Crypto Payments Processor BitPay to Support Paxos Stablecoin

Crypto Payments Processor BitPay to Support Paxos Stablecoin Crypto startup Paxos is partnering with payments firm BitPay to allow the latter’s merchants to utilize the Paxos Standard stablecoin in settling transactions. Announced Tuesday, the move will give BitPay clients the ability to conduct transactions using a cryptocurrency while maintaining the “the trust and stability of the U.S.…

Russian Authors’ Society to Launch Blockchain Platform for Intellectual Property Loans

Russian Authors’ Society to Launch Blockchain Platform for Intellectual Property Loans Major NGO the Russian Authors’ Society (RAO) will launch a blockchain-based financial platform for intellectual property-secured loans, according to Russian news outlet TASS Nov. 16. RAO’s CEO Alexander Sukhotin revealed that the project, dubbed CoFi, is at its final stages of development and is set to be launched in…

Major South Korean Hospital to Use Blockchain Tech for Medical Information Services

Major South Korean Hospital to Use Blockchain Tech for Medical Information Services One of the South Korea’s largest hospitals has partnered with a local tech company to develop a medical services platform based on blockchain technology, according to the hospital’s official press release Nov. 12. Myongji Hospital, located in the city of Goyang, South Korea, has signed a Memorandum of Understanding…

Huobi’s US-Based Strategic Partner HBUS Hires Former Exec of VC Firm Draper Athena

Huobi’s US-Based Strategic Partner HBUS Hires Former Exec of VC Firm Draper Athena HBUS, the strategic partner of top crypto exchange Huobi, has hired a former executive of venture capital (VC) firm Draper Athena, according to a press release shared with Cointelegraph Nov. 13. The HBUS trading platform, which currently employs around 40 people in their…

Major US Museum Becomes Country’s Third to Accept Bitcoin as Payment

Major US Museum Becomes Country’s Third to Accept Bitcoin as Payment Great Lakes Science Center, a major museum and educational center in Cleveland, Ohio, is accepting Bitcoin (BTC) as payment as of today, Nov. 13. Local business news source Crain’s Cleveland Business (CCB) reported on the development Nov. 9. According to SpendBitcoins USA – a directory of retail merchants…

Austrian Government Supports Blockchain Cancer Research, Screening Tool

Austrian Government Supports Blockchain Cancer Research, Screening Tool The government of Austria is supporting a U.K. cancer research company using blockchain to detect the disease. The government’s support comes as part of its drive to promote the technology, a press release shared with Cointelegraph confirms Nov. 10. Lancor Scientific, which has developed a device to detect multiple cancer types and record…

Commodities Firms Complete Blockchain Pilot for Black Sea Wheat

Commodities Firms Complete Blockchain Pilot for Black Sea Wheat Swiss-based Transoil International and Solaris Commodities have conducted a blockchain pilot transaction of Black Sea wheat, S&P Global reports Nov. 12. Both companies are involved in the trading of international agricultural commodities like milling wheat, vegetable oil and flour. The two firms completed the pilot using the blockchain-based agri-commodities trading and…

Malaysian Government, Universities Team to Put Degrees on a Blockchain

Malaysian Government, Universities Team to Put Degrees on a Blockchain Malaysia’s education ministry has formed a new consortium of universities to harness blockchain tech in tackling the massive industry in fake certificates. The Ministry of Education announced in a press release posted on Twitter Thursday, that alongside the new consortium of six universities, it has launched a…

New York Awards First-Ever BitLicense to Bitcoin ATM Company

New York Awards First-Ever BitLicense to Bitcoin ATM Company Bitcoin teller machine (BTM) operator Coinsource has just become the 12th crypto company to receive a license from the New York State Department of Financial Services (NYDFS). The firm announced approval of the so-called BitLicense on Thursday, with the firm’s general counsel Arnold Spencer noting that…

Microsoft to Integrate Blockchain Offering Into Nasdaq Services Following New Partnership

Microsoft to Integrate Blockchain Offering Into Nasdaq Services Following New Partnership American software corporation Microsoft will integrate its Azure Blockchain technology into stock exchange Nasdaq Inc.’s Financial Framework (NFF), according to an Oct. 30 press release. Per the recent announcement, Microsoft will integrate its Azure blockchain service with NFF, a technology which provides software for trading infrastructure and operations outsourcing, and…

Coinbase Raises $300 Million in New Funding Round to ‘Accelerate’ Cryptocurrency Adoption

Coinbase Raises $300 Million in New Funding Round to ‘Accelerate’ Cryptocurrency Adoption Major U.S. crypto exchange and wallet provider Coinbase has raised $300 million in a fresh funding round that brings its post-money valuation to $8 billion, according to an official blog post publishedtoday, Oct. 30. The Series E equity financing round was reportedly led by investment firm Tiger Global Management,…

Singapore Power Unveils Blockchain Market for Renewable Energy Trading

Singapore Power Unveils Blockchain Market for Renewable Energy Trading Singapore Power Group, the country’s energy utilities provider, has launched a blockchain-powered marketplace for renewable energy certificates (RECs). The company announced in a press release Monday that the platform is “designed and built in-house” and enables organizations to trade in RECs – tradable certificates that represent energy generated…