Moscow Blockchain Cluster Needs Intellectual Property Mechanism, Says Expert

The Moscow-based blockchain innovation cluster needs a mechanism for assessing intellectual property, says the founder of blockchain platform Universa.io, Aleksandr Borodich. Borodich’s statements were reported by Russian news agency TASS on Feb. 15. The plans to launch a blockchain-based city innovation cluster by summer 2019 were initially announced by the Moscow municipal government earlier in…

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Argo Blockchain Plans to Terminate Mining Contracts, Cut Costs by 35 Percent

United Kingdom-based cryptocurrency mining provider Argo Blockchain announced it was refocusing its business as part of a major cost-cutting exercise, according to a strategy update published on Feb. 15. Argo, which is headquartered in London with facilities in Quebec, said it would terminate its Mining-as-a-Service (MaaS) operations by April, focusing solely on direct mining. MaaS…

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Russian Tech Giant, Blockchain Platform Sign Agreement to Improve Operational Systems

A subsidiary of Rostec, a Russian state-owned high-tech conglomerate, has partnered with blockchain platform Vostok, major Russian news agency Tass reports on Feb. 14. The joint agreement was signed by Rostec subsidiary National Center for Informatization (NCI) and tech company Vostok, which provides a blockchain platform combining its own private blockchain and the Vostok system…

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Luxembourg Passes Blockchain Framework Bill Into Law

Luxembourg lawmakers have passed bill 7363 into law, facilitating the use of blockchain technology in financial services, according to an official announcement published by the country’s parliament, the Chamber of Deputies, on Feb. 14. The new law aims provide financial market participants with more transparency and legal certainty in regard to the circulation of securities…

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Fairfax County Invests Total of $21 Million in Blockchain VC Fund

Fairfax County Retirement Systems has released details about its investment in a blockchain fund, seemingly to quell fears about the Virginia municipality’s two pension funds taking on exposure to cryptocurrency. “Given that this technology is what has been used to create and run the cryptocurrency markets, you may be concerned that these are investments in…

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Baidu Launches Plug and Play Blockchain Platform for Dapps

Chinese search giant Baidu has launched a blockchain platform aimed to simplify commercial deployment of decentralized apps, or dapps. Officially announced by Baidu Cloud on Thursday, the Baidu Blockchain Engine (BBE) platform is touted as a kind of operating system allowing developers to produce blockchain applications “just like mobile apps,” and get around the storage and computing “bottlenecks”…

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HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25%

An HSBC executive has said that the bank’s blockchain-based system has helped it cut the costs of settling foreign exchange trades. Speaking to Reuters, Mark Williamson, chief operating officer of FX cash trading and risk management, who oversees the blockchain project, said that its HSBC FX Everywhere platform saved it 25 percent as compared with traditional…

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Santander Enters $700 Million Deal to Use IBM’s Tech, Including Blockchain

One of Europe’s largest banks, Banco Santander, and tech giant IBM have announced an agreement to accelerate the bank’s development of technologies such as blockchain. The news was announced in a press release published on Feb. 13. The five-year global technology agreement is reportedly aimed at enhancing the financial institution’s services using emerging technologies —…

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Corporate Banking Group Aimed at Blockchain and Crypto Players Announces Future Multi-Jurisdictional Launch and Upcoming Token Sale

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…

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Iran: Still Waiting for the Blockchain Revolution

From Jan. 29 to 30, Tehran hosted the eighth annual conference on Electronic Banking and Payment Systems, which was promoted by the Monetary and Banking Research Institution, the research arm of the Central Bank of Iran (CBI). Among the announced topics under the theme of the “Blockchain Revolution,” it was the unveiling of the Iranian…

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Italian Banking Association Further Tests Interbank Blockchain System Powered by R3 Corda

The Italian Banking Association (ABI) is now testing a blockchain interbank solution based on blockchain consortium R3’s open-source distributed ledger platform Corda, fintech news outlet FinExtra reports on Wednesday, Feb. 13. The ABI states that the platform has been developed together with its technical partners — R3, Japanese IT firm NTT Data and Italian ICT…

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