Author: Molly Jane Zuckerman

Crypto Exchange CEO Runs For Mayor Of Taipei To Make It Asia’s ‘Pioneer Blockchain City’

Crypto developer and CEO of the OTCBTC exchange is running for mayor of Taipei in order to transform the capital into a “Blockchain city” for Asia. CEO of major over-the-counter (OTC) crypto exchange OTCBTC and Facebook hackathon winner Yi-Ting Cheng (better known as xdite) has announced that she is running for mayor of the Taiwanese capital city Taipei this year, according to Cheng’s Facebook post on April 14. Cheng is known as a world class developer and hacker, having won the Global Grand Prize at Facebook’s 2012 Hackathon, served as the Chief Technical Officer at China’s ico.info platform, and...

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IBM And Major Banks Blockchain Partnership Reports First Live Pilot Transactions

A Blockchain trade finance platform developed by IBM and other international banks has reported its first live pilot transactions IBM’s partnership with international banks to develop a Blockchain trade finance platform called Batavia has resulted in the platform’s first live pilot transactions, according to a press release published today, April 19. IBM, the Bank of Montreal (BMO), CaixaBank, Commerzbank, Erste Group, and the United Bank of Switzerland (UBS) began work on the initiative last fall. Batavia works by tracking events in a product’s supply chain, while key events can prompt the execution of smart contracts that close trade agreements....

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Dow Jones Media Group And Brave Blockchain Platform To Test ‘Consent-Based Ads’

A partnership between the Dow Jones Media Group and Blockchain project Brave browser will test how to cut out middlemen in online advertising The Dow Jones Media Group and the Blockchain-powered privacy-oriented web browser Brave have formed a partnership to test Blockchain technology in digital advertising, according to a press release published yesterday, April 18. Brave, which was developed by the Brendan Eich, creator of JavaScript and the co-founder of Mozilla, raised $35 mln in 30 seconds durings its Initial Coin Offering (ICO) for the Basic Attention Token (BAT) held last June. Through its new partnership with the Dow...

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In Apparent Exit Scam CEO Of German Startup Is ‘Over And Out’ After $50 Mln ICO

In apparent exit scam, German startup Savedroid founder posts a Tweet saying “over and out” аfter raising $50 mln in ICO. The founder of German-based startup Savedroid has allegedly disappeared after raising a reported $50 mln through both an Initial Coin Offering (ICO) and private funding, according to local news outlet WirtschaftsWoche, today April 18. CEO and founder Yassin Hankir apparently left the intention behind his disappearance fairly clear with the following tweet, posted earlier today, apparently in Egypt: Thanks guys! Over and out … #savedroidICO pic.twitter.com/PMRtjlbEdD — Yassin Hankir #savedroidico (@YassinHankir) April 18, 2018 Savedroid’s ICO website now...

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US: SEC Subpoenas Biotech-Turned-Crypto Company Riot Blockchain

One of the many companies that dubiously added “Blockchain” to their name during last fall’s crypto craze has been subpoenaed by the SEC Riot Blockchain, one of the many companies that changed their name to contain the word ‘Blockchain’ last year evidently on industry hype, has received a subpoena from the US Securities and Exchange Commission (SEC), according to a SEC Form 10-K annual report filed Tuesday, April 17. The filing writes that Riot Blockchain received a SEC subpoena on April 9 containing a request for “certain information” from the company, adding that they intend to “fully cooperate” with...

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Hedge Fund Och-Ziff Exec Leaves Wall Street To Become Coinbase CFO

As part of the apparent exodus of Wall Street talent to the crypto sphere, a hedge fund exec has left to join Coinbase as new CFO. The Chief Financial Officer (CFO) at Wall Street’s Och-Ziff Captial Management (Oz Management) has left to become the new CFO at major crypto wallet and exchange service Coinbase, according to Coinbase’s blog post published yesterday, April 17. Alesia Haas has worked at Oz Management for a year and a half, previously working in executive roles at OneWest Bank and Merrill Lynch. Coinbase President and COO Asiff Hirji wrote in the company’s blog post...

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Pornhub Starts Accepting Verge As Payment, Calls The Move ‘Critical’ For Crypto Adoption

Adult entertainment site Pornhub and cryptocurrency Verge have partnered to offer a crypto payment for Pornhub customers Adult entertainment streaming site Pornhub has announced a partnership with cryptocurrency Verge (XVG) and will now accept the coin as payment for Pornhub Premium and all Pornhub purchases, according to a press release published today, April 17. Pornhub’s website promoted the partnership with a short YouTube video, titled “The Future Has Cum,” of a futuristic dialogue in the year 2077 between a grandfather and his grandson about how Verge became the currency of the world: The introduction to the video notes that...

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Former Goldman Sachs VP Joins Crypto Wallet Blockchain To Attract Institutional Clients

Former Goldman Sachs exec Breanne Madigan will become the head of institutional sales and strategy at crypto wallet Blockchain.info Crypto wallet Blockchain.info has hired former Goldman Sachs executive Breanne Madigan as the head of institutional sales and strategy, CNBC reports today, April 17. Madigan had worked at Goldman Sachs from 2003 to 2017 as an associate, vice president, and finally as the head of institutional wealth services, a department that managed $1.49 trln worth of total assets in 2017, CNBC reports. Blockchain.info, which has 24 mln active wallets according to CNBC, added a buy and sell feature for Bitcoin...

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Bank Of Japan: Central Bank Digital Currencies Could Destabilize Existing Financial System

Bank of Japan deputy governor said during a recent speech that central bank-issued digital currencies could disrupt the current banking system, not for the better. The Bank of Japan’s (BOJ) deputy governor spoke negatively about the effects of central bank-issued digital currencies (CBDC) on the current financial system in closing remarks at a fintech conference, published yesterday, April 16. In his remarks, Deputy Governor Masayoshi Amamiya stated that while central bank-issued digital currencies (CBDC) could have a negative impact on the current financial system, the bank is open in the future to applying emerging economical technologies like crypto. The...

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Swiss Banking Industry To Be Hurt The Most By Blockchain, Says New Moody’s Report

Switzerland’s banking industry could be affected more than other countries’ by cheap Blockchain-powered cross-border transactions, a Moody’s report shows Credit rating giant Moody’s Investor Service said in a recent report that Blockchain technology for cross-border transactions could potentially hurt banks in Switzerland more than in any other country, CNBC reported yesterday, April 16. As half of the Swiss banking sector revenue is from fees and commissions, Switzerland is more at risk of losing money as Blockchain tech makes cross-border transactions cheaper and faster, according to the Moody’s report: “While making cross-border transactions faster and less expensive would be credit...

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