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BitPesa Partners with Japanese Insurance Company to Digitize Remittance Service

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Tokyo-based insurance company Sompo Holdings has partnered with BitPesa to promote digitization of its international remittance service. The news comes weeks after another Japanese player, money transfer firm SBI Remit, teamed up with the blockchain company to bring distributed ledger to transactions between Japan and African countries. Japanese Sompo Holdings Follows SBI Remit in Partnership

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ConsenSys and Amazon to Launch Ethereum Marketplace for Enterprise Blockchain

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Kaleido, a subsidiary of ConsenSys, is launching a marketplace of plug-and-play services to help blockchain projects from proof-of-concept to live production business networks. The firm, which announced the product at the Web Summit in Lisbon, is working with Amazon Web Services to provide the enterprise blockchain platform. ConsenSys’ Kaleido Launches Marketplace for Plug-and-Play Enterprise Blockchain

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US Regulator Wants to Adopt Blockchain to Maintain Pace with Market Manipulators

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The chair of the U.S. Commodity Futures Trading Commission (CFTC) has said that he wants to adopt blockchain to “keep pace with those who attempt to defraud, distort, or manipulate” financial markets. CFTC Chairman Giancarlo Envisions Compliance Built into Business Operations Through Smart Contracts J. Christopher Giancarlo spoke about the use of blockchain and machine

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Is Russia on Its Way to Adopting Its Own State-Backed CryptoRuble?

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Russia may be on the way to adopting its own central bank digital currency, according to Anatoly Aksakov, chair of the State Duma’s Financial Market Committee. The Russian Parliament is studying three bills, introduced in March, to regulate smart contracts, digital currencies, cryptocurrency mining, and initial coin offerings (ICOs). Now it seems that legislators also have a

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15 Banks to Test DTCC’s Market Infrastructure Using Blockchain

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Post-trade market infrastructure giant DTCC has initiated the testing phase to re-platform its credit derivatives on distributed ledger technology (DLT) and cloud. The trial will include the participation of 15 of the world’s largest global banks, which will conduct structured user acceptance tests to validate the interaction between systems, firms and other market infrastructure providers.

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Bank of Israel Doesn’t Recommend Launching Bank-Backed e-Shekel

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The central bank of Israel has published a summary of the work of its interdepartmental team to examine central bank digital currency and its eventual use in the country’s financial system. The research found there are no proper grounds for a decision to recommend issuing digital currency as of yet. Israel’s Central Bank Report Weighs Benefits

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Bitfury Raises $80 Million from Korelya, Macquarie, Mike Novogratz

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Blockchain technology company, Bitfury, has raised $80 million from a number of global institutional and corporate investors. Led by Korelya Capital, the private placement was joined by Macquarie Capital, Asian financial institution Dentsu Inc., European investment company Armat Group, European fund managers Jabre and Lian Group, Argenthal Capital Partners, insurance group MACSF and Mike Novogratz’s digital asset

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Thailand Government to Use Blockchain to Tackle Tax Avoidance

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The government of Thailand has announced plans to adopt distributed ledger technology to fight tax avoidance. Director-general Ekniti Nitithanprapas said the Revenue Department intends to use blockchain to verify whether taxes were paid correctly and to speed up the tax refund process. Thai Government Announces Plan to Use Blockchain Technology to Improve Tax Collection System The

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Bitcoin Bulls Win Battle at $6,400 Resistance, Resume Range Trading

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Bitcoin shed some of the gains made earlier in the day, erasing $40 from its daily high at $6,500. The BTC/USD pair trades at $6,460 in a ranging market with support at $6,300. A significant bearish trend line may have been thwarted as the market moves above the $6,400 line. Bitcoin Trades Above Significant Bearish

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Azerbaijan Wants to Adopt Blockchain on Ministry of Justice Databases

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Azerbaijan is joining the list of governments adopting distributed ledger technology to promote efficiencies. Osman Gunduz, Chair of the Azerbaijani Internet Forum (AMF), announced the country will start using blockchain on the information systems and registries of the Ministry of Justice. Azerbaijan Government Eyes Blockchain Application on Notaries, Courts, Penitentiaries, NGOs, Registries The Azerbaijani Internet Forum is

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