Thirsty California May Be Wary of Blockchain Water Rights

Last week, Colorado lawmakers filed a bill exploring how blockchain technology could be applied to water rights management. Now, California is also studying blockchain for use in water rights management, as reported by Cointelegraph. But coming off a severe drought, which saw water restrictions throughout the state, they are facing a far different set of…

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Startup Finturi Raises $2.2 Million for Its Blockchain-Based Invoice Finance Platform

Dutch blockchain startup Finturi has secured 2 million euro ($2.2 million) to enable businesses to secure loans against invoices via blockchain tech, the company tweeted on March 12. Founded in September 2018, Finturi aims to help businesses finance invoices by linking them with financiers to borrow money against invoices, using blockchain and artificial intelligence (AI),…

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German Gov’t Hearing Takes Regulators to Task for Lack of Legal Framework on Blockchain

German regulators and lawmakers have thus far failed to create a workable legal framework that would provide legal certainty for applications of blockchain technology, representatives from the country’s Free Democratic Party (FDP) have argued. An FDP proposal, entitled “Creating a Sustainable Framework for Distributed Ledger Technology in the Financial Market,” was put forward during a…

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Overstock’s Medici Acquires Stake in Blockchain Banking Startup

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Medici Ventures, the blockchain investment arm of Overstock, has acquired a 5.1 percent equity stake in blockchain banking startup Bankorus. Announcing the news on Monday, Overstock said Bankorus’ blockchain platform allows individuals and institutions to “securely” buy, sell, store and lend digital assets. “The addition of Bankorus to Medici Ventures’ portfolio of companies will further…

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Overstock’s Blockchain Subsidiary Acquires Stake in Blockchain Banking Platform

Retail giant Overstock.com, Inc.’s blockchain subsidiary, Medici Ventures, has acquired a stake in blockchain banking platform Bankorus, according to a press release published on March 11. Medici Ventures has purchased a 5.1 percent stake in Bankorus, a blockchain banking platform that enables both individuals and institutions to buy, sell, lend and store digital assets. Jonathan…

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EU Report Calls for Blockchain Interoperability Standards

A recent report to the European Union made recommendations on how to better develop blockchain technology, including the introduction of interoperability and scalability standards. The report was published by the European Union Blockchain Observatory and Forum on March 6. The report dubbed “Scalability, Interoperability And Sustainability of Blockchains” was prepared by blockchain tech firm ConsenSys…

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German Blockchain Strategy Should Include Framework for Crypto Trading, Say Politicians

German parliamentary speakers have argued that the country’s blockchain strategy should include an appropriate legal framework for cryptocurrency trading and token issuance that would encourage the sector’s domestic development. The suggestion was put forward by the Union parties’ finance spokesperson Antje Tillmann and her colleague Matthias Hauer at a public hearing initiated by the Bundestag’s…

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IBM, CUSO CULedger Partner to Develop Blockchain Solutions for Global Credit Unions

Tech giant IBM is partnering with blockchain consortium and credit union service organization (CUSO) CULedger to develop new blockchain-based solutions for the credit union industry. The development was announced in a press release shared with Cointelegraph on March 11. IBM and CULedger will reportedly jointly pioneer solutions using permissioned blockchain networks that will innovate existing…

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Investment Firm Invesco Launches Blockchain ETF on London Stock Exchange

United States-based investment management company Invesco is launching a blockchain exchange-traded fund (ETF) on the London Stock Exchange (LSEG) today, March 11, financial newspaper Financial Times reports on March 9. Per the article, the Invesco Elwood Global Blockchain ETF will initially be targeting 48 companies involved with blockchain technology. The firms were reportedly selected through…

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Why the Women in Blockchain Movement Makes Me Nauseous

I’m almost completely over Netlifx. As a single mother of two, that’s a pretty sad spot to be in. Netflix was basically my social life. But all this political correctness is starting to irritate me. The tidal wave of ‘strong female leads’, and the exact proportion of people of color scattered throughout their movies is…

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US Leads in Blockchain-Related Job Offerings Globally: Report

The United States is the world’s leader in blockchain-related jobs, according to a research by The NextWeb (TNW) published on March 8. To prepare the report, TNW gathered information from job and recruiting site Glassdoor, finding all the job offerings that had the term “blockchain” in the job listing in countries around the world. The…

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SEC’s ‘Crypto Mom’ Sounds Note of Caution About National Action Plans

A blockchain-friendly member of the U.S. Securities Exchange Commission (SEC) sounded a note of caution in response to an industry lobbyist’s call for a national strategy for the technology. The Digital Chamber of Commerce’s National Action Plan calls on the federal government to “make blockchain technology a priority,” by publicly supporting development in the space, adopting…

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Singapore Launches Pilot of TradeTrust Blockchain Shipping Initiative

The Singapore government will press ahead with a pilot of its blockchain-based maritime trade platform TradeTrust through an official partnership, trade news outlet Asia Middle East Maritime Focus reported on March 7. TradeTrust, which aims to leverage blockchain to streamline complex manual processes involved in international shipping, will first focus on blockchain-powered electronic bills of…

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Facebook Blockchain Job Openings Top 20 Amid Staffing Spree

Social media giant Facebook keeps looking to expand its blockchain-related staff. Facebook’s careers website now lists 20 job openings related to the technology in a wide range of areas, including: technology communications director, threat investigator, data scientist, two product managers and a product designer, brand strategy and marketing managers, community, media and web manager, engineers, various…

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