Information Technology

News on Information Technology in Crypto Industry

Walt Disney Partners with Verizon Collaborate for 5G Technology

Walt Disney Partners with Verizon Collaborate for 5G Technology

A partnership has been established between Verizon Communications and Walt Disney Studio In exploring the 5G technology possibility of implementation in the entertainment and media industry. The collaboration made will enable the Disney’s StudioLab to use Verizon’s next-gen 5G wireless network which has been launched to force cities since last year.

Sepior & Japan’s SBI Collaborate to Develop Secure Wallet

Sepior & Japan’s SBI Collaborate to Develop Secure Wallet

A collaboration has been made between Sepior ApS and the SBI Group in developing a secure online wallet for Japan’s first bank-backed, government licensed cryptocurrency exchange. CEO of Sepior, Ahmet Tuncay explained, ”… SBI Virtual Currencies operates the first bank-backed, government-licensed cryptocurrency exchange in the most active cryptocurrency trade region in the world.”

Bloom Eyes Expansion Plan for Southeast Asia

Bloom Eyes Expansion Plan for Southeast Asia

A money transfer company headquartered in the Philippines, Bloom established a partnership with a fin-tech firm to adopt the innovative technology of blockchain for its Southeast Asia expansion. The CEO Stevie An explained, “Bloom is a trustworthy company and has never had a problem in the past two-and-a-half years with more than 100,000 remittance transactions to the Philippines.”

OmiseGo Visions to Expand Op to Asia-Pacific Region

OmiseGo Visions to Expand Op to Asia-Pacific Region

The firm visions to develop an open payment platform and decentralised exchange on the Ethereum public blockchain based in Thailand have revealed their plan to expand the business into the Asia-Pacific region. OmiseGo has also shared in their official website that its platform aims to enable financial inclusion and interoperability through the public, decentralized OMG network.”

Top Guns to Resign From Bitmain

Top Guns to Resign From Bitmain

The top executives of a mining firm headquartered in Beijing named Bitmain, Jihan Wu and Micree Zhan was rumoured to resign from their position due to poor financial performance. In an interview Bitmain commented, “Thank you for your attention, but we have no words at this point in time. It would be better if you refer to the prospectus.”

Australia Crypto Firm Denies Allegations

Australia Crypto Firm Denies Allegations

A Sydney-headquartered cryptocurrency firm, Power Ledger has denied the allegation on manipulating social media accounts. Its founder Jemma Green explained, “The means by which they did so were outside of our control, and we made it clear that our core supporters who believed in the project and the future of renewable energy were the main audiences for this program.”

Bitmain to Lay-off 50% of Workforce

Bitmain to Lay-off 50% of Workforce

The Bitcoin mining equipment manufacturers based in China, Bitmain had to lay-off 50% of its workforce soon. In a recent tweet made by Blockstream Chief Strategy Officer and former BTCC Chief Operational Officer, Samson Mow have reported that the company have recently laid off the staff that was working on the development of Bitcoin Cash (BCH) client.

Bimain’s IPO Application in Qualm

Bimain’s IPO Application in Qualm  

Bitmain, manufacturer of Bitcoin mining equipment, is going through one of its tough period, as the Hong Kong Exchanges and Clearing Limited (HKEX) might be skeptical to approve the initial public offering (IPO) application of the company, given their stated concerns about the lack of a proper regulatory framework that can govern the cryptocurrency and blockchain industry.

Israel GMT Unveils Collaboration with Ripple

Israel GMT Unveils Collaboration with Ripple

The GMT, the largest financial institution in Israel announced its collaboration with Ripple technology. GMT in a blog post explained, “After a long and precise process GMT was chosen to be Ripple’s representative in Israel, by so joining Ripple, and its partners, in creating a global financial system, with high-end technology and values such as; transparency and affordable costs.”

Intel Developing High Energy Efficiency Bitcoin Mining System

Intel Developing High Energy Efficiency Bitcoin Mining System

Intel has obtained the United States Patent and Trademark Office for its bitcoin mining system which claimed to offer a higher energy efficiency. A number of tech-cos are now in the race to develop bitcoin mining hardware to match the increasing demand in the industry and to offer the best products that could minimize power consumptions.