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Major Swiss Stock Exchange SIX Developing Stablecoin Pegged to the Franc

Financial service provider SIX is developing a stablecoin pegged to the Swiss franc, a company spokesman confirmed to Cointelegraph on May 23.The company is also planning to launch a blockchain-powered exchange for digital tokens in the second half of 2019, but the spokesman said he was currently not at liberty to discuss

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Some Major Coins Still Making Gains, Others Trade Sideways as Oil Reports Mixed Signals

Tuesday, May 14 —  Yesterday’s rally in cryptocurrency markets has slowed, with the top 20 coins by market capitalization reporting mixed signals, according to Coin360.Market visualization from Coin360After breaking the $8,000 threshold yesterday, the leading cryptocurrency bitcoin (BTC) has been holding its ground, having gained 2.85% over the past

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Major Brazilian Bank Brodesco Joins R3 Corda-Powered Global Trade Finance Network

Prominent Brazlian bank, Banco Bradesco, has become the latest institution to join R3’s Marco Polo blockchain network for trade finance, according to a press release shared with Cointelegraph on May 14.Banco Bradesco is among Brazil’s leading banks, with total assets worth $338.2 billion and a market capitalization of $49.1

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Flexa Launches App Where Shoppers Can Spend Crypto at 15 Major US Retailers

Payments startup Flexa unveiled an app where consumers can spend cryptocurrencies at major American retailers. The app was unveiled during the first day of the Consensus conference in New York City on May 13.Tyler Spalding, the company’s co-founder, announced to attendees that Spedn is already live — and an accompanying news release

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Germany Plans Major Digital Token Regulation Effort in 2019, Says Source

Germany plans to introduce draft regulations allowing blockchain bonds as soon as this summer, local daily business news outlet Handelsblatt reported May 9.Citing Thomas Heilmann, the ruling coalition government’s dedicated blockchain correspondent, the publication revealed the new legislation has already gained mainstream momentum, with a summary paper already in

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Blockchain Firm Raises $6 Mln From Major Energy Companies, Saudi Aramco Subsidiary

American blockchain startup Data Gumbo Corp. has raised $6 million from major energy companies, including the venture wing of Saudi Arabian national petroleum and natural gas company Saudi Aramco. The news was published by energy-focused news outlet Worldoil on May 8.In a Series A equity funding round, Data Gumbo

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ConsenSys Announces Major Restructuring as Longtime Executive Kavita Gupta Steps Down

New York-based blockchain company ConsenSys is restructuring its various operations to shore up its market presence as it seeks $200 million in funding, a press release confirmed on May 6.In a move which will also see the departure of a founding executive, ConsenSys will consolidate ConsenSys Labs, accelerator Tachyon

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