QuadrigaCX Owes Customers $190 Million, Court Filing Shows

QuadrigaCX Owes Customers $190 Million, Court Filing Shows 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

QuadrigaCX Owes Customers $190 Million, Court Filing Shows Troubled Canadian crypto exchange QuadrigaCX owes its customers $190 million and cannot access most of the funds, according to a court filing obtained by CoinDesk. In a sworn affidavit filed Jan. 31 with the Nova Scotia Supreme Court, Jennifer Robertson, identified as the widow of QuadrigaCX founder Gerald Cotten, said the exchange owes its customers roughly $250 million CAD ($190 million) in both cryptocurrency and fiat. The company previously announced it had filed for creditor protection on its website, but the filing itself provides greater…

Mobile Bitcoin Wallet BRD Raises $15 Million, Plans for Expansion in Asia

Mobile Bitcoin Wallet BRD Raises $15 Million, Plans for Expansion in Asia 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Mobile Bitcoin Wallet BRD Raises $15 Million, Plans for Expansion in Asia Cryptocurrency mobile wallet provider BRD wants to accelerate its international expansion, and it has secured $15 million to do it. The Series B funding round was raised from SBI Crypto Investment, a subsidiary of Japanese financial giant SBI Holdings. BRD will use the funds to scale its operations into the Asian market. “It’s very gratifying to see such a significant financial institution as SBI validating BRD’s technology and business model through a strategic investment during an otherwise difficult…

Blockchain Predictions Market Stox and Founder Sued for $4.6 Million

Blockchain Predictions Market Stox and Founder Sued for $4.6 Million 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Blockchain Predictions Market Stox and Founder Sued for $4.6 Million Israel-based blockchain prediction market platform Stox and its founder Moshe Hogeg are reportedly being sued by a Chinese investor for over $4.6 million over alleged fraud. As reported in The Times of Israel on Friday, investor Zhewen Hu claims in a lawsuit, filed in the Tel Aviv District Court on Jan. 24, that Hogeg had misappropriated some of the crypto millions invested in the firm. The filing also names Yaron Shalem, former CFO at Hogeg’s venture capital firm Singulariteam Ltd. as a defendant, says CTech.…

Blockchain Project Polkadot Plans Second Token Sale to Raise $60 Million

Blockchain Project Polkadot Plans Second Token Sale to Raise $60 Million 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Blockchain Project Polkadot Plans Second Token Sale to Raise $60 Million Update (12:10 UTC, Jan. 27 2019): Polkadot has confirmed the planned fundraising in an email to CoinDesk, saying no new tokens will be issued for the sale. — Blockchain project Polkadot is reportedly seeking to raise up to $60 million through a second token sale. According to a report from The Wall Street Journal on Thursday citing “people familiar with the matter,” the startup’s latest token fundraising effort would bring the value of all its tokens to $1.2 billion, when those…

IBM, Aetna, PNC Explore Medical Data Blockchain for 100 Million Health Plans

IBM, Aetna, PNC Explore Medical Data Blockchain for 100 Million Health Plans 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

IBM, Aetna, PNC Explore Medical Data Blockchain for 100 Million Health Plans IBM is collaborating with a group of major players in the healthcare space to improve the way sensitive data is shared and make health claims and transactions more efficient – all in the form of a “blockchain-based ecosystem.” Announced today, Big Blue is joined in this effort by Aetna (acquired last November by pharmacy and health plan provider CVS Health), health plan provider Anthem, Health Care Service Corporation (the largest customer-owned health insurance provider in the U.S.) and…

OKCoin Founder Buys Hong Kong-Listed Firm in $60 Million Deal

OKCoin Founder Buys Hong Kong-Listed Firm in $60 Million Deal 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

OKCoin Founder Buys Hong Kong-Listed Firm in $60 Million Deal Mingxing “Star” Xu, the founder of cryptocurrency exchange OKCoin, has become the largest individual shareholder of a public company listed in Hong Kong via a $60 million acquisition. LEAP Holdings Group, the construction engineering firm acquired, announced the competed deal on Wednesday. OKC Holdings Corp, the parent company of OKCoin, purchased about 3.2 billion shares of the company for HK$0.15 (around $0.02) per share to achieve the takeover, it said. OKC Holdings is now the largest shareholder of LEAP Holdings, owning 60.49…

Nasdaq Leads $20 Million Funding Round for Blockchain Startup Symbiont

Nasdaq Leads $20 Million Funding Round for Blockchain Startup Symbiont 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Nasdaq Leads $20 Million Funding Round for Blockchain Startup Symbiont Enterprise blockchain startup Symbiont has closed a $20 million Series-B funding round led by Nasdaq Ventures with participation from Galaxy Digital, Citi, Raptor Group and others. The firm, which has kept a fairly low profile the last two years as the cryptocurrency market’s gyrations overshadowed the enterprise sector, previously raised a combined $15.4 million from a seed round in 2014 and Series A in 2017. Symbiont CEO Mark Smith told CoinDesk that the firm doubled its staff last year, and…

50 Cut as $60 Million Blockchain Project Nebulas Lays Off 60% of Staff

50 Cut as $60 Million Blockchain Project Nebulas Lays Off 60% of Staff 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

50 Cut as $60 Million Blockchain Project Nebulas Lays Off 60% of Staff The company behind the Nebulas blockchain project has gone from a team of 80 people to just 30, CoinDesk has learned. After gaining attention in August for its decision to delay its token distribution, including holding onto founder tokens for a period of 10 years, the company has undergone a series of layoffs that have seen peripheral elements of its roadmap shelved, at least pending a recovery in the market for Nebulas’ NAS token. “One of the…

Tangem Crypto Wallet | Japan’s SBI Group Invests $15 Million

Tangem Crypto Wallet | Japan's SBI Group Invests $15 Million 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Tangem Crypto Wallet | Japan’s SBI Group Invests $15 Million Announced today, Japanese banking giant SBI Group has invested in Swiss crypto startup Tangem. The company is the creator of a slimline hardware cryptocurrency wallet. SBI Group Invests in Tangem SBI is offering its support to Tangem with a $15 million USD investment. It will use the capital to expand into areas such as stablecoins, ICOs, tokenized asset offerings, and digital identity. Tangem Crypto Wallet Described by the company as a “smart banknote for digital assets,” Tangem’s cryptocurrency wallet mimics a bank card in…

Who’s Left, Joined and Almost Joined Coinbase Since Its $300 Million Raise

Who's Left, Joined and Almost Joined Coinbase Since Its $300 Million Raise 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Who’s Left, Joined and Almost Joined Coinbase Since Its $300 Million Raise Crypto exchange startup Coinbase is a hot place to work – and undoubtedly a coveted resume destination for technologists looking to advance their careers in Silicon Valley. One of the cryptocurrency industry’s few unicorns – or companies with a valuation over $1 billion (Coinbase was valued at $8 billion in its last $300 million funding round in October 2018) – the San Francisco-based exchange has nearly 800 staff members and is adding “dozens of employees each week,” spokesperson Rachael…