Litecoin Foundation Partners With TokenPay to Acquire 10% Stake in German Bank

  The Litecoin ( LTC ) Foundation has acquired a 9.9 percent stake in Germany's WEG Bank AG. The deal is a result of a new strategic partnership with crypto-fiat payments firm TokenPay . The news comes from an official announcement published by TokenPay Tuesday, July 10. TokenPay has now transacted its 9.9 percent equity share of the bank to t...
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Blockchain in Telecoms Will Become $1 Billion Industry by 2023: Report

  Blockchain will contribute almost $1 billion to the telecoms sector alone within the next five years, MarketWatch reports Wednesday, July 11. a new research forecasts this week. According to a global market research store Research and Markets , blockchain technology in telecoms will explode from a $46.6 million industry in 2018 to one worth ...
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VC Firm Lightspeed Venture Partners to Invest $1.8 Bln in New Funds, Including Crypto

American venture capital firm Lightspeed Venture Partners has raised $1.8 billion, which it plans to invest in startups in various fields, including digital currency, Reuters reported July 10. Lightspeed told Reuters that $1.05 billion of the new funding will be allocated to invest in more mature companies. The firm is planning an expansion to Sout...
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Trading Opens on Huobi's New US-Based 'Strategic Partner' HBUS

Huobi crypto exchange has opened trading on its newly created U.S.-based "strategic partner" HBUS, according to a press release shared with Cointelegraph today, July 10. Huobi's new cryptocurrency marketplace comes via a San Francisco-based partner company called HBUS , whose creation was first announced in early June. As of 10 a.m. (Pacific Time) ...
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Walmart’s Latest Patent Unveils Blockchain-Based Delivery Management System

  U.S. retail giant Walmart 's latest blockchain -related patent application describes a "secure" delivery management system, according to a filing published by the U.S. Patent and Trademark Office (USPTO) July 5. The newly published application, entitled "Delivery Reservation Apparatus and Method," outlines a blockchain-based management syste...
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Hyundai Advertises Blockchain to 20 Million Viewers in World Cup Match

  A blockchain advert has been capitalising on the huge attention on the 2018 FIFA World Cup. At half-time during the England 2-0 win over Sweden, the advert by a Hyundai subsidiary proclaimed the benefits of blockchain technology to almost 20 million viewers. Hyundai Ad Showcases Blockchain A blockchain advert by Hyundai Digital Asset Company...
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CBOE Global Markets Files New Bitcoin ETF License Application With SEC

  The United States has received another application from CBOE Global Markets . Other applications have unfortunately not been approved, but a Bitcoin ETF appears to have a better change of success. Many of these rejections have occurred as a result of an unregulated market, but the SEC has recently made clarifications. These changes show that...
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World's Largest Bank Eyes Faster Asset Exchange With Blockchain

  The Industrial and Commercial Bank of China (ICBC), one of China's "Big Four" state-owned commercial banks and one of the world's largest by total assets, is seeking to patent a blockchain system for the exchange of financial assets. According to a patent application filed by the bank in January and revealed on Friday, the system envisions a...
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OmiseGo (OMG) Partners with Ethereum’s First-Ever Mobile OS, Status

  The first mobile Ethereum client, Status that has been built on peer-to-peer technologies has joined hands with the world's 20th largest cryptocurrency OmiseGo to integrate OMG's decentralized exchange within Status. Integrating OMG's DEX into Status The mobile Ethereum client, Status has partnered up with OmiseGo (OMG) as announced on its o...
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Czech Firm Reveals $100 Mln Venture Fund for Israeli Startups With ‘Emphasis’ on Blockchain

Investment banking firm Benson Oak revealed it would pump "around $100 mln" into Israel-based startups with an "emphasis" on blockchain , local Israeli news outlet the Jerusalem Post reported today, July 9. The Czech-headquartered giant's subsidiary Benson Oak Ventures will focus specifically on the Israeli market. Having already raised $25 mln, a ...
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FedEx Institute Partners With Pharmacy to Use Blockchain for Cancer Medicine Distribution

  The FedEx Institute of Technology has announced its partnership with pharmacy services company Good Shepherd Pharmacy to develop new blockchain -based infrastructure to help cancer patients get medications, news outlet Commercial Appeal reported July 6. The FedEx Institute of Technology is an organization that serves as a promoter of interdi...
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Crypto Exchange Gemini Hires Former NYSE Tech Chief

Cryptocurrency exchange Gemini has hired former New York Stock Exchange (NYSE) chief information officer Robert Cornish to serve as its first chief technology officer. The exchange, founded by investor-brothers Cameron and Tyler Winklevoss, announced Friday that Cornish would be in charge of Gemini's technology team and strategy, according to a pre...
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Central Bank of the Philippines Accredits Two New Crypto Exchanges

  The Philippine central bank , Bangko Sentral ng Pilipinas (BSP), has approved applications filed by two new cryptocurrency exchanges, news outlet Business World reported July 6. The Deputy Governor of the BSP Chuchi G. Fonacier reportedly said that Virtual Currency Philippines, Inc. and ETranss have been accredited as platforms, which allows...
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Chinese Firm Node Capital Invest 200K Ethers in US Startups

  Last month, at the Silicon Valley Blockchain Week in San Jose, Node Capital, a Chinese venture capital company, announced that they will be entering North American market with 200 thousand ETH for blockchain investments and set up their new office in San Jose, California, where the Silicon Valley is located. This is a completely new setup fo...
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Bittrex and Invest.com Partner on New Crypto Trading Platform

  Bittrex, a U.S.-based cryptocurrency exchange platform, and invest.com, a fintech startup based in London, are set to launch a new EU-focused crypto trading platform. The collaboration, announced Thursday, aims to provide cryptocurrency investors with "the ultimate platform to trade cryptocurrency in a safe and secure environment," according...
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Recent Insights Reveal Nearly 6 Million Bitcoin (BTC) Are Lost or Stolen

Jameson Loop, a former lead engineer at BitGo and CasaHODL, has recently made an interesting claim on the Building on Bitcoin conference which has happened this week. According to him, 4 million BTC is lost forever and 2 million BTC is stolen. This means that 6 million BTC of the total supply will be permanently lost forever. In case you do not kno...
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Waltonchain (WTC) Unveils World’s First Blockchain-Based Clothing Authenticity Traceability System

  Waltonchian (WTC) –It is no gainsaying that blockchain technology is proffering solutions to many of the problems bedeviling the world, be it in the industry or at home. As different sectors continue to receive helping hands from blockchain technology, the least expected sector, which is the apparel industry, is being disrupted by this techn...
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IBM Wins $740M Contract for Blockchain, Tech Services to Australian Govt

IBM will implement blockchain and automation technologies in Australian government agencies under a $740 million contract. US tech giant IBM has signed a A$1 billion ($740 million) agreement with the Australian government to provide blockchain related technological support over the next five years. Harriet Green, head of IBM Asia Pacific, told Bloo...
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Swiss Banks Set to Welcome Cryptocurrencies

Businesses in Switzerland are urging the Swiss Government to permit the banks in their country to welcome the option of the crypto transaction system. Switzerland's Zug is already famous for being known as the crypto valley and the country is continuously striving towards developments in the crypto domain. Crypto and Swiss Banks If cryptocurrency i...
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Bermuda Amends Law to Create Banks That Will Serve Blockchain Companies

  For years, blockchain and crypto companies have struggled to access banking services, even a decade after Bitcoin was invented. While cryptos have become especially popular in the last two years, the situation hasn't changed much around the world. Crypto and blockchain companies have had to turn to banks in smaller countries which have been ...
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