UPS partners with blockchain startup for B2B platform

UPS, a global leader in logistics, announced a partnership with Inxeption that targets B2B merchants. The two companies partnered to launch Inxeption Zippy, a blockchain-based platform that aims to streamline transactions and logistics for businesses. On their press release, the two firms stated that each will bring a wealth of experience from their respective fields. Inxeption is…

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Shanghai Launches Smart City Program with MXC Blockchain Startup

China has a strong record of spearheading technological innovation, and it appears to be continuing the trend with its interest in blockchain and IoT supported Smart Cities. Recent developments indicate that the government of Yangpu – a district in the major Chinese city of Shanghai, has initiated an agreement with the MXC Foundation to drive…

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A crypto mining startup wanting to challenge the big guns appears to be just a scam

A new company emerged recently, promising to revolutionize cryptocurrency mining. OnMiners, based in Luxembourg, touted a new generation of mining rigs that use endothermic chips to lower energy consumption and lower mining costs. Chips capable of helping mining operations would be welcome by virtually the entire community if they were cost-effective and efficient, but it…

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Blockchain AI Startup SingularityNET Partners with China’s Insurance Giant Ping An

SingularityNET, a startup developing a decentralized artificial intelligence (AI) network, has announced a partnership with Ping An, the world’s largest and most valuable insurer and one of the biggest investment and asset management companies. The partnership will begin with a focus on three main areas: optical character recognition (OCR), cross validation (CV), and model training,…

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Dutch startup Finturi raises €2 million for blockchain and AI platform

Finturi has raised €2 million ($2.26 million) to develop its blockchain and AI platform. Based in The Hague, Netherlands, the startup is just one of the hundreds that have sprung up in the country utilizing blockchain technology to revolutionize business operations. Finturi applies blockchain technology to help businesses access financing against their invoices. It also uses…

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Coinbase Is In The Middle Of A Massive Controversy, Kraken CEO Believes – Ripple's XRP And The Neutrino Startup Are Involved

Coinbase finds itself in the middle of a controversy, and you might guess the reason. It’s all about listing Ripple’s XRP. More than that, it also involves the acquisition of a blockchain analytics startup called Neutrino. Both these moves seem to have had a massive impact on the crypto exchange platform. Founder of the leading…

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Digital banking startup Revolut denies money laundering claims

U.K digital banking startup Revolut has refuted claims that it abandoned its anti-money laundering (AML) protocols and possibly processed illegal payments. The London-based startup has been on the spotlight following a report that implicated it in a money laundering scheme. According to a report by The Telegraph, the firm turned off its AML protocols for…

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Central Bank of the Bahamas Selects Blockchain Startup NZIA for Digital Currency Project

The Central Bank of the Bahamas has selected NZIA Limited as the technology solutions provider for its Project Sand Dollar, a project aimed at developing a blockchain-based central bank digital currency. NZIA will be responsible of designing and implementing the digital fiat currency system for the Bahamas, the central bank said on March 1, 2019….

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Scam alert! $20 million Chinese crypto startup faking its team

A Chinese crypto startup has been discovered to be using false information regarding its founders. The startup, known as BHB, has been using the photos of two university professors without their knowledge or consent. According to an investigation by CoinDesk, the two professors had no idea that the project even existed. BHB has been in…

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New York Startup Raises $6.5 Million to Store Crypto For Institutions: Clear Rise in Demand

A New York-headquartered cryptography pioneer has raised $6.5 million in order to create a new institutional standard for crypto asset security. In an industry first, the firm has unveiled an Institutional Digital Asset Wallet Service aimed at the bigger financial players that need more security and autonomy over their crypto assets. Ahead of The Curv on…

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IOTA Foundation announces startup fund

The IOTA Foundation, which is a non-profit foundation focused on distributed ledger technology (DLT) and permission-less ecosystem development, today announced a partnership with Liverpool-based cofoundery, Nova. Under this collaboration, the two companies will work together to increase the number of successful start-ups utilizing the next generation of distributed ledger technology. The programme will enable aspiring…

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Ripple partner and startup raises a whopping $1.7 million in funding to improve cross-border payments

SendFriend, a partner of Ripple and a startup that focuses on improving cross-border payments has received a whopping $1.7 million in funding during its first round of investment. The next-generation remittance company focuses on the smartest way to send money to the Philippines which will help overseas Filipino workers to securely transfer USD to PHP…

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Blockchain Startup Axoni Secures $4M USD Investment From HSBC

Banking giant HSBC has invested $4 million in New York-based blockchain startup Axoni. The investment is part of Axoni’s Series B funding round, bringing the total amount raised in the round to $36 million. Other investors include Goldman Sachs, NYCA Partners, Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, JP…

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Digital Bank Revolut Surpasses 3 Million Customers

U.K. startup Revolut has announced that its customer base has surpassed three million users. The fintech platform, which has quickly become a viable online alternative to traditional banking, was established in 2015. It currently offers payment and exchange services for a growing number of fiat currencies and cryptocurrencies. Also read: Huobi Opens in Russia, Plans…

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Paul Scholes and Andriy Shevchenko Partner With Blockchain Startup

Blockchain startup headquartered in Hong Kong, Soccer Legends Limited has recently partnered with two football stars to help promote their platform to try and bridge the divide between players and fans. The company is trying to solve the lack of spontaneity and unnecessary complications of modern soccer. This very problem has been complained about by…

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BABB Names Gaurav Rana as its new Chief Technology Officer

BABB, a blockchain-based banking startup, has added a new member to its leadership team with the company announcing today that it has hired Gaurav Rana as its new Chief Technology Officer. Rana takes the reigns just before the firm is due to launch its mobile app to beta testers in autumn. As a result, he…

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Former Intel Executive Dr. Jackson He Joins Blockchain Startup Skynet

Co-founder and CEO of YingZi Technology and former Intel executive has been announced as an advisor to the futuristic Internet of Things (IoT) blockchain chip startup, Skynet. Dr. Jackson He is famed for his role at Intel which spanned 23 years at an executive level before founding and running YingZi Technology Ltd, a blockchain and…

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Blockchain Journalism Startup Cancels Token Sale

Blockchain journalism startup Civil has announced it will issue refunds to investors who participated in its token sale, as it failed to hit the $8 million minimum that it set out to raise. Civil is a blockchain-based economy that involves the direct, peer-to-peer exchange of value between journalists who report articles, make videos, record podcasts,…

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French Startup Invents a Heater That Mines Cryptocurrencies

The French startup Qarnot has created an electric stove designed specifically to mine cryptocurrencies. The “crypto heater,” known as QC-1, uses the heat generated by computers to heat the office or home. Heat continues to be a challenge when it comes to mining, and this device takes that problem in their favor. The website of…

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Former Trump Adviser, Gary Cohn, just made his Next Career Move to a Blockchain Startup

Cohn, who left the Trump administration in March, said he has always had interest in the blockchain. This prompted him to link up with Fintech blockchain start-up, as was disclosed by the company in a press release on Friday. Spring Labs, a  venture capital supported start-up, which has offices in Los Angeles and Chicago, is…

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