A Swiss investment bank and financial services firm, Union Bank of Switzerland said that the volatility and scale of Bitcoin are still too high to use the digital currency as money, CNBC reported. In a note to customers, according to UBS analyst, Yoni Tevez, until legal support gets efficient enough…
LedgerX, the bitcoin derivatives trading provider, claims that it witnessed a record amount of trading over the course of past 2 Months. The company (in July alone) cleared $50 Million in derivatives volume, claimed Juthica Chou, chief risk officer and president, to the media in an interview. Previously this month,…
Sony, the Japanese technology giant, wishes to patent 2 hardware approaches for maintaining and hosting blockchains, claims the newly published papers. The two filings from Sony are entitled “Device and System” and “Electronic Node and Method for Maintaining a Distributed Ledger,” unveiling for the first time that the firm is…
Starbucks said it would not consider and accept Bitcoin (BTC) or other cryptocurrencies as a type of payment, despite misleading media reports, spokeswoman of told Motherboard on Friday, August 3. Earlier on Friday, the Intercontinental Stock Exchange announced, that operates the New York Stock Exchange plans to create a new…
VoxWeb, the Singapore-located social media company, declared its plans to roll out Vollar, its cryptocurrency. The firm claims that Vollar will allow VoxWeb to monetize via fintech-based and social-commerce solutions without any requirement to serve targeted advertisements. It also plans to resolve the primary challenges in the mass acceptance of…
tZero, the token platform subsidiary of Overstock.com, is formally concluding its STO (security token offering). In addition to this, the platform claimed that there will not be additional expansion, as per its interview with the media. The interview claimed that investors with completely executed SAFEs (Simple Agreements of Future Equity)…
A Chinese bitcoin investor sued OKCoin, a local cryptocurrency exchange for not letting him get Bitcoin Cash post-Bitcoin Fork, according to the local news agency, Weekly Cool. This should be the first legal action in China in which bitcoin’s last year’s fork was involved. Investors, under the pseudonym Feng Bin…
With $1.7 Billion in the bank following its ICO (initial coin offering), Telegram has rolled out its first crypto-friendly functionality. But security scientists are doubtful. As stated in a blog post, a US-located startup, Virgil Security, has verified various weaknesses in Passport, the new identity verification app. While the firm…
LevelTradingField, the interactive financial markets technology service, is rolling out a cryptocurrency derivatives exchange employing the ethereum blockchain. Named as CADE, the service is set to go live from September 2018. It will list ERC-20 tokens that track ether, bitcoin, bitcoin cash, litecoin, monero, and ripple. The tracking will be…
The first music festival’s tickets are now on sale. The festival is set to be fueled by blockchain technology. Planned for this winter, the Our Music Festival is rolling the OMF token (its personal virtual currency) at the University of California at its opening event at Berkeley’s William Randolph Hearst…