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HNA Group to invest $7.6 billion in tourism, digital transformation

“BEIJING (Reuters) – China’s HNA Group Co Ltd [HNAIRC.UL] plans to invest 50 billion yuan ($7.6 billion) in tourism and digital transformation, a company executive said on Tuesday” reports businessinsider.com. Eric Tong, an HNA Group board member and Chairman of HNA Technology Group, told Reuters on the sidelines of a media event the firm will primarily focus on tourism-related investment over the long term. He did not elaborate further on the investment plans. Source: businessinsider.com Share This:

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Digital Asset raises $40m Series B funding and appoints Two Sigma CTO Clyde Rodriguez

“The latest round brings the total funding raised by Digital Asset to over $110m as the company expands its global presence” writes Ian Allison for ibtimes.co.uk. Digital Asset, the distributed ledger technology company led by Blythe Masters, has raised over $40m (£30m) of Series B financing, and bolstered its executive team with Clyde Rodriguez, former co-CTO of Two Sigma Investments.”Clyde is a respected technology executive with a strong track record of leading engineering teams to develop mission-critical enterprise software that supports hundreds of millions of customers worldwide. Source: ibtimes.co.uk Share This:

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Crypto News 

Fund manager Novogratz agrees to advise ethereum-based digital coin exchange

“Now he is attaching his name to a young digital coin project based on the technology of digital currency ethereum” writes Rick Wilking for cnbc.com. A famed Wall Street investor behind what may become the largest digital assets investment fund is moving deeper into the world of digital coins.Other advisors include Brock Pierce, an early bitcoin investor and founder of venture capital firm Blockchain Capital, and Ambassador Clifford Hart, former U.S. consul general to Hong Kong.Former Fortress hedge-fund manager Michael Novogratz agreed on Oct. 4 to join the board of…

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Crypto News 

Jamie Dimon is betting big on the technology behind ‘fraud’ bitcoin

“The largest U.S. bank is investing in the blockchain technology behind bitcoin, despite its CEO calling the digital currency a “fraud.”” writes David A for cnbc.com. In September, JPMorgan Chase Chairman and CEO Jamie Dimon said bitcoin is a “fraud” that “won’t end well.”. Blockchain technology eliminates the need for a third party intermediary by creating a permanent, open record of all transactions on a network.The digital currency has run up six times in price this year to a record high of $5,856 Friday.But at the same talk Friday, Dimon…

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The internet of things meets augmented reality as Evrythng partners with Zappar

“Evrythng and Zappar are teaming up to blend augmented reality with the internet of things (IoT)” writes Dean Takahashi for venturebeat.com. New York-based Evrythng has created a smart products platform that collects, manages, and applies real-time data to drive IoT applications, or everyday objects that are smart and connected.London-based Zappar has created an AR platform that brings interactivity to these everyday objects.Evrythng wants to digitally enable billions of consumer products by connecting them to intelligent software in the cloud. Source: venturebeat.com Share This:

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Crypto News 

Are U.S. investors interested in cryptocurrencies?

“With cryptocurrencies continuing to gain traction as an increasingly popular investment vehicle globally, my team at Investing.com wanted to gauge how interested U.S. investors are in these currencies at the moment” writes Investing Com for venturebeat.com. Interestingly enough, topping the list of states interested in digital currencies are Nevada, Texas, and New Hampshire.What it shows is that cryptocurrency interest across the U.S. is driven by differing virtual currency regulations within each state.Perhaps as a result, the state currently tops the list with 4,057 users out of a total 36,230 (11.2…

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Crypto News 

Why Investing in Digital Currencies Is a Much Better Idea Than You Might Think

“When looking to invest in cryptocurrencies, look a bit further than the surface facts that most skeptics will happily shout about and realize that investing in digital currencies is a better idea than you might think” reports newsbtc.com. We’ll look at two aspects of investing, namely price volatility and risk, which many investors consider when sizing up investment opportunities, to see why investing in digital currencies is a much better idea than you might think.That means if you invest in one Bitcoin today at $4,800, your investment will increase by…

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Crypto News 

White Rabbit Announces Blockchain-based Digital Streaming Service

“White Rabbit, as the service is titled, is a step forward from traditional digital distribution platforms like Netflix and Amazon” writes About Yashu Gola for livebitcoinnews.com. On being compared to digital streaming services like Netflix, Alan R Milligan — the CEO and founder of White Rabbit — attempted to draw a striking line between the two, stating that, “OTT services like Netflix have globalized digital streaming and created great content these last few years. Source: livebitcoinnews.com Share This:

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This Is Digital Gaming’s Trillion-Dollar Opportunity

“The Gameflip digital goods marketplace has more than 2 million registered users and 500,000 monthly actives” reports newsbtc.com. That’s because there is currently no secure, transparent and liquid platform where gamers can buy, sell and trade their digital goods.The FLIP token will leverage the Ethereum blockchain and ERC-20 token interface, the current industry standard for issuing digital assets.MOSCOW—Each year, global gamers spend more than $100 billion USD, and countless hours of gameplay, to purchase and earn digital goods.With 2 million registered gamers and 500,000 active monthly users, Gameflip is already…

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