PayPal has been getting up to speed with blockchain lately. The online payments giant has officially made its first investment in the blockchain “world”. The company has joined the Series A funding of a blockchain-based company that helps its clients (namely financial institutions and different corporations) with managing sensitive data – all through blockchain. According…
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Aviva Ventures and Sesame Bankhall Group (SGB) have partnered to create a blockchain-based protection platform, called Acre Software. The startup is backed by £5 million in seed funding from the two companies. Acre is actually a new generation insurance and mortgage platform that has been supported by Aviva and Sesame with the goal of revolutionizing the mortgage market.…
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RIF Labs has expanded into Asia, opening two new offices in Singapore and Shanghai. Diego Gutierrez Zaldivar, CEO of RIF Labs, commented on the news: This is an extremely exciting time for the RIF Labs team. Asia has always been a key market for us, as the immense innovation in the region will be integral…
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One of the most promising blockchain startups in the United Kingdom, Trustology, has created an iPhone-controlled crypto storage platform. The application is now available to users in the UK market and can be bought in the Apple App Store. The news comes from Finance Magnates. As of now, users who download the app will be…
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Despite a volatile market for the cryptocurrencies, blockchain technologies are thriving. Europe appears to be at the forefront of blockchain investments. According to a report by IDC’ Worldwide Semiannual Blockchain Spending Guide, Europe will spend more than $800 million in blockchain-related technologies in 2019. The total spending amount will reach the staggering $3.6 billion by…
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Many know that AlibabaCoin is actually not a product of Alibaba Group China. It is a product of the Dubai-based ABBC Foundation (Alibabacoin Foundation). Upon understanding of the AlibabaCoin’s existence, the Chinese company filed a lawsuit, as the name AlibabaCoin wrongly leads to Alibaba Group. However, the lawsuit may have come out of a different…
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Blockchain has been used in multiple sectors and organizations across the world. From healthcare to the diamond industry, various elements of businesses have been disrupted by blockchain. Now, a new, giant blockchain project is coming to life - one that actually works to improve the actual interoperability between various blockchains. The blockchain is called Cosmos.…
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While many are awaiting the Bitcoin ETF, a blockchain one is going up on the the London Stock Exchange. Invesco, an investment management company, has formed a partnership with Elwood Asset Management, a digital asset investment firm to launch a blockchain ETF on the London Stock Exchange. The goal of this partnership is to improve…
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Blockchain is breaking new barriers, it seems. Saudi Arabia is now testing a blockchain pilot project for the testing of oil quality. The idea is to "track" the oil and gas industry. The announcement comes from Aramco's CTO, Mr. Ahmad Khowaiter. According to Sputnik News, Khowaiter expressed his positive outlook on the project: There are a…
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Kakao Corporation is the parent company of the messaging app "KakaoTalk", based in South Korea. The parent company just recently managed to raise the staggering amount of $90 million for its new blockchain platform called "Klaytn". According to Bloomberg and Finance Magnates, the company is looking to raise more or less the same amount of…
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