Bitcoin 

French State-Owned Bank Joins $8M Lightning Network Startup Funding

One of the developers of Bitcoin’s (BTC) Lightning Network has secured $8 million in funding from partners, including a bank partially owned by the French state. State-owned Bpifrance funds Lightning development In a press release published on Oct. 9, Bitcoin technology company ACINQ confirmed the news. This brings its total investment to $10 million. The funding came from the lead contributor Idinvest Partners, which focuses on small and medium-sized European businesses. Also involved was Bpifrance, an investment bank created by two French public entities. As such, the government has come…

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Blockchain 

Brazilian State-Owned Bank Funds Documentary via Its Own Ethereum-Based Token

A Brazilian state-owned bank is reportedly funding a documentary film through its own ether-based stablecoin, Cointelegraph Brazil reports on June 3. Brazil’s National Bank for Economic and Social Development (BNDES) will finance the production of a documentary in collaboration with local cinema producer Elo Company, whose movie “The Boy and the World” by Alê Abreu was nominated for an Oscar in 2016. According to the report, the funding for the project will be carried out through the national bank’s own cryptocurrency, BNDES token, a Brazilian real (BRL)-backed stablecoin that has…

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Blockchain 

Russian State-Owned Holding Giant Proposes to Apply DLT in All Gov’t Data Systems

Russian state-owned holding conglomerate Rostec proposed a roadmap on applying blockchain in all the governmental data systems, local financial newspaper Kommersant reports on May 24. An institution under Rostec has reportedly developed a blockchain roadmap worth up to 85 billion rubles ($1.3 billion) that claims to provide an economic impact of up to 1.6 trillion rubles ($25.4 billion) in five years. The project was presented by Rostec’s structural body, the Novosibirsk Institute of Programming Systems (NIPS), during a blockchain conference held in the Republic of Tatarstan on May 23. According…

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