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Overstock’s Blockchain Arm Receives $5 Mln From Chinese Firm Following Delays

Overstock’s blockchain subsidiary tZero has finally secured a $5 million investment from Chinese investment firm GSR Capital, Overstock announced on its latest earnings conference call on May  9.Following an investment in cash and marketable securities, Overstock evaluated tZero's worth at $1 billion, which is $500 million less than the

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South Korea State Defense Arm DAPA to Build Blockchain Platform for Military Acquisition

South Korea's Defense Acquisition Program Administration (DAPA) plans to improve the reliability of data in the arms industry by using blockchain, the agency announced in a press release on April 10.The state arms procurement agency says it is seeking to use a blockchain platform to enable the secure sharing

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Overstock to Retain Retail Arm, Support Blockchain and Crypto Ventures

The CEO of retail giant Overstock.com, Patrick Byrne, noted the potential profitability of the firm’s retail arm in its Q4 2018 earnings conference call on March 18.Byrne’s statements indicate that Overstock may not be divesting from its retail wing as soon as was previously indicated. Last year, Byrne reportedly

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Ripple’s Fundraising Arm Xpring Invests in XRP Community Developer’s Lab

Ripple’s fundraising arm Xpring has invested in XRPL Labs — a startup that develops applications for the XRP ledger, the company announced in a blog post on Feb. 13.Xpring’s director Vanessa Pestritto has announced that Wietse Wind — a long-time XRP community developer and one of the three XRPL Labs

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General Motors’ Finance Arm Joins Blockchain Data Security Initiative

United States automotive giant General Motors (GM) has become the latest member to join blockchain startup Spring Labs’ partner project to enhance data security, the company confirmed in a press release Feb. 11.GM, which has experimented with the technology before, will join the Spring Founding Industry Partners (SPIF) Program, which

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US Dept. of Defense Research Arm to Host Permissionless Blockchain Workshop

The U.S. Defense Advanced Research Projects Agency (DARPA) will host a two-day blockchain workshop in February, according to an official request for information (RFI) posted Nov. 19.DARPA, the research arm of the U.S. Department of Defense, is looking to to investigate technologies for distributed consensus during a workshop “tentatively scheduled

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CryptoKitties Developer Receives $15 Mln in Financing Round Led by Rockefeller Venture Arm

Dapper Labs, developer of the world’s most used blockchain app CryptoKitties, has received $15 million in another financing round, global news agency PR Newswire reported on Nov. 1.The new funding will help the Canada-founded Dapper Labs to expand it services on a local and global scale, as well as to

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