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Blockchains Acquires Development Firm Behind ‘The DAO’ Project

United States-based blockchain incubator and investment firm Blockchains, LLC, has acquired the German Ethereum dev team slock.it, according to a press release on June 3.Slock.it’s team is reportedly around three dozen large, and is known for its creation of the now-defunct decentralized autonomous organization (DAO) project “The DAO.” Co-founders

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Dutch Bank Rabobank Cancels Development of ‘Rabobit’ Crypto Wallet

Dutch bank Rabobank has reportedly canceled its plans to develop a cryptocurrency wallet, technology news outlet The Next Web states on May 23.As Cointelegraph reported, the bank had announced a cryptocurrency wallet service dubbed “Rabobit” as a part of the Rabobank Moonshot fintech innovation program in February last year.

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Ethereum (ETH) Foundation Publishes Blueprint for 2019 Development

The Ethereum Foundation has published its official Spring 2019 update, shedding details on the planned development for the next coming year. In particular, the report focuses on how the second largest cryptocurrency by market capitalization plans on allocating the $30 million designated for use by the Foundation in further developing

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Orchid Labs Secures $7 Mln Towards Development of Protocol to End Internet Surveillance

United States-based blockchain and software development firm Orchid Labs has raised another $7 million within its latest private offering, according to a blog post published on May 7.Following the new raise, Orchid now has secured $43 million out of targeted funding of around $125 million, as the firm specified

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