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Chinese Company Lost $23 Million Allegedly Mining Cryptocurrency in Secret

A subsidiary of Chinese firm Huatie has been sold off at 10 percent of its initial value following losses from suspected secret cryptocurrency...

‘Blockchain’ Being Used by London Rail Company to ‘Incentivize Changes in Passenger Behavior’

DOVU, a startup from London with goals of becoming the world’s leading marketplace for transport data, has reportedly commenced a working relationship with...

NY Regulators Issue BitLicense to Company With 88 Bitcoin ATMs

The New York State Department of Financial Services (NYDFS) has granted yet another Virtual Currency License (BitLicense) to one more NY-based bitcoin ATM...

Shapeshift Admits ‘Imposition of KYC’d Accounts’ Hurt Company Financially

The instant digital asset exchange platform ShapeShift has laid off one-third of its team because of the “dramatic and severe” crypto recession as...

McKinsey & Company: Blockchain Technology Isn’t Living Up to the Hype

McKinsey & Company, the leading consulting firm, says blockchain technology is failing to transition past its pioneering stage. The company notes, however, that payments...

Overstock Becomes First Major US Company to Pay Taxes in Bitcoin

Internet retailer Overstock has announced that it intends to become the very first major US-based company to pay a part of its state...

Lamassu, The Oldest Bitcoin ATM Company, Moves to ‘Crypto Valley’ Switzerland

There were rising doubts last year about Switzerland’s rightful place as a leader in the crypto space. The tiny alpine country famous for...

Hong Kong Regulation Set to Benefit Custody Company InVault

Cryptocurrency custody services company InVault, from Shanghai, has launched in Hong Kong just in time to take advantage of the special administrative region’s...

Overstock Shares Soar as Company Pivots From Retail to Crypto

US-based internet retailer Overstock has seen a surge in its share price after the CEO announced plans to sell its retail-oriented business and...

HSBC Executes India’s First Overseas Blockchain Payment for Major Company

The British banking giant HSBC has reportedly executed the very first overseas financial transaction of Reliance Industries (RIL) to a US-based client using...
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