PR management firm Cision is acquiring Falconio to expand into social media marketing

PR management firm Cision is acquiring Falcon.io to expand into social media marketing

  

Social media has become a primary conduit for getting the word out,

in some cases proving to be an even stronger force for publicity than more traditional media outlets and paid advertising, and so today, a company that has grown its business around public relations services has acquired a social media management company to make sure it has a foothold in the medium. Cision, which provides press release distribution, media monitoring and other PR services to businesses and the media industry, has acquired Falcon.io, a startup founded in Denmark that lets companies post, manage and analyse their presence on social media platforms.

Terms of the deal are not being disclosed, the companies tell me, but the whole of the Falcon team, including CEO/founder Ulrik Bo Larsen, are joining the company, where they will continue to operate its existing product set as well as integrate it into Cision’s wider business. The last valuation noted in April 2017 at the Danish Companies House was about $52 million (€45 million), but they have been growing very rapidly, and one source tells us that the price paid was around $200-$225 million, while Danish publication Borsen says it’s 800 million Danish kroner, or around $122 million. I’m still trying to get more detail.

Falcon had raised around $25 million according to PitchBook, and it has never disclosed its valuation. Cision — well-known to many journalists — is publicly traded and currently has a market cap of just under $1.6 billion. For some context, two other prominent social media management firms that compete with Falcon, Sprout Social and Hootsuite, are respectively valued at $800 million and anywhere between $750 million and $1 billion (depending on who you ask).

The latter two are bigger firms — Falcon has around 1,500 businesses as customers that use it to manage their social profiles and read social sentiment across platforms like Facebook, Twitter and LinkedIn, while Sprout says it has around 25,000 and Hootsuite counts millions of individual users — and both have raised significantly more capital, but their valuations underscore the demand that we’re seeing for platforms and user-friendly tools to target the world’s social media users — estimated to number at upwards of 2.5 billion people globally.

Kevin Akeroyd, who came on as Cision’s CEO after long stints at both Oracle and Salesforce, among other places, describes Falcon as a “top five” social media marketing and analytics firm, and in an interview he said that the new acquisition will form a key part of the “communications cloud” that Cision has been building. As with Salesforce, Oracle and Adobe (which also use similar cloud-themed terminology to describe their product suites), Cision’s strategy is to build a one-stop shop for customers to manage all their communications needs from one platform. Falcon itself may be smaller than its competitors, but the idea is that it will be cross-sold to Cision’s customers, which currently number 75,000 businesses.

“We’re seeing too many of our customers using one application for content, another for something else, and so on. There are too many apps,” Akeroyd said. “We have always believed in earned media” — that is, media mentions that are not in the form of paid advertising — “and the role of influencers alongside paid and owned marketing. We believe we could provide the first solution for businesses across earned, communications services and public relations, helping to build a better data stack to measure and attribute what you are doing in comms.”

As social networking companies like Facebook and Twitter build more of their own tools in-house to serve the social media needs of organizations that want to better manage their profiles and interactions on these platforms, this has led to some consolidation and shifts among social media management companies. Some are merging or getting acquired, and some are shopping themselves around.

And in that wider trend, it’s not too surprising to see public relations firms get in on the action. Social media has completely changed the landscape for how information is disseminated today, sometimes complementing what traditional media organizations do — there are many examples of how newspapers and other news outlets leverage, for example, Facebook to grow and communicate with their audiences — and often replacing traditional media altogether. (Pew last month said that social media outpaced newspapers for the first time as a news source in the U.S., although TV and radio are still bigger than social… for now.)

Given that public relations management has long been the connecting link between organisations and media outlets, they have had to take a bigger step into social media in order to provide to their clients a more complete picture of the media landscape. Cision is not the first to have done this: Last year, Meltwater, another media monitoring firm, acquired DataSift to add social signals and traffic to its platform mix. “This consolidation has to come because there is just too much value for the user,” Akeroyd said. “CMOs and CCOs do not want their own islands, they want something bigger.”

Article Produced By
Ingrid Lunden

Writer

Ingrid is a writer and editor for TechCrunch, joining February 2012, based out of London. Before TechCrunch, Ingrid worked at paidContent.org, where she was a staff writer, and has in the past also written freelance regularly for other publications such as the Financial Times. Ingrid covers mobile, digital media, advertising and the spaces where these intersect. When it comes to work, she feels most comfortable speaking in English but can also speak Russian, Spanish and French (in descending order of competence).

https://techcrunch.com/2019/01/03/pr-management-firm-cision-is-acquiring-falcon-io-to-expand-into-social-media-marketing/

 

Startup Nation’s SEC Turns To DLT To Battle Cyberterrorism

Startup Nation’s SEC Turns To DLT To Battle Cyberterrorism
 

The Israeli Securities Authority, 

the equivalent of the American SEC, is incorporating blockchain technology into its information systems, in an effort to improve the cybersecurity of its nation-level critical systems against cyberterrorism attacks.

Why It Matters

A public embrace of blockchain technology from any government agency signals a very positive move towards wide adoption, especially when coming from the innovative startup nation’s cybersecurity specialists. The ISA has already embedded the technology into their existing communication system used to deliver messages to entities supervised by the government regulator. It is also planning to use blockchain technology to develop two additional systems: one is an online voting system for investors to cast their vote on decisions taken in ISA assemblies and the other will be a system for tracking financial reports submitted by supervised entities.

BLOCKTV spoke to Eran Ovadia, the project lead from Taldor, who implemented the infrastructure for the ISA, in order to understand why they chose blockchain, and what blockchain technology does for the project that other technologies do not.

Cyberterrorists Never Sleep

The ISA’s systems are constantly being targeted by cyberterrorism attacks and hacking attempts originating from hackers backed by foreign governments and hostile actors around the globe. Specialized teams monitor incidents 24/7. But the availability of the ISA's systems is highly critical, since if any hacker could manage to take it down, it would practically paralyze the stock exchange and the entire nation's economy. That is simply something the ISA cannot afford to let happen. 

Enter Blockchain

The innate decentralized nature of blockchains make them resilient to hacker’s attempts to take them down, compared to taking down one central server. Another critical factor of the ISA’s systems is the integrity of financial reports submitted. The ISA cannot allow hackers to tamper with reports' data stored on central databases. Distributed Ledger Technology (DLT) helps make its systems more resilient to attempts of fraud or tampering with messages. It validates the immutability of the entire data within their system, similar to the way the Bitcoin consensus would not allow tampering with currency transactions. A hacker could not manipulate any part of the system without it being immediately detected. They even implemented smart contracts to automatically revert to the system's last valid state in any case of inconsistency.

In the vote casting system, Taldor said it’s using multi-factor authentication to verify voters’ identities, and is performing consensus validation by using a hybrid public and private ledger. They initially based their system on the Ethereum platform, but eventually chose to use a lighter validation method, since the algorithms used to validate cryptocurrency transactions were too heavy to process. The ISA’s new blockchain-based system is an attempt to keep up with the fintech industry’s global trend to apply innovative technologies, and according to Natan Hershkovitz, director of ISA’s Information Systems department, puts it ahead of the race as one of the leading government authorities in the world in implementing information

cybersecurity and authenticity.

"We are witnessing a growing trend toward incorporating of innovative and pathbreaking technologies in the financial industry. The implementation of blockchain technology in the ISA's information systems positions it as one of the leading government authorities worldwide in the security and reliability of information."

With the current step, the ISA is joining the growing trend of governments and official establishments adopting blockchain technology as a viable and useful technology. As the Israeli entity in charge of regulating the financial investment market, the equivalent of the American SEC, the ISA members are much quicker in expressing a more accepting approach towards blockchain technology, compared to their American colleagues, who are known for taking their time with the infamous Bitcoin ETFs submissions. 

Article Produced By
Ofer Sharon

Reporter

Currently, I am researching, dissecting and creating high-caliber content for BLOCKTV. I focus mainly on the new Financial Technology, Blockchain, Cybersecurity, AI and ML developments, as well as IoT. With the media and technology fields both competing for my attention, I was a software developer for the larger portion of my career, and recently decided to start investing myself full-time in a field I always kept close to my heart. I am now a researcher, tech journalist and content writer for BLOCKTV.
 

 

Crypto Startups Forked Out 878000 To White Hats In 2018

Crypto Startups Forked Out $878,000 To White Hats In 2018

  
Bitcoin may have been dubbed the
“world’s most secure transaction settlement layer”

by Anthony Pompliano, but the industry surrounding the protocol may not be all too secure. Case in point, crypto startups have forked out over $878,000 in bounty to white hat hackers in 2018, specifically for solving bugs that slipped under the radar.

Crypto Startups Awarded $878,000 To “Goody Two Shoes” Hackers

The Next Web’s Hard Fork column recently reported that over the course of 2018, blockchain firms awarded $878,504 to goody too shoes hackers for rectifying bugs. Block.one, the company behind the crypto juggernaut in EOS, forked out upwards of 60% of the aforementioned sum. Considering that the startup raked in an approximated $4 billion for its EOS token offering, one of the most hyped cryptocurrencies of all-time, it makes sense why Block.one awarded $534,500 to white hats.

Interestingly Coinbase, the seemingly unhackable $8 billion upstart, comes in behind Block.one with $290,381 in paid bounties. But, HackerOne, the cybersecurity platform that compiled the data, didn’t divulge how much of that sum was a result of 2018 bugs, as Coinbase purportedly began its disclosure program in 2014. Justin Sun-headed Tron, which recently surpassed a number of pertinent milestones, has found itself behind Coinbase, allowing white hats to score $76,200. Yet these quintuple and sextuple figures are edge cases, as a HackerOne spokesperson told Hard Fork that “the average bounty [paid] for blockchain companies in 2018 was $1,490, that is higher than the Q4 platform average of around $900.”

Still Vulnerable 

While many crypto projects talk a big game, the bottom line is that many blockchains and cryptocurrency-friendly startups remain vulnerable. As reported by NewsBTC in early-August, Altex, a lesser-known crypto asset exchange, saw its ARQ stash get looted. The platform claimed that it “lost a big amount,” specifically due to a bug that hails from the Monero codebase.

Just two months later, Pigeoncoin (PGN) fell victim to an odd inflation bug, CVE-2018-17144, that allowed a bad actor to whip up 235 million PGN within a day’s time. Interestingly, the bugged line of code comes from the Bitcoin protocol. The issue has since been patched by Bitcoin Core (the software) developers, but this event still shocked consumers en-masse.

Ground-breaking bugs aren’t limited to the small-cap cryptocurrencies. In July, SlowMist, a Chinese cybersecurity firm, claimed that an anonymous user managed to double spend 694 Tether (USDT). According to SlowMist, a transactor was able to gain credit for 694 USDT on an exchange without sending the funds. Upon digging, it was discovered that the issue was the fault of the victimized exchange. Dacoinminister, a founder of the Omni Protocol, which Tether is based on,

wrote:

“It appears that what happened here is that an exchange wasn’t checking the valid flag on transactions. They accepted a transaction with valid=false (which they should not have), and then the second “double spend” transaction had valid=true, which they also accepted.”

Regardless of where this problem originated from, the three aforementioned cases only accentuate the fact that this industry remains nascent. So, this industry’s developers still have a ways to go until crypto is spick and span, and ready for worldwide consumption.

Article Produced By
Nick Chong

https://www.newsbtc.com/2018/12/30/crypto-startups-white-hats-2018/

Nearly 1000 Cryptocurrency Projects ‘Died’ During This Year’s Bear Market

Nearly 1,000 Cryptocurrency Projects 'Died' During This Year's Bear Market

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  • Coinopsy and DeadCoins have identified nearly 1,000 crypto projects which have "died."
  • Dead projects are those that were scams, never delivered a product, or have very low trading volumes and adoption rates.

  

Approximately 1,000 different cryptocurrency-related projects failed in 2018,

according to data from DeadCoins and Coinopsy. Some of them were relatively well-known bear market victims. Many of the dead crypto projects were outright scams which were orchestrated under the guise of initial coin offerings (ICOs). Included in DeadCoins and Coinpsy’s long list of abandoned and/or fraudulent digital currency schemes is BitConnect, which is considered one of the largest crypto-related Ponzi scheme scams in history.

Coinopsy: 483 Inactive Digital Currency Projects

Deadcoins, which has compiled one of the most comprehensive information sources on inactive cryptos, revealed there are at least 934 digital currencies that are now dead. In July 2018, DeadCoins reported about 800 abandoned crypto tokens. Meanwhile, Coinopsy has found 483 digital currency projects that are no longer active.

According to Coinopsy, a crypto may be considered dead if its token or coin has been abandoned by its founders, was a scam, and/or its website is dead. A crypto project may also be considered dead if its coin has no trading volume or transaction validating nodes to support it, Coinopsy noted. If there are unresolved technical issues with software supporting the cryptocurrency such as problems with wallets used to store it, then the crypto may be considered inactive.

Notably, Coinopsy has categorized dead coins as: ICO Dead Coins, Joke Dead Coins, Abandoned Dead Coins, and Scam Dead Coins. There are currently 113 ICO Dead Coins identified by Coinopsy, meaning these projects launched an ICO but never seemed to have delivered a product or updates regarding their platform’s ongoing development. Crypto tokens may also be classified as dead ICO coins (by Coinopsy) if they were used to carry out pump-and-dump schemes or other types of market manipulation, while not seeing any real adoption.

Wall Street Journal Finds Plagiarized Whitepapers

A Joke dead coin, according to Coinopsy, is any crypto launched with the intention of just being a joke and no serious plans of becoming a useful digital asset. There are presently 17 coins listed as joke cryptos on Coinopsy. Additionally, Coinopsy found at least 40 cryptocurrency projects that were scams and 313 abandoned coins. Coinopsy explains that a token may be considered dead if it ranks below 1000 in terms of market capitalization for 3 consecutive months. A token whose trading volume is below $1,000 for 3 months is also dead, Coinopsy noted.

Recently, the Wall Street Journal (WSJ) looked into inactive crypto projects as well. WSJ’s latest research findings showed that more than 15% of crypto projects that raised funds via ICOs during 2017 and 2018 had plagiarized whitepapers or just copied ideas from other cryptos. There were also a fairly large number of ICO projects that had promised “improbable returns” and then failed to deliver, the WSJ revealed.

Article Produced By
Omar Faridi

I enjoy writing about all topics related to Bitcoin, Blockchain, and other cryptocurrencies. The topics that interest me most are crypto regulations, quantum resistant blockchains, Ethereum and Bitcoin Core development, and scams orchestrated under the guise of ICOs. My academic background includes an undergraduate degree in Computer Science, with a minor in Mathematics from the University of Nevada, Las Vegas. I also possess a Master of Science degree in Psychology from the University of Phoenix.

While completing my coursework, I engaged in independent study programs focused on public-key cryptography and quantum computing. My professional work experience includes working as an application developer for the University of Houston, data storage specialist at Dell EMC, and as Teacher of Mathematics in the United States, China, Kuwait, and Pakistan.

https://www.cryptoglobe.com/latest/2018/12/nearly-1000-dead-cryptocurrency-projects-identified-by-coinopsy-deadcoins/

 

Markethive makes bold move to acquire Bitcoins

Markethive makes bold move to acquire Bitcoins

Markethive CEO makes a bold move to accept Bitcoin based on current projections as valued at $15,000 in his end of year prelaunch crowdfunding for limited ILP shares.

 

   

 

"We are offering you a value for your Bitcoin

of $15000 in regards to acquiring our ILPs. Regardless what the market value of Bitcoin and there are many experts predicting Bitcoin will bottom out at $2500 and even a few antagonists claiming Bitcoin is going to hit zero and disappear. We are ready to take that risk. Primarily because we have high confidence in both Bitcoin and Markethive.

This offer is by way of Bitcoin. To take us up on this offer you must send us Bitcoin. Yes, this is a limited offer, so you know what to do. In other words, beginning now in the last of 2018 and into 2019 until we have traded 100 ILPs the offer for 1 Bitcoin as payment in full for 1 ILP valued at $15,000 stands."

Not sure what an ILP is? It has been illustrated in great detail here

BITCOIN: STOP Focusing Only On Price. What is Fair Value?

Thomas Lee, head of research at Fundstrat Global Advisors, "User adoption and Bitcoin's acceptance as an asset class are key factors that will push it higher in the future." Lee's explanation for the digression is due to last year's meteoric rally, a meltdown in the macroeconomic climate and treasury sales during initial coin offerings.

Thomas Prendergast, CEO, of the world's first Market Network on Blockchain, Markethive, adopts the same sentiments as he has noted. "Interesting parallel with Tom Lee Fundstrat co-founder and myself, we are two men with vastly different backgrounds, but both strong advocates of crypto both recognizing the damages caused by the huge expansions of the ICO crowdfunding campaigns of 2017 and particularly 2018 by people of questionable character." Thomas Prendergast and Douglas Yates, CTO, and Co-founder agree with Tom Lee's assessment regarding the actual fair value price of Bitcoin is around $14,000, hence the announcement stated above.

Thomas Prendergast Markethive CEO is often quoted saying,

"Market networks have been defined as the logical evolution of aging social networks. The SaaS and commerce platforms are integrated with the social network in Market Networks such as Markethive. Techcrunch is quoted in an article, 'Market networks will produce a new class of unicorn companies and impact how millions of service professionals will work and earn their living."

CTO and Co-founder of Markethive Douglas Yates quoted:

"In order to fund the Universal Income for entrepreneur's aspects within the realm, Markethive also adds additional revenue-producing systems. Markethive is now in its final stages of implementing the blockchain and about to deliver the first of many Infinity Airdrops of the consumer coin, to the associates of this ingenious platform. There is also the strategic partnership with the GreenHouseHives which are self-generating powerhouses, These facilities also become a decentralized data storage system for various hybrid advanced blockchains, forked from Markethive's blockchain system.Markethive is fully operational as a beta platform, the coins have been created, the blockchain is in place, and every milestone in the white paper to date has been met on time."

To learn more about Markethive, please visit our blog.

Photos: 
https://www.prlog.org/12746145 

Press release distributed by PRLog

SOURCE Markethive Inc.

Related Links

http://www.markethive.com

Article Produced By
Thomas Prendergast (CEO)

https://www.prnewswire.com/news-releases/markethive-makes-bold-move-to-acquire-bitcoins-300771576.html

Bank of America Files for Blockchain ATM as a Service’ Patent

Bank of America Files for Blockchain ‘ATM as a Service’ Patent

Bank of America may be eyeing shared networks of ATMs

powered by blockchain tech, according to a newly revealed patent application. The filing, published by the U.S. Patent and Trademark Office (USPTO) on Tuesday, outlines a system via which a cash-handling devices could utilize blockchain technology to “accelerate transaction speed and/or facilitate other types of transactions in addition to ATM transactions like cash withdrawals and deposits, such as gift registry transactions.”

Blockchain could also help such devices “handle a relatively larger amount of transaction volume while reducing its physical cash transportation needs,” the document reads. Currently, most ATMs are dedicated to their respective banks and those institutions’ operating systems, Bank of America said in the filing, yet support for multi-purpose, “multi-tenant” – different stakeholders that share access to a single software system – functions is needed to offer various micro-services related to brand and marketing opportunities.

The bank is effectively looking to implement “ATM as a Service” to enable customers without existing relationship with a participating financial institution to transfer money across the same ATM network or even access point-to-point video communication using the ATM. As the patent explains that, to do this, the system would implement an “open and robust” data transport layer with “full” encryption and security.

It goes on:

“The data transport supporting ATM management, signaling, and non-financial institution and financial institution transactions may be strictly communicated to a cloud platform … and subsequent hosting of web and application services may allow secure and scalable operations. “

The patent filing is just the latest to emerge from Bank of America, which has filed more than 50 blockchain-related patents as of August 2018, according to a research report by iPR Daily, a media outlet specializing in intellectual property. Last month, the bank was awarded a patent for a novel method for storing cryptocurrencies.

Article Produced By
Yogita Khatri
Yogita Khatri

https://www.coindesk.com/bank-of-america-files-for-blockchain-atm-as-a-service-patent

Survey Finds 14 of Chinese Citizens Have Invested in Cryptocurrencies

Survey Finds 14% of Chinese Citizens Have Invested in Cryptocurrencies

  

A survey conducted by Panews has found that 14% of Chinese citizens

have invested in cryptocurrencies. The survey also found that 98% of respondents indicated familiarity with the concepts of cryptocurrency and bitcoin – 3% more than those who stated that they had heard of blockchain technology.

Panews has published the findings of a survey that queried 4,200 Chinese citizens on their familiarity and opinions regarding Bitcoin and cryptocurrencies. The survey found that just 75 respondents had not heard of cryptocurrency or blockchain technology, equating to roughly 2% of the survey’s sample. The survey also found that 40% of respondents expressed a willingness to invest in cryptocurrencies in the future, despite nearly 83% of the sample describing cryptocurrency investment as a new trend.

14% of the sample, or 598 respondents, stated that they have invested in cryptocurrencies, nearly 70% of whom purchased their crypto via an exchange platform. 266 respondents came to possess their crypto through airdrops, followed by mining, with 263. The sample indicated that social media is the dominant means through which Chinese citizens have become exposed to cryptocurrencies, with 38% of respondents claiming familiarity with crypto stating that they became exposed to such through social media, followed by “relatives and friends” with 26%. Panews also noted that the majority of respondents associated cryptocurrencies with investment products primarily, and not as a medium of exchange.

Cryptocurrency Moving Towards Becoming Household Concept in China

While 4,125 respondents indicated familiarity with the concepts of cryptocurrency, Bitcoin, and blockchain technology, only 372 individuals described themselves as possessing a strong understanding of pertinent topics, amounting to roughly 9% of all respondents. Only 17 respondents claimed not to have heard of cryptocurrency, while 103 stated that they were unfamiliar with Bitcoin. 60% of respondents described common perceptions regarding the complexity of exchanging and storing cryptocurrency as the primary barrier to greater crypto adoption.

Overall, the study found that bitcoin and cryptocurrency have made significant strides toward penetrating mainstream economic discourse in China, asserting that “the cryptocurrency industry has made considerable progress in the public’s cognitive level” since “the early days.”

Article Produced By
Samuel Haig

Samuel Haig is a journalist and entrepreneur who has been completely obsessed with bitcoin and cryptocurrency since 2012. Samuel lives in Tasmania, Australia, where he attended the University of Tasmania and majored in Political Science, and Journalism, Media & Communications. Samuel has written about the dialectics of decentralization, and is also a musician and kangaroo riding enthusiast.

https://news.bitcoin.com/1-7-chinese-invested-cryptocurrency/

 

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Investor: Bitmain Firing 80 Workforce is Bad for Bitcoin Cash and Litecoin

Investor: Bitmain Firing 80% Workforce is Bad for Bitcoin Cash and Litecoin

    

According to several reports, crypto mining giant Bitmain is running out of funds.
And it could be bad for Bitcoin Cash and Litecoin.

$315.5 million worth of Crypto-Assets

Kyle Samani, the co-founder of Multicoin Capital, a crypto fund, warned in a Tweet that Bitmain would liquidate its crypto-assets to accumulate fiat-funds for its business operations. The prominent analyst cited recent media reports that have accused the Beijing company of laying off half of its staff. Among the fired – as reported – is a team that was working on the development of a Bitcoin Cash client.

According to a leaked financial document surfaced in August this year, Bitmain currently holds 930,932 LTC (~$28.6m), 1,021,316 BCH (~$176.7m), 22,082 BTC (~$83.3m), 312,424 DASH (~$26m), and 1,097 ETH (~$142k) tokens. At press time, the fiat-equivalent of Bitmain’s entire crypto asset portfolio amounts to be near $315.5 million. Whether or not Bitmain has already encashed some part of its crypto portfolio could not be found. But, according to Samani, the fact that the Chinese crypto mining holds a large number of digital currency reserves itself leads to a possible selling scenario. That, of course, is possible only when Bitmain feels itself running out of cash despite firing half of its workforce.

Is Bitcoin Under Selling Pressure?

Bitmain, like any other retail investors in the crypto space, would be less likely to dump its Bitcoin reserves, mainly because it is among the few crypto assets that are looking at a promising future as the new year kicks in. The same could be told about Bitcoin Cash, which Bitmain whole-heartedly supported during the November “hash war.” But since the firing of Bitcoin Cash development squad, the probability of Bitmain holding its Bitcoin Cash reserves looks meager.

Then again, layoffs itself are a kind of a bullish indicator — a company practices downsizing when it wants to govern its spending against its revenue. Bitmain, like any other crypto company, launched new products while driven the crypto euphoria of late 2017. But as the demand evaporated for its line of products – crypto-mining chips in particular – the company had to restrategize its priorities in hopes to survive the crypto’s most depressive phase.

What’s Next?

Bitmain could also choose to look for additional capital without spending many brains on selling their crypto reserves. The firm has already shared its plans to go public via a $12 billion IPO round in Hong Kong. Just recently, its application to the Hong Kong Exchanges and Clearing Limited (HKEX) met the possibilities of rejection. The company could file another IPO prospectus in the future after fixing its infrastructure, beginning with a layoff that is already taking place.

Bitmain raised $400 million from a pre-IPO funding round led by Sequoia Capital. The company currently holds a 67% share in the market for bitcoin mining equipment, and it provides about 60% of the mining industry’s entire computing power.

Article Produced By
Davit Babayan

https://www.newsbtc.com/2018/12/26/investor-bitmain-firing-80-workforce-is-bad-for-bitcoin-cash-and-litecoin/

Bank of England Poll Finds Most Prefer Cryptocurrency Over Cash as a Gift

Bank of England Poll Finds Most Prefer Cryptocurrency Over Cash as a Gift

  

Respondents to a Twitter poll from the Bank of England

overwhelmingly chose cryptocurrency as their favorite way to receive money as a Christmas gift. Launched on December 17, the poll asked people to choose between digital currency, cash, bank transfer, and a gift voucher. 75% of the 16,799 voters said they prefer digital currency, while 18% responded with cash. The poll ended on December 24. The comments on the Twitter thread centralized around what type of cryptocurrency people would want.

If you receive money as a gift at Christmas, what’s your favourite way to get it? How will we use money in years to come?

18%Cash
5%Bank transfer
2%Gift voucher
75%Digital currency
 

Most said bitcoin was an obvious choice, but a few indicated they would like to receive altcoins like Litecoin or Ethereum.

Polls Suggest Long-Term Interest In Cryptocurrency

Even though markets have suffered in 2018, a couple of polls still suggest people are excited and interested in cryptocurrency for the future. CryptoGlobe reported on an AEVI poll from October that asked respondents to choose what would win the “payments race” for 2018. 68% responded with cryptocurrency. 16% said it would be “card.”

Former congressman Ron Paul posted a Twitter poll in November that asked people what store of value they would choose to receive a $10,000 gift in if they could not have access to it for a decade. Bitcoin was the choice for half of the 94,894 respondents. 37% said gold, while 11% picked U.S. 10-year Treasury Bonds.

Bank Of England Wary Of Cryptocurrency

Some people found the Twitter poll from the Bank of England interesting because of the central bank’s reservations towards crypto. In June, it released a letter to bank CEOs, insurers, and investment firms to warn about how crypto-assets “may give rise to reputational risks.”

An official noted how crypto-assets have had high volatility “in their short history” and run the risk of becoming vulnerable to fraud, manipulation, money-laundering, and terrorist financing. The letter did note the technologies underpinning cryptocurrency maintain “significant potential to benefit the efficiency and resilience of the financial system.” A spring survey from UK market research company D-CYFOR found how most Britons would not support a Bank of England-backed cryptocurrency linked to the British pound.

Article Produced By
Kevin O'Brien

Kevin has lived and worked in five countries and enjoys collecting autographs and playing musical instruments.

https://www.cryptoglobe.com/latest/2018/12/bank-of-england-poll-finds-most-prefer-cryptocurrency-over-cash-for-christmas/

Crypto Bear Market Triggers Rise in MampA Activity

 Crypto Bear Market Triggers Rise in M&A Activity
 

In 2018 there was a rapid decline in initial coin offerings,

a slowdown in blockchain business launches, and a bearish crypto market. During this period, companies with good liquidity have been scaling up and strengthening by acquiring startups. 

 M&A Deal Frenzy in 2018

In 2017 the number of cryptocurrency and blockchain companies that launched more than doubled compared to the year prior. The current bear market that has since come to characterize 2018 has proven the ideal time for institutional investors and venture capitalists to make a land grab and acquire innovative startups. 

There’s been something of a deal frenzy involving cryptocurrency and blockchain-related companies seeing mergers and acquisitions (M&A), which have increased by 200 percent in 2018. M&A is the lifeblood of Wall Street and this activity is expected to continue to accelerate within the cryptosphere as we head into 2019. 

In an interview with news.Bitcoin.com, Danish Saxo Bank founder Lars Seier Christensen revealed that he is actively searching to acquire crypto businesses, saying: “I am also looking at a couple of serious fund vehicles that do extensive research across the space. Because of course there will be some gold nuggets that have been dragged down unfairly in this bear market as happens in all bear markets.” 

According to JMP Securities’ head of blockchain and digital assets investment banking, Satya Bajpai, the industry is witnessing a “land grab” for innovative technology, access to new markets, intellectual property, and talented employees through M&A, reports CNBC.  The most recent data from JMP Securities and data from Pitchbook shows 115 deals have already been announced globally this year, with roughly 30 more expected by the end of this year. This compares with just 47 mergers and acquisitions that were completed in all of 2017. 

Rundown of Key M&A Deals From 2018

There have been a number of key crypto and blockchain acquisitions this year, with one of the most active companies being Coinbase. The California-based exchange has not allowed diminished trade volumes to keep it from actively acquiring startups. Earlier this year, there were also rumors about a potential acquisition of Coinbase by Facebook, though this appears to have been little more than speculation. Coinbase acquired decentralized ERC20 trading platform Paradex. The company also acquired Earn.com for an estimated $100 million, a platform that lets users receive cryptocurrency for answering emails and completing tasks. Another notable acquisition involved Goldman Sachs startup Circle which acquired cryptocurrency exchange Poloniex.

Coinsource, a Texas-based cryptocurrency ATM operator, became the first digital asset ATM provider to be granted a Bitlicense in the state of New York. Japanese insurance group Sompo Holdings acquired a 10 percent stake in Bitpesa, a Kenyan digital currency exchange and payments company. Trade.io acquired British brokerage firm Primus Capital Markets for an undisclosed amount to offer BTC-backed Forex trading. Consensys, the software company established by Ethereum co-founder Joseph Lubin, acquired struggling space startup Planetary Resources.

Japanese mega ecommerce and internet company Rakuten Inc. entered the crypto space by acquiring an existing crypto exchange to fast-track its wat into the Japanese cryptocurrency market. Shapeshift completed the acquisition of Bitfract, a software firm which operates a service that allows users to swap from one cryptocurrency to many in an instant. Ernst & Young, one of the major global accounting firms, acquired technology assets and related patents from Elevated Consciousness.

Blockchain research and development firm Nchain announced the acquisition of a majority stake in the Bitcoin Cash-centric startup Handcash. Chinese bitcoin company BTCC was acquired by a Hong Kong-based investment fund. It seems the market downturn that has pervaded through 2018 has been the ideal time for large corporations to snag a good deal and secure a stake in the future of the rapidly developing crypto space.

Will M&A activity continue to accelerate as we head into 2019? Let us know in the comments section below.

Article Produced By
Tanzeel Akhtar

Tanzeel Akhtar is a British journalist covering financial markets for over a decade. She writes across all media platforms from traditional print newspapers to online media platforms such as Bitcoin.com. Tanzeel came across the concept of Bitcoin in 2012 while eavesdropping in on a conversation at a London wine bar called The Arches.

https://news.bitcoin.com/crypto-bear-market-triggers-rise-in-ma-activity/