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Singapore’s Monetary Authority (MAS) and National Stock Exchange (SGX) have partnered to develop a blockchain-based settlement process aimed exclusively at settling tokenized assets across diverse blockchain platforms, as per an official release on November 12, 2018. SGX Partners with MAS The two bodies have created a Delivery versus Payment (DvP) system to help simplify trade processes and quicken settlements cycles….

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On November 12, 2018, The infamous Thai siblings accused of duping a Finnish man for bitcoin worth $24 million have pleaded not guilty in court over money laundering charges. The siblings were first arrested in August this year for engineering a cryptocurrency scam. The Sequence of the Crypto Scam According to local news outlet Bangkok Post, the trio, Prinya Jaravijit,…

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IBM revealed it was developing a blockchain-based system allowing a dynamic cooperation between scientific researchers beyond institutional borders and outside interference. Breaking down Barriers IBM is one of the leading computer and software technologies in the world pushing innovation by quickly developing blockchain solutions. In this most recent turn, the blue-chip computer manufacturer presented a patent application that represents a…

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Memes have steadily found their way from 4chan boards and reddit subs into the mainstream culture. Nobody expected a picture with text on it to be the preferred means of breaking the ice or communicating with someone else on the other side of the world. On closer inspection, it’s not hard to figure out what factors make memes stand out…

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X8 AG, a Swiss financial technology firm has successfully obtained Islamic scholars certification for its fiat and gold-backed cryptocurrency from Shariyah Review Bureau (SRB), an Islamic advisory firm licensed by the central bank of Bahrain, Reuters reports, November 12, 2018. Plans to Expand into the Middle East Seeing the burgeoning fintech environment in the region, some regulatory bodies and financial…

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On November 8, 2018, blockchain and cryptocurrency mining firm DMG Blockchain announced the opening of its new 85-megawatt crypto mining facility in Canada, as per a press release by Global News Wire.  Massive Mining Facility DMG Blockchain Solutions Inc. has just announced the inauguration of a new crypto mining facility that is capable of a running an 85-megawatt mining operation….

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Blockchain Valley Ventures (BVV), a Switzerland-based venture capital firm and accelerator, has announced it is launching a new regional unit in Singapore. The company revealed the move during the Singapore Fintech Festival on November 12, 2018. BVV’s Asian Expansion With the island nation as their next stop, the Swiss blockchain firn has prepared the foundation for bolstering its presence in Asia….

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Japan’s IT behemoth GMO published its Q3 2018 financial report on November 12, 2018, which reveals the company’s “historical performance” in its cryptocurrency business line. According to the report, the firm’s crypto segment earned revenue more than JPY 2.6 billion ($22.8 million) “despite the harsh external environment.” Crunching the Numbers The report shows promising figures for the Japanese internet company….

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BitMEX CEO Arthur Hayes has defended the crypto trading platform against online rumors accusing the company of several activities that essentially amount to insider trading and betraying customer trust. Speaking to Yahoo! Finance U.K. in an article published on November 12, 2018, Hayes insisted that the platform offers uniform access to all customers, denying whispers of trading against customer positions…

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