Engineers are Leaving Silicon Valley Firms to Crypto; Sign of Demand

In recent months, an increasing number of engineers and developers announced that they are leaving established Silicon Valley tech companies in search for new opportunities in the world of blockchain and crypto. Firms like Facebook, Apple, Google, Netflix, and Amazon are all viewed as target companies for most engineers. However, even these giants are rapidly…

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Ripple’s xRapid goes live with partnering with three firms

Ripple signs up payments firms to start xRapid Ripple’s latest announcement on Monday, October 01, 2018 states the xRapid is now commercially available. The news rolled out when Ripple CEO Brad Garlinghouse named three firms that deploy its new product. Accordingly, Cuallix and Mercury FX, the payment service providers and Catalyst Corporate Federal credit union,…

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New Fund to Aid Partnership between Singaporean and Chinese firms in Blockchain and Media Technology

Businesses in Singapore and Chongqing, China, operating in the info-communications and media (ICM) space are set to receive a boost with the announcement of a new fund to aid collaboration.  MOU on Third-party Market Collaboration For projects to be mutually developed and implemented in either country; the China-Singapore ICM Joint Innovation Development Fund, has been…

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Mining Firms Building Electrical Grids to Circumvent Government Apprehensions | BTCMANAGER

Due to substantial energy demand, cryptocurrency mining businesses face scrutiny from both government bodies and utility departments. However, a Canadian mining venture is taking a unique path to prevent such backlash – by constructing its own electrical grid – as per reports on August 1, 2018. Building the Spades and Mining the Gold According to…

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ICO Research Firms in South Korea Are Gaining Popularity | BTCMANAGER

The rising threat of frauds and blatant exit-scams from ICO firms and token issuers is set to slow down in the months to come, as several cryptocurrency-centric security firms have set up shop to fight against the nuisance, reported Business Korea on July 30, 2018. Cryptocurrency Trading Sector Analysts from the private equity and security…

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FINMA Seeks to Stem Exodus of Swiss Cryptocurrency Firms

The Swiss Financial Market Supervisory Authority (FINMA) has met with representatives of the country’s banking sector in the hopes of stemming a nascent exodus among cryptocurrency companies from Switzerland. The companies’ departures have been attributed to two Swiss banks’ decisions to no longer provide financial services to businesses dealing with virtual currencies. Also Read: India Exchange…

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SolarisBank Extends its Retail Banking Services to Cryptocurrency Firms

The new service will be known as Blockchain Factory. It is a way for cryptocurrency and blockchain firms to create personalized retail banking experiences. As such, companies can have access to a more tailored financial experience, rather than features they may not need or which are not suitable for their businesses. Moreover, this approach will…

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UK’s FCA Actively Probing Two Dozen Cryptocurrency Firms

Despite the growing interest in cryptocurrency, not all ventures should be trusted by default. In the United Kingdom, an active investigation into two dozen cryptocurrency firms has been launched by the Financial Conduct Authority. Although this doesn’t mean any of these firms have done something illegal, it will be interesting to see what the investigation…

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Are These Financial Firms About To Enter The Crypto Market

The relationship between finance firms and the cryptocurrency market is often a frosty one, but is this all about to change? According to an industry poll that was conducted by Thomson Reuters, 20% of financial firms say that they are ready to get involved in the crypto market, and experts believe that this could just…

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Blockchain Platform Ontology Joins Forces with Highly Reputable Firms to Serve Clients Better

The Ontology decentralized public multi-chain platform has announced its strategic partnership deals with Tembusu Partners, Accomplice, Hashed and Onchain, in a bid to take its blockchain project to the next level. The Ontology team has hinted that the partnership will enable them to create more blockchain-based applications, incubate startups, build a new generation of highly…

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Australian Firms Sign Landmark Blockchain Deal

Australia’s Hunter Energy has signed a deal with IOT Group that could help resolve the country’s electricity problem. The agreement seeks to build a blockchain center inside the Redbank coal-fired power station. This blockchain center will provide cheap electricity for blockchain applications. Details of the Deal The deal will give Australia direct access to wholesale…

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Venture Capital Firms Pull Back From Fintech Investment, Recent Report Shows

Equity funding in capital markets fintech was “down 52% in 2017,” a White Paper by the Boston Consulting Group (BCG) concluded March 16. In 2017 fintech ventures secured $570 mln funding in the capital markets ecosystem, compared with $1.18 bln and $1.19 bln in 2015 and 2016 respectively. BCG’s dataset covered 903 companies. BCG isolated…

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Unibright has Signed New Strategic Partnership Deals with Reputable Firms in the Blockchain Industry

In a bid to make its blockchain integration framework a huge success, Unibright has inked two strategic partnerships with firms the tech ecosystem. Unibright has now joined forces with the Zuhlke Engineering team and Chainium, in a bit to take its services to the next level. Zuhlke and Chainium are tech firms that know their…

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