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Barclays Pursues Blockchain Patents to Create Digital Currency Network

Barclays, the UK’s biggest bank, has applied for three U.S. patents that collectively outline a system that uses blockchain technology to combine the pseudonymity of cryptocurrency with the legacy financial system and its KYC/AML regime. The London-based bank first applied for the three patents in July 2016, though they were only published by the U.S. Patent & Trademark Office (USPTO) ...

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Crypto Exchange Binance Backs Plans to Create First Decentralized, Tokenized Bank

The world’s second largest crypto exchange, Binance, is backing plans to create a blockchain-based bank with tokenized ownership, Bloomberg reports today, July 12. The future “Founders Bank” would be owned by digital token investors and be based in Malta, known for its robust and transparent crypto regulatory climate. According to Bloomberg, Binance has already invested in a 5 percent stake, ...

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Bermuda Amends Law to Create Banks That Will Serve Blockchain Companies

For years, blockchain and crypto companies have struggled to access banking services, even a decade after Bitcoin was invented. While cryptos have become especially popular in the last two years, the situation hasn’t changed much around the world. Crypto and blockchain companies have had to turn to banks in smaller countries which have been more welcoming. Countries such as Malta, ...

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Bermuda to Create New Class of Bank for Serving Fintech and Blockchain Companies

The Government of Bermuda has announced plans to make amendments to the Banking Act in order to establish a new class of bank to render services to local fintech and blockchain organizations, Finextra reported July 2. Since local banks have reportedly declined to provide banking services to the new type of companies, being concerned about regulatory issues and potential risks, ...

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Major VR Platform Raises $35 Million to Create Virtual World on EOS

Virtual reality platform High Fidelity believes that by using blockchain technology they can reach an audience of a billion people and have just raised $35 million in fresh revenue to do so. $35 Million Raised to Create New Virtual World The series D fundraising round was led by a $2o million investment by Mike Novogratz’s Galaxy EOS Ecosystem Fund and also included existing ...

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Dapp.com Set to Create a Trend Towards Decentralized Application Environment

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. San ...

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Dapp.com Set To Create a Trend Towards Decentralized Application Environment

San Francisco, June 26, 2018 — Dapp.com has been launched with the intent of creating new opportunities for developers of Dapp (Decentralized Applications) and blockchain enthusiasts. They aim to create a new scope for technology exploration, project reviews, and play around with upcoming technologies. Kyle Lu, the founder and CEO of Dapp.com, was a former Partner and VP at Achain, an Asia-based blockchain ...

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Florida to Create Position of Crypto Chief to Oversee Industry

Florida Chief Financial Officer (CFO) Jimmy Patronis has released plans to create a new position of cryptocurrency chief to oversee the industry in the state, according to an announcement published June 26. Patronis, who also serves as State Fire Marshal and supervises the Department of Financial Services, ordered his office to create a position that will manage the application of ...

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