Hedge Fund Billionaire Stephen Cohen Backs Crypto-Focused Venture

  Hedge fund billionaire Stephen Cohen, founder of Point72 Asset Management, is reportedly getting in on the crypto space by backing a cryptocurrency-focused hedge fund created by Arianna Simpson, an early cryptocurrency advocate. According to a report published by Bloomberg , citing an anonymous sources, the billionaire is going to invest in ...
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163 Hits

Korea's Lotte Global Logistics joins BiTA

Lotte Global Logistics , a logistics and shipping company headquarted in Seoul, Korea, and established in 1988, has joined the Blockchain in Transport Alliance (BiTA). Lotte is a full-service logistics provider, offering warehouse management, operating intermodal import/export terminals, performing parcel delivery, and moving freight by air, rail, ...
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144 Hits

American Express Files Patent for Blockchain-Powered Proof-of-Payment System

  Financial services giant American Express (Amex) has filed a patent for a blockchain -based proof-of-payment system, according to filing published by the U.S. Patent and Trademark Office (USPTO) Thursday, July 12. The patent's applicant is listed as American Express Travel Related Services Co., Inc., Amex's travel arm. The proposed system wo...
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209 Hits

The Question of Bitcoin’s Future

  There is a lot of uncertainty revolving around Bitcoin these days, having entered the second hundred days of the bear market. People are now beginning to question whether the technology is worth their continued investment. Bitcoin, despite the last few months, is valued higher than it was at the same time last year. Most people now in Bitcoi...
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234 Hits

Bear Market’s Little Helpers? A Guide to Crypto Futures

  This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. Since their triumphant advent in the wake of the December 2017 bull run, Bitcoin futures seem to have occupied an oddly fixed position in the minds of many cryptocur...
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224 Hits

Malta: Crypto Exchange Binance Backs Plans to Create First Decentralized, Tokenized Bank

  The world's second largest crypto exchange, Binance , is backing plans to create a blockchain -based bank with tokenized ownership, Bloomberg reports today, July 12. The future "Founders Bank" would be owned by digital token investors and be based in Malta , known for its robust and transparent crypto regulatory climate. According to Bloombe...
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193 Hits

Riyadh Municipality Partners with IBM to Develop Blockchain for Government Services

  Riyadh Municipality, Saudi Arabia , has partnered with IBM to jointly develop a strategy to streamline government services and transactions on а blockchain, news outlet ITP.net reported July 11. The move was made in accordance with an authoritative decision of the Government of Saudi Arabia to work on improving the quality of municipal servi...
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231 Hits

Philippine Special Economic Zone Grants Licenses to Three Crypto Exchanges

  The Cagayan Economic Zone Authority (CEZA) of the Philippines has issued provisional licenses to three cryptocurrency exchanges in the economic zone, the Manila Times reported July 10. CEZA expects to attract $3 million of investment following the issuance. CEZA is a state-owned corporation that controls the Cagayan Special Economic Zone and...
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211 Hits

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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212 Hits

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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183 Hits

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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222 Hits

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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217 Hits

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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233 Hits

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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253 Hits

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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263 Hits

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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219 Hits

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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275 Hits

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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197 Hits

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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138 Hits

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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207 Hits