Blockchain 

Blockchain Firm Ripple Fused xRapid, xVia and xCurrent into RippleNet

Ripple, the blockchain firm behind crypto asset XRP, fused three of its services into features of its RippleNet offering. Industry news outlet CryptoNews reported the change in Ripple’s product offering on Oct. 9. Little more than the names changed Per the report, a company’s spokesperson explained that now, “instead of buying xCurrent or xVia, customers will connect to RippleNet — on-premises or through the cloud — and instead of buying xRapid, clients will use On-Demand Liquidity.” The Ripple representative also said: “Other than the names of the product, very few…

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Blockchain 

Blockchain Healthcare Firm Wins US National Science Foundation Grant

New England-based blockchain firm SimplyVital Health, Inc. has received a $225,000 grant from the United States National Science Foundation (NSF) to research integration of its protocol Nexus with the Graphene protocol. The NSF awarded the grant as part of its Small Business Programs, which contributes $200 million annually to innovative startups and small businesses, according to an Oct. 10 press release from SimplyVital Health. Aiming to decrease healthcare costs SimplyVital will allocate the grant to research and development into integration of the Graphene protocol into its blockchain protocol, Nexus, which…

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Blockchain 

Crypto Debit Card Firm Cryptopay Launches UK Bank Transfers With British Pound

Crypto wallet and debit card service company Cryptopay now offers transfers with the British Pound (GBP) through the Faster Payments Scheme. Cryptopay revealed the development in a press release with Cointelegraph on Oct. 9, specifying that its United Kingdom-based users can now fund their accounts and make withdrawals with GBP, avoiding GBP to euro conversion charges. The release further explains: “Upon activation users will get their own sort code and account number, which means that the transfers will bear the account holder’s name, not Cryptopay. This is especially important as…

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Blockchain 

Diginex Becomes First Asian Firm to Join Steptoe-Led Blockchain Alliance

Hong Kong-based digital financial services startup Diginex has become the first firm in Asia to join the Blockchain Alliance led by Steptoe & Johnson law firm. Over 100 members in 19 countries Diginex — which claimed to be the “first fully-diversified blockchain player on Nasdaq” — has officially joined the Blockchain Alliance, a public-private forum of firms and organizations promoting the secure development of blockchain, the firm announced Oct. 9. Co-founded in 2015 by the Chamber of Digital Commerce and Coin Center and led by international law firm Steptoe &…

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Blockchain 

Blockchain Firm Secures $5 Million From Investment Company Cosimo

Oneiro, a blockchain solution company, secured a $5 million investment from Cosimo Ventures. Total investment of $8 million In an Oct. 3 press release, Boston-based provider of high-performance blockchain solutions Oneiro announced that it had secured a $5 million investment from Cosimo Ventures in a Series A funding round. Cosimo Ventures is an investment firm involved in sectors including blockchain, cryptocurrencies and the Internet of Things. Oneiro’s latest funding round brings the company’s total venture capital investment to $8 million. The company wrote that it plans to use those funds…

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Blockchain 

US Police Devices Firm Explores Blockchain to Fight Deepfake Videos

Leading technology manufacturer for United States law enforcement Axon Enterprise Inc. is exploring new data tracking technologies, including blockchain, for its body cameras. Verifying police footage The impetus behind Axon’s interest in emerging technologies is public and government concerns about “deepfake” videos, Reuters reported on Oct. 3. Deepfake videos are produced using a particular type of artificial intelligence (AI) making them look and sound like the real thing.  This technology causes a great apprehension that bad actors can easily manipulate videos to discredit an individual. This is obviously of major…

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Bitcoin 

Investment Firm Files Prospectus for New BTC Futures Fund With US SEC

Investment management company Stone Ridge is trying to register a new Bitcoin (BTC) futures offering with the United States Securities and Exchange Commission (SEC). The new fund is called NYDIG Bitcoin Strategy Fund and describes itself as “a non-diversified, closed-end management investment company that continuously offers its shares,” with an investment objective to achieve capital appreciation by investing in BTC futures contracts, according to an Oct. 2 filing. Cash-settled BTC futures only Detailing its investment strategy, the company noted that the fund will only invest in cash-settled BTC futures traded…

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Blockchain 

Samsung-Backed Blockchain Firm Launches in UAE After Securing $16M

Blocko, a South Korean blockchain provider, launched in the United Arab Emirates after securing $16 million in funding. Building full-scale enterprise blockchain solutions On Oct. 2, Middle Eastern business publication Arabian Business reported that Blocko has partnered with SEED Group, a member of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum in the UAE.  Before launching in the UAE, Blocko raised a total of $16 million through two separate funding rounds. South Korea’s oldest bank, Shinhan Bank, as well as KEB Hana Bank, LB Investment and Dadam Investment…

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Blockchain 

Blockchain Firm Helps Congo Mine to Fight Against Blood Diamonds

Berlin-based blockchain company, RCS Global delivers mine-to-market technology solutions to help fight against conflict minerals in the Democratic Republic of Congo. Not part of a blood-stained supply chain On Oct.1 Reuters reported that government officials in the Societe Miniere de Bisunzu’s (SMB) mine in Congo are using blockchain technology to assure its clients that the minerals they purchase are not part of a blood-stained supply chain. RCS Global started implementing its blockchain technology solutions at the beginning of 2019 that lets the SMB mine officials digitally tag its minerals. RCS…

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Blockchain 

SEC Reaches $24 Million Settlement With EOS Parent Firm Block.one

The United States Securities and Exchange Commission (SEC) has reached a settlement with Block.one to pay $24 million in penalties for conducting an unregistered initial coin offering (ICO). On Sept. 30, the SEC announced in a press release that it has settled the charges against the firm behind the EOS network and corresponding token in the form of a civil monetary penalty. Block.one settled the charges without admitting or denying the findings. According to the press release, Block.one’s ICO of 900 million tokens “began shortly before the SEC released the…

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