Overstock.com Inc.’s fully owned subsidiary, Medici Ventures, unveiled an $8 million equity investment in its Barbados-based keiretsu firm Bitt, according to a Wednesday (Oct. 28) announcement. A keiretsu relates to a Japanese business made up of a network of various firms. Bitt was started in...
Will blockchain find favor in financial services — and help kill the check? To that end, in further evidence that blockchain is gaining traction with traditional financial institutions (FIs), news came this week that J.P. Morgan has created a new unit focused on blockchain and...
J.P. Morgan Chase has established a new business unit dedicated to blockchain and digital currency work, a move that coincides with the recent profitability of its stablecoin, according to a CNBC report on Tuesday (Oct. 26). The new business unit — Onyx — has a...
On P2P marketplace Paxful, traders are selling up to $16.2 million in discounted bitcoin in exchange for gift cards — an amount that a report from Arcane Research says is half Paxful’s trade volume, Cointelgraph reports. Trade of bitcoin for gift cards, the report says,...
Stellar CEO Denelle Dixon will be part of a new four-person panel on the private sector’s role in addressing cross-border payment issues at the International Money Fund (IMF)’s annual meeting on Monday (Oct. 19). Jonathan Dharmapalan, CEO of eCurrency; Rory MacFarquhar, senior vice president at...
“The Crypto Cruise Ship” is getting ready to depart from the Mediterranean and anchor in the Gulf of Panama, according to an announcement. The “MS Satoshi,” as the ship is to be named, is 804 feet and was bought rom a cruise ship company, according...
DeFi, which is also known as “decentralized finance,” has been included in an increasing wave of business promotions in 2020, Bloomberg reported. An operating system that has been active for a minimum of three years, Tron, recently issued a DeFi token. Tao Network has been...
Singapore’s Qume is seeing an influx of new customers in the wake of the charges from the U.S. against BitMEX, CoinDesk writes. CEO Aditya Mishra said the company has seen around 2,000 customer sign-ups in the last week or so as almost 30 percent of...
Bitcoin continued its upward trend over the weekend with prices near $11,500, according to CoinDesk, with the spike likely tied to the possibility of more U.S. stimulus funds. That’s the first time in a month the price has been that high, CoinDesk writes, with the...
