blockchain - Tech News from Simmons Systems (Page 5)

Tech News from Simmons Systems

blockchain

A collection of 92 posts

Beeple's $69 Million NFT Sale Reshapes the Fine Art Market

A digital collage by artist Beeple just sells for over $69 million at Christie's, making him one of the top three most valuable living artists. This historic auction marks a major endorsement of blockchain-minted NFTs by the traditional fine art world.

Global Market Rout Drags Bitcoin Below $8K as Scams Worsen Sell-Off

Bitcoin drops to a one-month low below $8,000 amid a worldwide market crash, with analysts pointing to a massive $100 million scam selloff as a potential catalyst. Meanwhile, Morningstar enters the blockchain security space and Akon launches a mobile airtime dapp on his Akoin platform.

Paystand Secures $20 Million to Overhaul B2B Payments With Blockchain

Paystand raises $20 million in a new funding round to accelerate the expansion of its blockchain-based B2B payment platform. The company aims to make corporate billing as simple as consumer apps while significantly reducing transaction fees.

Cryptocurrency Firm Ripple Reaches $10 Billion Valuation After $200 Million Raise

San Francisco-based Ripple secures a $200 million Series C funding round led by Tetragon, pushing its valuation to $10 billion. The new capital aims to validate XRP as a legitimate bridge currency for global financial institutions.

Ripple Secures $200 Million Series C, Reaches $10 Billion Valuation

Blockchain startup Ripple raises $200 million in a Series C round led by Tetragon to expand its cross-border payment network. The funding brings the company's valuation to $10 billion as it continues to onboard financial institutions to RippleNet.

figure technologies

Figure Technologies Secures $103 Million to Challenge SoFi in Student Loans

Mike Cagney's blockchain-based fintech startup Figure Technologies raises $103 million in a Series C round to expand its lending products. The company looks to directly compete with Cagney's former company, SoFi, by targeting younger borrowers with student debt.

Libra Shows Off Technical Progress While Ignoring Mounting Regulatory Hurdles

The Libra Association highlights growing developer activity and testnet milestones but completely avoids discussing the fierce global regulatory backlash threatening its 2020 launch.

HTC Launches Budget Exodus 1s Phone That Runs a Full Bitcoin Node

HTC introduces the Exodus 1s, an affordable smartphone capable of running a full Bitcoin node to validate transactions independently. The device aims to put a decentralized personal bank directly into users' pockets for under $250.

Major Financial Firms Abandon Facebook's Libra Cryptocurrency Project

Visa, Mastercard, eBay, and Stripe drop out of Facebook's Libra project just days before the consortium plans to sign its official charter. These high-profile departures threaten the cryptocurrency's core identity as an independent, broad-based federation.

Major Payment Firms Abandon Facebook's Libra Cryptocurrency Project

Several high-profile financial companies drop out of Facebook's Libra project amid heavy regulatory scrutiny. The exodus leaves the cryptocurrency coalition significantly weakened ahead of upcoming congressional hearings.

Overstock CEO Patrick Byrne Resigns After Controversial Deep State Claims

Overstock founder Patrick Byrne steps down as CEO and board member, admitting his recent comments about government investigations complicate business relationships. The company's stock surges on the news as Jonathan Johnson takes over as interim CEO.

Intelligence Agencies Shift to Rapid Tech Adoption Amid New Data Threats

Western intelligence communities are moving from traditional structures to agile, tech-driven operations. They increasingly rely on open-source intelligence while grappling with the security risks of emerging technologies.

Facebook Executive Faces Skeptical Senate Panel Over Libra Cryptocurrency Plans

Facebook's David Marcus testifies before the Senate as lawmakers express deep concerns over the social network's proposed Libra digital currency. Regulators warn that the company must address serious financial and privacy risks before moving forward.

Congress Grills Facebook Over Loopholes in Libra Cryptocurrency Plans

Lawmakers question Facebook executive David Marcus about the company's digital currency ambitions, highlighting regulatory gaps between the Libra Association and Facebook's Calibra subsidiary. Critics worry Facebook attempts to avoid strict banking oversight by basing operations in Switzerland.

Facebook Exclusively Integrates Calibra Wallet Into Messenger and WhatsApp

Facebook confirms it will only embed its own Calibra cryptocurrency wallet into its messaging apps, giving it a significant edge over competitors. Calibra's leader assures senators the wallet remains interoperable and compliant with US regulations.