On Friday, it was reported that leading U.S. cryptocurrency exchange Coinbase had laid off at least 15 members of its staff, though the company would not confirm this number. The cuts were made in the Customer Support, Compliance and Fraud departments, and they come after the exchange hired around…
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The VeChain Foundation To Boost Cyprus Economy With Blockchain Technology
The VeChain Foundation, which is a Singapore entity that operates a blockchain platform, has signed a memorandum of understanding with the government of Cyprus related to the use of blockchain technologies in the country. Signing the agreement on behalf of Cyrus was Invest Cyrpus, and also participating in the agreement…
Ripple Revenue Is On The Rise
The profitability of Ripple is going up this year, especially since they had released their token platform. In just the third fiscal quarter of 2018, they had doubled their revenue in token sales. This may likely be due to the recent implementation to on-chain tokens, which is competitive with the…
Air Canada And Winding Tree Join Blockchain-Based Travel
Air Canada has just announced their involvement in a blockchain-based travel delivery platform. This platform was developed by a Swiss startup group, Winding Tree. Established in 1937, Air Canada continues to provide charter and scheduled flights for passengers and cargo. According to the company’s annual report from 2017, the…
New Technologies In Education Group Seeks To Teach Students The Fundamentals Of Blockchain Applications
The Gibraltar government, in collaboration with the University of Gibraltar, has created an advisory group to study and develop blockchain-related educational classes. In a press release on October 19, 2018, the government announced this joint initiative, which will be called the New Technologies in Education Group. Leading technology firms in…
New York Grants Coinbase Authority to Conduct Financial Custodial Services
The state of New York has announced that they have given Coinbase Custody Trust Company LLC, which is a wholly owned subsidiary of the leading North American cryptocurrency exchange, approval to offer some custodial services in the state relating to the holding of digital currencies. The authorization by the New…