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The trading parties collected the collateral at the start of the transaction and locked the same in an account at an independent custodian, which was controlled by all three parties to mitigate the counterparty risk stemming from the absence of a clearing house. All exchange-traded derivatives and most over-the-counter derivatives
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A digital bank guarantee has just been executed over a blockchain system in Australia, in what’s being called a first for a commercial bank product in the nation.Lygon, a blockchain-based platform and joint venture between the ANZ, Westpac and Commonwealth banks, shopping center operator Scentre Group and IBM, announced the
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A $6 million seed funding round led by Gerard Lopez, founder and CEO of several prominent start-up ventures and tech security companies, an early investor in
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Privacy-focused altcoin, Beam (BEAM), will soon execute its second hard fork. This fork will upgrade its Proof-of-Work (PoW) algorithm and activate new network features.According to an April 22 blog post, Beam’s second fork will occur at block 777,777, shifting the network’s PoW algorithm from BeamHash II to BeamHash III.The new
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Intercontinental Exchange (ICE), the governing body behind the New York Stock Exchange, has executed the first block trade of Bakkt Bitcoin (BTC) futures contracts.ICE revealed the development in an Oct. 4 press release, specifying that the first Bakkt Bitcoin Futures block trade was executed between digital assets merchant bank
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