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Real Estate Blockchain Expo • September 19-21, 2018

 Co-hosted by Korea’s no. 1 Economic Media, the Korea Economic Daily and Real Estate Experts, FIABCI Korea Chapter, we are…

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Tag: R3

Ripple and R3 End Year-Long Legal Battle with a Settlement

Category: Altcoins, Business, Finance, News

Ripple and R3 End Year-Long Legal Battle with a Settlement

Ripple Labs and R3 Consortium released an official announcement on September 10, 2018, stating that both parties have managed to settle their year-long legal dispute. “Happy” to Put the Dispute in the Past Ripple Labs Inc. and XRP II, LLC released an official statement to Business Wire confirming that Ripple and R3 have reached a settlement of all outstanding legal…

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Establishment-Backed Blockchain Company R3 Set to Issue IPO

Category: Blockchain, Business, Finance, News

Establishment-Backed Blockchain Company R3 Set to Issue IPO

Information has emerged revealing that R3 is considering going public via an IPO. The blockchain software company which is backed by more than 200 of the world’s most prominent corporate names including Intel Corporation, Microsoft Corporation, Wells Fargo & Co., and US Bancorp is reportedly speaking with advisers about the proposed IPO, with no firm decision in view yet. Potential…

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Blockchain Consortium R3 under Fire for Burning Capital, Lack of Noteworthy Developments

Category: Blockchain, Business, Finance, News, Tech

Blockchain Consortium R3 under Fire for Burning Capital, Lack of Noteworthy Developments

Cryptocurrency startups and ICOs face the onus of retail investors who rightfully expect working prototypes of the former’s ideas. However, a significant blockchain player could be the first to succumb to poor business tactics and go out of business in 2019. R3 Close to Biting the Dust In a startling report by Fortune, the institutional-backed blockchain platform R3 is buried…

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Hyperledger Chief Predicts that Blockchain’s Consolidation Phase Is Near

Category: Blockchain, Business, Commentary, Ethereum, News, Tech

Hyperledger Chief Predicts that Blockchain’s Consolidation Phase Is Near

Brian Behlendorf, the executive director of the Hyperledger Project, sees significant evolvements in blockchain technology from scale, interoperability, and governance in 2018 and over the next few years. Pinpointing Progress As a leading figure in open-source software and one of the primary developers of the Apache web server, Behlendorf is currently working on the Hyperledger project to create enterprise-ready distributed…

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Finastra Launches Blockchain Solution for Syndicated Lending

Category: Blockchain, Finance, News

Finastra Launches Blockchain Solution for Syndicated Lending

Finastra, a London-based financial services software provider, announced on April 24, 2018, the launch of Fusion LenderComm. Fusion LenderComm is an application commercially available on R3’s Corda platform for the syndicated lending market. According to Finastra’s press release, the Fusion LenderComm app has managed to “streamline information exchange between agent banks and lenders, driving transparency and efficiency in the syndicated…

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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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