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Facebook Secures Support From Dozens of New Firms for Its Crypto Project

Social media platform Facebook has reportedly secured support from dozens of players in the cryptocurrency and blockchain sector for its forthcoming digital currency. The overall roster was announced by technology-focused media outlet the Block on June 14.Earlier today, news broke that Facebook has allegedly sealed backing from over a

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UK Financial Watchdog Blacklists Clones of Two Major Financial Firms

The British Financial Conduct Authority (FCA) has warned investors of a fraudulent company posing as the Swiss Investment Corporation, an FCA-authorized firm offering crypto investments, and another company that is a clone of Goldman Sachs, the regulator announced on June 14.The financial regulator has blacklisted a firm operating under

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World’s Second and Fourth Biggest Shipping Firms Join Maersk’s Blockchain Platform

Two leading global shipping firms, Mediterranean Shipping Co (MSC) and CMA CGM, have joined blockchain shipping platform TradeLens, Reuters reports on May 28.Switzerland-based MSC, the world's second-largest shipping company, and French CMA CGM, reportedly the fourth-largest container shipping firm, have joined the blockchain platform developed by the world’s largest

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Financial Regulator Authorizes 9 Fintech, Blockchain Firms for Trial Operations

The South Korean Financial Services Commission (FSC) has authorized nine fintech companies to operate in the country as part of a regulatory sandbox, English-language local media The Korea Times reported on May 2.Per the report, the regulator has named the aforementioned nine startups and companies to provide innovative services

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World Economic Forum Teams Up With 100 Logistics Firms, 20 Gov’ts in New DLT Project

The World Economic Forum (WEF) has teamed up with over 100 global supply chain and logistics leaders to standardize blockchain apps in the industry, the organization announced on May 1.The WEF, a Switzerland-based organization whose motto is commitment to “improving the state of the world,” has announced a new

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80 Firms Including MasterCard, Coinbase Spent $42 Mln Lobbying Crypto, Fintech Issues in Q1

Around 40 entities lobbied for bitcoin (BTC) and blockchain-related causes in the United States in Q1 2019, political news site Roll Call reported on April 30.Citing data from the Federal Electoral Commission, the publication stated that around half of the 80 lobbying entities included cryptocurrency-related items, with total quarterly

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UK Watchdog Allows Three Blockchain Firms to Join Regulatory Sandbox

The United Kingdom’s Financial Conduct Authority (FCA) has allowed three blockchain-based businesses to join the latest cohort of its regulatory sandbox, the organization announced on April 29.Diro Labs is one of the blockchain-driven companies accepted by the FCA for performing tests on a “short-term and small-scale basis.” According to the regulator, the

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