Big corporates back crypto 'plumbing' despite currency caution

(April 18th, 2019) - Major finance and tech firms are pouring money into startups building technology to develop the crypto market, even though they’re steering clear of the volatile currencies themselves.

Source: Reuters 

Coinbase brought in revenue of around $520 million in 2018, 60% less than projected

(April 18th, 2019) - Coinbase, the largest cryptocurrency exchange in the U.S., brought in revenue of around $520 million in 2018 according to an estimate from Reuters.

According to a document reviewed by Bloomberg in October, Coinbase had projected $1.3 billion of revenue for 2018, which means they generated 60% less than they originally projected. In 2017, Coinbase generated $923 million in revenue meaning that the revenue in 2018 was down nearly 44% year-over-year.

Source: TheBlockCrypto

Israeli Startup Sirin Labs Lays off 15 Employees Due to Poor Sales

(April 18th, 2019) - Israeli tech startup Sirin Labs, which launched the world’s first blockchain smartphone called Finney last year has laid off 15 of their total 60 employees, as reported by Globes on April 15, 2019.

Source: BTCManager

Judge dismisses Wiklevoss lawsuit against Charlie Shrem

(April 17th, 2019) - Shrem, who escaped from the Winklevoss twins’ multi-million dollar lawsuit over missing bitcoin, says the case was “bogus” from the start.

Source: DecryptMedia

Blockchain voting and West Virginia’s 2020 presidential election plans

(April 17th, 2019) - West Virginia, who made history as the first US state to use mobile blockchain voting in a midterm election, plans on using the same technology for the 2020 presidential elections. While the state’s first trial was only limited to military voters stationed overseas, the 2020 elections could see statewide implementation.

Source: CryptoSlate

3 Countries Tell IMF They Want To Issue Bitcoin Bonds

(April 17th, 2019) - The governments of at least three countries have formally acknowledged their interest in issuing a sovereign Bitcoin bond to raise capital.

Source: Bitcoinist

Japan to require crypto exchanges to bolster internal oversight: source

(April 16th, 2019) - Japan’s financial regulator will require cryptocurrency exchanges to strengthen internal oversight of the so-called “cold wallets” used to store digital money, a source with direct knowledge of the matter told Reuters on Tuesday.

Source: Reuters

Auditor EY Unveils Nightfall, An Ambitious Bid to Bring Business to Ethereum

(April 16th, 2019) - Big Four professional services firm EY is rolling out free software designed to help corporate clients use the ethereum blockchain – and it’s taken an unusual step to encourage adoption.

Source: Coindesk

IMF director: “crypto disruptors are shaking the system,” launches private cryptocurrency “Learning Coin”

(April 16th, 2019) - International Monetary Fund (IMF) chairperson Christine Lagarde stated cryptocurrency and other “disruptors” are “shaking up” the incumbent financial industry, with potentially double-sided effects. Now more than ever, authorities need to keep an eye on these disruptive technologies so stability in the global banking system will not be affected, said Lagarde.

Source: CryptoSlate

Binance brought in $78 million in profits in Q1, up 66% quarter-on-quarter

(April 16th, 2019) - Based on The Block’s calculations, Binance brought in a total of $78 million in profits in Q1 2019. In Q4 2018, Binance generated approximately $47 million in net profit meaning that profit in Q1 is up 66% quarter-on-quarter.

Source: TheBlockCrypto

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