Seth Archer, provided by Published 6:16 am, Wednesday, January 17, 2018 Getty The cryptocurrency bloodbath is not limited to the currencies and tokens. Many companies that pivoted to crypto are getting whacked as well. Check the price of every major cryptocurrency live on Markets Insider. most of the major cryptocurrencies post double-digit losses for the second day in a row on Wednesday, many of the pivot-to-crypto companies are getting whacked as well. Many of the companies that decided to pivot to blockchain had no prior relation to the technology. As bitcoin hovers around the psychologically-important $10,000 mark, and Ethereum tests $1,000, many of the blockchain-pivoters have followed the currencies' decline. Some companies' pivots make more sense than others. Kodak, the historic photo company, announced a new blockchain tech that would allow users to track down their copyrighted images on the web. Kodak, however, has fallen like the rest of them and is … [Read more...] about Companies that pivoted to blockchain are getting whacked amid the crypto bloodbath (LBCC, RIOT, LFIN)
Blockchain
2 blockchain ETFs are launching — but the SEC asked them to take blockchain out of their names
Frank Chaparro, provided by Published 11:39 pm, Tuesday, January 16, 2018 Flickr/Alex Two blockchain ETFs are set to start trading Wednesday, but blockchain won't be in their name. Eric Ervin, the chief executive officer of Reality Shares, told Business Insider the SEC is wary about the mania surrounding blockchain. Blockchain won't be in its name. Frank ChaparroThe Securities and Exchange Commission requested Reality Shares remove the word "blockchain" from its Reality Shares Nasdaq Blockchain Economy ETF amid anxieties at the regulator that cryptocurrency and blockchain mania is sweeping Wall Street. Local Channel Now Playing: Now Playing San Antonio Boy Attempts Icy Stunt by Jumping on Slick Trampoline Storyful Car drives off bridge near downtown S.A. during storm mysa Woman in England surprised with tickets to see Rascal Flatts at San Antonio Stock Show & Rodeo mysa San Antonio man records burglar breaking into home, … [Read more...] about 2 blockchain ETFs are launching — but the SEC asked them to take blockchain out of their names
Companies will spend $3.7 trillion on IT in 2018, led by trendy new tech like blockchain, IoT and AI
Julie Bort, provided by Published 4:00 pm, Tuesday, January 16, 2018 Digital Assets Businesses are gearing up for a healthy 2018 and will increase their spending on IT projects to support planned growth. Overall IT spending is estimated to grow to $3.7 trillion in 2018, up 4.5% over 2017 spending, reports market researcher Gartner Up-and-coming new tech like artificial intelligence, internet of things and even blockchain is driving the increase. market research firm Gartner. Businesses plan to increase spending in all areas including enterprise software, devices (PCs, tablets, phones), IT services, communications services (telecom, networking). Local Channel Now Playing: Now Playing Car drives off bridge near downtown S.A. during storm mysa Woman in England surprised with tickets to see Rascal Flatts at San Antonio Stock Show & Rodeo mysa San Antonio man records burglar breaking into home, shares over social mysa San Antonio firefighters … [Read more...] about Companies will spend $3.7 trillion on IT in 2018, led by trendy new tech like blockchain, IoT and AI
Why Shares of Eastman Kodak, Riot Blockchain, and Xunlei Are Plunging Today
What happened Shares of Eastman Kodak (NYSE: KODK), Riot Blockchain (NASDAQ: RIOT), and Xunlei (NASDAQ: XNET) have plunged more than 10% as of 9:45 a.m. EST as the market's largest cryptocurrencies fall in value. All but one of the 10 largest digital currencies are down more than 10% in the last 24 hours, with the biggest of them (bitcoin) falling 14%, according to CoinMarketCap. So what Kodak is one of the latest stocks to find new life as a cryptocurrency company. The photography and film company announced it was getting into digital currencies in a big way, creating its own platform for photographers to sell content. The planned platform, which it calls KODAKOne, will use its own cryptocurrency (KODAKCoin) for the sale and purchase of digital content. Separately, Kodak also has its eye on the bitcoin mining business. The company announced a program wherein investors pony up the $3,400 purchase price of its Kodak KashMiner in exchange for half the bitcoin it mines over a … [Read more...] about Why Shares of Eastman Kodak, Riot Blockchain, and Xunlei Are Plunging Today
Long Blockchain to merge with UK firm
Long Blockchain Corp., the Farmingdale iced tea producer that in December refocused on the technology behind bitcoin, Tuesday announced a plan to merge with Stater Blockchain Limited, a financial technology company based in the United Kingdom. Long Blockchain said it signed a letter of intent for an all-stock transaction in which Long Blockchain would form a subsidiary that would merge with... To Continue... Already a Newsday or Optimum customer ? Log in Get unlimited digital access $1 for 4 Weeks $0.99/Week Thereafter Subscribe There's more to the story! Start your FREE 4-week trial to continue reading. No credit card required. GET STARTED Ken Schachter covers corporate news, including technology and aerospace, and other business topics for Newsday. He has also worked at The Miami Herald and The Jerusalem Post. … [Read more...] about Long Blockchain to merge with UK firm