Tramonex receives £248k from the UK government for blockchain-based cross-currency payments

Investing | April 29, 2016 By:

Innovate UK has awarded £248,000 to Tramonex to develop a prototype for cross currency payments using blockchain technology.

The £248,000 grant will be used for building a blockchain-based platform that can execute 10-minute foreign exchange transfers. The platform will be fully automated and will perform all the necessary KYC/AML procedures to remain compliant with existing regulations.

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Bitcoin investment platform Keza shuts down

Investing | April 29, 2016 By:

Keza has announced the closing of its service.

The announcement of its closure comes as a surprise, particularly as Keza launched an iOS app last month that allows users to invest bitcoin in stocks and fixed income. There were no deposit minimums and the app facilitated investment in emerging markets restricted to investors who can reach a $1 million minimum.

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Central Bank of Russia official: Bitcoin and Blockchain are separate

Announcements | April 28, 2016 By:

The head of newly established Department of Financial Technologies, Projects, and Process Organization of the Bank of Russia Vadim Kalukhov insists that the terms “bitcoin”, “blockchain” and “distributed ledgers” shall be considered separately.

Kalukhov added that the Central Bank closely follows researches on digital national currencies carried out by other regulators.

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BitFury announces blockchain-based land titling project in Georgia

FinTech | April 28, 2016 By:

BitFury has partnered with prominent economist Hernando de Soto to bring blockchain technology to the land title registry of the Republic of Georgia.

“We are uniquely positioned in the Blockchain ecosystem to support this breakthrough process, demonstrate the power of the Blockchain and assist in further developing Georgia’s modern and transparent property registry,” said BitFury CEO Valery Vavilov.

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