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BitBrum • November 19, 2017

  Cryptobates Group and Inspiring Co. are delighted to announce Birmingham’s inaugural BitBrum cryptocurrency and blockchain conference to be held…

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Tag: R3

Ripple Wins Lawsuit Against R3, CEO Brad Garlinghouse Reveals

Category: Altcoins, Finance, News, Regulation

Ripple Wins Lawsuit Against R3, CEO Brad Garlinghouse Reveals

Brad Garlinghouse, the CEO of Ripple, the software development company behind the $10 billion Ripple network, revealed the firm had won the lawsuit R3CEV filed in September. Last month, R3CEV, which operates a blockchain consortium participated by more than 70 retail and investment banks including Barclays, HSBC, and UBS, filed a lawsuit against Ripple in the Delaware Chancery Court. The…

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Ripple and R3 Begin Court Struggle Over $1 Billion XRP Digital Tokens

Category: Altcoins, Business, Finance, News

Ripple and R3 Begin Court Struggle Over $1 Billion XRP Digital Tokens

On September 8, in the Delaware Chancery Court, R3, moved a legal action to its partner Ripple, over the options contract to buy more than $1 billion worth of XRP. As a reaction, in the same day, in a California state court in San Francisco, Ripple sued its partner as well. As a result, the two enterprises are now involved…

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South Korea’s Largest Financial and Tech Institutions Join R3

Category: Business, Finance, News, Tech

South Korea’s Largest Financial and Tech Institutions Join R3

On May 30, LG, one of the largest electronics company in South Korea behind Samsung, officially announced its partnership with R3CEV as a part of a larger vision to target the South Korean fintech and finance industries with distributed ledger technology. Over the past few years, many leading financial institutions and banks in the world have joined R3CEV, including South…

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JP Morgan Leaves R3 Showing Big Banks will Abandon the Open-Source Spirit

Category: Business, Finance, News

JP Morgan Leaves R3 Showing Big Banks will Abandon the Open-Source Spirit

JPMorgan Chase has reportedly left the blockchain banking consortium R3 due to disagreements over R3 proposed funding plans. The New York-based startup R3 CEV, which leads the 80 firms strong financial services-focused blockchain consortium, intends to raise $150 from its member institutions and investors in exchange for a 60 percent holding in the startup. The R3 banking consortium is currently…

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R3 Member Bank BNY Mellon to Form Blockchain Development Team

Category: Finance, News, Tech

R3 Member Bank BNY Mellon to Form Blockchain Development Team

R3CEV, more commonly known as the R3 Consortium, member BNY Mellon is recruiting blockchain experts and developers to establish its own technology and blockchain team. The multi-billion dollar bank’s decision to form an in-house development group coincides with the R3CEV’s exit from the blockchain industry. On February 24, R3CEV officially exited from the blockchain scene with a press release entitled…

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Peter Smith: Blockchain Didn’t Fail, Market Adoption Awaits

Category: Bitcoin, Commentary, News, Tech

Peter Smith: Blockchain Didn’t Fail, Market Adoption Awaits

Peter Smith, co-founder and CEO of Blockchain, the world’s most popular bitcoin wallet service provider, believes blockchain technology did not fail as of yet and mainstream market adoption awaits, despite the troubles of most blockchain startups. 2016 has been a challenging year for the blockchain industry, its startups and investors. Banks, financial institutions, and corporations that allocated over a billion…

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R3, Wall Street’s Answer to Bitcoin, is Shaken by a Bank Drain

Category: Business, News, Tech

R3, Wall Street’s Answer to Bitcoin, is Shaken by a Bank Drain

New York’s blockchain startup R3 has been hit by the departure of Goldman Sachs, Morgan Stanley, and Banco Santander. Experts begin to doubt that the company, that serves as a blockchain consortium of the world’s biggest banks, will be able to develop a valuable product. On November 18, the world seemed to be fine for R3. The blockchain consortium, consisting…

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Digital Asset Partners with Australian Securities Exchange; Secures US$50 Million Funding Round

Category: Business, News

Digital Asset Partners with Australian Securities Exchange; Secures US$50 Million Funding Round

Digital Asset Holdings has secured a US$50 million funding round from international financial institutions and multi-billion banking groups, including Accenture, BNP Paribas, Citi, Deutsche Group, J.P. Morgan, Santander InnoVentures, and ABM AMRO. Executives and directors of the institution will join the Digital Asset Holdings Board of Directors to improve efficiency, security, compliance and settlement speed of asset clearance systems in…

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Simon Dixon: “Banks Want Control Over Everything; This Will Be Their Downfall”

Category: Business, Commentary, Finance, News

Simon Dixon: “Banks Want Control Over Everything; This Will Be Their Downfall”

More than 30 of the world’s major multi-billion dollar banks have actively collaborated to create their own version of the blockchain network. The syndicate formed by the banks called the R3 consortium attempts to duplicate the technology of Bitcoin by developing a centralized blockchain-based financial system that could be used within the existing banking infrastructure. However, while the blockchain network…

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R3 Ledger Project Grows to Include Twenty-Two Banks

Category: Business, Finance, News

R3 Ledger Project Grows to Include Twenty-Two Banks

R3 purports to be an “innovation firm focused on building and empowering the next generation of global financial services technology.” The company’s latest bid to fulfill that mission includes the launch of their distributed ledger project designed for global financial markets. The project started earlier this year with nine banks initially supporting it: Barclays, BBVA, Commonwealth Bank of Australia, Credit…

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