The New York Supreme Court has ordered Tether to stop loaning funds to its associated exchange Bitfinex. The orders also include Tether not, distributing any funds to executives, employees or others except regular business-related purposes.
Even though there was hope that eBay may be delving into Bitcoin and cryptocurrency, the hopes were shattered after their spokeperson said that cryptocurrency is not a part of their payments strategy.
The two crypto Mavericks have finally sealed the terms of the bet. While Ethereum co-founder Joseph Lubin is hopeful on the future of DApps, hardcore Bitcoiner Jimmy Song remains highly critical about it.
San Francisco-based cryptocurrency prime brokerage, SFOX, partnered with the century-old New York-based M.Y. Safra Bank to provide crypto traders who use their platform with access to bank accounts backed by FDIC insurance.
Tesla plans to join the ride-hailing business as soon as 2020 with Elon Musk saying the owners whose cars participate in the Tesla network will keep up to 75% of the generated revenue.
Morgan Stanley investment bankers stand to harvest millions of dollars in fees for leading Uber Technologies Inc.’s IPO last week. Wealthy clients are facing big losses because of early investing policy.
Michael Terpin, the victim of a SIM-swap fraud, will be paid $75.8 million in punitive and compensatory damages, which is one of the single largest court judgments awarded to an individual in a cryptocurrency-related affair.
eBay, the US-based e-commerce behemoth, is rumored to make a foray into crypto after its Consensus ads recently leaked online. If eBay does open arms for crypto payments, it could be a boon for adoption.
According to Tim Draper, Bitcoin will continue growing and in a couple of years will have a 5% world’s market share.
Uber went public Thursday night at $45 a share, which was near the low end of its expected range. The pricing gave the company an initial valuation of $75.5 billion — well below the $120 billion figure investment bankers were talking about last fall.
Compared with the results of the last quarter of 2018, the financial situation at Dropbox seems to be much better, as DBX stock adds 5% beating analysts’ expectations.
Ripple has released the xCurrent 4.0 protocol. With it, Ripple’s more than 200 customers will be able to easily integrate the xRapid payment system that leverages the XRP digital asset, said David Schwartz, the chief technology officer of Ripple.
PayPal’s CFO John Rainey stated that while his company was definitely working to create a blockchain/ cryptocurrency framework to facilitate its payments in a more streamlined manner, he still wasn’t sure about Bitcoin’s overall scalability potential.
According to the report published by DataLight, the USA leads the world in crypto trading, with Japan and South Korea taking the second and the third places.
Elon Musk laid out the automaker’s plan when it comes to self-driving, but now the CEO attaches a valuation prediction to it as the company attempts to raise over $2 billion.