Bitcoin Investor Files For Giant $350 Million IPO For Possible Merger
The founder of early bitcoin venture capital firm Ribbit Capital has filed for a massive $350 million initial public offering. While little is known about the company, called Ribbit LEAP, CEO Meyer “Micky” Malta could use the increasingly popular “blank check” structure to effect a merger, acquire assets, purchase stocks, or reorganize a similar business, according to the SEC S-1 form filed today.
Huawei and Beijing jointly develop municipal blockchain directory
Huawei and Beijing’s municipal government have jointly developed a blockchain directory for use across urban governance. According to an official report published on Aug. 24, the system, still being trialed, is aimed at improving government services and supporting the city’s business environment.
FCA approves Archax as UK's first digital assets exchange
Archax has become the UK’s first digital securities exchange and custodian to be regulated by the Financial Conduct Authority (FCA), after the watchdog approved the London-based company’s application yesterday.
Fascinating Examples Of How Blockchain Is Used In Insurance, Banking And Travel
Blockchain technology promises to revolutionize many aspects of how we do business and, if you believe the blockchain hype (of which there is plenty), may even be as disruptive as the internet was before it.
Blockchain Phones and Bitcoin Watches: Revisiting the Crypto Tech Hype
Blockchain smartphones and crypto-storing watches: Which innovative devices have actually gone from concept to reality? Talk of cryptocurrency and blockchain-powered gadgets inevitably spiked alongside the hype for token prices. But looking back, have they delivered any meaningful changes to users, or are they just another result of the hype synonymous with the space?
EOS DeFi Project Sets Up Shop on Polkadot
Equilibrium is not quite ditching EOS, but Polkadot will be its new home. An EOS-based decentralized finance project, Equilibrium, has announced its plans to develop a new interoperable protocol on the Polkadot (DOT) blockchain. The project is set to develop an independent parachain connected with Polkadot, featuring an independent utility token called EQ. It acts both as a token for paying transaction fees and for governing the protocol.
New Blockchain Platform Aims to Help Countries Issue CBDCs More Easily
Blockchain company Apollo Fintech touts its new system as tonic for national digital currency headaches. Blockchain firm Apollo Fintech has announced the completion of its National Payment Platform, or NPP on August 12. This new blockchain platform is a cashless system that supposedly enables a central bank to issue central bank digital currency for national adoption.
A City in South Korea Is Expanding Its Blockchain Payment Program
South Korea’s “Silicon Valley” continues its love affair with Blockchain technology. A major satellite city in South Korea, Seongnam, is preparing to expand its existing blockchain-powered payment program by issuing new digital gift certificates.
Blockchain Energy Trading Pilot Using Bitcoin Sidechain Goes Live in LA
A U.S. startup is setting up a blockchain energy trading pilot in Los Angeles to promote electric van sharing. Energy and transportation startup EVShare is launching a community energy-sharing pilot in Los Angeles. The initiative, which received $20 million in partner funding and a $9 million grant from the California Energy Commission, is set to test the application of blockchain technology in managing a localized renewable energy grid.
VeChain’s Latest Blockchain Application Makes Food Safer
VeChain’s newly released tool offers a suite of whitelabel services that will allow the food sector to implement on-chain safety management services. These services include traceability templates which track things like origin traceability, cross-border traceability, full-process traceability, and more. They have high hopes that the tool will be useful for many sub-sectors and products, such as fresh food, dairy, alcohol and wine, and imported food.
Ethereum Developers Discuss Potential Ways to Avoid ETC’s Fate
After a string of 51% attacks on Ethereum Classic, developers from its core chain rival, Ethereum, discuss ways of avoiding the same fate. In a Core Devs meeting on Friday, Ethereum (ETH) developers discussed potential measures that could be taken to prevent successful 51% attacks from occurring.
Facial Recognition Could Help to Stamp Out Bitcoin Social Media Scams
Facial recognition can help prevent future Bitcoin (BTC) scams like those that hit Twitter and YouTube, said Rod Hsu, president and co-founder of virtual currency platform Coincurve. During an interview with Cointelegraph, Hsu said Bitcoin is an electronic form of currency that is non-reversible and somewhat anonymous, “coupled with this gap in understanding makes it appealing for scam artists.” But because of the negative publicity the cryptocurrency got with the scams, it may have discouraged many from adopting it.
Banks to adopt blockchain in the next three to five years: JPMorgan
JPMorgan has said that blockchain technology has become the foundation for digital currency and fast payments, according to a report by the financial conglomerate.
Ethereum mining rewards hit all-time high. Here’s why it matters
Ethereum miners are earning more from ETH fees than ever before. Could the increased activity on the network mean another price jump is around the corner?
US GDP takes historic hit in Q2 as Bitcoin, crypto markets rise
US GDP dropped a mammoth 32.9% in Q2, sharply contrasting with a cryptocurrency market that grew over the same timeframe.