NEW YORK (Reuters) - Several of the world’s largest banks are in the process of investing around $50 million to create a digital cash system using blockchain technology to settle financial transactions, according to people familiar with the plans. FILE PHOTO: Bitcoin.com buttons are seen displayed on the floor of the Consensus 2018 blockchain technology conference in New York City, New York, U.S., May 16, 2018. REUTERS/Mike Segar/File Photo The previously disclosed project, known as the "utility settlement coin," was first proposed by Swiss bank UBS Group AG and London-based technology startup Clearmatics in 2015. It aims to develop a system to make clearing and settlement in financial markets more efficient. (reut.rs/2wLsV3c) Around a dozen banks are investing in a new entity called Fnality which would run the project, one of the people said. The deal has not been finalized so details may change. The new system could launch in 2020, the person said. It is unclear … [Read more...] about Exclusive: Banks to invest around $50 million in digital cash…
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News The tech giant is giving it all to break through the video game industry. By Kenneth Araullo 04/15/19 Email Facebook Twitter Reddit With the recent announcement of Google’s Stadia, Apple has also announced its plans to capitalize on the growing market of mobile gamers. Apple’s Arcade is the company’s newest endeavor, a subscription service for mobile gaming. The service will offer more than a hundred games at launch, and you have unfettered access to every game available in its library. None of the games will have in-app purchases, and you can more than likely play it across your multitude of Apple devices (if you’re into that sort of thing).In order to bolster its efforts, a recent report from the Financial Times has stated that Apple has allotted a cool $1 billion solely dedicated to its streaming services, be it television and film, news partnerships, and now even video games. The report speculated that while a bulk of that money will most likely go … [Read more...] about Apple Reportedly Spending ‘Hundreds Of Millions Of Dollars’ To Secure Games For Its Arcade Service
With companies like Salesforce worth upwards of $100 billion, and incumbents like six-year-old Slack valued at over $7 billion, it would seem there is no better time to be a SaaS company. While this is true in many respects, especially in the U.S. where venture capital is flowing (allowing SaaS companies to scale quickly), the truth is that most SaaS companies don’t make it to even $1 million in revenue. That’s right, just four percent of SaaS companies reach $1 million in revenue, and only .04 percent make it to $10 million. As revenue numbers increase, that number shrinks even more. With data like that, you’re probably as likely to win the lottery as you are to have a multimillion-dollar SaaS company. Above: Source: Verne Harnish — https://scalingup.com Getting to $1 million. Everyone wants to be a SaaS company According to a 2018 survey from OpenView, SaaS companies reported having an average of nine competitors, up from two in 2013. Imagine being a customer … [Read more...] about Getting to $50 million: How to avoid the SaaS Valley of Death
John C. Roper Updated 6:22 pm CST, Wednesday, January 30, 2019 The Greater Houston Partnership is launching a $50 million fundraising campaign to help pay for an initiative to attract more business to the region. The Greater Houston Partnership is launching a $50 million fundraising campaign to help pay for an initiative to attract more business to the region. Photo: Elizabeth Conley, Houston Chronicle / Staff Photographer Photo: Elizabeth Conley, Houston Chronicle / Staff Photographer Image 1 of / 1 Caption Close Image 1 of 1 The Greater Houston Partnership is launching a $50 million fundraising campaign to help pay for an initiative to attract more business to the region. The Greater Houston Partnership is launching a $50 million fundraising campaign to help pay for an … [Read more...] about GHP launches $50 million fundraiser to help attract new businesses
Jan 11, 7:01 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury National By Alex Perry 01/11/19 AT 12:11 PM It is the end of the week, which means it is time for yet another chance to win tens of millions of dollars from the Mega Millions lottery. Since nobody won the jackpot on Tuesday, the grand prize shot up to $50 million.In order to win, players need to get their numbers by 11 p.m. ET on Friday. That is when the winning numbers will be drawn and Mega Millions players will find out if they won anything.The jackpot is $50 million with a cash option of $30.1 million. It had previously been as high as $437 million, before someone in New York bought a winning ticket on New Year’s Day. It was only the second time in the history of Mega Millions that someone won a jackpot on the first day of the year.Nobody has won a jackpot since. It will continue growing if nobody wins on Friday night. A truck advertising the Mega Millions … [Read more...] about Mega Millions January 11: When Is The Drawing For $50 Million Jackpot?