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Bullion Giant APMEX & BitPay Partner to Sell Gold for Bitcoin

Global crypto payment provider BitPay has announced the OneGold precious metals and digital gold marketplace is now accepting Bitcoin and Bitcoin Cash, according to a press release. OneGold — founded by APMEX, a leading precious metals retailer, and Sprott, an alternative asset manager — is focused on giving investors the …

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Bitcoin Mining Giant Bitmain Closes Israeli Branch amid Market Woes

With the bitcoin price trading more than 80 percent below its all-time high, not even Bitmain, the world’s largest cryptocurrency mining firm and the crypto industry’s most valuable company, has been immune from the slaughter. According to Israeli business publication Globes, the China-based Bitmain has closed Bitmaintech Israel, the development …

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Supermarket Giant Auchan Promotes Food Safety Using Blockchain Technology

Food safety is one of the greatest concerns at global level. From farm to store shelf, each entity that handles and processes food must ensure that the products are fit for consumption. However, every year we see instances of food tampering or food poisoning outbreaks. Before the authorities step in, …

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Global Retail Giant Auchan Expands Blockchain Tracking Solution to Five More Countries

Global retail giant Auchan is expanding TE-FOOD’s blockchain solution to improve the transparency of products’ history, U.S.-based news agency Cision PRWeb reports today, Dec. 4. The French retail group, which is reportedly the 13th largest food retailer globally with operations in 17 countries, has extended TE-FOOD’s FoodChain solution to five …

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Banking Giant UBS CEO Says Blockchain Will ‘Reshape’ Banking

Sergio Ermotti, the CEO of Swiss banking giant UBS, told CNBC that he believes Blockchain technology will “likely reshape” the way that banks do business. UBS is already heavily invested in the new technology, partnering in the Batavia project with IBM, Bank of Montreal, and others. The statement does not …

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Turkeycoin? Food Giant Cargill Launches Blockchain Tracking Pilot

American agricultural conglomerate Cargill is testing a blockchain platform to track the provenance of turkey products. Launched ahead of this year’s Thanksgiving celebration, Cargill’s Honeysuckle White brand will utilize the tech, according to statements. The company added that turkeys that are set to be tracked will be primarily sold in Texas. …

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Chinese Search Giant Baidu Joins Hyperledger Blockchain Consortium

Chinese search engine giant Baidu has become the latest member of the Linux Foundation-led Hyperledger blockchain consortium. In joining the group – which focuses on developing blockchain technologies for enterprises – Baidu will assist the project’s efforts alongside other member companies including Accenture, IBM, JP Morgan, R3, Cisco and SAP, among others. …

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IBM’s Stellar Move: Tech Giant Uses Cryptocurrency in Cross-Border Payments

Big Blue is making what could be considered its first public foray into cryptocurrency. In the kind of unveiling that can only come before one of the biggest events in global finance, IBM is revealing today at Sibos 2017 the results of a partnership with blockchain startup Stellar in which it successfully settled real …

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IT Giant Fujitsu Joins Major Banks for Blockchain Money Transfer Pilot

Japanese IT giant Fujitsu and three major banks have announced plans to pilot a peer-to-peer money transfer system built with blockchain technology. In partnership with Mizuho Financial Group, Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group, Fujitsu will field trial a cloud-based blockchain platform for sending funds between individuals, as well as a …

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