Business

Blockchain-enabled IT Innovation Introduced by the Moscow Government

Blockchain-enabled IT Innovation Introduced by the Moscow Government

The municipal government of Moscow have revealed their plan to launch a blockchain-powered city innovation cluster on this coming summer of 2019. The platform will allow the participants to search for the potential partners to learn about their products and equipment, it was confirmed by the Head of the Department of Business and Innovation of Moscow, Alexey Fursin.

Litecoin Makes A Giant Leap In Market Capitalization

Litecoin Makes A Giant Leap In Market Capitalization

Litecoin jumped to fourth position in terms of market capitalisation as the investors are back to bullish mode to bet their cash on it. Many attribute the main cause for such sudden excitement to the plans of Litecoin paternering with MimbleWimble solutions for a privacy option. Whereas all other top ten coins where still in slumber with few exceptions.

Startup ErisX’s Hiring Spree

Chicago-based crypto exchange startup ErisX announced that it has hired three new executives From Barclays, YouTube and BATS Global Markets namely they are COO Robert Thrash, a former managing director at Barclays; head of infrastructure Arnold Connell, a former YouTube executive, and business development executive; John Denza, the former director of U.S. equity and derivatives sales at BATS.

Coinsquare Layoff More than 40 Employee

Coinsquare Layoff More than 40 Employee

A message has been posted on LinkedIn by the Head of Talent for Coinsquare, Martin Hauck regarding the company’s plan to layoff approximately 40 employees. Hauck in the post has explained, “In an effort to assist those affected, we’ve shared profiles this way. In the event, your company is hiring, or in a position to support them, message me directly…”

Solve.Care Teams up with KuCoin for Business Expansion in Asia

Solve.Care Teams up with KuCoin for Business Expansion in Asia

A top blockchain-powered healthcare platform, Solve.Care collaborates with a leading blockchain asset platform KuCoin to penetrate the Asian markets. Solve.Care then commented, “This is a key milestone in our Asia expansion strategy that will help us achieve much larger goals. KuCoin is a very reputable company that has been in business since 2017…”

Slack’s Anticipated Initial Public Offering

Slack’s Anticipated Initial Public Offering

The widely used business productivity company, the Slack it has filed for a direct listing on US stock exchanges with a $10 billion valuation. In private funding, the company has raised around $1 billion over 8 rounds. The company plans to go the direct-listing route means that the market will actually determine the value of Slack shares.

XRP Payment Option Launched in Coingate For 4500 Merchants

XRP Payment Option Launched in Coingate For 4500 Merchants

CoinGate have shared big news to the XRP Community that Ripple (XRP) is now listed on its payment system which allows the users to utilizes their XRP across 45000 merchants. The Spokesperson of XRP, explained, “we need to diversify the validator ecosystem to increase resiliency and robustness, this will lead us to become globally adopted digital asset for payments.”

Tesla’s CFO is Leaving Again, Shares Dip

Tesla’s CFO is Leaving Again, Shares Dip

Tesla CEO Elon Musk has announced that the electric car maker’s long-serving chief financial officer (CFO), Deepak Ahuja, is leaving the company. Zach Kirkhord who has been the finance vice president will be appointed as its new CFO. Tesla’s earnings per share were however below the expectation of analysts, in spite of having 4 profitable past quarter since going public.

Japan’s Mammoth Economic Growth Lie

Japan’s Mammoth Economic Growth Lie?

Japan’s prized economic growth rate and policies were found to be reliant on fraudulent data, over 40 percent of Japan’s 56 economic policies contain errors. This may cause the years of capital raised through government bond and FDI may go southward. Despite the unexpected use of fraudulent data, Bank of Japan (BoJ) has continued to maintain a negative outlook for cryptocurrencies.

Trump Ends Shutdown, Damage done to Crypto Industry

Trump Ends Shutdown, Damage done to Crypto Industry

U.S. President Donald Trump ended the partial government shutdown, albeit temporarily to be precise the government will be open for three weeks. The Securities and Exchange Commission SEC and Commodity Futures Trading Commission (CFTC) was largely paralyzed, delaying the IPO applications and possibly triggering insider trading, critically affecting the new crypto-industry.