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Prasos Secures Payment Institution License From Finnish Watchdog

Finland-based cryptocurrency firm Prasos has secured a payment institution license via the Finnish Financial Supervisory Authority (FFSA). The news comes by way of an official announcement via its crypto exchange website on July 12.According to the announcement, Prasos is now the third crypto firm in Europe to secure a payment

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LO3 Energy Secures Investment from Global Energy Giants Shell and Sumitomo

Startups from the energy have already started studying blockchain technology and exploring the ways to utilize it to track and monitor energy products. Now, another energy startup called LO3 Energy flashed into the blockchain news as two global corporate giants, Shell Ventures and Sumitomo Corporation Group, invested in the company

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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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Compliant Token Startup Standard Tokenization Protocol Secures $7 Million in Funding

Compliant tokenization startup Standard Tokenization Protocol (STP) announced that it secured $7 million in funding in a press release shared with Cointelegraph on May 29.Per the release, STP raised the funds in two separate private funding rounds from multiple venture capitalists by selling its STPT token, with $5 million

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Ryan Kavanaugh’s Media Firm Secures $100 Million Investment for Crypto Project

United States-based film producer Ryan Kavanaugh’s Proxima Media has unveiled a $100 million investment for a cryptocurrency-based film funding tool, entertainment industry news outlet TheWrap reported on May 23.Per the report, Proxima Media — which Kavanaugh founded and owns — announced plans for a new crypto-enabled financing tool for

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BitOasis Secures Preliminary Approval With UAE Financial Regulator

United Arab Emirates-based cryptocurrency exchange BitOasis has reportedly secured preliminary approval with financial regulators, Bloomberg reported on May 13.Founded in 2015, BitOasis claims to be the Middle East's first digital currency wallet that uses multi-signature technology. The company previously announced that it was seeking to be fully licensed in

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Morgan Creek-Backed DLT Equity Loan Platform Figure Secures $1 Billion Financing Facility

Morgan Creek-backed blockchain equity loan platform Figure has completed a $1 billion “uncommitted” financing facility via blockchain, the firm announced in a press release on May 9.Custodied on Figure’s blockchain platform Provenance.io, the new facility was closed along with major global investment banking firm Jefferies and multi-billion dollar financial

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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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Ripple (XRP) Partner Secures a Digital Remittance License, Price Bounce off 34 Cents

Ripple (XRP) prices back to green, stable above 34 centsMoneyMatch, a Ripple partner, based in Malaysia now has a remittance licenseMalaysia’s MoneyMatch is about to graduate from the country’s regulator sandbox and now have a digital remittance license. As a Ripple partner, this is bullish. Building and partnership will eventually

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