Green Thumb Industries Inc (OTCMKTS:GTBIF)just announced thatit has closed on a transaction to acquire New York-based Fiorello Pharmaceuticals, one of only 10 companies approved to operate a medical marijuana company in the state. Even in light of this news, GTBIF has had a rough past week of trading action, with shares sinking something like -7% […]
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Tesla Inc. (NASDAQ:TSLA) Sued Over Solar Panel Fires In Walmart Inc. (NYSE:WMT) Stores
On Tuesday Walmart Inc. (NYSE:WMT) sued Tesla Inc. (NASDAQ:TSLA) blaming the carmaker of negligence that led to repeated fires across its US stores. Walmart claims that the fires were caused by Tesla’s solar panel systems and requested the court to force the carmaker to remove their systems from its over 240 US stores. Walmart sues […]
Google (NASDAQ:GOOGL) Reaches A $13 Million Settlement On The Street View Program Suit
Google (NASDAQ:GOOGL) has reached a settlement that could see the company pay around 13 million to settle a class-action suit brought against the company regarding its collection of personal data through the Street View project. Google settles suit for violation of wiretapping laws If the settlement gets a judge’s approval it could resolve the class […]
More Pressure On Netflix as AT&T’s (NYSE:T) HBO Max Materializes
AT&T’s (NYSE:T) is now officially coming after Netflix after the unveiling of a new streaming service. Notably, the telecom giant has been looking for ways through which it would have a piece of the burgeoning content streaming after acquiring Time Warner. Dubbed WarnerMedia after the acquisition, the company is preparing to launch HBO Max in […]
Microsoft Set To Diversify Away From Intel Chips
For a long time, Microsoft Corporation (NASDAQ:MSFT) has relied on Intel Corporation (NASDAQ:INTC) to supply CPUs for its products. But if recent media reports is anything to go by, the tech giant could on the way to diversifying away from Intel. Microsoft got burned In the recent past, Intel has had to struggle with bad […]
SBI Remit In Collaboration With BitPesa for Blockchain Payments Between Africa And Japanese
A virtual treasury solution for managing which leverages blockchain settlement to reduce the rates and increase the quickness of payments from and to frontier markets, BitPesa partnering with the biggest remittance service giver in Japan, SBI Remit, to enable easy buying Japanese commodities from Africans. The simplicity of conversion The two companies leveraging blockchain technology […]
Lebanon To Host ConsenSys Blockchain Developer Bootcamp
Lebanon’s pro-entrepreneurial posture will earn a blockchain reward in form of an upcoming event. The country will play host to ConsenSys blockchain developer bootcamp beginning the 17th of October. According to the event’s website, the occasion will involve a coding training program over 3 days. There will be a further 2-day hackathon “where participants will be […]
Philippines Securities And Exchange Commission To Unveil New Rules
The Philippines Securities and Exchange Commission (SEC) is set to unveil new draft rules for cryptocurrency exchanges. Ephyro Luis Amatong who is an SEC Commissioner reported that the draft rules will be released before mid-September. He also said that the agency intends to release the final regulations by the end of 2018. Philippines Securities and […]
Atlas Cloud Enterprises Inc (OTCMKTS:ATLEF) is a Potential Pure Play in the Crypto Mining Boom
Atlas Cloud Enterprises Inc (OTCMKTS:ATLEF) is a new player in the cryptocurrency mining space. Colocation of mining resources is starting to boom as a new growth space. Recent research by Coherent Market Insights suggests that the cryptocurrency mining space has the potential to become a $38B industry by 2025. Hence, Atlas may pick up some […]
Leading Cryptocurency Exchange Coinbase Pays Around $100 Million To Buy Earn.com App
The leading San Francisco-based cryptocurrency exchange Coinbase recently paid around $100 million to acquire an app Earn.com. The app pays its users in cryptocurrency for answering emails, and completing tasks. As a part of the deal, Balaji Srinivasan, the CEO and co-founder of Earn.com will serve as its first chief technology officer. Coinbase is on […]
Tower One Wireless Corp. (OTCMKTS:TOWTF) Pure Play Could Soar in Wireless Tower Boom
Everywhere you go, if you’re in the US, you can pretty much get good cell phone coverage 24/7. However, outside of the United States, this isn’t at all the case. Consider South America. According to recent data, South America is in need of well over 300,000 wireless towers just in the next 18 months. […]
Pakistan’s Central Bank Prohibits Crypto Dealings with a Circular
The State Bank of Pakistan (SBP) has issued a circular prohibiting all dealings in virtual currencies. This move comes just after the central bank of India took a similar move. Payment providers and commercial banks have been told to avoid any dealings in cryptocurrencies. They are not allows to process any transactions of tokens or […]
Russian-Ukrainian Cybercrime Gang Arrested In Spain, Allegedly Used BTC To Launder $1.24 Bln
Police in Spain have said that they have arrested a cybercrime gang which comprises of a Ukrainian and Russian nationals who are said to be connected to the theft of over $1.24 billion from several financial institutions around the world. The gang is said to have converted the money into Bitcoin. In a statement issued […]
trueEX Enters into a Pact with True Digital Holdings and ConsenSys To Develop a Benchmark Rate for Ethereum
trueEX, a fintech company based in New York, has entered into an accord with ConsenSys, a blockchain tech company, and True Digital Holdings to make available the Ethereum to institutional players. The three companies have joined hands to develop a benchmark rate for Ethereum. trueEX will also unveil regulated derivative contracts for the digital assets. […]
Bitcoin Silicon Valley VCs Help Crypto Hedge Fund Reach $250 Million Target
With the bitcoin currently hanging around only $9,000 and the whole of the cryptocurrency space at same low levels, short-term investors are acting like there is an excellent mishap is ahead of us. On the other hand, long-term investors are just coming into the ecosystem now and are creating a portfolio of assets offering growth […]
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