Spherix invested into blockchain-focused education platform

Despite the development stage media and education platform TheBit Daily secured an investment of Spherix Incorporated
27 March 2018   328

It was announced that the deal between TheBit Daily and Spherix had been finalized on March 27. TheBit shares through special guides its knowledge and understanding of the blockchain technology. Custom-curated newsletters are available to the users with the latest updates on the technology and cryptocurrency. Interviews with industry leaders is a crucial part of the resource.

When Bitcoin was booming in 2017, friends asked us constantly how to participate in its explosive growth. That's when we realized there was a lack of education in the space.  Articles and media were geared towards highly complex and technical information. TheBit Daily was born out of the need to simplify blockchain for everyone.

 

Erica Amatori

Co-Founder, TheBit Daily

TheBit has some plans regarding expansion: it's going to include community sourced resource discovery, international videos and access to social network focused on the blockchain ecosystem.

Our investment in TheBit provides our shareholders another opportunity to participate in the growing blockchain and cryptocurrency space, while also being accretive to our proposed acquisition of DatChat.  As the Company moves into the blockchain space, TheBit provides our shareholders and other users with clear and easy to understand information about blockchain and cryptocurrencies. This investment will seek to diversify our revenue base as we help incubate and grow a fantastic startup.  This is a true win-win.

 

Anthony Hayes

CEO, Spherix

Coinbase to Issue New Statement

As reported, company says it was wrong about SEC approval of acquisitions
18 July 2018   9

Vice President of Communications of Coinbase Rachel Horwitz denied the information that the company received approval from the Securities and Exchange Commission of the United States for a deal to buy brokerage companies. This is reported by Bloomberg.

It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process. The SEC’s approval is not required for the change of control application. Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.
 

Rachel Horwitz

Vice President of Communications, Coinbase

On Monday, a spokesman for Coinbase said that the company received permission from the SEC and the Agency for Regulation of Financial Institutions (FINRA) to purchase Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.

However, despite the refutation from Rachel Horwitz, Coinbase still intends to obtain a license to carry out brokerage activities.