Monday, June 3, 2019

Report: financial firms led by UBS invest $60M+ to form a company to develop blockchain-based tech for settling cross-border trades using a "bitcoin-like" token (Mix/The Next Web)

Mix / The Next Web:
Report: financial firms led by UBS invest $60M+ to form a company to develop blockchain-based tech for settling cross-border trades using a “bitcoin-like” token  —  THE BANKING INDUSTRY WANTS TO BLOCKCHAIN TOO  —  The banking industry is hell-bent on taking over the nascent blockchain and cryptocurrency market.



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...