ShapeShift CEO Erik Voorhees announced on Tuesday that his company has laid off 37 of its employees, due to the current downturn in the cryptocurrency market. Voorhees noted in his online post that the layoffs have reduced the size of ShapeShift’s team by one-third.
Estonia-based cryptocurrency exchange DX.Exchange has a plan to offer its customers digital tokens that are tied to Nasdaq-listed companies, according to January 4th Business Insider report. The exchange reportedly bought the rights to Nasdaq’s SMARTS stock market surveillance software system and matching engine and hopes to offer digital shares of ten different companies.
In 2018, the state of Ohio announced a new option to allow the state’s businesses to use Bitcoin to pay certain tax obligations. This week, Overstock announced that it will use that new option to pay the company’s Commercial Activity Tax (CAT).
Circle has claimed that the company’s Over-The-Counter (OTC) trading business, Circle Trade, completed $24 billion dollars in cryptocurrency transactions in 2018, according to an official Medium blog post on Jan. 3.
Cryptocurrency lenders are faring well in an industry shedding its old skin of once overvalued projects with now flailing treasuries thanks to the recent cryptocurrency bear market.
The merchandise store for popular computer game Fortnite, Retail Row, has begun accepting Monero exclusively as a cryptocurrency payment option, according to a twitter post by Monero.
The Litecoin Foundation will officially partner with the UFC to sponsor the UFC 232 main event that will see the second bout held between Jon Jones and Alexander Gustaffson on Saturday, December 29.
Hong Kong-based Madison Holdings has announced its intent to buy a 67.2 percent stake in the BitOcean cryptocurrency trading platform, the South China Morning Post reported on Wednesday. The proposed acquisition is part of Madison’s long-term effort to diversify its business holdings. According to the report:
The U.S. Financial Industry Regulatory Authority (FINRA) announced on Wednesday that Morgan Stanley has been fined $10 million for deficiencies in its anti-money laundering program and its failure to maintain a supervisory system capable of meeting Securities Act compliance obligations.
Two of the cryptocurrency industry’s largest companies have confirmed that they plan to lay off staff after crypto markets endured a disappointing 2018, according to a Dec. 26 report by the South China Morning Post (SCMP).
As 2018 began, a Forbes estimate suggested that Coinbase CEO Brian Armstrong had a net worth of somewhere between $900 million and $1 billion. Last week, Armstrong became the latest billionaire to sign the so-called Giving Pledge, committing to donating the bulk of his wealth to charity, CNBC reports.
Ethereum-based startup incubator and blockchain technology conglomerate ConsenSys is fast spinning off startups, which could lead to the company laying off up to 50-60% of its workforce, according to a Dec. 20 report from The Verge.
The executives of South Korean exchange Upbit have had fraud charges laid against them by the Prosecutors’ Office of the southern district of Seoul, according to a report by Coindesk.
Facebook Inc. plans to develop a stablecoin cryptocurrency to facilitate money transfers via the company’s WhatsApp messaging app, according to a Friday report from Bloomberg that cited people familiar with the matter. Those sources have reportedly said that Facebook intends to first introduce the currency in the Indian remittances market, where the app enjoys tremendous popularity:
Cryptocurrency exchange and online wallet Coinbase have announced what the company claims is the largest cryptocurrency transfer to date in a Dec. 19 blog post.
In a December 19 news story, the Nikkei Asian Review reported that Japan’s Financial Services Agency committed to approving a license of the Coincheck cryptocurrency exchange. However, that report was quickly denied by Monex Group, the company that purchased Coincheck earlier this year. According to a media statement released by Monex:
Bitcoin payment processor, OpenNode announced Dec. 18 that the company has secured seed funding, with participation of Tim Draper.
Cryptocurrency exchange Coinbase has opened direct cryptocurrency-to-cryptocurrency trading markets for its retail customers, according to a Dec. 17 report by Coindesk.
Nomics announced on Tuesday that it has raised $3 Million in its Series A funding round, Twin City Business reports. Investors included Arthur Ventures, Coinbase Ventures, Digital Currency Group, CoVenture Crypto, and BitGo co-founder Ben Davenport. Nomics CEO Clay Collins told TCB that his company plans to use the funds to further expand the crypto data in its index.
Basis has confirmed that its cryptocurrency project is coming to an end. The company, which raised $133 million in investor funding in early 2018, made the announcement in a December 13 message on its website. That post also announced that Basis will be returning its remaining investment funds to investors.