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New York-regulated crypto startup Paxos, in conjunction with Credit Suisse and Nomura-owned broker-dealer Instinet, has claimed bragging rights for the first live blockchain-based settlement of U.S. equities. Announced Wednesday, the Paxos Settlement Service has gone live, allowing for the simultaneous exchange of cash and a select number of U.S.-listed securities on
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Paystand, a platform using blockchain tech to automate commercial payments, has raised $20 million in Series B funding. Backing the round are a number of VC firms including DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures and Wildcat Ventures. Existing investors Leap Global Partners and BlueRun Ventures also took part.Paystand
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Clear, the provider of a settlement system that uses blockchain to facilitate cross-border B2B trading, has finalized a $13 million Series A investment round. The Singapore-based startup said Wednesday the round had been led by Fidelity's investment arm, Eight Roads (formerly Fidelity Ventures). The venture subsidiaries of telecommunications companies Telefonica,
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Video-centric social media app Vid announced its upcoming launch on iOS and Android. Established in January 2017, Vida allows users to control their data and monetize their memories using AI and blockchain technology which enables its users to create privacy-protected video content while allowing users to monetize content and retain 100
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The new platform forms part of a wider plan to incorporate artificial intelligence technologies into 100% of all health servicesThe UAE’s Ministry of Health and Prevention (MoHAP) has teamed up with the Ministry of Presidential Affairs, Dubai Healthcare City and a number of other entities to launch a blockchain-based digital
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The National Bank of Cambodia (NBC) is readying a central bank digital currency (CBDC) to be launched at some point during the current fiscal quarter. Chea Serey, NBC's director-general, told the Phnom Penh Post this week the central bank was developing "the national payment gateway for Cambodia" as a blockchain-based,
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Asiff Hirji, the former president and chief operating officer of Coinbase, is the new president of Figure Technologies, the blockchain-based lending firm backed by Morgan Creek Digital.Figure announced Hirji's addition Wednesday, saying the longtime financial executive will oversee the company's growth. Figure CEO Mike Cagney said in a statement that
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The National Bank of Cambodia (NBC) is to launch a Blockchain-based, peer-to-peer payment and money transfer platform in the next few months, according to the NBC Director-General Chea Serey yesterday. Also known as a Central Bank Digital Currency (CBDC) or some might even coin it a national cryptocurrency.“We are very
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The IBM Sterling supply chain platform will now feature additional integrations developed by Salesforce, Publicis Sapient, IBM Services and others, a Jan. 13 press release reads. The additions will allow the blockchain and AI-based suite to quickly solve returns and cross-channel logistics challenges.IBM Services and Bluewolf are jointly developing
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Australia-based blockchain energy firm Power Ledger has purchased a 250 kilowatt (kW) photovoltaic system that will utilize a blockchain-based data management and settlement system.Per a press release shared with CryptoX on Jan. 13, Power Ledger purchased the system from Perdaman Advanced Energy, an Australian firm that provides clean energy
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