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Quant Network Launches New Blockchain Operating System "Overledger" - Crowdfund Insider
ICON, one of the largest blockchain projects in South Korea, announced on Wednesday it will launch the ICON TX (Transaction) Challenge, which is described as a large blockchain development contest with a total prize pool of one million ICX (ICON’s cryptocurrency), starting on June 3rd. The organization revealed: “In order to support developers around the...
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Has the SEC Slammed the Brakes on Blockchain Innovation? - Crowdfund Insider
The Securities and Exchange Commission (SEC) has talked up their innovation cred and support of Fintech for years. Under previous Chair Mary Jo White, the SEC held the very first Fintech Forum which saw both industry participants and policymakers engage with each other in collaborative discussion. Back in 2016, Valerie Szczepanik, currently the head of...
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Blockchain Asset Exchange Totle Secures $146K+ on Republic Capital Campaign - Crowdfund Insider
Totle, a crypto focused startup, just closed its Republic capital raise with $146,577, overfunding by 586%, but falling short of its ultimate $1,070,000 goal. Described as the “Kayak” of crypto, Totle provides a single API to access the leading decentralized exchanges and decentralized exchange protocols. Totle said it plans to use the funding to accelerate business development...
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FCA Announces Cross Border Tests with GFIN, Most Participants are Blockchain Focused - Crowdfund Insider
The UK Financial Conduct Authority (FCA) has announced the first cross border tests of the Global Financial Innovation Network (GFIN) – a grouping of global regulators seeking to collaborate on Fintech innovation. The FCA states they received 44 applications for the pilot. After this initial screening, GFIN members will continue working with 8 firms. The...
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Paris Shows Off Its Blockchain Ecosystem: Touts the Alignment of Government, Regulation, and Entrepreneurship - Crowdfund Insider
From April 13 to April 17, the organizers of the Paris Blockchain Week (PBW) lined up a series of events including meetups, hackathons, a PBW Conference hosted by the Ministry of Economy and Finance, and a two-day PBW Summit organized by Woorton, ChainAccelerator and Datalendt at Station F, the largest startup incubator worldwide. The Summit...
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Two Firms Forced by SEC to Drop Term "Blockchain" From ETF Product Names - Crowdfund Insider
The recent proliferation of themed ETF offerings- up five-fold 2014 to 2018- is leading to careful scrutiny of product names by the SEC, Bloomberg reports, and at least two firms, Amplify and Reality Shares, appear to have been required to drop the term “blockchain” from filings and product representations altogether. Amplify’s fund has nonetheless continued...
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First: London Stock Exchange Issues Shares in 20/30 as Blockchain based Security Tokens - Crowdfund Insider
The London Stock Exchange (LSE) has issued its first securities based on blockchain technology. The LSE is one of the largest regulated exchanges in the world and the second largest by volume operating in Europe (Euronext is first). A report in the Telegraph said that Fintech 20/30 has issued around £3 million in tokenized equity....
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Gavel Court Legal Trial Law rawpixel unsplash
Vanbex, a blockchain based firm based in Vancouver, has posted a statement defending itself regarding allegations made by the British Columbia Director of Civil Forfeiture and covered in the media. The original report, covered by the Vancouver Sun, revealed strong statements alleging a “$30-million cryptocurrency scam.” Vanbex, formerly doing business as Etherparty, was co-founded by...
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World Bank Conference Speakers: Blockchain No "Magic Bullet" - Crowdfund Insider
Two speakers at this year’s World Bank Land and Poverty Conference in Washington DC have cautioned that blockchain technology’s true potential for land registry should not be overstated, Reuters reports. Tim Robustelli of New America, a “think and action tank” consisting of a “research institute, technology lab, solutions network, media hub and public forum,” told...
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Bank of America Has the Most Blockchain Patents, But its Chief Tech Officer is a Skeptic - Crowdfund Insider
Bank of America has obtained more patents for “blockchain technology” than any other finance institution, but the company’s tech and operations chief, Cathy Bessant told CNBC she’s underwhelmed by blockchain’s prospects: “What I am is open-minded…In my private scoreboard, in the closet, I am bearish.” Bank of America reportedly holds or has applied for 82...
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