Deutsche Boerse, Commerzbank and MEAG have piloted a post-trade securities transaction via tokens. German securities marketplace Deutsche Boerse and Commerzbank have completed a joint pilot transaction settlement of post-trade securities using digital tokens and distributed ledger technology (DLT). Tokens generated from both commercial bank money and securities While the transaction also involved major German asset…
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Overstock’s venture capital arm Medici Ventures joins $31 million funding round for California-based software company in the financial industry. Overstock’s venture capital arm Medici Ventures has invested in PeerNova, a startup that develops blockchain-based solutions for financial institutions to synchronize their data across multiple systems. In an Oct. 22 news release, PeerNova reported that it had…
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Blockchain platform TBCASoft, IBM and SoftBank announced a collaboration to adopt a cross-carrier blockchain telecommunications payments platform. Blockchain platform TBCASoft, technology behemoth IBM and telecommunications conglomerate SoftBank announced on Oct. 22 a collaboration to adopt a cross-carrier telecommunications blockchain payment solution. New cross-carrier system Per the release, the partnership aims to allow carriers to use…
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Global blockchain apps to generate $19 billion in cumulative revenue over the next decade, hitting an annual market size of $7.7 billion in 2028. Energy blockchain applications are expected to see a 67% compound annual growth rate (CAGR) over the next ten years, according to new research. Annual market size to reach $7.7 billion in…
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Binance CEO Changpeng Zhao considers Russian President Vladimir Putin the most influential person in the blockchain space. Changpeng Zhao, CEO of major cryptocurrency exchange Binance, named Russian President Vladimir Putin as the most influential person in the blockchain industry. Cooperation with the Russian gov’t On Oct. 22, in an article on RBC News, Zhao, also…
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A draft bill has surfaced in U.S. Congress that claims that all managed stablecoins must be seen as investment contracts and therefore as securities. United States Congress is considering a draft bill that claims all managed stablecoins must be seen as investment contracts and therefore as securities. Libra in the United States The U.S. Representative…
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Swiss crypto broker Bitcoin Suisse has purchased a minority stake of CoinRoutes Inc., a provider of pan-exchange smart order routing and algorithmic trading software. Swiss crypto broker Bitcoin Suisse has purchased a minority stake of CoinRoutes Inc., a provider of pan-exchange smart order routing and algorithmic trading software. The investment and a new director Bitcoin…
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Crypto worth billions upon billions of dollars has been lost to fraud. But what are the most common scams, and can they be stopped? How can payment fraud be avoided? Introducing better verification measures can go a long way to protecting consumers. Amazon and eBay are often held up as good examples of how transactions…
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Mirror Worlds creator David Gelernter and 19-year Goldman Sachs veteran Rob Rosenthal team up for a new social network. A Yale professor and Goldman Sachs veteran are planning to complete a new project of a blockchain-based Facebook rival in 2020. Returning control of data to users David Gelernter, a Yale’s professor of computer science and…
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San Francisco-based blockchain startup Ripple has announced four new appointments to its global regulatory team. San Francisco-based blockchain startup Ripple has announced three new appointments to its global regulatory team and that the company will be joining the Blockchain Association. Per an Oct. 22 blog post, Ripple has onboarded four new members — Craig Phillips,…
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