Google LLC is an American multinational technology company that specializes in Internet-related services and products, which include online advertising technologies, search engine, cloud computing, software, and hardware. Google was founded in 1998 by Larry Page and Sergey Brin while they were Ph.D. students at Stanford University in California.
Together they own about 14 percent of its shares and control 56 percent of the stockholder voting power through supervoting stock. They incorporated Google as a privately held company on September 4, 1998. An initial public offering (IPO) took place on August 19, 2004, and Google moved to its headquarters in Mountain View, California, nicknamed the Googleplex.
In August 2015, Google announced plans to reorganize its various interests as a conglomerate called Alphabet Inc. Google is Alphabet’s leading subsidiary and will continue to be the umbrella company for Alphabet’s Internet interests. Sundar Pichai was appointed CEO of Google, replacing Larry Page who became the CEO of Alphabet.
Android Pay is a digital wallet platform developed by Google to power in-app and tap-to-pay purchases on mobile devices. Enabling users to make payments with Android phones, tablets or watches. Android Pay does not require specific contactless payment terminals, and can work with existing terminals. Android Pay uses near field communication (NFC) to transmit card information facilitating funds transfer to the retailer.
Cryptocurrency scams stand up on a new level as nowadays the biggest industry players are caught into a trap of the frequent Bitcoin frauds.
Former Google CEO Eric Schmidt recently revealed that he’s a fan of blockchain technology and digital currencies, specifically referencing the likes of Bitcoin (BTC) and Ethereum (ETH).
Dapper Labs, a startup behind CryptoKitties, has recently raised $15 million in a funding round led by Venrock, with participation from Google Ventures and Samsung Next.
Cryptocurrency startup Veem just completed a new funding round that includes investors such as Goldman Sachs and Google Ventures. This is not surprising, given the exponential growth of the company, as it seeks to disrupt the global payments sector.
Google will manually approve the blockchain and cryptocurrency businesses providing better investor protection and weeding out illegitimate services and frauds.
Google delisted three major cryptocurrency wallets – Bitcoin.com, CoPay and BitPay, from its Play Store. Crypto community tries to find out the true reason.
The announcement comes just few months after Cloud giant Google introduced Bitcoin blockchain support for its BigQuery data analytics service.
In July 2018, Google enforced a ban on applications that allowed mining cryptocurrencies on mobile devices. However, some apps with on-device mining capabilities are still live on the Play Store.
Blockchain-based advertising and marketing platform Atlas Protocol has successfully closed its new funding round, having raised raises $3 million.
Google has updated its Play Store policy banning all the apps engaged into cryptocurrency mining activities along with low-quality and low-effort applications.
