Blockchain Smartphone Startup Sirin Labs Lays Off a Quarter of Its Workforce

Blockchain smartphone startup Sirin Labs laid off a quarter of its workforce, Israeli business media Globes reported on April 15. Per the report, the startup admitted to having laid off 15 of its 60 employees and having overestimated the sales of their Finney blockchain smartphone. A spokesperson for the company reportedly said that it will now focus on software development and distribution. Sirin Labs also purportedly denied previous reports that the company had failed to pay wages to its employees. The report also notes that the founder of the company,…

Binance Births its Own Decentralized Blockchain to Challenge Ethereum

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN.com: Binance, the world’s largest crypto exchange with over 10 million users, has launched its own blockchain – the Binance Chain mainnet today, a highly anticipated blockchain protocol aimed…

US Gov’t Blockchain Spending Expected to Increase 1,000% Between 2017-2022: Study

The United States federal government is expected to raise its blockchain spending to $123.5 million by 2022 — an over 1,000% increase as compared with the $10.7 million it spent in 2017. The forecast was made in a report from IDC Government Insights, published on April 18. IDC states that blockchain spending among state and local governments is also anticipated to grow, from $4.4 million in 2017 to $48.2 million in 2022 — similarly an almost 1,000% rise. Federal civilian agencies — who reportedly spent less than $20 million on…

China to One Day Turn RMB into a Crypto, Claims Blockchain Author

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: Perhaps no country has tried harder to snuff out bitcoin than China. After putting the kibosh on ICOs, the government banned crypto exchanges and now they’re targeting bitcoin…

Demand for Legal Experts With Blockchain Tech Knowledge is High, Report

Demand for legal experts with blockchain technology knowledge is high, according to Major, Lindsey & Africa managing director Brian Burlant, who recruits for law firms and in-house legal departments. The news was published by legal news and information site Law.com on April 17. According to Burlant, law firms are having difficulty keeping up with cryptocurrency and blockchain industry demands for lawyers because of a lack of candidates who really understand the technology. Burlant said that a lot of lawyers enter the space from regulatory practices or government, where they were…

EY Spends Millions Upgrading ‘Blockchain Analyzer’ to File Your Crypto Taxes

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN.com: Big Four accounting firm Ernst & Young (EY) wants to make filing your crypto tax returns easier. To this end, the auditing giant launched the second generation of…

UK Blockchain Startup Raises $3.9M With Equity Tokens Via LSE’s Turquoise Test Platform

This article has been corrected to reflect that the money raised was in collaboration with the Turquoise platform in a test environment, and not on the LSE’s Turquoise platform itself. United Kingdom-based blockchain startup 2030.io has raised $3.9 million in collaboration with a platform owned by the London Stock Exchange (LSE), according to a press release shared with Cointelegraph on April 15. Known as Twenty Thirty or 20|30, the startup has reportedly secured 3 million British pounds (GBP) by selling tokenized shares and settling them in a test environment on…

EToro Blockchain Division Launches Crypto Exchange for Pro Traders, Issues 8 Stablecoins

The blockchain division of global social trading platform eToro has launched a cryptocurrency exchange for pro traders, a press release shared with Cointelegraph on Tuesday, April 16, states. EToroX claims to be a secure a secure and fully regulated trading venue. As for now, the platform offers 37 trading pairs, with the ability to convert six cryptocurrencies to fiat, such as the dollar, euro and Swiss franc. The exchange currently allows users to trade bitcoin (BTC), ethereum (ETH), ripple (XRP), dash (DASH), bitcoin cash (BCH) and litecoin (LTC). According to…

Arca Funds Files With SEC to Issue Stablecoin-Like Digitized Shares on ETH Blockchain

Arca Funds, an American institutional-grade investment manager, is seeking regulatory approval to issue digitized securities on blockchain, according to a filing document released on April 12. The company has filed with the United States Securities and Exchange Commission (SEC) to issue its Arca UST Coins — digitized shares that will be authenticated and then recorded in a form of ERC-20 compatible tokens on ethereum (ETH) blockchain. Arca elaborated that authentication of a transaction before it is recorded will allow the blockchain to store only valid and authorized transactions, and once…

Sirin Labs Lays Off 25% of Staff Amid Poor Blockchain Phone Sales

Israel-based Sirin Labs, maker of the Finney blockchain phone, has laid off a quarter of its workforce. Speaking to local financial news source Globes, the firm said it had let go of 15 of its 60 employees – less than had been speculated in the media. The layoffs come amid a disappointing consumer reaction to the firm’s recently launched blockchain phone.  “Sales are not what we expected,” Sirin told Globes. The device started shipping in November 2018, and notably features a cold (offline) crypto wallet that is effectively a second…