Day: September 15, 2020

Brock Pierce Served for Securities Fraud in Connection with His Blockchain Company Block.one During Electoral Campaign

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Presidential hopeful Brock Pierce was served a court summons during his presidential campaign in front of his new headquarters in New York City today. US attorney James Koutoulas uploaded a video of when the class action caught Pierce by surprise. During a presidential campaign run that marked the opening of his New York City headquarters, Block.one co-founder Pierce was served by James Koutoulas’ legal team with a class-action lawsuit against the blockchain company. Koutoulas, the CEO of Typhon Capital Management and the lead attorney in the legal case against Pierce…

Russia’s largest bank joins blockchain trade finance platform

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A subsidiary of Russia’s largest bank, Sberbank, has joined a blockchain-based platform for commodity trade finance. Sberbank Switzerland AG has signed an agreement with Swiss trade finance platform Komgo to apply its blockchain-powered trade finance service. Representatives from Sberbank Switzerland AG told Cointelegraph that the collaboration with Komgo addresses the growing digitization of trade finance. Evgeny Kravchenko, head of trade finance at Sberbank, outlined that commodity trade finance is a strategic business of Sberbank Switzerland AG. According to the executive, Russia and the Commonwealth of Independent States’ countries are the…

Binance sued for allegedly facilitating money laundering with ‘lax KYC’

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Binance’s famously light Know Your Customer requirements are being targeted by the current owners of Zaif, a Japanese cryptocurrency exchange that got hacked in 2018. Plaintiffs are claiming that its weak KYC requirements and high daily withdrawal limit facilitated the laundering of $60 million stolen from the exchange. The lawsuit was filed in the Northern District of California by representatives of Fisco cryptocurrency exchange, which acquired Zaif soon after the hack. Fisco is accusing Binance of helping launder $9 million in cryptocurrency, and is seeking compensation for these alleged losses.…

How blockchain can promote sustainability and ethical labor practices

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As the post-coronavirus world develops a greater awareness of global supply chains, we talk to Leanne Kemp, the CEO and founder of Everledger who has made it her mission to increase transparency and trust within global markets. Aside from Everledger, a company that uses blockchain technology to create digital records that track the supply chain of luxury goods like gemstones and fine wine, Kemp is a leader in the blockchain space in myriad other ways. She co-chairs the World Economic Forum’s Global Future Council on the Future of Manufacturing. She…

Binance Coin Jumps 17% Rally by Mid-September; Could It Hit $40?

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Binance Coin (Symbol: BNBUSD) is the only top tier cryptocurrency that has returned profits to its investors in the first half of September. The seventh-largest crypto by market capitalization was up by circa 17 percent, trading at $29.07 as of 1023 GMT, Tuesday. At the same time, other leading cryptocurrencies, including Bitcoin, Ethereum, and XRP, were trading 10-20 percent below zero. Beating Ethereum At its month-to-date high, Binance Coin was trading at $34.05, up by almost 47.04 percent. The cryptocurrency’s surprising upside move came amidst growing demand for Binance Chain.…

Palantir Set to Go Public via Direct Listing

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Palantir Technologies is set to get its public listing on the New York Stock Exchange by the end of the month. The firm has chosen the Direct Listing process. Software giant Palantir Technologies Inc is set to get its public listing later this month following months of planning and recent Securities and Exchange Commission’s (SEC) approval. Palantir gearing up for its public listing issued its third updated prospectus in which it made known its fully diluted share count as well as giving the sum of its unvested and restricted stock.…

Bitcoin Surges Towards $10,800 as Recovery Continues: Here’s What Comes Next

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Bitcoin is surging higher as legacy markets rally. The leading cryptocurrency is up around 5% in the past 24 hours, outpacing many altcoins, with focus re-centering on BTC. The cryptocurrency seems to be benefiting from a drop in the value of the U.S. dollar. This has historically sent both gold and Bitcoin, along with the stock market, higher. Related Reading: This European Crypto Exchange Was Just Hacked for $5 Million There do seem to be some technical reasonings behind Bitcoin’s ongoing rally too, though. Namely, the cryptocurrency managed to close its…

New iPad Air and Apple Watch 6 at Apple September Event

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The event titled ‘Time Flies’ will be all about the Apple Watch, the iPad Air, Apple software, and will include a few interesting announcements. In what seems like a strategic release or a mere turn of events, Apple Inc (NASDAQ: AAPL) will not be announcing any iPhone hardware update on September, 15. Instead, the Apple Event will be all about the Apple Watch, the iPad Air, Apple software and a few other interesting announcements. In the past few months, there has been high speculation on the likely iPhone 12 prototype…

Don’t expect another Bitcoin price ‘catastrophic dump’ — Analyst

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Bitcoin (BTC) price trajectory is looking to favor bulls going forward, statistician Willy Woo believes as the market nears $11,000. In a series of tweets on Sept. 14, Woo highlighted strength in market composition and said that current price levels could be a useful entry point for investors. Woo: Little chance of “catastrophic” BTC price dump “Another impulse of coins changing hands has completed, the next directional move over the coming weeks is likely upwards,” he summarized. “It’s very unlikely we’ll see any kind of a catastrophic dump in price…