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| September 26, 2018

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Disneyland Resort reaches tentative contract agreement with hotel workers

September 19, 2018 |

After a year and a half of negotiations and protests, the Disneyland Resort has reached a tentative contract agreement with the union that represents about 2,700 hotel workers.

The agreement reached early Tuesday by the leadership of Unite Here Local 11 and Disney management would raise the starting…


L.A. Times – Business

Binance Wants to Invest in Africa, Reaches Out to African Projects

September 3, 2018 |

Binance Wants to Invest in Africa, Reaches Out to African Projects

Africa is a market of over 1.2 billion consumers, with fast growing developing economies and hundreds of millions of unbanked people. As such, the continent offers plenty of opportunities for new crypto ventures and Binance is eager to tap this market.

Also Read: The Daily: Bittrex Invests in New Platform, ATM Market to Grow Over 50% a Year

Binance Reaches Out to Africa

Binance Wants to Invest in Africa, Reaches Out to African ProjectsBenjamin Rameau, Director at Binance Labs , has published on Friday an explanation about the commitment by the company to invest in Africa and called on supporters to help connect them to African projects with excellent founders. He proclaimed: “We have no headquarters, no office and no geographical boundaries. We are just as African as we are Asian or European. The blockchain revolution will be a global one and Binance Labs will consider investments in all non-sanctioned countries. In Africa, we feel very much at home and we want to deploy our capital there.”

The company is turning to Africa not out of charity, or even a need to diversify its portfolio globally, but out of a pure profit motive. It sees investing in the continent as the ultimate contrarian play of our times, as Rameau explained: “Come 2018, the consensus view holds that the 21st century belongs to Asia; yet we believe that it will be Africa’s turn to surprise. Investing today in Africa could be the best trade of the century.”

An African Future

Binance Wants to Invest in Africa, Reaches Out to African ProjectsA multitude of factors support the prediction that the continent will be the greatest investment opportunity of our time. For example, in an era when many developed economies are suffering from an aging population and shrinking labor pools, Africa enjoys a large and growing young populace. Additionally, there are multiple reasons that crypto projects are uniquely suited to take part in these developments. Chief among these is that while an entrenched banking industry in rich countries can try to block new technologies which may endanger its profits, many parts of Africa are without such an impediment and can thus leapfrog directly into the age of crypto-based financial infrastructure.

Many countries in Africa also have very competitive wages and an underused labor pool that are very appealing for expense-sensitive crowdsourcing projects. As Rameau noted: “If screening through scams on Twitter and registering fake accounts pays $ 3/hour, developed market contributors will face high opportunity costs and be pushed out of the labor pool, but this rate could be a handsome reward for someone working out of Somalia.”

How should leading cryptocurrency companies help advance new African projects? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Binance Wants to Invest in Africa, Reaches Out to African Projects appeared first on Bitcoin News.

Bitcoin News

The Daily: Robinhood Reaches Iowa and Georgia, Coinbase Returns to Wyoming

August 7, 2018 |

The Daily: Coinbase Returns to Wyoming, Robinhood Crypto Reaches Iowa and Georgia

In today’s edition of Bitcoin in Brief, we cover the return of Coinbase to Wyoming, the expansion of Robinhood Crypto to Iowa and Georgia, a lawsuit against an exchange for failing to give a user his BCH plus a cybersecurity research that finds cryptocurrency exchanges experienced a massive surge of user data leaks.

Also Read: Indian Exchange Zebpay Enables Trueusd (TUSD) Stablecoin Trading

Coinbase Returns to Wyoming

The Daily: Coinbase Returns to Wyoming, Robinhood Crypto Reaches Iowa and GeorgiaCoinbase has announced that its money transmitter license has been renewed in the state of Wyoming. That means that after about three years of absence, locals can once again use the platform to buy, sell and spend supported cryptocurrencies. Wyoming passed a number of laws meant to make the state more attractive to Bitcoin business this year, including exempting cryptocurrencies from property taxation.

Mike Lempres, Chief Legal & Compliance Officer, stated: “Regulators and legislators can work together to foster innovation by either licensing cryptocurrency money transmissions or exempting cryptocurrency from money transmission laws. The leadership and partnership between the state legislature and Governor Matt Meade allowed for this new legislation to be signed into law, under which cryptocurrency companies in Wyoming are no longer required to double reserve the assets of state residents. Now Coinbase and other compliant, regulated cryptocurrency companies can serve Wyoming customers in the same way we serve customers from nearly every other state.”

Robinhood Crypto Reaches Iowa and Georgia

The Daily: Coinbase Returns to Wyoming, Robinhood Crypto Reaches Iowa and GeorgiaRobinhood Financial, the Palo Alto-headquartered US stocks brokerage app, has added another two locations where cryptocurrency trading is now supported for its clients. The company officially announced on its Twitter page that the service is rolling out to Iowa and Georgia. The app now supports Ethereum Classic (ETC), in addition to its previous offering of BTC, BCH, ETH, LTC and Doge. In total, Robinhood Crypto is now available in 19 US states, including Arizona, California, Colorado, Florida, Georgia, Indiana, Iowa, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Pennsylvania, Texas, Utah, Virginia and Wisconsin.

Chinese User Sues Okcoin

According to media reports from China, a user of Okcoin named Feng Bin is suing the exchange over some missing bitcoin cash. The client claims he had to receive about 38.75 BCH following the fork due to his holdings before the event which just recently marked its one year anniversary. The Chinese investor alleges that when he contacted the Okcoin team to help recover his BCH he was told by support staff that the deadline the exchange set for doing so had expired and he was no longer eligible due to that reason.

‘Leaky’ Cryptocurrency Exchanges

Group-IB, a Moscow-based cybersecurity firm, has issued a report about user data leaks from cryptocurrency exchanges. The researchers analyzed the theft of 720 user accounts (logins and passwords) from the 19 largest exchanges during 2017, and found a steady increase in the number of compromised user accounts. In 2017, it increased by 369% compared to 2016. And in January 2018, the number of incidents jumped by 689% compared to the 2017 monthly average. The US, Russia and China are where users are targeted most often.

The study identified 50 active botnets used for launching cyberattacks on users of cryptocurrency exchanges. The researchers found that cybercriminals employ sophisticated malicious software and even modified tools previously used for attacks on banks to hack cryptocurrency exchanges and gain access to users’ personal data. However, the main culprit is that both users and exchanges fail to use two-factor authentication. The second cause is disregard for basic cybersecurity rules such as using weak and repetitive passwords.

The Daily: Coinbase Returns to Wyoming, Robinhood Crypto Reaches Iowa and Georgia

“In 2018, we will see even more incidents. This situation requires prompt and effective response of all stakeholders, including experts in different areas,” stated Ruslan Yusufov, Director of Special Projects at Group-IB.

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock, Group-IB.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Robinhood Reaches Iowa and Georgia, Coinbase Returns to Wyoming appeared first on Bitcoin News.

Bitcoin News

Apple’s Market Cap Reaches $1 Trillion

August 3, 2018 |

The Silicon Valley giant became the first U.S.-listed company to surpass $ 1 trillion in stock-market value, underscoring the iPhone maker’s explosive growth and its role in fueling the rise of the technology industry to the forefront of the global economy.
WSJ.com: What’s News Asia

Apple’s Market Cap Reaches $1 Trillion

August 3, 2018 |

The Silicon Valley giant became the first U.S.-listed company to surpass $ 1 trillion in stock-market value, underscoring the iPhone maker’s explosive growth and its role in fueling the rise of the technology industry to the forefront of the global economy.
WSJ.com: US Business

The Daily: Skrill Launches Crypto Trade, Luxury Market Reaches $100M Transactions

July 26, 2018 |

The Daily: Skrill Launches Crypto Trade, Luxury Market Reaches $  100M Transactions

In today’s edition of Bitcoin in Brief we cover stories about Skrill launching crypto buying and selling, luxury marketplace The White Company reaching $ 100 million in transactions, Bitmex setting a trading record, and weak mining-related sales hurting AMD.

Also Read: Bitmain Reveals the Total Hashrate of Its Mining Hardware

Skrill Launches Crypto Trading

The Daily: Skrill Launches Crypto Trade, Luxury Market Reaches $  100M TransactionsSkrill, the online payments service formerly known as Moneybookers, is now enabling its wallet users to instantly buy and sell cryptocurrencies, including BTC, BCH, ETH and LTC, using more than 40 supported fiat options. The company said it purchases and holds the cryptocurrency via “a recognised cryptocurrency exchange.”

Skrill’s new cryptocurrency capability is available at launch in over 30 countries including: Australia, Argentina, Austria, Belgium, Brazil, Bulgaria, Canada, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Luxembourg, Malta, Mexico, Netherlands, Norway, Peru, Poland, Portugal, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, UAE, and the UK. The company plans to roll it out to additional markets and extend the service to its mobile app and Paysafe’s Neteller digital wallet in the next few months.

Lorenzo Pellegrino, CEO of Skrill, commented: “The world of cryptocurrency trading is exciting and dynamic, and our digital wallet service very much lends itself to this environment. I’m confident that the ability to trade in cryptocurrencies quickly and easily through Skrill will appeal to consumers both now and in the future. We know many people want to experiment with cryptocurrency trading but don’t know where to start and we’ve made the entire process very straightforward.”

The White Company Reaches $ 100M

The Daily: Skrill Launches Crypto Trade, Luxury Market Reaches $  100M Transactions
Screenshot

The White Company, a cryptocurrency concierge and luxury marketplace, has announced it surpassed $ 100 million in cryptocurrency sales and transactions since launching in 2017. Over 25,000 deals have taken place for goods including Lamborghinis, pieces of rare art, global excursions and conversions to fiat. The platform also plans to launch a commercial processing solution by the end of Q3 2018.

“Usability of crypto is paramount for its mainstream adoption,” said CEO Elizabeth White. “A new asset class has been created through this digital currency boom, but holders have been largely unable to spend their new wealth. We’ve made it our mission to help consumers use crypto to purchase goods, experiences or simply cash out into fiat, and our recent stablecoin and wallet platform furthers that goal. This milestone is a testament to the demand for widespread usability, and we’re excited to continue serving the market and working with merchants in the near future.”

Recently, the company has decided to accept Bitcoin Cash (BCH), and says there has been a high demand by BCH holders. Gold Krugerrands and Beyonce/Jay-Z tour tickets being the most popular items. As a result, The White Company has begun offering exclusive items available for purchase only with BCH, starting with jewelry from Cartier.

Bitmex Sees Over 1 Million BTC Trades in 24 Hours

The Daily: Skrill Launches Crypto Trade, Luxury Market Reaches $  100M TransactionsBitmex, an exchange offering cryptocurrency trading with very high leverage, has reported more than 1 million BTC traded on the platform in the 24-hours period closing July 24. The 1,041,748 BTC traded shattered its previous record of 800,000 traded within 24 hours.

CEO and Co-founder Arthur Hayes said: “The astronomical surge in trading volume, coupled with the steadily rising price of bitcoin, is reflective of the market’s increasingly sophisticated understanding of the potential of bitcoin to redefine global markets. The achievement was also largely thanks to ongoing capacity increases accomplished by scaling our engine architecture. The record that BitMEX has set marks a major milestone in the cryptocurrency industry’s overall path to maturation. I am delighted that BitMEX’s easy-to-use and highly secure trading application has helped to onboard yet another tidal wave of people from all around the world to the crypto market and given them the confidence to participate on the largest scale ever seen.”

Weak Mining-Related Sales Hurt AMD in Q2

The Daily: Skrill Launches Crypto Trade, Luxury Market Reaches $  100M TransactionsAdvanced Micro Devices, Inc. (NASDAQ:AMD), whose mining-related sales accounted for 10% of its overall revenue in Q1, has reported its Q2 financial results. Despite a quarterly increase in overall revenue of 7%, the Computing and Graphics segment revenue was down 3%. The company explains that this decline “was primarily related to lower revenue from GPU products in the blockchain market.” For the third quarter of 2018, AMD expects revenue to be driven by the sales growth of Ryzen and EPYC products, “partially offset by lower sales of GPU products in the blockchain market.”

AMD CFO Devinder Kumar commented in an earnings call with analysts that: “Graphics revenue was down primarily driven by lower blockchain sales partially offset by stronger data center sales. We believe blockchain-related revenue declined from approximately 10% of our revenue in the first quarter to approximately 6% of our overall revenue in the second quarter.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Skrill Launches Crypto Trade, Luxury Market Reaches $ 100M Transactions appeared first on Bitcoin News.

Bitcoin News

Death toll from Greece wildfires reaches 80, survivors speak of ‘great panic’ during inferno

July 25, 2018 |

The death toll from the firestorm that swept through a seaside resort town near the Greek capital climbed to at least 80 people Wednesday, as harrowing stories of surviving the inferno began to emerge.
FOX News

Disneyland Resort reaches a tentative contract settlement with workers, ending a heated battle that lasted months

July 24, 2018 |

Walt Disney Co. reached a tentative settlement Monday with three unions at the Disneyland Resort, putting an end to a contentious dispute that attracted the attention of Sen. Bernie Sanders and prompted a ballot measure to require the Burbank media giant to pay resort workers a “living wage.”

Although…


L.A. Times – Business

CNN

Death toll in Nicaragua protests reaches 273

July 15, 2018 |

At least 273 people have died and 2,000 have been injured in the unrest that’s rocked Nicaragua since April, according to the human rights arm of the Organization of American States (OAS).
CNN.com – RSS Channel – World

CNN

Death toll in Nicaragua protests reaches 273, human rights group says

July 15, 2018 |

At least 273 people have died and 2,000 have been injured in the unrest that’s rocked Nicaragua since April, according to the human rights arm of the Organization of American States (OAS).
CNN.com – RSS Channel – Regions – Americas