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Blockchain Healthcare Firm Wins US National Science Foundation Grant

New England-based blockchain firm SimplyVital Health, Inc. has received a $225,000 grant from the United States National Science Foundation (NSF) to research integration of its protocol Nexus with the Graphene protocol. The NSF awarded the grant as part of its Small Business Programs, which contributes $200 million annually to innovative startups and small businesses, according to an Oct. 10 press release from SimplyVital Health. Aiming to decrease healthcare costs SimplyVital will allocate the grant to …

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Class Action Accuses Tether and Bitfinex of Market Manipulation

A New York-based legal firm has filed a lawsuit against Tether and Bitfinex, accusing them of cryptocurrency market manipulation. “Largest bubble in history” Roche Freedman filed a class-action suit claiming that stablecoin firm Tether and its affiliate crypto exchange Bitfinex have been involved in defrauding investors, manipulating markets and concealing illicit proceeds, the firm’s founding partner Kyle Roche tweeted on Oct. 7. In the tweet, Roche accused Tether and Bitfinex of creating the “largest bubble …

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US Police Devices Firm Explores Blockchain to Fight Deepfake Videos

Leading technology manufacturer for United States law enforcement Axon Enterprise Inc. is exploring new data tracking technologies, including blockchain, for its body cameras. Verifying police footage The impetus behind Axon’s interest in emerging technologies is public and government concerns about “deepfake” videos, Reuters reported on Oct. 3. Deepfake videos are produced using a particular type of artificial intelligence (AI) making them look and sound like the real thing.  This technology causes a great apprehension that …

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Crypto Rating Council Is Out to Help Change US Regulatory Landscape

At the end of September, a number of established crypto firms (including Kraken, Bittrex and Coinbase) that are currently operating in the United States came together to establish a new governance body called the Crypto Rating Council (CRC) so as to jointly provide more clarity on the definition of various cryptocurrencies — that is, establish which digital assets can be classified as securities and those that can not.  This development comes as an effort to …

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Walmart Uses Blockchain Tech to Track Shrimp Supply Chains

United States retail giant Walmart, in collaboration with IBM, will use blockchain technology to track its shrimp supply chains. On Oct. 4, Indian business publication LiveMint reported that Walmart will use blockchain technology to track its Indian-sourced shrimp to select locations of Sam’s Club retail stores in the U.S. This is reportedly the first time that blockchain technology will be used to track shrimp exports from the Indian farmer to an overseas retailer. President of …

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New York State Financial Regulator Hiring Crypto and Blockchain Specialist

New York state’s financial regulator is hiring a specialist with expertise in the field of virtual currencies and blockchain, per a recently published announcement. The Department of Financial Services is looking to hire a Deputy Superintendent in the Research and Innovation Division, with a background in cryptocurrencies, blockchain, distributed ledger technology and other related fields. The person in this position is set to be in charge of policy decisions and the regulation of emerging and …

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Blockchain Firm Secures $5 Million From Investment Company Cosimo

Oneiro, a blockchain solution company, secured a $5 million investment from Cosimo Ventures. Total investment of $8 million In an Oct. 3 press release, Boston-based provider of high-performance blockchain solutions Oneiro announced that it had secured a $5 million investment from Cosimo Ventures in a Series A funding round. Cosimo Ventures is an investment firm involved in sectors including blockchain, cryptocurrencies and the Internet of Things. Oneiro’s latest funding round brings the company’s total venture …

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US Lawmakers Ask Federal Reserve About National Digital Currency

Members of the United States House of Representatives Financial Services Committee asked the Federal Reserve whether there are any plans of launching a U.S. dollar digital currency. Fed has the mandate to develop a national digital currency In a Sept. 30 letter to Federal Reserve Board Chairman Jerome Powell, U.S. Representatives French Hill and Bill Foster expressed concerns that the importance of the U.S. dollar could be in jeopardy “from wide adoption of digital fiat …

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Revolut Partners with Visa to Expand Into North, South America and Asia

United Kingdom-based digital banking app Revolut announced a major partnership with Visa to expand its services globally across 24 new markets, including North America. According to a Sept. 30 press release, this will bring 56 markets worldwide in total into Revolut’s reach. North, Latin American and Asian markets Per the release, the terms of the agreement stipulate that Revolut will primarily issue Visa-branded cards as it pursues its global expansion push. Visa will enable the …

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Court Orders Purported Crypto Company Longfin to Pay $6.7M Penalty

The United States District Court for the Southern District of New York has ordered purported cryptocurrency company Longfin to pay a total of $6,755,848 million in penalties. Falsely obtained qualification for Regulation A+ offering On Sept. 30, the Securities and Exchange Commission (SEC) announced that a New York federal court entered a default ruling against the fintech company for “fraudulent public offering and falsifying revenue from sham commodities transactions.” According to the SEC, Longfin and …

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