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Overstock Shareholders Compete to Lead Class Against tZERO’s Parent

E-commerce giant Overstock faces a difficult period as several former and current shareholders fight for the status of lead plaintiff in a class action against the company. Overstock’s tZERO Project Created to Be Used Against Short Sellers The investors filed motions earlier this week in an effort to consolidate the five cases against Overstock and the appointment of a lead class counsel. дальше »

2019-11-30 17:52


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Bitmain Lawsuit Heats Up, Plaintiffs Fight Motion to Dismiss

United Corp, a Florida-based cryptocurrency company that sued Bitmain in December 2018, contested the mining giant’s motion to dismiss the case in a US court this week.   A cryptocurrency company United American Corp claims that China-based Bitmain should not be dismissed from the United States’ antitrust suit, as the mining gear maker requested. дальше »

2019-11-30 15:33


California Based Stock and Crypto Exchange, Robinhood, Has Withdrawn its Application for a Banking Charter in the U.S

This tech startup based in California is among those eyeing to tap into the market share currently dominated by oldies in financial services. However, this may be an uphill task given a tech giant like Facebook is yet to get any regulatory approval to launch the Libra crypto project. California Based Stock and Crypto Exchange, […] дальше »

2019-11-29 21:57


Circle’s USDC Stablecoin Receives Clean Audit Report; Fiat Backed Reserves Grow by Over 50%

The USDC stablecoin parent company, Circle, most recent audit report shows the firm is liquid enough to back its 1:1 token peg ratio against the dollar. According to the audit done by Grant Thornton, Circle’s operation is well balanced besides being supported by Financial Services giant, Goldman Sachs. Back in October, Circle issued a circulating […] дальше »

2019-11-21 19:15


Asian Financial Services Giant, Tokai Tokyo, Funds Singapore Based Tokenization Platform ‘iStox’

Tokai Tokyo, a leading financial services group in Asia’s market, recently committed to fund a security tokenization project based in Singapore. The iStox platform has attracted other big boys like Thai’s, Kiatnakin Phatra Financial Group (KKP), who participated in the firm’s Series A funding held in October, 2019. iStox is set to increase its capital […] дальше »

2019-11-21 23:02


Ripple Partner SBI Group Makes Another Investment In Vietnam’s Second Largest Marketplace

One of Ripple’s leading partners, SBI Group has made an investment in Vietnam’s one of the largest C2C online marketplaces, Sendo, announced the Japanese financial services giant on Nov. 20. Sendo Joint Stock Company is a Vietnamese e-commerce retailer and the second largest e-commerce site that operates in several countries across Southeast Asia. This online […] дальше »

2019-11-20 17:55


Amidst Strong Demand, e-Commerce Giant Alibaba (BABA) Will Close Its Books Early for Hong Kong Listing

Coinspeaker Amidst Strong Demand, e-Commerce Giant Alibaba (BABA) Will Close Its Books Early for Hong Kong ListingSources familiar with the matter said that Alibaba's (BABA) Hong Kong listing has already attracted massive attention and plans to close its books for institutional investors half-day before the scheduled time. дальше »

2019-11-20 16:14


Ledger Vault Secures $150 Million Crypto Insurance Policy From Lloyd’s of London Syndicate Arch

The developer of Nano hardware wallet, Ledger is set to attract institutional investors to start using its wallet to store cryptos and has brought in insurance broker Marsh to help with the plan. Now, Marsh has announced that it has negotiated an insurance cover worth $150 million from insurance giant Lloyd’s through its London syndicate, […] дальше »

2019-11-14 21:23


Samsung SDS, QEDIT To Enhance Privacy on Nexledger Blockchain By Adding Zero-Knowledge Proofs

Samsung SDS, the technology subsidiary of the South Korean giant is boosting privacy on Nexledger, its business-grade blockchain. On November 14th, the company announced that it partnered with QEDIT, a firm based in Israel, to keep track and authenticate the assets’ transfer on a shared ledger, without revealing and confidential information. The Objective is to […] дальше »

2019-11-14 19:59