business

Binance CEO Says Steem Too Centralized but Exchange Must Support Controversial Hard Fork

Binance is forced to “technically” support last week’s hard fork of the Steem blockchain, according to the crypto exchange’s CEO, Changpeng “CZ” Zhao. In a statement on the company’s official blog Sunday, CZ said that, while the exchange is “very much against zeroing other people’s assets on the blockchain,” to not support it would mean …

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Blockchain to Play Crucial Role in VR-Powered Social Media

Virtual reality media platform, Sensorium, has announced its membership in the Global Blockchain Business Council, or GBBC — a Swiss-based non-profit industry association for blockchain. Sensorium will participate in GBBC’s upcoming virtual forum on May 28, which will see the firm’s director of technology Alex Blagirev discuss his predictions for how virtual social media will …

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Enterprise Blockchains: Seven Steps to Success

In my approximately two-decade career at Microsoft, I had the privilege and the opportunity to first work on the company’s emerging enterprise strategy, to architect and ship key enterprise technologies, and to build a strategic enterprise business and profit and loss. I think I can say with some level of credibility that I understand the …

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Industry at a Crossroads, Crypto Enters Fourth Phase of Development

The crypto space is well over a decade old with more than 5,500 different cryptocurrencies and a market capitalization north of $250 billion. Researchers at American venture capital firm Andreessen Horowitz say the 11-year old industry is in its fourth supercycle with the three previous epochs culminating in distinct developments that have gone on to …

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Canaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price Cut

China-based bitcoin miner manufacturer Canaan has reported a net loss of $5.6 million for Q1 2020, even though it had cut down the prices for its hardware by more than half in an effort to sell more machines. In an earnings report released on Friday, the firm said it made $9.4 million in revenue for …

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Huobi, OKEx and Upbit Join Top 10 in Messari’s ‘Real Volume’ Revamp

Crypto data and research platform Messari has added 10 new exchanges to its “real volume” metric as part of a revamp of the methodology. The ranking is an attempt to rank exchanges without including any wash trading — which came about following the landmark Bitwise report that suggested 95% of volume was fake. The report …

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Crypto Custodian Anchorage Teases Growth Plan With 2 Executive Hires

Anchorage now has six executives in its C-suite, hiring a head of finance and head of sales with experience in both tech and Wall Street. Julie Veltman, who’s joining the crypto custodian as head of finance, has issued new asset-backed securitizations for Merrill Lynch’s Structured Product Capital Markets group. She also built out a broker-dealer, …

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Crypto.com to Expand Its MCO Visa Card Service to Canada

Leading cryptocurrency payments platform Crypto.com announced that it has received regulatory approval for its Visa card program in Canada, and will soon be rolling out MCO Visa cards in the country.  MCO Visa cards are prepaid cards that can be topped up with cryptocurrencies including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), XRP, and Crypto.com’s native …

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IBM Takes 7% Stake in Trade-Finance Blockchain Network We.Trade

IBM has become a shareholder in we.trade, the trade-finance platform jointly owned by 12 European banks, signaling further consolidation across the enterprise blockchain space. Ciaran McGowan, we.trade’s CEO, said the deepening relationship with Big Blue will help the platform in its next phase of global expansion. “Now we’ve got a very strong partnership with IBM …

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Many People Know About DeFi, But Few of Them Use It

Cryptocurrency price aggregator CoinGecko conducted a survey with almost 700 of its users to learn more about the trends in decentralized finance (DeFi). The report, published on May 20, highlights that many cryptocurrency users heard about DeFi and some of its better known projects, but few of these are actually using it. Out of its …

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