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Lyft IPO: Beating Uber to the Punch Absolutely Crucial to Fuel Growth
Lyft, the ride-hailing giant based in the U. S. , has officially filed its S-1 IPO registration and is set to be listed on the NASDAQ by April, before Uber. Early reports suggest Lyft is expected to secure over $100 million from the IPO and is forecasting a valuation of around $20 to $25 billion. дальше »
2019-3-2 20:38 | |
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Ebang Reveals Plans to Produce 400,000 Bitcoin Mining Units in 2019
Ebang, one of China’s top manufacturers of bitcoin miners, is planning to produce 400,000 mining machines in 2019. On February 22, 2019, Ebang reportedly announced this plan to expand dramatically throughout the fiscal year. дальше »
2019-2-26 22:09 | |
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Exit Scam? Mismanagement? Coinbase Digs Into Failed Crypto Exchange QuadrigaCX’s ‘$150 Million Loss’
Brian Armstrong, the CEO of Coinbase, one of the world’s largest crypto exchanges, said that the company conducted internal research on the QuadrigaCX case. QuadrigaCX has been claiming that Gerald Cotten, its CEO, passed away with sole control over its cold wallets containing $150 million in various cryptocurrencies including Bitcoin and Ethereum. дальше »
2019-2-23 15:21 | |
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Bitgo Obtains $100M Insurance Policy to Cover Crypto Assets
Cryptocurrency wallet service provider Bitgo has secured a $100 million policy through Lloyd’s insurance to cover crypto assets that are completely under the company’s control, such as those held in its business wallet and custody offerings. дальше »
2019-2-20 18:30 | |
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China’s Uber-Killer Didi Suffers $1.6 Billion Loss, Begins Complete Overhaul With 2,000 Layoffs
Didi Chuxing, the ride-hailing and transport service based in China, has outlined steps to commence a firm-wide layoff that is expected to affect 15% of its total workforce after suffering a reported $1. дальше »
2019-2-21 15:06 | |
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Mike Novogratz-Backed BitGo Offers $100 Million in Crypto Insurance
BitGo, a crypto custodian backed by Goldman Sachs, is offering up to $100 million in insurance coverage for cold-wallet assets through Lloyd’s. There is no additional cost to BitGo clients. In a press release, the company said the $100 million of insurance coverage protects custodial assets held by BitGo against: Third-party hacks. дальше »
2019-2-20 03:50 | |
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Did Pre-IPO Uber ‘Lose’ $1.8 Billion in 2018, Or Aggressively Invest In Its 85% Market Share Dominance?
Uber posted $1. 8 billion in losses for 2018, an improvement over its 2017 bottom line, a loss of $2. 2 billion. At The Drive Stephen Edelstein says, “That’s bad news for Uber as the company looks to charm investors into an initial public offering (IPO) later this year. дальше »
2019-2-19 14:45 | |
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$150 Million Scandal of Canada’s Biggest Crypto Exchange Sees New Twist in Dead CEO’s 2014 Interview
The recent scandal of QuadrigaCX in which Canada’s biggest cryptocurrency exchange lost $150 million worth of crypto shocked the financial space. It deteriorated the public image of the cryptocurrency sector overnight as analysts condemned the loss of hundreds of millions of dollars following the alleged death of CEO Gerald Cotten who had sole control over the company’s holdings and user funds. дальше »
2019-2-17 15:46 | |
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Blockchain Firm Digital Asset Loses CTO James Powell, Two Months After Loss of CEO Blythe Masters
Digital Asset is a financial blockchain company, which means that it thrives on the distributed ledger technology that has brought support to many industries. However, no matter how transparent or immutable the ledger is, DA seems to be unable to hold onto the executives that would keep it running seamlessly. The departure of CEO Blythe […] дальше »
2019-2-14 04:05 | |
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EA Shares Plummet as Gaming’s Most-Hated Company, Will Apex Battle Royale be its ‘Fortnite’?
After a difficult 2018 characterised by sluggish sales and further loss of ground to multiplayer juggernaut ‘Fortnite‘, EA has taken another huge hit after newly released earnings figures of $262 million for Q3 2018 showed that the company missed its $1. дальше »
2019-2-7 12:13 | |
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Tesla Cheats with New Battery Supplier, Panasonic Forecast Plunges
Panasonic wasted no time lowering its guidance after its bread-and-butter customer, Tesla, announced it was buying another battery supplier to power its electric vehicles. The lucky company Tesla chose to replace Japan-based Panasonic is California-based Maxwell Technologies. дальше »
2019-2-5 21:27 | |
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Notorious Bitcoin Exchange QuadrigaCX May be Sold to Compensate Crypto Victims for $150m Loss
When QuadrigaCX announced last month that CEO Gerald Cotten had suddenly died and roughly $150 million in cryptocurrency ($180 million Canadian) was inaccessible as a result, the crypto world went nuts. дальше »
2019-2-5 20:35 | |
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Data Breaches And Hackings On Centralized Businesses Is Making The Case For Blockchain Systems
The most recent example of gross mishandling of user information was in the wake of the scandal that involved a highly intellectual member of Cambridge Analytica serving as a whistleblower to the misdeeds of the company. дальше »
2019-2-1 16:46 | |
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Monex Alerts Users About Impersonator Scam
CoinCheck parent company Monex has issued a press release, January 29, 2018, warning users about an ongoing impersonator scam that targets newer users of their platform. Stark Warning Back in April 2018, CoinCheck, a Cryptocurrency exchange, suffered a hack that led to the loss of over $530 million. дальше »
2019-1-30 00:00 | |
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What do Bitmain troubles and possible Jihan Wu stepping down mean for Bitcoin Cash (BCH)
Popular crypto “insider” Twitter account @btcking555 posted an interesting tweet yesterday, confirming that the rumors of Bitmain’s current CEO Jihan Wu looking to abandon his position at the company are true. дальше »
2019-1-11 17:54 | |
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GMO Internet Group exits cryptocurrency miner production
Japanese internet giant GMO Internet Group is quitting the cryptocurrency mining hardware sector, according to a public document. Citing extraordinary loss in Q4 this year, GMO said that it will “no longer develop, manufacture and sell” miners. дальше »
2018-12-26 18:00 | |
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Cubits is Bankrupt and Withholding User Funds As OneCoin Ties Exposed
Anger continues to engulf cryptocurrency trading platform Cubits after executives suddenly announced the company was bankrupt, blocking all user funds. Cubits Owner: Funds Recovery ‘Unsuccessful’ In a press release dated December 11, Dooga Ltd. дальше »
2018-12-12 15:00 | |
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Crypto Accounting Firm Predicts Massive Loss Claims in IRS Tax Filings for 2019
With more people rushing into the cryptocurrency market since late 2017 and the subsequent year-long bear market in 2018, one accounting envisages a barrage of loss claims in cryptocurrency and Bitcoin tax filings next year. дальше »
2018-12-7 23:00 | |
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Bitmain IPO in ‘Death Spiral’? Rumors Of $740M Q3 Loss as Bitcoin Cash Crashes
Fresh rumors over the financial health of Bitcoin mining giant Bitmain cast a shadow over the company again this week, suggesting it faces losses close to $1 billion. Bitmain’s Worst Quarter? Originally reported by the Twitter account known as BTCKING555 December 3, the author of which almost exclusively tweets about Bitmain, unreleased quarterly earnings data for Q3 2018 allegedly reveals $740 million losses. дальше »
2018-12-5 13:00 | |
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Bug in NEO’s Blockchain Allows Hackers to Steal Remotely
A post on Chinese microblogging website Weibo has revealed that certain NEO users may be affected by a critical software vulnerability that could potentially lead to loss of tokens. The bug was reportedly discovered by another Chinese company, Tencent Security. дальше »
2018-12-3 21:00 | |
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Canada’s Fortress Blockchain Records $1.16 Million Loss In Q3 For Crypto Mining Business
The Canadian Bitcoin mining giant Fortress Blockchain registered a loss of $1. 16 million in the third quarter of 2018. In the previous quarter, the company lost $202,000. This shows that the bearish price action in virtual currencies is affecting the whole crypto market. дальше »
2018-11-30 06:55 | |
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Canadian Bitcoin Miner Fortress Blockchain Reports $1.16M Loss in Q3
Fortress Blockchain’s net loss worsened to $1. 16 million (1. 55 million Canadian dollars) in the third quarter, from $202,000 in the preceding three-month period, as price pressure continues to mount in the global bitcoin mining industry. дальше »
2018-11-29 19:05 | |
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Cobo urges blockchain devs to improve security as Copay wallet hit with critical security breach
CryptoNinjas Copay, a popular cryptocurrency wallet distributed by the payments platform company Bitpay, revealed a severe security breach today, potentially causing the loss of users’ digital assets. дальше »
2018-11-27 20:16 | |
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ICO death knell: AirToken will process refunds in USD plus interest. It will also refund people that sold for a loss.
Two days ago, SEC issued a statement that Airfox, a Boston-based company that held an ICO where it collected $15 million of funds, didn’t registered their ICO and because of that failed to comply with the federal securities laws in the United States. дальше »
2018-11-18 16:47 | |
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Bitmain Sues Anonymous Hacker Over $5.5 Million Theft
Chinese mining giant Bitmain is suing an anonymous hacker that allegedly stole $5. 5 million in cryptocurrency last April from the company’s account on the digital exchange Binance. дальше »
2018-11-14 23:31 | |
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Japanese internet giant posts $5.5M loss for its cryptocurrency mining division
The latest in a string of companies posting cryptocurrency mining losses has come from Japanese internet giant, GMO. The internet infrastructure business posted a loss of over $5. 5 million dollars for its cryptocurrency mining division for the third quarter of this year, according to its recent financial report. дальше »
2018-11-13 19:09 | |
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Investor Lawsuit Brought Against AT&T, T-Mobile for SIM Swapping Hacks
Leading cryptocurrency investor law firm Silver Miller Law has filed suit against cell phone giants AT&T and T-Mobile on behalf of several digital asset investors who were victims of the identity-theft tactic known as “SIM swapping. дальше »
2018-11-10 01:35 | |
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Square, Boosted By Its Bitcoin Business, Posts First Ever Profit in Q3
Jack Dorsey’s financial services provider, Square, has reported its first quarterly profit of $20 million. The bitcoin-integrated payments company also beat Wall Street estimates for Q3 earnings and revenue. дальше »
2018-11-8 18:00 | |
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Unchained Capital Revamps Loans With Multi-Party, Multi-Sig Storage
Blockchain financial service company Unchained Capital will now offer multi-signature and multi-institution cold storage solutions for borrowers who leverage its crypto-collateralized loans service. дальше »
2018-11-2 21:42 | |
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Third Largest Online Retailer to Venture Into Blockchain Technology
Founded in 1998, the third largest internet company JD. com has announced it will be launching a blockchain research lab. The retailer is China’s largest internet company and ranked only behind Amazon and Google on the global scale. дальше »
2018-11-1 15:59 | |
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Microsoft co-founder Paul Allen passes away at 65
Microsoft co-founder Paul Allen died yesterday at the age of 65. He was suffering from non-Hodgkin’s lymphoma – a type of cancer. Allen’s company Vulcan Inc. made the announcement through a statement. дальше »
2018-10-16 11:16 | |
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Artificial intelligence is complex, but we can’t afford to ignore it
“Those who cannot learn from history are doomed to repeat it. ” – George Santayana In early September, the media went abuzz with news of Amazon becoming the second US company to surpass the $1 trillion market cap. дальше »
2018-10-16 23:25 | |
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PwC and Cred Partner to Develop Cryptocurrency Trading Technology
Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology. дальше »
2018-10-8 21:30 | |
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PwC and Cred Partner to Promote Cryptocurrency Trading Technology
Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology. дальше »
2018-10-10 21:30 | |
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Passware Helps Users Recover Their Lost Bitcoin Wallet Password
In the past, a misplaced or lost password to a Bitcoin wallet would result in the loss of Bitcoin holdings. According to a Business Insider article published on October 3, 2018, Passware, a leading provider of password recovery, decryption, and computer forensic software, has, however, become the first company to help users retrieve lost or forgotten passwords from their Bitcoin. дальше »
2018-10-5 09:00 | |
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Crowd Machine CEO Craig Sproule Opens up on CMCT Theft
On September 22, 2018, Crowd Machine, a blockchain startup aiming to create the world’s first global cloud computing service built on distributed ledger infrastructure suffered a severe hack that targeted the company’s crypto wallet and led to the loss of over 1 billion of its native CMCT tokens. дальше »
2018-9-27 13:00 | |
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[promoted] Equity Trust Builds New Frontier of Crypto-Based Retirement Accounts
Index funds have more than proven their worth as a preferred option for those with an eye on retirement. But now there is conversation about the value of adding bitcoin and other cryptocurrencies to this investment mix. дальше »
2018-9-11 16:58 | |
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US Investor Sues Telecom Company AT&T for Loss in Cryptocurrency Theft
On August 15, 2018, entrepreneur and cryptocurrency investor Michale Terpin filed a lawsuit worth $224 million against telecommunications company AT&T and accused the company of “negligence and fraud” regarding the theft of cryptocurrencies from his personal account. дальше »
2018-8-17 22:00 | |
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DJ Who “Turned Down Wall St.” Is On a Quest to Decentralize Music Festivals
Independent DJ Justin Blau (known on stage as 3LAU) didn’t exactly stumble into the cryptocurrency industry — to say so would misrepresent how much thought he’s put into his blockchain-based event network, Our Music Festival (OMF). дальше »
2018-8-8 19:23 | |
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Novogratz’s Cryptocurrency Bank Off to a Slippery Start, Drops 20% in One Day
The cryptocurrency merchant Galaxy Digital LP, which began trading on August 1, is off to a rocky start — falling 20 percent per share in just one day. This adds to the company’s estimated loss of about $134 million in the first quarter of 2018 amid a market-wide cryptocurrency crash. дальше »
2018-8-3 06:00 | |
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Bitcoin Trading Nets Square $37 Million in Q2 2018
Square has announced earnings of $37 million for the second quarter of 2018 on its peer-to-peer mobile money app, Square Cash. However, even though some of its financial results exceeded expectations, the company still made a net loss of $6 million across the business. дальше »
2018-8-3 04:00 | |
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Bitcoin merchant bank galaxy digital reports a loss of $134 million
The founder of Galaxy Digital, Michael/Mike Novogratz, reveals that the world’s largest and first bitcoin merchant bank has suffered from a huge loss of $134 million in the first quarter of the year 2018. дальше »
2018-7-30 14:52 | |
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