Facite foundation published its first dividend-income type cryptocurrency Facite coin (FIT) in order to obtain substantial revenue to help expand its business domain. Facite foundation is working on a government policy project in which they took over INNOB Co. дальше »
2019-4-21 23:19 | |
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Nearly 1 Billion Ripple XRP in Circulation After Major Sell Offs Over Last Three Months
XRP has been sold off in large numbers over the last few months with nearly one billion sold off since December. Ripple Labs, the company responsible for the coin has been selling them mostly with a culmination of 20 million sold off yesterday. дальше »
2019-4-20 02:28 | |
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XRP Designed To Reach Astronomical Heights, As it’s Scalable Enough To Reach 7.5 Billion People
XRP has been among the few top cryptos that have dominated the crypto news scene for a long time. Every now and then there’s something to inform about XRP and its company, Ripple. In fact, Ripple has been doing everything in its power to ensure that XRP gets adopted by as many institutions as possible. дальше »
2019-4-19 10:02 | |
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Pinterest IPO Soars to $12 Billion Valuation as Uber Looks on, Licking Its Chops
By CCN: Pinterest priced its IPO at $19 a share, as reported by CNBC, exceeding the once lowered $15-$17 range provided by the online pinboard company. Pinterest could have gone bigger, as investor demand for the shares has already sent the new stock soaring in the market debut. дальше »
2019-4-18 19:37 | |
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Forbes Releases ‘Blockchain Billion Dollar List’, Binance is Not On It
Coinspeaker Forbes Releases ‘Blockchain Billion Dollar List’, Binance is Not On ItForbes, a global media company known for prominent financial and business news has released a list of 50 companies with a minimum of $1 billion valuations or revenues that are implementing blockchain technology. дальше »
2019-4-18 09:19 | |
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Forbes Releases Blockchain Billion Dollar List and It’s Not Entirely What People Expected
Forbes, a global media company known for prominent financial and business news has released a list of 50 companies… The post Forbes Releases Blockchain Billion Dollar List and It’s Not Entirely What People Expected appeared first on Invest In Blockchain. дальше »
2019-4-18 01:52 | |
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Just One of Korea’s ‘Big Four’ Bitcoin Exchanges Profited in Crypto Winter 2018
By CCN. com: South Korea is the fourth most active country in the world in crypto trading, per Coinhills. This, however, did not count for much as three of the country’s top four bitcoin exchanges recorded losses in 2018. дальше »
2019-4-17 15:37 | |
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GoChain Adds DISH Network as First Enterprise Node Signer on a Public Blockchain
DENVER, CO. , April. 15th, 2019 — GoChain has added DISH Network, a Fortune 250 company, as a signing node on GoChain’s public network. DISH is a leading satellite and streaming TV company in the U. дальше »
2019-4-17 11:32 | |
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Struggling Ethereum Giant ConsenSys Seeks $200 Million Raise at Billion-Dollar Valuation
By CCN. com: Ethereum development studio ConsenSys is struggling financially and is now trying to raise $200 million from outside investors to stay afloat. The fundraising drive comes just four months after the Brooklyn-based blockchain startup laid off 13% of its workforce. дальше »
2019-4-16 15:35 | |
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Uber IPO: Why a $100 Billion Valuation Is an Absolute Pipe Dream
By CCN: Uber revolutionized cross-town transportation, but that’s not going to help the company make any money. That’s one shocking revelation from the Uber IPO filing, which makes the rideshare giant’s $100 billion valuation look like nothing more than a pipe dream. дальше »
2019-4-15 19:20 | |
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Uber’s IPO Filing Discloses $1.8B Loss, Raising Worries
Coinspeaker Uber’s IPO Filing Discloses $1. 8B Loss, Raising WorriesUber out-paced its rising competitor Lyft by more than $9 billion in revenue and at least 60 million users. That all could be seen from Uber’s S-1, the company has filed its IPO paperwork with the Securities and Exchange Commission on Thursday. дальше »
2019-4-13 13:16 | |
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Why Uber’s $100 Billion Valuation is Wildly Bullish for Lyft Stock
Uber’s decision to value itself at $100 billion rocked Lyft stock on Wednesday, causing the embattled rideshare company’s shares to plunge as far as 10%. Contrary to the prevailing narrative, however, a strong Uber IPO would be wildly bullish for Lyft shares. дальше »
2019-4-12 18:08 | |
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Bitcoin Exchange Bithumb’s Problems Pile Up with $180 Million Loss in 2018
Bithumb, which was hacked last month and later asked users to be careful about deposits, has reported a $180 million (205 billion Korean won) loss. The exchange suffers from reduced actual volume and a bear market in cryptocurrencies, according to the Korea Times. дальше »
2019-4-11 14:07 | |
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Bitcoin Price Abruptly Drops 4%, 12 Hours after Fresh 2019 High at $5,450 – Here’s Why
On April 10, the bitcoin price achieved a new 2019 high at $5,450 in major markets including the U. S. , accompanied by an increase in demand for bitcoin from accredited investors. Consequently, the premium of the Bitcoin Investment Trust (GBTC), a regulated bitcoin investment vehicle overseen by Grayscale, a cryptocurrency investment company with $1. дальше »
2019-4-11 13:27 | |
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Facebook Targets $1 Billion Investment in Cryptocurrency Project
Social media behemoth, Facebook, is looking to attract venture capital (VC) investment into its proposed cryptocurrency project, reports New York Times (NYT) contributor Nathaniel Popper. The company is reportedly looking to raise as much as $1 billion for its digital token project. дальше »
2019-4-10 21:00 | |
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Facebook seeking VC firms to invest in crypto project; funding will be used as collateral, says Nathaniel Popper
Social media giant, Facebook, recently announced that it would launch its own cryptocurrency, Facebook Coin. The American social media company is now back in the spotlight after reports suggest that it is seeking around $1 billion in funding, for its cryptocurrency project. дальше »
2019-4-9 16:45 | |
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Facebook allegedly raising as much as $1 billion for its cryptocurrency stablecoin
Facebook is looking for VC firms to invest in its cryptocurrency project for sums as large as $1 billion, according to NY Times reporter Nathaniel Popper. The company is allegedly designing its crypto as a stablecoin for WhatsApp using a basket of foreign currencies as collateral. дальше »
2019-4-9 06:03 | |
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Record-Breaking Wrestlemania 35 Puts WWE on Pace for a Billion Dollar Year
Wrestlemania 35 was another huge hit for the WWE franchise last night, putting the company on track to make a billion dollars in revenue this year. With 82,265 fans in attendance, last night’s event pulled in $16. дальше »
2019-4-8 12:14 | |
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