Overstock’s Blockchain Subsidiary Misses Target for $100 Million Capital Injection

TZERO, the blockchain subsidiary of retail giant Overstock, has missed its mid-April goal for a $100 million fund raise from Chinese investment firm GSR Capital and Singaporean private equity firm Makara Capital. The firm announced the development in a shareholder letter on April 18. In the letter, Overstock CEO Patrick Byrne noted that while the…

Platform Launches Leveraged Bitcoin CFDs for Speculation on Movements Against JPY and USD

A platform has launched a leveraged bitcoin contract-for-difference (CFD) product, enabling traders to speculate on the cryptocurrency’s price movements against the Japanese yen and United States dollar. Liquid says demand for crypto derivatives is rising and believes these financial products have the potential to enhance awareness about the many hundreds of coins and tokens in…

Stablecoin USDT Launched on Tron Blockchain

Tether has started issuing its stablecoin USDT on the Tron (TRX) blockchain. The development was announced in a blog post published on April 17. The development is an upgrade from the OMNI protocol-based USDT —  which is pegged to the United States dollar on a 1:1 basis — that now enables users to hold and…

National University of Columbia Joins Blockchain Global Consortium for Science

The National University of Columbia is joining the global  blockchain consortium for science dubbed Bloxberg, Mauricio Tovar Gutiérrez, co-director of the research group at inTIColombia told Cointelegraph en Español on April 15. Bloxberg is a blockchain initiative formed by 12 research organizations from 10 countries and led by the Max Planck Society, with the National…

US Presidential Candidate Andrew Yang Calls for Clear Crypto Regulations

Andrew Yang, a United States Democratic presidential candidate for the 2020 elections, is advocating for clear regulations on digital assets. Yang put the key operative points in a policy published on his campaign website. Yang — an entrepreneur who contributed $120,000 to establish Venture For America (VFA), an accelerator aimed at building new startups in…

Fintech Firm Hopes to Overhaul Microwork Industry With Platform Built on Blockchain

An established mobile fintech platform with more than 5 million users across 200 countries is launching a decentralized ecommerce ecosystem designed to help anyone with a smartphone make a living, thereby democratizing wealth distribution. Vodi X is the partner company of Vodi, a company that offers its customers the ability to instantly top up prepaid…

Volkswagen Joins IBM-Backed Blockchain Platform for Cobalt Supply Chains

Volkswagen is joining a blockchain-powered scheme to ensure the cobalt used in lithium-ion batteries for its electric vehicles is responsibly sourced. The carmaker announced its involvement in a news release on April 18. The German-headquartered company hopes the technology, built on the IBM Blockchain Platform, will “increase efficiency, sustainability and transparency in global mineral supply…

Bloomberg: Institutional Crypto Trading Platform Bakkt May Seek New York BitLicense

Intercontinental Exchange (ICE)-lead institutional cryptocurrency trading platform Bakkt is considering acquiring a New York BitLicense to launch its bitcoin futures, Bloomberg reports on April 18. Bakkt has seen resistance from the United States Commodity Futures Trading Commission (CFTC) to approve its bitcoin futures because of its intentions to custody user’s assets. Bloomberg quotes anonymous sources…

Speak Out: Unmasking the True Creator of Bitcoin

Within the past week, a few crypto exchanges — including Kraken and Binance — have delisted bitcoin SV. The following decisions were mostly made based on Craig Wright’s repeated public statements that he is Satoshi Nakamoto. Since bitcoin first emerged, there have been numerous theories and controversy about who the true, original creator of the…