Rakuten Inc. reported an unexpected quarterly loss, hit by the depressed value of its investment in ride-hailing firm Lyft Inc. and heavy spending on a new wireless service.
It seems that big companies as Facebook, Amazon and Google might be forbidden to launch their digital assets. If the Congress’s Bill pass – they could face with paying $1K penalties per day. Even though it’s not likely for bill to pass, it presents another obstacle for Facebook’s Libra.
The new PayPal Commerce Platform will allow businesses from all over the globe to connect with more than 277 million active PayPal users and to directly accept more than 100 currencies.
Yahoo! Japan and CMD Lab Inc will launch a new cryptocurrency exchange platform, dubbed TaoTao on May 30 in what is Yahoo!’s first crypto-related project and also a first by a large Web services company.
Owned by Yahoo! Japan subsidiary, Taotao will start operating from May 25, allowing investors trade a limited range of cryptos.
Over the past few years, we’ve witnessed a number of decision-makers in both public and private sectors across the world make poor decisions that will undoubtedly make it into the history books in years to come.