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Singapore-based fintech STACS raises $3.6M to develop blockchain platforms for financial institutions

TechCrunch

The company develops blockchain platforms that can work with financial institutions’ existing infrastructure, and its core technology is also used in GreenSTACS for environmental, social and governance (ESG) investments. Project Ubin, the Singaporean money authority’s blockchain initiative, moves closer to commercialization.

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Why TransUnion led blockchain fintech Spring Labs’ $30M Series B

TechCrunch

Consumer credit reporting agency TransUnion recently announced it had invested an undisclosed sum in Spring Labs, which is building out a blockchain-based data-sharing platform. They see a lot of opportunities to leverage our technology,” he said. Blockchain and taking the politics out of tech. Spring Labs is one of them.

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Trends in Blockchain for 2022

DevOps.com

Blockchain is hot right now. The industry has a staggering CAGR rate of over 69% between 2019 to 2025. Blockchain is no longer only relevant to cryptocurrency, either—blockchain-based applications are emerging to support many other scenarios that require decentralized data storage and accessibility.

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Blockchain startup XREX gets $17M to make cross-border trade faster

TechCrunch

Blockchain startup XREX was launched to help cross-border businesses in emerging markets perform faster transactions with products like a payment escrow service and crypto-fiat exchange platform. XREX’s last funding was a $7 million seed round in 2019. XREX co-founders Winston Hsiao and Wayne Huang.

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7 Predominant Blockchain Technology Trends To Watch In 2019

Openxcell

Blockchain Trends in 2019 : The Blockchain technology , also termed as Distributed Ledger Technology (DLT), enables secure transaction over a distributed network. The blockchain technology eliminates the need for third-party verifications since all the parties share the ledgers over the distributed system.

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Binance-backed Xend Finance launches DeFi platform for credit unions in Africa

TechCrunch

DeFi aims to bridge the gap between decentralized blockchains and financial services. Aronu Ugochukwu and Abafor Chima founded the startup in 2019, and Ugochukwu is quite familiar with currency devaluation. . Xend Finance is plugging these gaps using blockchain technology. Image Credits: Xend Finance.

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The 5 Best Silicon Valley Startups of 2019

The Crazy Programmer

Despite the rule of such gigantic organizations and high operational costs of the Bay area, it offers excellent opportunities for tech startups with unique technological solutions. Best Silicon Valley Startups of 2019. is the blockchain of food that uses the Internet of Things (IoT) and Blockchain technology in the food supply chain.