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BNP Paribas Venture Arm Among Investors to Inject $16.5M in Fintech Firm Token

Fintech firm Token has received a $16.5 million injection from investors including the venture arm of banking giant BNP Paribas, a news release announced on June 18.The self-described open banking platform says it will use the capital to further develop its TokenOSTM operating system — and “accelerate new ways of innovating payments

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Blockchain-Based Arm of Live Planet Acquires Former 20th Century Fox CTO

The former chief technology officer at 20th Century Fox Film Corporation, Hanno Basse, has joined Live Planet as the president of its Decentralized Media Solutions division, according to a press release on June 11.According to the report, Basse is expected to work on the division’s blockchain-based video infrastructure platform,

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Corona, Budweiser Owner’s Investment Arm Backs Blockchain ID Startup

United States-based blockchain identity startup BanQu announced that it closed an extension of its series A funding round led by multinational drinks and brewing company Anheuser-Busch InBev’s investment arm. The development was announced in a post on June 6.Per the announcement, the undisclosed amount of funds have been raised

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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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