Blockchain Payments Firm PayStand Raises $6 Million in Series A Funding

Blockchain, FinTech, Investing | November 17, 2017 By:

Blockchain payments-as-a-service platform PayStand has raised $6 million during its Series A funding round, led by BlueRun Ventures. Other investors include Cervin Ventures, Serra Ventures, TiE, and Capital for Founders.

PayStand will use the funding to scale its account receivable systems and launch new free accounts payable product line,

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Parity Technologies Admits It Knew About Code Flaw, Did Nothing

Blockchain, Crime, FinTech, Investing, News | November 15, 2017 By:

Parity Technologies issued something of a post-mortem today on the massive hack to its digital wallet, which has locked up about $156 million in ether funds that may be permanently lost, making it potentially the biggest hack in digital currency’s short history.

The company’s blog post on the issue does not indicate a solution is at hand on fixing the damage,

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Project Ubin Releases Source-Codes of DLT Prototypes for Inter-Bank Payments

Announcements, Blockchain, FinTech, Group | November 15, 2017 By:

Project Ubin has released the source-codes on blockchain software prototypes for inter-bank payments for public access.

First unveiled in November 2016, Project Ubin is a collaborative project with the banking industry to explore the use of distributed ledger technology (DLT) for clearing and settlement of payments and securities.

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