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Cryptocurrency Ratings Agency Explains Bitcoin's C+ Grade
With wild swings in value and the rise of countless cryptocurrencies beyond bitcoin, an independent rating system for individual currencies makes sense. Enter Weiss Ratings, the Florida-based research firm founded by Martin Weiss in 1971. The sector's market turmoil created a need for an impartial rating system based on objective data and research, Martin Weiss told Benzinga. “The primary drivers
Former Manulife Exec Named CEO of HK-Based Insurtech Firm
FinTech
Insurtech continues to attract people from the mainstream. According to AsiaOne, Manulife Asia’s former CIO and COO John Brisco has joined Coherent Capital Advisors as it’s Chief Executive. He also joins Coherent co-founders Michael Chan and Fred Ngan as part of the Coherent Group management team. Prior to joining Manulife, Brisco was Chief Information Officer of Emerging Markets at QBE
Report: Samsung is Manufacturing Chips For Cryptucurrency Mining
Samsung is manufacturing ASIC chips to be used in mining bitcoin, ether and other cryptocurrencies, the company has confirmed to TechCrunch. While a Samsung spokesperson told TechCrunch that the company's "foundry business is currently engaged in the manufacturing of cryptocurrency mining chips," it would not provide any other details on its operation. However, it's entry into crypto mining chip space
The Fintech World Responds to Market Focus on Cryptocurrencies
Cryptocurrencies like bitcoin have been all the rage in recent months, and the fintech market has stepped up its game to provide investors with exciting and creative new ways to play the latest investing trend. Bitcoin and other cryptocurrencies have been popular alternative investments for a while now, but concerns over extreme volatility and potential risk to investors has kept
InsurChain, Loco HK Team up to Foster Insurtech Around the World
FinTech
Will blockchain revolutionize insurance? One company seems to think so, and it’s positioning itself to capitalize on it. According to a press release, LoCo HK, a Hong Kong-based commodity exchange service provider, has teamed up with InsurChain to promote insurtech development on a global scale and also prep InsurChain for the establishment of its blockchain-based ecosystem in the future. InsurChain
Report: GPS Tracker Used By Fitbit and Other Wearables is Exposing Sensitive U.S. Military Info
A GPS tracker found in Fitbit and other wearable devices has been exposing "highly sensitive information" about the locations and movements of soldiers at military bases in the United States, the Washington Post reports. The activity and whereabouts of the soldiers is being exposed by a Global Heat Map published by the GPS tracking company Strava, according to the Post,
Amazon, Berkshire Hathaway and JPMorgan Are Forming Independent Healthcare Company to Service Their U.S. Employees
Amazon, Berkshire Hathaway and JPMorgan Chase announced on Tuesday that they are teaming up to form "an independent company that is free from profit-making incentives and constraints" that will service the healthcare needs of their employees in the United States. While the press release announcing the partnership is fairly scant on details, it notes that "initial focus of the new
Blockchain’s Broken Promises
FinTech
Boosters of blockchain technology compare its early days to the early days of the Internet. But whereas the Internet quickly gave rise to email, the World Wide Web, and millions of commercial ventures, blockchain's only application – cryptocurrencies such as Bitcoin – does not even fulfill its stated purpose. NEW YORK – The financial-services industry has been undergoing a revolution.
One of Japan's Largest Cryptocurrency Exchanges Confirms it Lost About $533M in Crypto Coins
Coincheck has confirmed that roughly 58 billion yen ($533 million) were lost in what is likely the biggest such loss of digital currency ever, CoinDesk reports. The coins were apparently lost when they were sent "illicitly" from an outside venue, according to Bloomberg. After hours of speculation, Coincheck Inc. co-founder Yusuke Otsuka said during a late-night press conference at the
JPMorgan's Top Tech Ideas For 2018: Buy Zebra, Short Garmin
Hardware stocks are well positioned to generate a "solid" return for investors in 2018, analysts at JPMorgan said in an industry-wide report. Among the entire group, the firm's top picks include: Flex Ltd (NASDAQ: FLEX), NCR Corporation (NYSE: NCR), TTM Technologies, Inc. (NASDAQ: TTMI), and Zebra Technologies Corp. (NASDAQ: ZBRA). On the other hand, the firm's top short ideas for