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Crypto News & Analysis Bitmain's co-founder Jihan Wu has been removed from the director's chair at Bitmain. It has been reported that Mr. Wu has been demoted to the position of supervisor and no longer has the authority to manage the day to day affairs of Bitmain. An unnamed source from Bitmain disclosed the functions and details of Mr Wu's new role within the company. The source describes Mr. Wu's demotion as follows, “After changing to a supervisor, […]
Small businesses in Illinois and across the country can't find enough workers to fill open positions. That’s the word from a recent national survey from the National Federation of Independent Business in which nearly 90-percent of respondents reported few or no qualified applicants for job openings. The problem is worse in certain sectors, said Mark Grant, Illinois director for the NFIB. “When you get some of our business owners who need tradespeople, jobs that are more intensive, labor-type things, those […]
Crypto News, Analysis, Forecasts, ICOs, and Events for the week ending 11/9 Crypto News & Analysis November is here and many are asking when will federally regulated cryptocurrency exchanges appear within the US. One of the key reasons the Securities and Exchange Commission gave for their denial of Bitcoin based Electronically Traded Funds (ETFs) was the fact that the underlying security or asset was not listed on a federally regulated exchange. ICE, The Intercontinental Exchange that owns […]
DALLAS (UPI) -- MoneyGram International agreed Thursday to pay $125 million to settle claims it failed to prevent fraudulent money transfers. That settlement amount is part of the company's 2012 deferred prosecution agreement with the Department of Justice and an order from the Federal Trade Commission. In 2012, MoneyGram, the Justice Department said, failed to live up to a deferred prosecution agreement requiring the Dallas-based global money services business to to provide adequate anti-fraud and anti-money laundering programs. The 2012 […]
DETROIT (UPI) -- Ford Motor Company announced Thursday it will buy scooter ride-share startup Spin, in an effort to build its mobility business beyond full-size vehicles. Ford said Spin will become part of its Smart Mobility division, the automaker's division that explores future transportation ventures. Financial terms of the deal were not specified. California-based Spin operates in 13 cities and college campuses and plans to expand to several new markets in the coming months. Ford said it wants to grow […]
THE GULF OF MEXICO (UPI) -- The chemical dispersants used to clean up oil after the Deepwater Horizon spill in the Gulf of Mexico in 2010 were ineffective and unneeded, a new study says. Researchers report in a study published this week that dispersants used in the largest oil spill in U.S. history -- 210 million gallons of oil poured into the Gulf over 87 days after a BP oil rig exploded -- played no role in its clean up. […]
NEW YORK (UPI) -- The NFL will feature four regular-season games in London next season, with two at Wembley Stadium and two at the new stadium being built for Premier League team Tottenham. The league did not announce which teams would travel across the Atlantic Ocean or when the games will be played. "The NFL in London is going from strength to strength and I am delighted that we will have four games in the capital next year, with Tottenham Hotspur's […]
Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 11/2/2018 Crypto News & Analysis Coinbase raises US $300 million but will remain a private company. Coinbase is the most popular cryptocurrency exchange in the USA. It may also be one of the top 3 cryptocurrency exchanges in the world. There were reports and rumors that this crypto exchange would become a public entity in the next few weeks. But the President of Coinbase, Asiff Hirji says no, "There’s […]
Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 10/19/2018 Crypto News & Analysis International Business Machines (IBM) has scheduled a demonstration of their own version of a blockchain based, global transfer, rapid payment platform. They have named it 'The Blockchain World Wire'(BWW). Unlike Ripple's xRapid platform, IBM's system can handle cross border transactions with any cryptocurrency as a medium of exchange. Whereas it has been reported that the xRapid system is only able to handle […]
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