Thursday, February 20, 2020
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Indian IT Giant Tech Mahindra and Local Gov’t Launch Blockchain Accelerator

Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, is launching a blockchain accelerator together with the government of the southern state of Telangana. The parties hope the accelerator will become a “torch-bearer” for future accelerators nationwide, the Economic Times reported on Feb. 19.The new “T-Block Accelerator” is aimed

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MoneyGram Reveals Real-Time Remittance Tech, Based on Visa not Ripple

Remittances giant MoneyGram announced a new service allowing real-time money sending, but the solutions of its blockchain partner Ripple are not involved.MoneyGram recently announced FastSend, a new service that allows its customers to send money in real-time to a phone number via a dedicated website or mobile application. Still,

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Tech Like Blockchain Will Transform Chinese Economy, Bank Chair Says

Digital transformation is a national priority for China, and it’s being integrated into both enterprise and banks and other services industries.According to a Feb. 4 report from Economic Information Daily, chairman of Minsheng Bank Hong Qi said:“The full adoption of digital technologies such as blockchain is expected to accelerate

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MIT Develops ‘Spider’ Tech to Enable More Efficient Off-Chain Crypto Transactions

Researchers at the Massachusetts Institute of Technology (MIT) have co-developed technology that they say can help avoid congestion on off-chain cryptocurrency payments networks. The "Spider" crypto routing scheme, according to its developers – including Vibhaalakshmi Sivaraman, a graduate student at MIT's Computer Science and Artificial Intelligence Laboratory (CSAIL) – offers

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Winklevoss Patents Tout Use Case for Gemini Stablecoin Tech in Banking

The owners of the Gemini cryptocurrency exchange, the Winklevoss brothers, have won a flurry of U.S. patents for stablecoin technology they say could be issued by commercial banks. Six patents, awarded between August 2019 and January 2020 to Tyler and Cameron Winklevoss' intellectual property company, outline a system, similar to

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