Crypto Platform Uphold Faces $5M Blow From New York Regulators
Uphold will hand over more than $5 million to customers it helped deceive — a payout that amounts to over five times what the company actually earned from the deal. Related Reading: Bitcoin’s Defenders Launch ‘Evidence Base’ In Battle Against FUD A Settlement With Real Teeth New York Attorney General Letitia James announced the settlement […]
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The Voxelus virtual reality (VR) content creation platform is making its VOX currency available on the Uphold cloud money platform in a beta pre-sale. Uphold users can order VOX on Uphold before its general release on March 30, 2016, according to Anthony Watson, president and CEO of Uphold Inc. Voxelus allows users to create VR games and experiences without having to rewrite code. It offers a VR player app that plays content using the desktop content tool on Samsung VR or Oculus Rift and is developing even more features. Uphold in November launched the ability for U.S. members to fund....
Uphold has acquired Bitnet's Bitcoin-based merchant payments solution business to create Uphold Merchant Services. Uphold, the blockchain based online financial platform has announced its acquisition of Bitnet, or at least what’s left of it to create Uphold Merchant Services. Uphold’s deal follows the earlier acquisition of Bitnet’s blockchain IPs by one of its investors, Rakuten. Bitnet has been one of the familiar names in the cryptocurrency industry. The platform has been offering Bitcoin merchant payments services while researching into various other applications of blockchain....
Uphold, a cloud-based digital financial service platform, has come under the spotlight after on-chain data confirmed that it safeguards approximately 1.59 billion XRP. According to Uphold’s Chief Executive Officer (CEO), Simon McLoughlin, these tokens are fully owned by customers, not the exchange itself. Uphold Clarifies Massive XRP Holdings The crypto community was taken by surprise […]
Two bitcoin startup executives have joined the leadership team for Uphold, the digital money platform. Bitnet CEO and co-founder John McDonnell and chief data architect Jiri Novak will become part of a new offering called Uphold Merchant Services, which will aim to provide payment and financing services to businesses that use the Uphold platform. Bitnet was acquired as part of the deal. The company, former known as Bitreserve, was founded by CNET founder Halsey Minor and formally launched in late 2014. The platform later rebranded as Uphold. McDonnell and Novak join the startup months....
Quick Facts: 1️⃣ Uphold has announced its integration with the Exactly Protocol, allowing its customers to earn yield or access credit through their crypto holdings. 2️⃣ The service will be launched in Florida and Latin America in December, with expansion to the greater US in Q1 2026. 3️⃣ Uphold will support and expand the utility […]