Tag: business

Voltage Aims To Bring Bitcoin’s Lightning Network To Every Business In The World

coiner

Founder: Graham Krizek Date Founded: October 2020 Location of Headquarters: Wichita, Kansas Number of Employees: 17 Website: https://www.voltage.cloud/ Public or Private? Private In 2012, soon after Graham Krizek discovered Bitcoin and subsequently began contributing to Bitcoin Core and building his own applications on Bitcoin, he noticed an issue that was hindering Bitcoin builders. “The problem that I saw was that everyone was building everything from scratch — over and over and over again,” Krizek told Bitcoin Magazine. “There was no cloud environment where you could just spin up Bitcoin infrastructure…

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Costco Gold Business Booming: Estimations Put Monthly Sales Close to $200 Million

coiner

According to Wells Fargo estimations, U.S.-based retailer Costco runs a $200 million gold business monthly. Consumer trust in the organization and its aggressive pricing have made Costco’s one-ounce bars of 24-karat gold a popular choice for investors, who take advantage of 2% over market spot prices. Costco Might Be Selling $200 Million in Gold Every […] Source link

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‘Ethereum for Business’ explains key use cases

coiner

The cryptocurrency market has encountered its share of ups and downs over the past year, but blockchain technology continues to see impressive growth as businesses seek digital transformation.  Recent findings from the market research platform, MarketsandMarkets, estimated the global blockchain market size to be $7.4 billion in 2022. While notable, the report indicates that the blockchain sector is expected to generate $94 billion in revenue by the end of 2027. If these findings are accurate, this will result in a compound annual growth rate of 66% from 2022 to 2027.…

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Small business lending protocol Defactor tokenizes $100M in bonds

coiner

On June 6, decentralized finance (DeFi) lending platform Defactor Labs said that it tokenized $100 million worth of Alpha Bonds using the ERC-3643 token standard. The bonds, tokenized on the Polygon (MATIC) network, will be lent to small- and medium-sized enterprises using real-world assets, such as receivables, as collateral. Defactor Labs partnered with law firm CMS to provide legal guidelines and documentation, choosing Luxembourg as the instrument’s governing jurisdiction. Meanwhile, Black Manta Capital Partners provided a broker-dealer license and marketplace powered by Tokeny’s ERC-3643 tokenization engine for Alpha Bonds. We…

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The Business Case For Implementing Bitcoin’s Lightning Network

coiner

This is an opinion editorial by Matt Maraia, a CPA focused on how changes to accounting regulations impact the Bitcoin community. Today, companies spend egregious amounts of money on credit card fees when processing customer payments, ultimately cutting into margins that are widely scrutinized by investors and management alike. But the Lightning Network presents a new payment solution with the ability to process instantaneous payments (using Bitcoin) for virtually no fees. It boasts equivalent decentralized safeguards to the Bitcoin network, ultimately using Bitcoin’s blockchain, which has not been hacked since…

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