Category : Companies

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TravelbyBit to Integrate Binance’s BNB Coin Across all Merchants

Tourism cryptocurrency-payments startup TravelbyBit is ready to announce BNB integration across all its merchants, including shopping at Australia’s cryptocurrency-ready Brisbane airport. Binance announced a $2.5 million investment into TravelbyBit on October 6th, 2018. TravelbyBit has quickly followed revealing plans to fully integrate Binance’s BNB cryptocurrency across its platform and its partner retailers. TravelbyBit partnered with Brisbane Airport, Australia, back in
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After Coinbase, PayPal Bans Social Media Platform Gab ‘Just Because’

ibestico, the social messaging platform born in 2016 as an answer to the “Big Social Monopoly” of extant social media giants, has lost access to its PayPal account. PayPal: Gab Should ‘Find Alternative’ Gab, which in June saw itself unexpectedly banned from US cryptocurrency exchange and wallet provider Coinbase, did not receive an explanation from PayPal, the company’s decision being
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Coinbase Staff Shakeups Continue as Customer Service Staff Are Cut

 Crypto exchange Coinbase continues its recent shakeup of staff and executives as its customer service staff are cut. Crypto exchange Coinbase recently engaged a series of cuts and shakeups involving staff and executives. According to Yahoo Finance, the majority of the laid-off employees were remote. Shakermaker The customer service cuts come despite the exchange’s commitment to user satisfaction. The customer service staff —
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Supreme Court of India Gives Two Week Deadline for Gov’t to Clarify Position on Crypto

The Supreme Court of India has formally set a deadline of two weeks for the government to officially clarify its position on cryptocurrencies. Urging for Clarity After having delayed its decision multiple times, the Supreme Court of India has urged the country’s government to provide its clear and official stance on the matter of cryptocurrencies. According to India’s Economic Times,
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New Research: Large-Raise ICOs ‘Never’ Deliver Returns

If an ICO raised “large” amounts during its token sale, it means the returns to investors are “never high,” according to new research published October 25. Big Investment, Small Dividends The results of a survey by cryptoasset investment fund Primitive confirm that investors choosing to send money to ICOs should, in fact, look for those which plan to raise smaller
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Bitfury Could Be The Next Bitcoin Mining Company to IPO: Report

Bitfury, one of the largest non-Chinese cryptocurrency mining companies, is reportedly eyeing an Initial Public Offering (IPO) to become the very first major public listing within the cryptocurrency industry on the old continent.  $3 to $5 Billion Valuation Citing sources familiar to the matter, Bloomberg reports that European cryptocurrency mining company Bitfury is examining a broad range of options for
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Australian Gov’t Agency Unimpressed, Says Blockchain ‘At the Top of the Hype Cycle’

Australia’s Digital Transformation Agency (DTA) doesn’t appear to be impressed with the current state of blockchain technology. According to its chief digital officer, the technology is being pushed not by governments or users, but by vendors. Blockchain at the “Top of a Hype Cycle” Earlier this year, Bitcoinist reported that the Australian Government provided AUD $700,000 to its Digital Transformation
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AMD Shares Plummet As Blockchain-Related Q3 Sales Turn ‘Negligible’

Shares of the American multinational semiconductor company AMD have plummeted amid lackluster sales of blockchain-related products. The firm revealed in its quarterly report that blockchain-related GPU sales were “negligible.” Revenue Drops, Stock Price Follows Per the quarterly report published October 24, AMD has recorded a revenue of $1.65 billion for the third quarter of 2018. This marks a 4 percent
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Blockchain Reveals New ‘Lockbox’ Hardware Wallet Made By Ledger

Cryptocurrency data and wallet provider Blockchain (formerly has announced it will offer users a dedicated hardware wallet in a new partnership with Ledger. A Blockchain-Only Hardware Wallet In a press release October 25, Blockchain said it was working with the French hardware wallet manufacturer to produce a device “exclusively compatible” with its online wallets. The company, one of the
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Binance Partners With Southeast Asian Venture Capital Giant to Launch Fiat-to-Crypto Exchange in Singapore

Vertex Ventures invests in cryptocurrency exchange platform giant Binance to establish a fiat-to-crypto exchange service in Singapore. Vertex is a subsidiary of Temasek Holdings, and is Southeast Asia’s oldest venture-capital establishment. Details of the Deal In a press release from Accesswire published on Tuesday, October 23, Vertex Ventures network announced its strategic partnership with Binance to launch Binance Singapore. According to Bloomberg, the