Day: December 17, 2020

French Mobile Payment App Lydia Bags $86 Million in Funds

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Users of Lydia can now spend money in their account directly using a Visa debit card as a result of an upgrade of the platform. The app also allows users to generate a virtual card thatโ€™s accepted by Google Pay and Apple Pay. Lydia, a French mobile payment app and fintech startup, raised $86 million in its last Series B round. The company earlier in January raised $45 million, with Tencent, a Chinese multinational holding company leading the investment. The French mobile payment app has now raised $131 million in…

Blockchain Companies LTO Network and VIDT Datalink Announce Merger

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Two of the Netherlandsโ€™ top blockchain companies have just merged in hopes of creating the most robust end-to-end B2B blockchain solution on the market. The names of the two companies should ring a bell: LTO Network and VIDT. Both are currently in the top 300 blockchain companies globally based on market cap and have built large communities through a series of high profile partnerships and campaigns with organizations such as The United Nations, IBM, and more.ย  With a passion for both data and providing easy-to-use blockchain solutions, the merger will…

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Trading app Robinhood settles SEC charges for $65 million

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Robinhood has staved off a suit from the Securities and Exchange Commission by agreeing to pay $65 million. The trading app, which takes its name from the English folk hero who stole from the rich to give to the poor, made its name by making investing simpler for newcomers. Per a Thursday announcement from the SEC, Robinhood deceived its users as to where its money was actually coming from between 2015 and 2018, citing: “Material misrepresentations and omissions by Robinhood relating to its revenue sources, specifically its receipt of payments…

CB Insightsโ€™ Blockchain 50 lists US, UK and Switzerland as adoption hotbeds

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Research firm CB Insights and Blockdata, the data company acquired by CB Insights in September of this year, have unveiled their first-ever annual โ€œBlockchain 50โ€ list, which consists of 50 private companies applying or analyzing blockchain technology to solve business- or consumer-related problems across various industries. Jonathan Knegtel, CEO and co-founder of Blockdata, told Cointelegraph that the Blockchain 50 list represents an annual ranking of the 50 most promising companies within the blockchain ecosystem. Specifically speaking, Knegtel noted that this yearโ€™s companies are tackling consumer and enterprise use cases: โ€œThis…

Massive Fake Celebrity-Endorsed Bitcoin Investment Campaign Duping Google, Facebook Traced to Moscow

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A massive bitcoin ad scam campaign โ€” which features celebrities and mainly targeted Australians โ€” has been traced. The investigationโ€™s findings point to a โ€œhighly organizedโ€ global business that relies on five addresses in Moscowโ€™s center. Massive Bitcoin Ad Scam Campaign Traced to Russia According to The Guardian, the scam campaignโ€™s magnitude has made it difficult for Google, Facebook, or Australiaโ€™s financial watchdogs to take down the thousands of ads deployed across the web. The ads often feature Australian celebrities like Dick Smith, Andrew Forrest, Chris Hemsworth, among others. The…

Wolfram Alpha teams up with Cardano to build ‘avant-garde oracles’

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Wolfram Alpha, a major computational knowledge engine providing technology for major services like Appleโ€™s Siri assistant, is integrating data from Cardano blockchain. According to a Dec. 17 announcement, Wolfram Blockchain Labs, or WBL, a subsidiary of Wolfram Research, has partnered with Charles Hoskinson-founded tech company, IOHK. As part of the partnership, WBL will integrate Cardanoโ€™s blockchain data into Wolfram Alpha, allowing developers to integrate external data into Cardanoโ€™s smart contracts. The new partnership will specifically address work on the so-called โ€œavant-garde oracles,โ€ which the companies believe are a necessary component…

LGโ€™s consulting arm joins KardiaChain mainnet validators

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A subsidiary of global conglomerate LG will participate in the mainnet launch of a Vietnamese hybrid blockchain project, KardiaChain. LG CNS, an IT and consulting subsidiary of LG Corporation, has partnered with KardiaChain to act as a validator for its upcoming mainnet launching in late December. According to a Dec. 17 announcement, LG CNS will be validating KardiaChain mainnet alongside major Vietnamese companies like multinational conglomerate Geleximco, global tech business HPT Vietnam and taxi business Mai Linh Group. As part of the partnership, KardiaChain will also work with LG CNS…

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Morgan Stanley Downgrades Moderna (MRNA) Stock Before Its Meeting with FDA Today

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Morgan Stanley has asked investors not to make any fresh entry in MRNA stock citing potential downside in the short-term. Moderna is having a meeting with the FDA officials later today for approval of its COVID-19 vaccine candidate. Pharmaceutical giant Moderna Inc is set to receive FDA approval for its COVID-19 vaccine anytime soon. However, Moderna Inc (NASDAQ: MRNA) stock has entered the speculation zone as day traders are not so confident of the approval anytime soon. On Wednesday, December 16, MRNA stock price tanked nearly 7% closing at $137.…