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“# Corporate giants may not follow MicroStrategy’s Bitcoin adoption play, Raoul Pal explains ” Earlier this year, business intelligence giant MicroStrategy put $425 million of its treasury funds into Bitcoin (BTC). The move was largely seen as a big step in the right direction for mainstream Bitcoin adoption. MicroStrategy, with its CEO and founder Michael…
“#How the cloud has helped businesses survive COVID-19” In late March 2020, the 2,000 employees of Barnsley Council, a local authority in the Dearne Valley of Yorkshire, England had to switch to home working, virtually overnight. The local authority used the cloud to switch to a paperless and virtual expense management system, streamlining back-office finance…
“# Bitcoin bull Jack Dorsey keeps role as Twitter CEO following board review ” Twitter CEO and major Bitcoin (BTC) bull Jack Dorsey will keep his role at the company, according to a recent decision by a Twitter board committee. As Bloomberg reported on Nov. 2, the committee officially reviewed Twitter’s leadership as part of a March 2020…
“# HSBC Bangladesh uses blockchain to import 20,000 tons of fuel oil from Singapore ” The Bangladesh branch of global banking firm HSBC has conducted the country’s first blockchain-based letter of credit (LC) transaction on the Contour DLT platform. The transaction was used to settle the importation of 20,000 tonnes of fuel oil from United…
“# Zero-sum game: DeFi declines while Bitcoin booms ” The co-founder of crypto data aggregator Markets Science, Twitter-user ‘Bitdealer,’ has shared a chart indicating negative correlations between 11 top DeFi tokens and BTC over the past 45 days to Nov.1, with AAVE showing neutral correlation and UNI showing confluence if less than 0.1. Seven of…
“# PayPal crypto services to go global early 2021, support for CBDCs coming ” Senior executives at global payments giant PayPal have revealed further details about its plans to aggressively push into the crypto sector next year during the firm’s Q3 2020 earnings call, including plans to support central bank digital currencies (CBDCs). “Clearly the…
“# Ripple, PayPal, and Twitter join coalition calling for fair elections ” Blockchain-based payments firm Ripple has joined a non-partisan group of companies working to ensure access to fair voting in the United States. According to a Nov. 2 tweet from Ripple, CEO Brad Garlinghouse has joined Twitter CEO Jack Dorsey and PayPal CEO Dan…
“# Crypto derivatives volume more than triples spot trading ” The digital asset industry as a whole looks significantly different than it did three years ago. A Wild West-esque year, 2017 boasted astronomical asset price increases and booming fundraises amid underdeveloped regulation. Some elements of 2017, such as initial coin offerings, have largely died off….
“# Huobi says all is fine amid massive USDT exchange deposits and BTC withdrawals ” Crypto-Twitter has been abuzz with speculation about a large amount of USDT flowing into the Huobi crypto exchange. Significant amounts of Bitcoin (BTC) also appear to have exited the platform during the same period. The Singapore-based entity recently issued a…
“#Stores across country board up fearing election-related chaos” Businesses nationwide are fortifying themselves for Election Day riots. Shops in San Francisco, Beverly Hills, Washington DC, Atlantic City, Chicago, Boston, Indianapolis and Denver have already boarded up their storefronts ahead of Tuesday’s 2020 US presidential election. In recent days, many businesses in New York City boarded…