ChainLink is a decentralized data oracle network connecting smart contracts to credible, real-world data. To put it simply, ChainLink is a trustworthy middleware between blockchain smart contracts and external data sources. A decentralized oracle network employs multiple data inputs. This eliminates any single point of failure in smart contracts and …
Read More »Monthly Archives: August 2020
Bed Bath & Beyond Stock Drops Over 24% Yet Experts Are Optimistic
The stock of Bed Bath & Beyond (NASDAQ:BBBY), the famous home merchandise store, plunged more than 24% last month when the brand reported bleak earnings for the first quarter. Revenue fell by 50% and the Company announced it will be closing its 200 stores in the upcoming two years. The …
Read More »Visa and Mastercard Reassessing Relationship with Wirecard after Accounting Scandal
Visa and Mastercard are reassessing whether to allow Wirecard to process payments on their networks after its huge accounting scandal, according to a Bloomberg report. Visa and Mastercard have informed several Wirecard clients that the company’s access to their payment networks may be revoked. Neither credit card firm commented directly …
Read More »Wirecard Collapsed While Leaving $4 Billion Debt
On June 25, Wirecard collapsed leaving a debt of $4 billion from creditors after revealing a widening gap in their financial statements which their auditor EY said to be the aftermath of complex global fraud. The payments firm filed for insolvency at the Munich court explaining that their $1.5 billion …
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