Earn 16 percent interest or double your money, but pay no attention to the finer details. Would you sell your bitcoin holdings for twice their current price? Really think about it for a second, deeply. If the bitcoin price reached $17,000, would you calmly cash out, or hope to ride...
Chicago-based CME Group, one of the world's foremost derivatives marketplaces – handling roughly "3 billion contracts worth approximately $1 quadrillion annually" (according to its website) – has partnered with London-headquartered Crypto Facilities Ltd to launch a new Ether reference rate alongside an Ether real-time index. The reference rate, known officially...
The big box retailer has been making forays into blockchain technology to improve its supply chain. This latest patent may be a bid to compete with Amazon to get goods straight to customers. Multinational retail behemoth Walmart filed an application for a patent in October 2017 that was published May...
The results from phase three of the Project Jasper banking trials were revealed during the Payments Canada Summit yesterday and highlighted a new integrated DLT securities and settlement platform. Four executives representing a collective effort by the Bank of Canada (BoC), TMX Group, Payments Canada, and Accenture presented a main-stage...
The social media juggernaut will have a dedicated team delving into the best ways to incorporate blockchain. On Tuesday, Facebook's Messenger lead, David Marcus, announced the launch of a small team "to explore how to best leverage Blockchain across Facebook, starting from scratch." It's worth noting that Marcus joined Coinbase's...
A few billionaire buddies were asked for their opinions on bitcoin. Holders won’t like what they had to say. This past weekend, Berkshire Hathaway hosted its annual shareholder meeting in Omaha, Nebraska. In addition to discussing the company's increased stake in Apple, Warren Buffett and longtime business partner Charlie Munger...
In January, Andreessen Horowitz general partner Alex Rampell joined the CFTC’s Daniel Gorfine and Andy Busch for a conversation about blockchain, cryptocurrencies, and ICOs. With regulatory discussions just around the corner, ETHNews extracted some gems from that episode. Here’s what we found. On Monday, May 7, 2018, senior staff from...
Bitcoin trading is supposed to be big business. That isn’t the case for Square. According to its 10-Q quarterly report filed with the US Securities and Exchange Commission, Square brought in approximately $34.1 million in revenue from its bitcoin transactions during the first quarter of the year. That sounds terrific...
Several large automakers, tech companies, and other firms have unveiled a foundation known as the Mobility Open Blockchain Initiative. The group will seek to engage a wide range of stakeholders as it contributes to the development of transportation solutions. On May 2, the Mobility Open Blockchain Initiative (MOBI) was unveiled...
One of Ethereum’s testnets played a critical role in a successful loan transfer completed by the Spanish multinational banking group BBVA. The pilot project enabled a loan to be transacted from negotiation to signing using blockchain technology. BBVA, Spain's second-largest bank, completed a global corporate loan transaction to employ blockchain...