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Finastra Joins RippleNet to Support Cheaper Cross-Border Payments

Over 200 financial institutions on RippleNet will have access to Finastra’s network of banks, allowing customers to partner with each other. United Kingdom-based financial software firm Finastra has partnered with Ripple to join RippleNet, a global blockchain payments network with over 200 members. Faster integration with partnersAs officially announced by Ripple on Oct. 9, the new partnership will allow hundreds of Finastra’s customers to connect and transact with RippleNet to provide faster and cheaper cross-border payments. In turn, over 200 financial institutions on RippleNet will have access to Finastra’s network of banks, allowing mutual customers to access and partner with each other, the firm stated. Users will be able to send international payments with end-to-end tracking and monitoring of the fees, transaction time and status. The collaboration also intends to boost the speed of integration with other network partners and enable faster upgrades, according to the announcemen..

French State-Owned Bank Joins $8M Lightning Network Startup Funding

Bpifrance is one of the three major backers of Bitcoin’s Lightning Network implementation developer ACINQ. One of the developers of Bitcoin’s (BTC) Lightning Network has secured $8 million in funding from partners, including a bank partially owned by the French state. State-owned Bpifrance funds Lightning developmentIn a press release published on Oct. 9, Bitcoin technology company ACINQ confirmed the news. This brings its total investment to $10 million. The funding came from the lead contributor Idinvest Partners, which focuses on small and medium-sized European businesses. Also involved was Bpifrance, an investment bank created by two French public entities. As such, the government has come conspicuously close to directly funding the improvement of Bitcoin amid an apparent softening of its stance on cryptocurrency more broadly. Bpifrance’s digital investment director Véronique Jacq noted: “Cryptocurrency’s potential is becoming more and more obvious. In this area where there is sti..

OmiseGo Joins Crypto Coalition Universal Protocol Alliance

OmiseGo, a finance-oriented scaling network for Ethereum, has become a member of Universal Protocol Alliance, a coalition of blockchain and cryptocurrency-focused firms. OmiseGo, a finance-oriented scaling network for Ethereum (ETH), has become a member of Universal Protocol Alliance, a coalition of blockchain and cryptocurrency-focused firms. Targeting financial services and tax collectionIn a press release shared with Cointelegraph on Oct. 8, the startup revealed that it will incorporate the Universal Protocol Platform UPT utility token into its payment processing technology. By doing so, OmiseGo intends to let stakeholders to use UP stablecoins for financial services and tax collection, as well as collect transaction fees. Dan Schatt, co-founder of the Universal Protocol Alliance, said that OmiseGo’s technology “will help support the mass adoption of blockchain technology utilizing UPUSD and other UP stablecoins for consumers, merchants and local governments.” Partnership with Hydr..

Ex-Google Product Manager Joins Multicoin Capital as Investment Principal

Blockchain and cryptocurrency investment firm Multicoin Capital hires a former Google product manager as one of its new investment Principals. Blockchain and cryptocurrency investment firm Multicoin Capital hired a former Google product manager as one of its new investment Principals. In a blog post published on Oct. 1, managing partner Kyle Samani said that Tony Sheng would help secure new deals for the firm while also working with existing portfolio members. Crypto market offers “tremendous alpha”“The crypto market is still very young, and there is tremendous alpha to be captured in many ways. Things are only just starting to get interesting,” he summarized, adding: “With the all the right forms of capital— people, financial, social, service providers, and brand—we’re looking forward to our next stage of growth as a firm. We’ve made it from 0 to 1. Now to go from 1 to N.” Changing tides in blockchain investmentMulticoin has contributed to several notable funding rounds in recent mon..

BlackRock, Goldman Sachs Veteran Joins Blockchain as General Counsel

After serving over 25 years at two of the world’s largest financial institutions, Howard Surloff joins as general counsel. BlackRock and Goldman Sachs veteran Howard Surloff has joined major crypto wallet provider as general counsel. Over 25 years in traditional financeAfter serving over 25 years the two of the world’s largest and most respected financial institutions, Surloff will now be responsible for advancing Blockchain’s standard for legal, compliance and corporate governance within the crypto industry, the firm announced on Oct. 1. Prior to entering the crypto industry, Surloff worked at BlackRock for 12 years, the world’s largest exchange-traded fund provider, according to his LinkedIn page. At BlackRock, Surloff was long-serving Deputy General Counsel before he was appointed as Global Chief Operating Officer of BlackRock’s iShares and Index business, with over $4.4 trillion in assets and 800 employees globally, the report notes. Before joining Bl..

Santander Joins Bank Blockade Against Coinbase in the UK: Report

Major Spanish bank Santander is reportedly ceasing to enable United Kingdom customers to deposit their fiat funds to major cryptocurrency exchange Coinbase. Major Spanish bank Santander is reportedly ceasing to enable United Kingdom customers to deposit their fiat funds to major cryptocurrency exchange Coinbase. An unverified source posting to Reddit on Aug. 14 claims to have been informed of the development over the phone by a Santander representative. “Isolated to Coinbase,” not crypto in generalThe source alleges that having been informed over the phone, they put in a complaint with the bank’s complaints unit, which then reportedly confirmed that the client should move to an alternative bank if I wish to make the payment. The complaints unit reportedly revealed that the restriction was likely due to the bank’s attempts to tackle an apparent increase in Coinbase-related fraud. The post has sparked over 100 comments to press time, with at least three fellow Redditors noting they ha..

Blockstack Joins Lambda School for New Platform to Teach App Coding

Blockstack teams up with Lambda School for new App Mining Program, which reportedly teaches Blockstack app coding without charging students until they are hired. Privacy-centric computing network and app ecosystem Blockstack has announced a partnership with Lambda School. Students enrolled in the program can reportedly now learn how to code Blockstack apps and earn monthly revenue through its App Mining Program. Gain the skills to pay the billsAccording to a press release shared with Cointelegraph on August 12, Lambda is a skills-based online school with a curriculum designed around the requirements of employers. This reportedly ensures that graduates master all the skills required to succeed. In addition, it offers tuition at no cost until the student is hired, thus removing barriers to high-paying careers. According to CEO Austen Allred, the partnership with Blockstack “gives Lambda School students a direct path for gaining real-world development experience while earning additional ..

Fidelity Joins Blockstream’s New Institutional Bitcoin Mining Service

Blockstream announces two massive data centers for Bitcoin mining co-location, and the world’s first BetterHash pool. Blockchain technology company Blockstream has announced details of its Bitcoin mining services. In a blog post on Aug. 8, the company revealed two massive data centers for enterprise class co-location services, along with Blockstream Pool, using the BetterHash protocol. Its aim is to maintain the decentralization of the Bitcoin network. Your Bitcoin mining equipment, Blockstream’s data-centersThe data centers, located in Quebec and Georgia, account for a combined 300 megawatts of energy capacity. At full capacity, populated with the latest mining rigs, this could account for around 7.5% of the entire network hashrate. The facilities provide a turnkey solution for co-location of clients’ mining equipment, covering delivery to the data-center, installation and maintenance. Mining rigs are managed remotely by the customer, giving real-time analytics and control over each ..

South Korean Fashion Platform Joins Terra Stablecoin Alliance

South Korean fashion platform Sinsang Market has joined the ecosystem of the Terra Alliance, a stablecoin-focused association of large e-commerce companies. South Korean business-to-business fashion platform Sinsang Market has joined the Terra Alliance ecosystem, a stablecoin-focused association of large e-commerce companies. As South Korean economics-oriented newspaper EconoNews reported on Aug. 3, the partnership between Sinsang and Terra aims to create a payment system that deploys Korean mobile payment service CHAI. CHAI utilizes Terra’s blockchain technology to ensure fraud-resistant transactions and settlements with merchants in fiat currency. Sinsang will reportedly use Terra’s platform to enable its customers to conduct payments for a personal delivery service. Terra’s platform will ostensibly improve order settlements, payments and deliveries through CHAI. The Terra stablecoin was co-founded by Daniel Shin, the creator of South Korean e-commerce marketplace Ticket Monster, wh..

PBET Hospitality Solutions Joins LATOKEN Launchpad for its IEO

TwitterFacebookLinkedIn PBET has recently got its IEO hosted at LATOKEN exchange on its multi-asset trading platform. The company envisions to conjoin physical casinos with online casinos, thanks to its blockchain crypto-based Unified Gaming platform. Cyprus, August 5st 2019: Next-gen crypto gaming platform PBET is delighted to announce the launch of its IEO on leading crypto exchange LATOKEN. After the conclusion of the IEO, PBET token will be listed on LATOKEN for trading. Pbet aspires to create a convergence between physical casinos and online gaming space through its innovative Unified Gaming platform- whilst incorporating cryptocurrencies for payments. Put simply, Pbet aims to help physical casinos to expand online so that these platforms can acquire highly-valued online players yet at a fraction of cost needed to acquire online players normally. “We are excited to announce the launch of our IEO on the esteemed platform of LATOKEN. We have been looking forward to secure a place i..
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