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Warren Buffet Calls Bitcoin a ‘Delusion’: Key Takeaways from the Latest Interview
CoinSpeaker Warren Buffet Calls Bitcoin a ‘Delusion’: Key Takeaways from the Latest Interview Warren Buffett, chairman and CEO of investment conglomerate Berkshire Hathaway, began a week taking a fresh dig at Bitcoin. дальше »
2019-2-26 13:48 | |
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Former Citi Exec: Crypto Market Cap Still Smaller than Samsung, What’s Preventing Institutions’ Entry?
Hwang Hyeon-cheol, a former Citi and Allianz executive who worked on Wall Street for over two decades, has said that the valuation of the crypto market is still smaller than Samsung, the largest conglomerate in South Korea. дальше »
2019-2-19 01:41 | |
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Even During Nuclear Winter, the Largest Crypto Asset Manager Controls Nearly $1 Billion
Cryptocurrencies have continued to stumble, but one organization has been making promising strides in the back offices of the Bitcoin space. Grayscale Investments, a wholly-owned subsidiary of the crypto conglomerate that is the New York-based Digital Currency Group, revealed that its products secured millions in investment amid the so-called “crypto winter. дальше »
2019-2-15 18:11 | |
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Newsflash: Amazon Leads Massive $700 Million Funding Round in Tesla Competitor Rivian
Elon Musk and Tesla had better watch out because tech conglomerate Amazon just led a massive $700 million funding round in electric vehicle competitor Rivian. Amazon Leads Major Funding Round in EV Startup Rivian The Michigan-based Rivian has sought to carve out a segment of the burgeoning electric vehicle market by focusing its efforts on building pickup trucks and SUVs. дальше »
2019-2-15 17:36 | |
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Alexandria Ocasio-Cortez Declares Victory after Amazon Yanks HQ2 from New York
US House Rep. Alexandria Ocasio-Cortez wasted no time in declaring victory after Amazon backed out of a $3 billion deal that would have seen the Jeff Bezos-led tech conglomerate establish its much-coveted HQ2 in New York. дальше »
2019-2-15 22:06 | |
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Newsflash: Amazon Trashes Plans for NYC Headquarters, Caves to Pressure from Ocasio-Cortez
Caving to pressure form local politicians and special interest groups, tech conglomerate Amazon has trashed a plan to build a new corporate headquarters in New York City. Amazon Caves to Pressure from Ocasio-Cortez, other Lawmakers The spacious Amazon campus in Long Island City, Queens would have created more than 25,000 well-paying jobs. дальше »
2019-2-15 19:58 | |
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Why Uber’s Largest Investor Just Plowed Almost $1 Billion into Autonomous Vehicle Startup Nuro
SoftBank has a lot of faith in a startup called Nuro that wants to use autonomous vehicles to disrupt the grocery delivery space. Nuro just banked almost $1 billion from the multinational holding conglomerate to make that happen. дальше »
2019-2-12 02:25 | |
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Will Tencent’s Massive Investment Help $3 Billion Reddit Take Down Facebook & Google’s Ad Duopoly?
American social news aggregation site Reddit has raised $300 million in a Series D funding round at a market valuation of $3 billion. The capital injection was led by Chinese multinational conglomerate Tencent Holdings who invested $150 million into the social site. дальше »
2019-2-12 01:37 | |
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Sony Shares Sink 8% Amid Declining Gaming Sales – Is a PlayStation 5 Coming in 2020?
Shares of Sony fell by 8% after the Japanese entertainment and technology giant recorded a decline in sales and profits. Specifically, Sony’s gaming division, which has become increasingly critical to the conglomerate saw operating income from games fell by 14% to $666 million during the October-December holiday quarter, according to Bloomberg. дальше »
2019-2-5 14:55 | |
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Ethereum Developer ConsenSys Partners With AMD To Bolster Blockchain Industry
Although the crypto market has stagnated, the startups driving the blockchain boat have continued to forge ahead with their efforts. Reports indicate that ConsenSys, a key participant in the nascent Ethereum ecosystem, has partnered with a leading American multinational semiconductor conglomerate to produce blockchain-friendly hardware and software. дальше »
2019-1-6 05:00 | |
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Japanese E-commerce Giant DMM Quits Crypto Mining
CoinSpeaker Japanese E-commerce Giant DMM Quits Crypto Mining The current market conditions have made Japanese e-commerce conglomerate DMM.com Ltd. Take a decision to shut down its crypto mining business. Japanese E-commerce Giant DMM Quits Crypto Mining дальше »
2019-1-3 12:45 | |
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Reliance Industries Energy Trading Company to Adopt Vakt Blockchain with $5 Million Investment
India has been in the news for its apparent uncertainly with crypto with words such as banning regularly discussed. That has not stopped its largest conglomerate from exploring the possibilities offered by blockchain. дальше »
2018-12-28 11:44 | |
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Reliance Industries Invests $5 Million to Digitize Energy Trading
In a bid to accelerate its efficiency and productivity via blockchain technology, Reliance Industries Limited (RIL), a Mumbai-based conglomerate holding firm that deals in petrochemicals, telecommunications. дальше »
2018-12-27 16:00 | |
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Zcash Mining Mysteriously Spikes Despite Low Profitability
Zcash’s network hash rate has mysteriously spiked by over 40 percent since Dec. 10th. It is unknown what is causing the spike, but it could indicate a growing ASIC presence on Zcash, or, more likely, that a large mining conglomerate is returning to the fray. дальше »
2018-12-21 19:20 | |
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Kakao Invests Undisclosed Amount in Blockchain Startup Orbs
South Korea’s internet conglomerate Kakao has invested in blockchain firm Orbs via its venture arm Kakao Investments. The Israeli blockchain startup Orbs became the receiver of an undisclosed amount of funding from the Korean company. дальше »
2018-12-14 13:29 | |
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Israeli Startup Orbs Raises “7-Figure” Investment from S. Korea Internet Firm Kakao
Orbs, an Israeli startup developing a hybrid blockchain complementing and scaling base-layer protocols such as Ethereum, has raised a “seven-figure” US dollar investment from Kakao Investment, the venture arm of the leading South Korean Internet conglomerate Kakao. дальше »
2018-12-13 21:14 | |
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EU Banks (ING, Commerzbank, Natixis And Rabobank) Complete $100,000 EUR Transaction On R3’s Corda Blockchain
Four Banks Complete Commercial Paper Transaction Of $100,000 EUR On R3’s Corda Blockchain The Corda blockchain, developed by the R3 tech conglomerate, is getting more and more widely used. Now, four European banks (ING, Rabobank, Commerzbank and Natixis) have settled transactions using the platform. дальше »
2018-12-6 22:29 | |
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SWIFT Launches Blockchain Payment Pilot Program to Rival JPMorgan Chase’s Interbank Information Network (IIN)
45-year old payment provider Swift just announced the launch of a new payment validation platform. The new platform aims to fight back against rising competition from fintech companies and blockchain-based projects, lowering costs and speeding up financial transactions worldwide. дальше »
2018-12-6 18:29 | |
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Panasonic Partners With LA Non-Profit To Boost Blockchain Scene
There’s a meeting of tech minds in Southern California, and companies are noticing. LA Blockchain Lab on Tuesday announced Panasonic as its founding corporate partner. The California-based non-profit is a collaboration between startups, enterprises, educators, government, and investors who are looking to transform local communities through distributed ledger technology (DLT). дальше »
2018-11-20 19:00 | |
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GMO Internet Reports Cryptocurrency Exchange Profit Rose Over 34% in Q3 2018
GMO Internet, the Japanese technology and online finance conglomerate, presented its results for the third quarter of fiscal 2018 on Nov. 12. The presentation included new details about the performance of the Tokyo-listed group’s cryptocurrency-related businesses. дальше »
2018-11-12 21:45 | |
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Alibaba’s inexpensive smart display tech makes shopping easier for the visually impaired
Tech giants are generally slow when it comes to making their products accessible to the differently abled. But lately, some of them have been working on innovative projects that will accommodate more users. дальше »
2018-11-12 09:36 | |
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GK Group’s KAMBO Platform Launches To Put Idle Cryptocurrency To Work
UK-based fintech and financial services conglomerate Global Kapital Group (GK Group) has formally released its dedicated cryptocurrency loan platform KAMBO. io as the sector quickly diversifies. Bitcoin And Ethereum As Loan Collateral In a press release dated October 30, GK-Group, which has operated various brokerage, consumer and business finance services since 2010, said it planned to level the playing field for private investors looking to use their cryptocurrency holdings as collateral. дальше »
2018-11-1 23:30 | |
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Warren Buffett’s Berkshire Hathaway Invests $600 Million in Two FinTech Firms
Despite Buffett’s blatant disdain for cryptocurrency and fintech, two $300 million dollar investments into two fintech payment firms suggest that Berkshire Hathaway may be ready to join the crypto party. дальше »
2018-10-31 07:00 | |
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Cryptocurrency Exchange Bitstamp Acquired by South Korean Conglomerate for an Undisclosed Amount
Bitstamp, one of the top-30 cryptocurrency exchanges in the world by daily trading volume, was acquired by Belgium-based investment company NXMH for an undisclosed amount in cash, reported Reuters on October 29, 2018. дальше »
2018-10-30 16:00 | |
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De Beers secures world’s biggest diamond miners for blockchain pilot
De Beers, the world’s leading diamond producer by gem value, has just announced a deal with Alrosa, perhaps the most critical partner in its quest to port the entire diamond industry to the blockchain. дальше »
2018-10-29 19:46 | |
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Phil Chen Launches HTC Exodus 1 Blockchain Crypto Phone Then Pledges to Recreate the Internet
Under the leadership of Phil Chen, the decentralized chief officer at HTC, the Taiwanese electronic conglomerate launched the first blockchain based crypto phone, HTC Exodus 1. However, at the Web3 Summit held in Berlin, Chen disclosed his plans to go far beyond. дальше »
2018-10-29 19:34 | |
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Alibaba Wins Preliminary Trademark Injunction, AlibabaCoin Plunges
Jack Ma’s conglomerate Alibaba, one of the global leaders in e-commerce, won a preliminary trademark injunction against AlibabaCoin, a cryptocurrency firm based in Dubai and Belarus that offers a cryptocurrency of the same name, according to The Wall Street Journal. дальше »
2018-10-29 17:59 | |
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Cryptocurrency exchange Bitstamp acquired by Belgium investment firm
Luxembourg-based cryptocurrency exchange desk Bitstamp has been acquired by NXMH, a Brussels-based investment firm owned by the South Korean conglomerate Nexon Holdings (NXC), the company announced today. дальше »
2018-10-29 14:48 | |
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Sony Develops ‘Contactless’ Hardware Wallet for Digital Assets
Sony has announced the development of a new type of cryptocurrency hardware wallet that uses its IC card technology. The Japanese conglomerate also said that it firmly believes in the potential for the commercialization and widespread adoption of blockchain technology. дальше »
2018-10-26 20:45 | |
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Alibaba vs Alibabacoin; The Chinese Giant Wins Preliminary Injunction Against this Crypto
Alibaba, the Chinese e-commerce giant, has won a preliminary injunction against Alibabacoin (ABBC). The problem started with these two companies about the name they have. In the filing presented in October, Alibaba said that they believe the cryptocurrency firm published promotional material using its trademarks with the intention to be aligned with the Chinese conglomerate. […] дальше »
2018-10-24 23:12 | |
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Nordea Bank Accused of Money Laundering After Banning Bitcoin For Being “Too Risky”
The Helsinki-based banking conglomerate, Nordea Bank, has allegedly accepted “criminal funds” from banks in Lithuania and Estonia, as reported by the Swedish Economic Crime Authority. Tied To The Rest Supposedly, this money is related to a separate laundering case that involved the Danske Bank in Denmark. дальше »
2018-10-23 17:50 | |
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Japanese Internet Monolith GMO to Launch Yen-Pegged Stablecoin
GMO Internet Group is working to launch a stablecoin by 2019. In an announcement released on Tuesday, October 9, 2018, the Japanese IT conglomerate said it is putting all gears in place to begin building its stablecoin, called the GMO Japanese Yen (GJY). дальше »
2018-10-10 02:10 | |
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ICONLOOP Signs MOU with Korean Conglomerate to Develop Blockchain Business Models for Financial Industries
The financial service sector is becoming increasingly aware of the power and utility of blockchains. The large-scale institutions servicing millions of people across the globe need customized blockchain solutions that could address their unique needs and handle the large daily volume. дальше »
2018-9-21 22:49 | |
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Blockchain Company Vostok, Backed by WAVES, Partners With Rostec
WAVES is aiding the global conglomerate in its first exploration into blockchain, which, given the fact that the Russian enterprise is inextricably intertwined with the Russian government, could mean a positive relationship that leads to future Russian-related businesses. дальше »
2018-9-18 05:22 | |
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Australian Securities Exchange Probes Conglomerate’s Upcoming ICO For Crypto Exchange
A Queensland-based investment company has come under the Australian Securities Exchange’s (ASX) radar after seeking over $15 million in an initial coin offering (ICO) for a cryptocurrency exchange. дальше »
2018-9-6 10:00 | |
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Alibaba Accounted for 10% of Blockchain-Related Patents in 2017
Alibaba Group Holding is worth keeping an eye on for those who believe blockchain technology is the future. The multinational technology conglomerate, led by 53-year-old Jack Ma, has filed over 10 percent of the world’s patent applications for blockchain, contributing to China’s dominance in distributed ledger technology on a global level. дальше »
2018-9-4 23:00 | |
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VeChain Partners with Chinese Insurance Firm to Create ‘Collaborative Ecosystem’ Using Thor Blockchain
China’s largest insurance conglomerate by total assets handled, the People’s Insurance Company of China (PICC), has partnered with VeChain, blockchain-based information tracking and governance systems company, with the goal of digitally transforming the insurance industry, according to a press release. дальше »
2018-9-4 22:00 | |
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Why Bitmain is Purposely Losing Money in its Bitcoin Mining Business
According to BitMEX Research, a group of analysts at major Bitcoin exchange BitMEX, Bitmain has been intentionally lowering the profit margin of its core business prior to its initial public offering (IPO). дальше »
2018-9-3 10:00 | |
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Japanese E-Commerce Giant Rakuten Buys a Bitcoin Exchange
Japanese retail conglomerate, Rakuten, has announced the purchase of Everybody’s Bitcoin Inc. , an unlicensed cryptocurrency exchange platform in the country. The acquisition follows a history of past forays into the emerging industry by the e-commerce behemoth. дальше »
2018-9-1 19:00 | |
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A Deeper Look at How Bakkt’s Cryptocurrency Initiatives Can Benefit Millennials
In the past decade, gradual efforts have led to a huge increase in marketing use of digital assets. By far the biggest challenge, aside from the latent nature of bypassing traditional currency options, has been the elusive sense of security. дальше »
2018-9-1 18:00 | |
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Analyst: Crypto Mining Giant Bitmain Losing Its Edge As Demand Dwindles
Chinese tech conglomerate Bitmain has been the dominant force in crypto mining for the past year. However according to analysts at Sanford C Bernstein & Co. it may be losing its edge as rival firms enter the market and demand dwindles as markets continue to decline. дальше »
2018-8-23 13:23 | |
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DST Global Denies Investing in Bitmain IPO
Cryptocurrency–Just days after Softbank, one of the largest investors in Uber, denied putting money into cryptocurrency mining conglomerate Bitmain’s IPO, another company has come forth to put to rest rumors related to participation in the IPO. дальше »
2018-8-22 01:12 | |
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Bitmain Pre-IPO Investors List Deemed False as Tencent and Softbank Dispute Claims
Chinese crypto mining firm, Bitmain has revealed details regarding its pre-IPO (i. e. Initial Public Offering) as well as the involvement of several other firms. However, according to Coin Desk’s report, some of the mentioned involvement does not exist. дальше »
2018-8-21 21:29 | |
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SoftBank Denies Signing Deal With Bitcoin Mining Company Bitmain
It seems that SoftBank is not getting involved in cryptocurrencies with the Bitcoin mining company Bitmain. According to an official from the company, the investment deal that has been reported in the last weeks is not real. дальше »
2018-8-19 17:52 | |
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