Dow futures fell on Thursday as corporate earnings continue to disappoint Wall Street. Even with expectations at 13-year lows, blue-chip US companies are failing to hit the mark. IBM was the biggest drag on the Dow Jones Industrial Average on Thursday, falling 1 percent in pre-market trading. The tech company reporting year-on-year revenue losses. Poor results at Netflix also dragged down...
By CCN: IBM's head of blockchain Jesse Lund has reportedly left the company. Lund previously predicted the Bitcoin price could hit $1 million within our lifetime, citing the scarcity and growth of interest in the space. Jesse Lund's Still Optimistic about Blockchain Payments Lund told Coindesk that he is "still optimistic" about blockchain as a payments platform. He helped create the IBM World...
IBM’s Jesse Lund, who heads the blockchain division, claims IBM is the leader in blockchain technology. In a recent interview, Lund stated: What IBM’s been doing as the leader in blockchain technology for the last three years is adding security and confidence to the system. IBM And Stellar Partnership Challenge xRapid Lund talks about IBM’s cross-border payments solution, which in part uses...
Ripple is under serious threat as IBM joins forces with major banks to issue cryptocurrencies. In a Bloomberg report, IBM revealed it was in talks with two “major US banks” to issue a cryptocurrency for internal and remittance payments. The IBM initiative, which is powered by Stellar’s blockchain, is a huge threat to Ripple. Ripple has always positioned itself and its associated cryptocurrency...
IBM VP of Blockchain and Digital Currencies Jesse Lund is bullish on Bitcoin - so bullish, in fact, that he set a long-term $1 million price target. Bitcoin Price Has Million-Dollar Potential Lund revealed his long-term Bitcoin price target at the recent Think Conference, in an interview with Fred Schebesta. The IBM executive pointed out that the higher the price of a crypto asset, the more...
By CCN.com: Remember when IBM was the technology trailblazer? It seemed every innovation out of Big Blue took off, leaving any other company that dared to compete in the dust. Well, the tables have turned. No longer is IBM the standout in the technology space, and one of the reasons relates to the strides being made in cloud services. Amazon, Google, and Microsoft have found their grooves in this...
By CCN.com: U.S. stocks swung lower on Wednesday, reversing a strong start to the day as concerns over trade and global economic growth offset solid corporate earnings. U.S. Stock Market Gives up Gains All of Wall Street’s major indexes fell by late morning, with the Dow Jones Industrial Average giving up triple-digit gains. The blue-chip index rose 296 points after the open, which mirrored a...
South Korean battery maker LG Chem, tech giant IBM, auto manufacturer Ford Motor and others have partnered in a blockchain project aimed at infusing transparency in the global mineral supply chain, impacting batteries used in smartphones and electric vehiceles. Specifically, the project will track cobalt mined in the Democratic Republic Congo. Cobalt is used in lithium-ion batteries and its...