Bitcoin 

US Regulator Joins Canada in Fining Blockchain Firm CEO for Securities Act Violation

Blockchain entrepreneur Alex Tapscott has been fined $25,000 by the United States Securities and Exchange Commission (SEC,) according to a filing on May 14. Tapscott is the CEO of NextBlock Global, and in the filing, the SEC said neither the Canadian company nor its securities had ever been registered with the commission. The 33-year-old and his company have also been ordered to cease and desist from committing further violations of the Securities Act. According to the SEC, NextBlock was founded by Tapscott and three others in June 2017 for the purpose of investing…

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Blockchain 

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 billion, the press release states. The Marco Polo network implements R3’s Corda enterprise blockchain technology together with a distributed trade finance platform from TradeIX. It is designed to provide greater cost and time efficiencies — as well as transparency —…

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Blockchain 

Major Austrian Bank Raiffeisen Joins R3 Corda-Powered Global Trade Finance Network

Austria’s Raiffeisen Bank International (RBI) has announced it will pilot R3’s Marco Polo blockchain network for trade finance, according to a press release shared with Cointelegraph on May 8. As previously reported, Marco Polo — which is powered by R3’s Corda enterprise blockchain platform — counts major international banks such as BNP Paribas, ING and Sumitomo Mitsui Banking Corporation as members. Other prominent bank members include Standard Chartered Bank and NatWest, according to today’s press release. RBI has reportedly been eyeing expansion in the Central and Eastern Europe market, after…

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Blockchain 

Former Worldpay US Executive Joins Crypto Payments Firm BitPay as Its New CFO

Major cryptocurrency payment services provider BitPay has onboarded former Worldpay U.S. executive Glen Braganza as its Chief Financial Officer (CFO), according to a press release published on May 7. Having more than 15 years experience in private equity and public markets, Braganza joined BitPay to “help support the business through its next phase as the company grows into a global financial organization.” While the release does not reveal what exactly Braganza will be engaged in, Stephen Pair, CEO and co-founder of BitPay, said that “Glen’s experience is a key advantage…

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Blockchain 

Ant Financial Joins $10 Mln Series A, Partners With ZKP Blockchain Privacy Solutions Firm

Ant Financial, the financial affiliate of Chinese e-commerce giant Alibaba, has participated in a  $10 million Series A round for QEDIT, an Israeli blockchain privacy solutions firm that develops zero-knowledge proof (ZKP) technology. The news was reported by Israeli daily business newspaper Calcalist on May 7. The Series A was reportedly led by MizMaa Ventures, and its closing was announced alongside partnerships with Ant Financial, major software firm VMWare and RGAX, a subsidiary of Reinsurance Group of America. Both latter firms also participated in the financing round, alongside Meron Capital,…

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Blockchain 

Samsung Joins Corporate Giants Reportedly Eyeing Bespoke Crypto

Samsung is another big-name company to consider issuing its own cryptocurrency. Similar stories have already emanated from the likes of Facebook and JPMorgan Chase, with analysts speculating on various use cases for these cryptocurrency tokens. While not yet confirmed officially, a “Samsung Coin” could find application as a payment means on the company’s app store and traded on cryptocurrency exchanges. The company has revealed that its flagship Galaxy S10 smartphone will have a built-in cryptocurrency wallet. With these mega-corporations delving into the blockchain scene, it is perhaps important to see…

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Blockchain 

Japan’s 3rd Largest Bank by Assets Joins R3 Marco Polo Blockchain Network

Major Japanese bank, Sumitomo Mitsui Banking Corporation (SMBC), will leverage R3’s Marco Polo blockchain network for trade finance, local cryptocurrency news outlet CoinDesk Japan reported on April 25. SMBC, which is Japan’s third-largest bank by assets, plans to roll out blockchain services in the second half of 2019. Other currency members of Marco Polo, which is powered by R3’s Corda enterprise blockchain platform, include banks such as BNP Paribas and ING. The product successfully conducted its first trade finance operations in March, an operation involving two German firms and local…

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Bitcoin 

Former Paypal, Google Engineering Exec Joins Bakkt as Chief Product Officer

A former engineering executive at PayPal and Google will join the team behind the institutional digital asset platform Bakkt, the firm’s CEO Kelly Loeffler announced in a blog post on Medium on April 11. With over 25 years of experience in digital payments, engineering, strategy and operations, Mike Blandina has joined Bakkt as its chief product officer (CPO). As the new CPO of Bakkt, Blandina will lead the firm’s efforts to converge a trusted ecosystem for digital assets with payments use cases in order to help Bakkt bring real applications…

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Blockchain 

Hershey Chocolate Company Joins Blockchain Advertising Consortium

Blockchain-based consortium AdLedger has on-boarded The Hershey Company, a leading American chocolate production company, media outlet AdWeek reported on March 26. Hershey, along with French media group Publicis Media and The Global Audience Based Buying Conference & Consultancy (GABBCON), has reportedly joined AdLedger. AdLedger was founded by IBM, Tegna and blockchain company MadHive in 2018, and is a nonprofit consortium that develops shared ledger technologies for the digital advertising market. Apart from advertising, Hershey’s deployment of blockchain technology could be expanded to the operation of chocolate factories, facilitating tracing of…

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