IBM Crypto Chief Calls Company the “Leader” in Blockchain Technology

IBM’s Jesse Lund, who heads the blockchain division, claims IBM is the leader in blockchain technology. In a recent interview, Lund stated: What IBM’s been doing as the leader in blockchain technology for the last three years is adding security and confidence to the system. IBM And Stellar Partnership Challenge xRapid Lund talks about IBM’s cross-border payments solution, which in part uses Stellar Lumens for settlement, and how one of the oldest technology companies in the world plans to revolutionize the remittance market. The solutions developed are challenging Ripple’s xRapid product for adoption, but all the products will have to

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The Criminal Past of Quadriga’s Co-Founder Has Been Revealed

The mystery surrounding the disappearance of $ 190 million in crypto from Canadian exchange Quadriga deepened as it was revealed the surviving founder is a reported ex-con who served 18 months in a federal U.S. prison for identity theft, bank fraud and credit card fraud. Michael Patryn, who founded Quadriga with Gerald Cotten, has been revealed as Omar Dhanani. After denying this and disputing reports linking him to his criminal past, records were obtained showing that Patryn legally changed his name twice, six years before he founded Quadriga with Cotten. Here are today's top legal stories ⬇ 1. Omar Dhanani, now

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Visa Is Avidly Fishing For A Crypto Blockchain Dev Hero

Visa Inc. is seeking a full-time technical product manager in Palo Alto, California. In a job posting to SmartRecruiters, the global card giant said it is looking for someone who is “passionate about the intersection of payments and cryptocurrency,” and “deeply familiar with permissionless blockchain technology.” With the additional job requirement of “a close network of experts in the fast moving cryptocurrency and fintech ecosystem,” it looks like the ancient 20th Century fintech company is serious about poaching a top blockchain pro from the crypto industry. Visa Is Getting Into Crypto Many in the crypto atmosphere are hailing the apparent

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Risks Rise for Boeing Stock after Lion Air 737 Max 8 Nosedive Revelations

There is an eerie calm settling over Boeing Company shares (BA). Having been pressured sharply lower after the recent fallout from the second horrific crash of a 737 Max 8 airliner, the price is trading sideways in an incredibly tight range. Now, news about the (Lion Air) Max 8 plane having issues the day before it crashed could disrupt this detente. Max 8 Nearly Crashed the Day Before It Nosedived An off-duty pilot flying on the doomed airliner allegedly managed to save it from nosediving the day before it eventually crashed. This is significant because if true, it would demonstrate

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What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin

SBI Holdings, a major financial and banking giant in Japan, has formally announced the launch of SBI Mining Chip Co., Ltd., officially entering the bitcoin mining industry. In recent months, the most dominant forces in the global bitcoin mining industry in the likes of Bitmain, Cannan, and Japanese internet conglomerate GMO have struggled to adjust to market conditions. As the bitcoin bear market extended to a 15-month correction, despite the gradual increase in hash power, the demand for bitcoin mining due to the general decline in profitability of mining noticeably dropped. The entrance of SBI Holdings into the mining market

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Bitcoin ETF Application Based on 5% of Reported Trading

Bitwise Asset Management, a San Francisco crypto investment firm, has applied to the SEC for a Bitcoin ETF. In preparation for their application, they conducted a study of 80 exchanges, mostly unregulated. Their findings are worse than most: they found that almost 95% of all unregulated exchanges report fake volume. As such, their ETF will be based only on the 5% that is legitimate. Bitwise’s findings are worse than most reports to date. Earlier this week, we reported on findings by the TIE, which found that around 75% of all trading was fraudulent. Prospects for an ETF seem bleak, with

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