The world’s largest cryptocurrency exchange, Binance, has dropped its defamation lawsuit against news publication Forbes and two of its journalists, according to official court documents. Binance Holdings filed a lawsuit against Forbes, along with journalists Michael Del Castillo and Jason Brett in November, following an article that alleged Binance sought to purposely distract and dodge United States financial regulators. A notice of voluntary dismissal was filed in a U.S. district court in New Jersey on Feb. 4, ending the pending legal action against Forbes. The filing contains no explanation for the withdrawal of lawsuit, stating simply that Binance, “Hereby gives …

More than half of companies added to the Forbes Blockchain 50 list for the first time this year are using blockchain to resolve logistical issues faced in their line of business. Eleven of the 21 new entrants added to the annual tally are applying blockchain and DLT-based solutions to problems regarding supply chains, product tracking and shipping information. According to Forbes, “hundreds of sizable companies are now using Bitcoin and its underlying technology to make their operations more efficient.” “Most companies on the Blockchain 50, however, are not Bitcoin speculators but rather are looking to employ the technology underlying the …

Major business magazine Forbes has featured Gemini co-founders Cameron and Tyler Winklevoss as the richest Bitcoin (BTC) billionaires. Compiled by Forbes crypto-focused reporter Michael del Castillo, the ranking provides a list of Bitcoin investors that won the most from Bitcoin’s massive surge up to $42,000 in early January. The ranking includes three Bitcoin investors with an estimated crypto net worth above $1 billion, including the Winklevoss brothers, major industry investor Tim Draper and Matthew Roszak, chairman and co-founder of blockchain firm Bloq. The twins topped the list with an estimated cryptocurrency net worth of around $1.4 billion apiece. Roszak and …

Ten of the youthful business leaders featured in this year’s Forbes’ 30 Under 30 list work in blockchain and cryptocurrency, highlighting increasing acceptance of the industry from the mainstream media. Despite its name, the list actually highlights 600 young people across various categories — with the crypto alumni including seven individuals in the finance category, one in venture capital, one in energy, and one in manufacturing. The finance category features the founder of the $1.2 billion crypto derivatives exchange FTX, and quantitative trading firm Alameda Research, Sam Bankman-Fried. Since launching last year, FTX has made waves by offering innovative products …

In an interview with the Center for Natural and Artificial Intelligence, Forbes Inc chairman Steve Forbes weighed in on cryptocurrency and the future of money. Forbes described cryptocurrencies as a “high-tech cry for help” borne from “the instability of government-printed money today.” Crypto too volatile for currency Forbes criticized the volatility of crypto assets, describing Bitcoin (BTC) as looking like “steak” one day, and “dog food” the next. Contrary to many crypto supporters, Forbes took aim at the hard cap on Bitcoin’s supply, stating that many within the virtual currency community have “made the mistake of thinking that if they …

On May 12, Telegram officially terminated its involvement in its planned blockchain project, the Telegram Open Network, and its corresponding GRAM token. Apparently ending its long-running legal battle with the United States’ regulators, Telegram still needs to sort out $1.7 billion raised in an initial coin offering, or ICO, in 2018. Prior to abandoning the troubled TON project, Telegram CEO and founder Pavel Durov introduced a reimbursement scheme, offering TON investors two choices — immediate 72% refund, or a 110% refund in 12 months. Major $70 million investor is preparing to quit with 72% According to a May 16 report …

Multi-billion dollar companies are more likely to use blockchain for traceability and provenance than for payments and settlement, according to a new analysis of the Forbes Blockchain 50. The now annual Blockchain 50 list was published in late February and includes fifty of the biggest brands in the world who are using blockchain, each with annual revenue in excess of $1 billion in annual revenue. Research from Dutch firm Blockdata, which incorporated its own data in the analysis, found that fifteen have solutions that tackle traceability and provenance, while 13 are using blockchain for payments and settlements. Companies with blockchain …

Amid intensifying fears over the coronavirus, the United States stock market saw another historic day causing whopping losses for the world’s richest people. On March 9, the U.S. stocks experienced another dismal day, with major stock indices like the S&P 500 and Dow Jones plunging more than 7%. This coincided with a major bloodbath in crypto markets, with Bitcoin (BTC) dropping nearly 10% over a day. According to some reports, Monday, March 9 became the worst day for U.S. stocks since 2008. At $6 billion, Bernard Arnault suffered the biggest losses on the day Referred to as Black Monday, the …

Newly released Blockchain 50 list by major finance publication Forbes features some new entrants like major international association, the United Nations. Shortly after including six blockchain-focused firms into its Fintech 50 list last week, Forbes has released another compilation of 50 global enterprises actively embracing blockchain technology. Newcomers include the United Nations, China Construction Bank, Square and others Published on Feb. 19, the new Forbes’ Blockchain 50 list is the second release of its annual Blockchain 50, which was first introduced in April 2019. Similarly to last year’s edition, the new compilation includes industry giants like Amazon, Microsoft, JPMorgan, Google, …

Forbes released its Fintech 50 list this week, which included six blockchain companies among the media outlet’s compilation of top financial technology companies. Carrying a “Blockchain and Bitcoin” category tag, Forbes listed Axoni, Chainalysis, Coinbase, Everledger, MakerDao and Ripple amongst its top 50 fintech list for 2020, released on Feb. 12. Other contenders on the list included companies such as Plaid, Opendoor and Lemonade, categorized under payments, real estate and insurance respectively. Listed alphabetically Spanning an array of categories within fintech, Forbes composed its 2020 list alphabetically. Among the six blockchain and crypto-related categories, crypto exchange powerhouse Coinbase touted the …

Ahead of its upcoming public beta launch, decentralized social media platform Voice announced that it hired former Forbes chief digital officer, Salah Zalatimo, as its new CEO, according to a press release, Jan. 9. Zalatimo joined Forbes in 2015 and led a successful digital transformation, rebuilding the Forbes platform from the ground up. Block.one CEO, Brendan Blumer, gave his thoughts on the new hire: “Salah is a rare combination of product and media talent enriched by an entrepreneurial past. His experience in creating state-of-the-art content monetization and publishing tools makes him uniquely qualified to lead Voice.” Decentralized blockchain-backed social media …

Forbes chairman and editor-in-chief Steve Forbes has described Bitcoin (BTC) as a “high-tech cry for help” driven by a lack of trust in traditional currencies. Speaking to Ark Invest CEO Cathie Wood on her company’s podcast, he said Bitcoin's challenge now is becoming a coin as trustworthy as gold — an assert that has earned its status the hard way over thousands of years. Although Forbes starts out by saying that Bitcoin prices fluctuate too much — “steak one day, dog food the next” — he shows a deep understanding of what Bitcoin is and its current and future role …