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A new venture capital fund called Proof of Capital was launched on Wednesday with US$50 million in funding. The fund will invest in blockchain startups with a focus on fintech, infrastructure, hardware and consumer products. The fund was raised last month with backing from the...
Swiss food and drink multinational Nestlé and French hypermarket chain Carrefour are trialing blockchain to provide consumers with greater transparency in the food sector. From April 15, 2019, the technology will be applied to the famous Mousline instant mashed potato brand, available on shelves in Carrefour stores...
Propy, Inc., a Silicon Valley property technology (proptech) startup, has announced the completion of two blockchain-recorded property deals in Japan, a first in Asia, the startup said on Thursday. The news marks Propy’s first steps into the Asian market. Image: Mount Yotei,...
Singapore blockchain startup EVX Holdings, operating under Everex, has received the green light from Thailand to deploy blockchain technology to facilitate international remittances and establish “payment connectivity” between Thailand and Myanmar. Called the Krungthai and Shwe Remittance project, the initiative involves Krungthai Bank (KTB) from Thailand and Shwe Bank from Myanmar.
PayPal has joined Cambridge Blockchain’s Series A funding round, marking the US payment giant’s first blockchain investment. Cambridge Blockchain, a startup developing digital identity management software for financial institutions, initially closed its Series A in May 2018 after raising US$7 million from Foxconn’s HCM Capital, Partech Partners,...