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Spanish stock exchange ready to test blockchain-based SME financing system

Spanish stock exchange Bolsas y Mercados Españoles, or BME is set to test its blockchain infrastructure for small- and medium-sized enterprise financing following a successful pilot run back in 2020.According to Finextra on Friday, this next set of trials by BME will involve businesses that are part of the country’s SME

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Philippine bank, fintech XLOG to offer blockchain-based logistics financing

Union Bank’s financial supply chain platform to be integrated with XLOG’s logistics platform. Union Bank of the Philippines and fintech firm XLOG have teamed up to offer the Philippines’ first blockchain-powered supply chain financing solution embedded in a logistics platform. “We are firm believers in how blockchain technology can bridge gaps in

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Yellen Calls Terrorist Financing Using Crypto a ‘Concern’

Cryptocurrencies are “a particular concern” when it comes to terrorist financing, potential Treasury Secretary Janet Yellen said Tuesday.Speaking at a Senate Finance Committee hearing on her anticipated nomination after President-elect Joe Biden takes office tomorrow, Yellen said the U.S. should be aware of emerging tools for terrorist financing.“The technologies to

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‘ASIC Financing’ Is Driving Down Bitcoin Mining Profitability

Bitcoin mining profitability is in the basement, seeing all-time lows in 2020.Conversely, Bitcoin's hashrate has surged throughout 2020, propelled in part by mining farms financing new hardware to boost their operations.Bitcoin's hashrate has taken a dip as China's wet season comes to an end, but mining professionals predict this will

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First Mover: Bitcoin Miners Find Upgrade Financing Aplenty, Even as Prices Languish

Even as bitcoin prices languish below $10,000, North American cryptocurrency mining companies are tapping into a flurry of fresh financing from investors to pay for new equipment upgrades, bolstering the blockchain network’s resilience and reducing its reliance on Chinese operators.   More than $1 billion of new bitcoin-mining computers will be purchased

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