AriseBank To Pay $2.3M Over ICO Violations

AriseBank, a startup that ran afoul of regulators in the U.S. with its initial coin offering (ICO), agreed to pay $2.3 million, reported The Wall Street Journal. The report, citing court proceedings in Dallas, reported that AriseBank Founder Jared Rice and Co-founder Stanley Ford took around $4.25 million from investors after claiming to raise $600 million, lied about an endorsement from

Read more

UAE Exchange, Ripple To Launch Cross-Border Remittance To Asia

UAE Exchange, the United Arab Emirates-based company, and Ripple, the blockchain technology company based in the U.S., are gearing up to launch cross-border remittances to Asia using blockchain technology. According to a report in Reuters, citing UAE Exchange’s group CEO Promoth Manghat, who is also executive director and chief executive at Finablr, with Asia among the biggest recipients of remittances sent around

Read more

Farfetch To Buy Sneaker Marketplace Stadium Goods

In a deal in that would let Farfetch grow its premium sneaker and streetwear offerings, the eCommerce retailer said on Wednesday (Dec. 12) that it is acquiring Stadium Goods for the enterprise value of $250 million. The arrangement, which could close in the first quarter of next year, is subject to “customary closing conditions,â€� the company said in an announcement. “We

Read more
1 2 3 4 5 1,076