Tag: Business

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Indian Crypto Exchange BuyUCoin Gets License to Go Abroad

Indian crypto exchange BuyUCoin has sealed regulatory approval from Estonia’s financial watchdog to expand its services abroad. Indian crypto exchange BuyUCoin has sealed regulatory approval from Estonia’s financial watchdog to expand its services abroad.  Speaking to Cointelegraph, the exchange’s CEO Shivam Thakral revealed that the platform had received its crypto-fiat license in late 2019, followed…
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Bitcoin Codebase Preserved for 1,000 Years in Archive Under Arctic Ice

The Bitcoin codebase is to be preserved under the Arctic ice of Svalbard for 1,000 years as part of the GitHub Archive Program. A snapshot of the Bitcoin codebase will be encoded onto film reels and stored for a thousand years under the arctic ice in Svalbard, Norway. The move is part of the GitHub…
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Huobi Wallet and Crypto Lender Cred Now Enable Users to Earn Interest

Major crypto exchange and wallet provider Huobi has partnered with decentralized crypto lending platform Cred to enable users to earn interest on their crypto holdings. Major cryptocurrency exchange and wallet provider Huobi has partnered with decentralized crypto lending platform Cred to enable users to earn interest on their holdings. An announcement on April 1 revealed…
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ConsenSys-Associated Agritech Project Covantis Officially Established

Covantis, a blockchain agritech project run by agribusiness giants like Cargill, is officially established in Geneva and appoints CEO. Covantis, a blockchain agribusiness initiative backed by major industry company ConsenSys, has taken another step towards transforming global trade and supply chain operations. Backed by global agribusiness giants like Cargill and Bunge, Covantis has been officially…
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BMW’s Blockchain Solution for Supply Chains to Roll Out in 2020

World-famous car manufacturer BMW Group plans to roll out its blockchain supply chain solution to 10 suppliers this year. World-famous car manufacturer BMW Group plans to roll out its blockchain supply chain solution to 10 suppliers this year. Dubbed “PartChain,” the platform has already been successfully tested by BMW in 2019, an official announcement on…
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Institution-Focused Crypto Trading Platform Reports 737% Revenue Increase in 2019

Hong Kong Stock Exchange-listed BC Group, the operator of institution-focused digital assets trading platform OSL, reported a 737% increase in revenue in 2019. Hong Kong Stock Exchange-listed BC Group, the operator of institution-focused digital assets trading platform OSL, reported a 737% increase in revenue in 2019. On March 31, BC Group revealed that its OSL…
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Singapore Crypto Exchange Eyes US Expansion After Registering With FinCEN

Bitget, a Singapore-headquartered digital asset platform, has obtained a license from the U.S. Financial Crimes Enforcement Network. While global cryptocurrency firms increasingly come to Singapore to benefit from its crypto-friendly ecosystem, some local firms are also expanding their operations beyond local jurisdiction. Bitget, a Singapore-headquartered digital asset platform, has obtained regulatory approval from the United…
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Bitfinex DeFi Offshoot Burns $20M Tokens in Bid to Drive DEX Adoption

DeversiFi begins aggressive deflationary model by burning $20 million of its NEC token to drive decentralized exchange adoption following recent crypto sell-off. DeversiFi, the decentralized exchange (DEX) spin-off of former Bitfinex sister exchange Ethfinex, has burned $20 million worth of its governance and utility token, Nectar (NEC). According to a statement, March 30, this is…
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China’s 2nd-Largest Courier Using Blockchain to Deliver Key Supplies Amid Pandemic

SF Express, the second-largest courier services provider in China, is exploring the use of blockchain to transport critical supplies during the COVID-19 pandemic. SF Express, the second-largest courier services provider in China, is exploring the use of blockchain to transport critical supplies during the COVID-19 pandemic. On March 30, the Global Times — an English-language…
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Santander to Extend Ripple-Powered Payments Solution to Mexico This Year

Major Spanish bank Santander is extending its Ripple-powered international payments system One Pay FX to Mexico in 2020. Major Spanish bank Santander plans to roll out its Ripple-powered international payments system One Pay FX in Mexico in 2020. In a Form 20-F filed with the United States Securities and Exchange Commission on March 6, the…
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