Tech firm MVC Global and logistics firm Cox Logistics Group will launch a SmartHub warehouse to improve the distribution of pharmaceuticals across the Gulf region. Bahrain-based tech startup MVC Global and logistics firm Cox Logistics Group will jointly launch a so-called SmartHub logistics warehouse to improve the distribution of pharmaceuticals across the Gulf Cooperation Council.…
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Etana Custody, a firm that services Kraken with fiat funding, has reported a breach in which no user funds were impacted. Etana Custody, a custody firm that provides fiat funding services to the major cryptocurrency exchange Kraken, was reportedly breached on April 18. Despite an unauthorized party infiltrating Etana’s system, a spokesperson from the company…
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Blockchain-based cloud network Storj has announced a program to provide free storage to organizations researching COVID-19. Decentralized storage network, Storj, has launched a program providing free storage to organizations participating in COVID-19 research. The program follows widespread contributions from the crypto community toward the distributed scientific research platform, Folding@Home. Organization researching COVID-19 qualify for 2TB…
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The world has dramatically changed and traditional finance instruments such as venture capital funds have to adjust to a new reality. Shocking as it may sound, the venture capital industry is built on the idea that it doesn’t really matter if most of the companies they fund lose money or go belly-up. Could this be…
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Distributed ledger technology is being leveraged by the coupon industry to provide transparency for the digital coupon market. Coupons, typically thought of as pieces of paper used at grocery stores to redeem discounts, have gained traction throughout the years. It’s been noted that coupons were first used in the mid-1890s by Coca-Cola. Since then, the…
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WeBank is the only bank ranked in the top 10 Global Banking Patents Rankings. China-based digital bank, WeBank, rose to third place for number of Blockchain patents filed globally in 2019. Alibaba and Tencent took the first and second places respectively. According to the report published on April 24, the digital bank has climbed from…
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The Wall Street Blockchain Alliance welcomes Algorand to their team as a corporate member. The Wall Street Blockchain Alliance, or WSBA, announced on April 23 that the proof-of-stake cryptocurrency platform, Algorand, has joined their alliance as a corporate member. According to the post, Algorand is teaming up with many of the tech and finance companies…
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Cryptocurrency data firm Nomics announced an artificial intelligence system that makes seven-day cryptocurrency price predictions. Cryptocurrency data firm Nomics is applying artificial intelligence to the often chaotic world of cryptocurrency trading. In an announcement on April 23, Nomics introduced an AI system that makes seven-day cryptocurrency price predictions. The firm claims this makes it the…
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CoinMarketCap is now using an automated crypto payments system to raise invoices and receive funds. CoinMarketCap (CMC) has deployed a totally automated digital currency payments solution, from finance network Gilded. Gilded Chief Operations Officer (COO) Neal Roche told Cointelegraph the automated approach solved a lot of issues currently facing crypto invoicing and payments: “Most companies,…
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Smart contracts on the Ethereum network are up almost 3x from the previous month to nearly 2 million, while deployment costs for the network are at a low. The number of smart contracts deployed on the Ethereum network reached 1,971,632 in March, hitting a new all-time high and marking a 75% increase from the previous…
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