ConsenSys, R3, Tron, CipherTrace: Blockchain Startups Got $18M+ in US ‘PPP’ Bailout Loans

More than 40 companies in the blockchain and cryptocurrency industry collected at least $18 million in payroll loans from the U.S. government. The U.S. Small Business Administration (SBA) published details of its Paycheck Protection Program (PPP) on Monday, revealing a who’s who of major and minor firms in the industry. Loan recipients included Zcash developer […]

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R3 Corda Partners With Kaleido After Ethereum Startup Spins Out of ConsenSys

R3, the company behind distributed ledger technology (DLT) platform Corda, is edging ever closer to Ethereum, with news of a partnership with blockchain-in-the-cloud startup Kaleido. The announcement comes following Kaleido’s emergence as a standalone company last month. The startup revealed Tuesday it was spun out of ConsenSys, the Ethereum-based venture studio founded by Joe Lubin. […]

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Nasdaq Is Using R3’s Corda for Managing Digital Assets

The Nasdaq stock exchange has partnered with R3 to offer a platform for digital asset marketplaces on the Corda blockchain, the companies announced Wednesday. Capital markets participants can now use Corda to support the issuance, trading, settlement and custody of digital assets, said Johan Toll, Nasdaq’s head of digital assets. The ledger technology is integrated […]

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Central Bankers From Canada, Netherlands, Ukraine Call Blockchain Unnecessary for Digital Fiat

KYIV, UKRAINE — Central bank digital currencies (CBDCs) have been a hot topic in blockchain circles recently, but central banks are lukewarm about blockchains.  Representatives of a number of the world’s central banks discussed their CBDC projects last week in Kyiv, Ukraine. The one-day conference was arranged by the National Bank of Ukraine, or NBU, […]

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Standard Chartered Invests More Money in Newly Rebranded Trade Finance Startup

Standard Chartered has invested an undisclosed sum into Contour, a Corda-based blockchain trade platform, to streamline transaction settlement processes. Contour, which rebranded from Voltron last week, recently tapped R3’s Asia chief Carl Wegner as CEO in the run-up to a full commercial launch of its digitized letter-of-credit (LoC) service, which it claims reduced processing time […]

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