Tag: Parent

BitMex’s Parent Company Transforms Into ‘100x Group’

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HDR Global Trading Limited, the firm behind veteran crypto derivatives platform BitMex, has undergone a corporate restructuring and will now be known as ‘100x Group.’ HDR announced the new holding structure on July 15, with the exchange now being owned by the Seychelles-based 100x Group. The announcement said the “new structure provides [the] group with more freedom to explore, incubate, and pursue new opportunities and investments.” There are also suggestions the company may expand into other ventures beyond BitMex. Facilitating investments The 100x Group is led by HDR’s founders, Arthur…

OmiseGO’s Parent Company Changes Name to SYNQA

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Asian fintech company Omise Holdings, now goes by the name SYNQA.  “Forging into 2020, this new corporate identity reinforces their position as a holding company with a portfolio of companies and as the go-to partner in Asia for all fintech and innovation matters,” an April 30 statement from SYNQA said.  OmiseGo conducted its ICO in 2017 Omise, under Omise Holdings, garnered significant funds for its OmiseGo payment solution during the great crypto boom several years back. The company’s ICO ran during the summer of 2017, raising roughly $25 million from selling Ethereum-based…

OmiseGO’s Parent Company Changes Name to SYNQA

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Asian fintech company Omise Holdings, now goes by the name SYNQA.  “Forging into 2020, this new corporate identity reinforces their position as a holding company with a portfolio of companies and as the go-to partner in Asia for all fintech and innovation matters,” an April 30 statement from SYNQA said.  OmiseGo conducted its ICO in 2017 Omise, under Omise Holdings, garnered significant funds for its OmiseGo payment solution during the great crypto boom several years back. The company’s ICO ran during the summer of 2017, raising roughly $25 million from selling Ethereum-based…

SEC Reaches $24 Million Settlement With EOS Parent Firm Block.one

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The United States Securities and Exchange Commission (SEC) has reached a settlement with Block.one to pay $24 million in penalties for conducting an unregistered initial coin offering (ICO). On Sept. 30, the SEC announced in a press release that it has settled the charges against the firm behind the EOS network and corresponding token in the form of a civil monetary penalty. Block.one settled the charges without admitting or denying the findings. According to the press release, Block.one’s ICO of 900 million tokens “began shortly before the SEC released the…

Block.one, EOS Parent, to Open New Headquarters in Washington D.C.

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Block.one, a software engineering company and the creator of the cryptocurrency EOS (EOS)trade, announced that it will be opening its operations headquarters for the US operations in Arlington, Virginia due to its proximity to its fourth international base in Washington D.C. region. Block.one specializes in developing blockchain software and is the company behind the popular blockchain software EOSIO and the seventh-largest digital currency EOS, established in 2018. The company announced that it will be adding more opportunities for employment and making room for engineering department, information technology, digital security, development…

EOS Parent Firm Block.one Opens Up Headquarters in Washington DC

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EOS parent company Block.one is opening its fourth global site located in the Washington, D.C. metropolitan region. Creating 170 jobs over the next three years On Sept. 23, Block.one LLC announced that it is opening new headquarters for its United States operations arm in Arlington, Virginia. The office will purportedly create 170 high-skilled jobs over a period of three years. Block.one CEO Brendan Blumer said: “Its proximity to the nation’s capital positions us close to the policy innovation around digital assets and distributed ledger technology in the U.S. This expansion…

Bitpoint Taiwan’s Sues Parent Exchange for Overbilling After July Hack

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  The Taiwan-based subsidiary of hacked crypto exchange Bitpoint Japan will file a $9.4 million damages suit as it claims to have been overbilled by the parent exchange. Overbilling is ‘clearly’ erroneous Bitpoint Taiwan reportedly found that total funds it collected from local clients have been short by 500 million yen ($4.7 million) due to overbilling by parent company Bitpoint Japan, according to a report by Japanese English-language publication The Mainichi on Aug. 22. Citing a prepared lawsuit, The Mainichi reported that the Taiwanese subsidiary discovered the shortage of funds…

Mercedes Parent Firm is Building a Crypto Hardware Wallet for Cars

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Daimler, the German multinational corporation behind the Mercedes-Benz brand, partnered with European blockchain interface solutions startup Riddle & Code to provide an open car hardware wallet solution, the startup announced in a press release published on July 22. ‘Turn automobiles into future market places’ Per the release, car wallets have a wide variety of use cases, such as car-sharing, autonomous vehicles, real-time exchange of secure traffic data and with smart city environments to reduce congestion and lower insurance premiums. The startup’s CEO Tom Fürstner declared: “Autonomous cars must behave consistently…

NYSE Parent ICE Anticipates Over $20 Million Spend on Bakkt This Year

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Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, estimates it will spend more than $20 million this year in building Bakkt, its bitcoin futures trading and custody platform. In an earnings call for Q4, 2018, on Feb. 7, Scott Hill, ICE’s chief financial officer, said the firm’s investment in Bakkt will result in $20 million to $25 million of its estimated expenses for the fiscal year 2019. The estimation comes just six weeks after Bakkt announced a massive $182 million fundraise for its bid to roll…

Parent Co. of World’s Largest Crypto Exchange OKEx Launches Trading in Argentina

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OKCoin, the parent company for world’s largest cryptocurrency exchange OKEx, has  launched fiat-crypto trading services in Argentina, the company revealed in a tweet Thursday, Nov. 15. According to the company’s blog post about the move, customers can already deposit Argentine pesos (ARS) in exchange for major cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Ripple (XRP), Cardano (ADA), Stellar (XLM), Zcash (ZEC), and 0x (ZRX) “and more.”   OKCoin has also revealed its plans to extend its services all over Latin America, adding other…