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NYSE-Backed Bitcoin Futures Exchange Makes Acquisition to Bolster Risk Management
Fresh off a $182.5 million debut fundraising round, Bakkt - the bitcoin futures exchange being launched by the New York Stock Exchange's parent company - has announced its first acquisition. In a blog post on Medium, Bakkt CEO Kelly Loeffler said the startup has "entered into an agreement to acquire certain assets of Rosenthal Collins Group (RCG)," a Chicago-based independent
Snap is Losing its Second CFO in 12 Months
Tim Stone is resigning as chief financial officer of Snap Inc., less than a year after he left Amazon to join the struggling messaging app. Stone's resignation was revealed in a filing with the Securities and Exchange Commission on Jan. 15, which indicated he was leaving the company for the tried-and-true reason of wanting "to pursue other opportunities." The filing
New Zealand-Based Crypto Exchange Confirms it Suffered Major Security Breach
New Zealand-based cryptocurrency exchange Cryptopia suspended trading and went offline on Tuesday after revealing that it had suffered a security breach, resulting in "significant losses." The company said in a tweet that the hacking happened on Monday, January 14 and that after it had been "identified by staff, the exchange was put into maintenance while we assessed the damages."
How America’s Dying Rust Belt Town Can Transform into “Smart Cities” of the Future
The death of the American manufacturing sector made ghost towns out of cities across America. In these challenging times, some cities were successful at reinventing themselves and went on to forge new economies and transform their once-sprawling, empty lands into something new, something remarkable. Year after year, Pittsburgh appears on best cities for jobs lists, thanks to its burgeoning tech
China’s Anonymity-Unfriendly Blockchain Rules Are Set to Take Effect in February
Looking to use blockchain anonymously in China? Well, you may want to consider moving. Regulation Asia reports that China’s internet censorship agency, the Cyberspace Administration of China (CAC), has published its final rules on regulating blockchain-based information and technical services and that they are slated to take effect on February 15. The rules state that any website or mobile app
Jampp Claims Blockchain Can Disrupt Tech Giants Like Google and Facebook
Tech giants like Google and Facebook have made headlines for their large-scale mishandling of and for profiting from the personal information of their users. In order to protect the data they produce and rightfully own, users are increasingly turning to blockchain as a way to track and quantify their information. Jampp Joins Wibson’s Consumer Data Marketplace As Data Buyer Telefonica-backed
The Fed: Poised to Pause in March
With the effective fed funds rate now only slightly below the range of estimates for neutral monetary policy and few signs of economic or financial market overheating, we believe that the Federal Reserve is likely to hold rates steady in March, interrupting its pattern of quarterly interest rate hikes. Against this backdrop, U.S. Treasury bond markets have recently started to
Malaysia Will Begin Regulating ICOs as Securities This Week
Malaysia's Securities Commission (SC) announced that it will begin regulating initial coin offerings (ICOs) and cryptocurrency exchanges this week, with a regulatory framework for digital assets expected to be launched by the end of the first quarter. By regulating ICOs as securities, the SC notes that "the offering of digital assets, as well as its associated activities, will require authorisation
Intel CEO Touts Exposure to $300B Market
Investors looking at Intel Corporation (NASDAQ: INTC) as a legacy company with 90-percent market share in the PC market may want to listen to what interim CEO Bob Swan told CNBC's Jim Cramer Thursday. What Happened Under prior leadership teams, Intel operated under the belief it has a near 100-percent market share in the "relatively slow growth" PC market, Swan
Expert Commentary: 10th Anniversary Of The First Bitcoin Transaction
This weekend will mark the 10th anniversary of the very first bitcoin transaction. On January 12, 2009, Satoshi Nakamoto sent 10 bitcoins to a US software engineer, Hal Finney (who some believe may have been one and the same). vjkombajn / Pixabay Below is a selection of commentary from a variety of industry experts from companies in the blockchain space,