Companies

Jack Dorsey Donates 28% of His Wealth to Global COVID-19 Relief

Source Node: https://cointelegraph.com/news/jack-dorsey-donates-28-of-his-wealth-to-global-covid-19-relief
Time Stamp: April 7, 2020 5:30 PM - Modified On: May 21, 2021 - Published By:
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Twitter CEO and Square founder Jack Dorsey has started a new fund called Start Small LLC, aimed at fighting COVID-19. He’s seeding the fund with $1 billion, roughly 28% of his wealth. He shared the news via Twitter:Source: TwitterThe fund’s efforts will initially focus fighting the global pandemic currently dominating the news cycle, but will eventually switch to providing money for girl’s health, education and universal basic income (UBI) initiatives. Dorsey is really putting his money where his mouth is when it comes to taking action to improve the world:“I

The Crypto Industry’s ‘Bloody Friday’ Lawsuits: Do They Hold Weight?

Source Node: https://cointelegraph.com/news/the-crypto-industrys-bloody-friday-lawsuits-do-they-hold-weight
Time Stamp: April 7, 2020 1:47 PM - Modified On: May 21, 2021 - Published By:
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On April 3, a massive deployment of lawsuits were filed against major crypto industry players across the globe. The eleven lawsuits were filed in the United States District Court for the Southern District of New York in what is being called “Bloody Friday” for the industry.These lawsuits are class action in nature. For those unfamiliar with the term, this means a group of people have joined together to file a lawsuit against another party. Class action lawsuits are not very popular on an international level for a number of reasons,

Crypto Payment Network Partners With ID Screening Service

Source Node: https://cointelegraph.com/news/crypto-payment-network-partners-with-id-screening-service
Time Stamp: April 7, 2020 12:47 PM - Modified On: May 21, 2021 - Published By:
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Cryptocurrency network TemTum is partnering with identity verification service Shufti Pro to provide Anti-Money Laundering (AML) and Know Your Customer (KYC) screening services for its customers.As part of the partnership announced on April 7, Shufti Pro will verify TemTum clients'  KYC data including date of birth, addresses, names, document numbers, document issue dates and expiration dates.EU’s 5th Anti-Money Laundering Initiative ComplianceThe partnership follows the adoption of the European Union's Fifth Anti-Money Laundering Initiative (5AMLD), which introduces new and, in some cases, tightened KYC measures on financial platforms — including cryptocurrency

Crypto Conference Attendees Prepare to Enter a 3D Virtual World

Source Node: https://cointelegraph.com/news/crypto-conference-attendees-prepare-to-enter-a-3d-virtual-world
Time Stamp: April 7, 2020 12:33 PM - Modified On: May 21, 2021 - Published By:
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Blockchain and cryptocurrency enthusiasts have found new ways to come together amid the global coronavirus lockdown. A crypto conference called BlockDown 2020 is scheduled to take place in the virtual realm this month, with big name personalities from the blockchain community set to appear as digital 3D avatars.Notable attendees on the docket include Binance founder and CEO Changpeng Zhao, Stellar co-founder Jed McCaleb, and NEO founder Da Hongfei. Also appearing will be Roger Ver, executive chairman of Bitcoin.com, and Erik Voorhees, CEO and founder of Shapeshift.Musician-turned-crypto-innovator Akon will headline the

World Economic Forum Turns to Blockchain to Aid Global Supply Chain

Source Node: https://insidebitcoins.com/news/world-economic-forum-turns-to-blockchain-to-aid-global-supply-chain/256745
Time Stamp: April 7, 2020 5:46 AM - Modified On: May 21, 2021 - Published By:
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On Monday, the World Economic Forum, or WEF, gave a statement that blockchain technology and digitization has the capacity to support the world’s supply lines and help it survive the COVID-19 crisis.Liao and Fan: Transparency Is KeyRebecca Liao, the Executive Vice President of the Skychain blockchain enterprise firm, and Ziyang Fan, the Head of Digital Trade at the WEF, co-wrote a blog post. This blog post stated that the COVID-19 pandemic has come to force a large number of companies to battle an unexpectedly delicate supply chain. Even so-called “Solid”

CoinGecko CEO: ‘Hard for CoinMarketCap to Stay Neutral’

Source Node: https://cointelegraph.com/news/coingecko-ceo-hard-for-coinmarketcap-to-stay-neutral
Time Stamp: April 7, 2020 1:57 AM - Modified On: May 21, 2021 - Published By:
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Just one week after exchange Binance announced its acquisition of CoinMarketCap (CMC) — one of the most-referenced crypto data websites — some prominent figures in the crypto community are speaking out.Bobby Ong, Co-founder and Chief Executive Officer (CEO) of CoinGecko, gave an interview to My Two Gwei on April 6. Among the topics discussed was the crypto data website’s $400 million acquisition and the role it may play in the future. Ong highlighted his company to “uphold data integrity” in the face of “many new exchanges… faking their volume.” One of

Photographer’s Payment Debacle Brings Bitcoin’s Anti-Censorship Into Focus

Source Node: https://insidebitcoins.com/news/photographers-payment-debacle-brings-bitcoins-anti-censorship-into-focus/256711
Time Stamp: April 6, 2020 5:08 PM - Modified On: May 21, 2021 - Published By:
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Censorship has always been one of the biggest problems, and circumventing; it has been one of Bitcoin’s most significant alluring properties. The latest in such occurrences is that of Ben Taylor, a photographer who was recently banned for life from Western Union as a result of his activities in Africa.“No Explanations. Just Leave” In a recent YouTube video, the photographer, better known as Pleasant Green, explained that he established a photography business in Africa as a means of doing some charity work. The business is based in Liberia, and he’s been wiring money

Introducing the new Blockchain.com monthly newsletter — April Edition: “After the Dust Settles”

Source Node: https://medium.com/blockchain/introducing-the-new-blockchain-com-monthly-newsletter-april-edition-after-the-dust-settles-53995c8fc2af?source=rss----8ac49aa8fe03---4
Time Stamp: April 6, 2020 12:38 PM - Modified On: May 21, 2021 - Published By:
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The quality of information and data in crypto has improved in recent years, so you may be asking why another monthly newsletter?There are still some big data and analysis gaps in crypto. Crypto markets are nowhere near as widely served with reliable research and data as traditional markets. Indeed, the March 12–13th crypto stress test demonstrated there are also still some very significant issues with the state of crypto exchange infrastructure.What you can expect from our monthly newsletterOur intention with this newsletter is to avoid repeating what you can find

Fund Flows to Crypto Companies Decline In 2019

Source Node: https://insidebitcoins.com/news/fund-flows-to-crypto-companies-decline-in-2019/256662
Time Stamp: April 6, 2020 9:39 AM - Modified On: May 21, 2021 - Published By:
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New funds in crypto companies have declined significantly in recent years, but the impact was much larger in 2019. Last year, crypto companies were busy buying each other but overall funding deals and mergers & acquisitions declined.PwC report reveals trendsAccording to a new report by PwC, the mergers & acquisitions in the sector were dominated by crypto companies themselves. Last year, 56% of the acquirers in the industry were crypto-natives themselves and rest came from outside. In 2018, these crypto natives buying each other constituted for only 42% of the

The New Land of Crypto Fundraising Is in Asia and Europe, Says PwC

Source Node: https://cointelegraph.com/news/the-new-land-of-crypto-fundraising-is-in-asia-and-europe-says-pwc
Time Stamp: April 6, 2020 6:50 AM - Modified On: May 21, 2021 - Published By:
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Most of the fundraising in the cryptocurrency space shifted from the Americas to Europe, the Middle East, and Africa (EMEA), and the Asia Pacific regions (APAC), according to a recent report by Big Four auditing firm PwC.According to PwC's 2nd Global Crypto M&A and Fundraising Report, during 2019, fundraising efforts in the crypto space obtained 18% less funding, while funds in mergers and acquisitions (M&As) in the space decreased by 40%.As funding decreased overall, APAC and EMEA's share of the pie got larger. While APAC and EMEA saw 44% of