Top five stories from the last week
| Don't Miss The Top Five Stories From The Last Week Facebook Reportedly Acquires Blockchain Startup in First Blockchain-Related Acquisition
What happened?
Social media network Facebook has acquired blockchain startup Chainspace in its first apparent blockchain-related acquisition, according to news outlet Cheddar
What was the reason for this?
Sources purportedly said that Facebook acquired Chainspace, a small blockchain startup, in an "acquihire," or an acquisition of a company made primarily for the skills or expertise of its staff, rather than the service or products the company provides
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Argentina's State Public Transport Card SUBE Accepts Bitcoin
What is this all about?
As a result of the partnership between Bitex, which provides blockchain-driven financial services to businesses and Alto Viaje, a platform for adding money to SUBE cards, the SUBE can now be funded using BTC, via Alto Viaje's website
What is this for?
According to Manuel Beaudroit, CMO at Bitex, SUBE can be used to travel by train, bus, and subway — is used by over seven million people in 37 locations in Argentina. He explained that Alto Viaje has previously worked with PayPal and Rapipago, an Argentinian digital payments system
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BitTorrent Tokens Sold Out in Under 15 Minutes, Netting Over $7 Mln
What is this all about?
The BitTorrent token sale on the Binance Launchpad platform concluded with a net $7.1 million with the sale of 50 billion tokens in under 15 minutes
How would it work?
The BTT is based on a Tron TRC-10 token and will be used in order to transact computing resources between BitTorrent clients and other service users.
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Leaked Mt. Gox Info Purports to Show $318 Million Cryptocurrency Sell-Offs on BitPoint
What happened?
According to leaked documents reportedly showing the rehabilitation proceedings of defunct cryptocurrency exchange Mt. Gox, the trustee for the process has sold around $318 million in Bitcoin and Bitcoin Cash on trading platform BitPoint
Why did this happen?
The information, which purportedly comes from the Tokyo District Court, shows incomplete scans of transaction at BitPoint, reportedly confirming that Mt. Gox trustee Nobuaki Kobayashi sold coins on a major exchange to repay creditors
Details here
Forbes 'Fintech 50' List, Reviewed: New Players, Veterans and Startups Which Didn't Make the Cut
What is this all about?
Recently, Forbes published a fresh edition of its "Fintech 50" list, counting the world's top financial technology firms. Notably, there are just six crypto and blockchain companies featured this year, while the 2018 list contained 11 players from the field
Who is on the list?
Given that the notorious crypto boom of 2017 has been followed by a relentless bear market, it is hardly surprising. Nevertheless, new blood arrived regardless of the market conditions. Let us consider the veterans and newcomers more closely Prefer video instead of text? Check out our latest Hodler's Diges | | | | |
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