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WSFS taps blockchain firm Intain to automate capital markets transactions

Bank Innovation

WSFS Bank is working with Intain, a blockchain firm based in Chennai, India, to help automate capital markets transactions. based bank, a subsidiary of WSFS Financial, said it’s using Intain’s blockchain-based tool to facilitate trustee reporting for asset-backed securities transactions. The Wilmington, Del.-based

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Blockchain Startup BitPay Raises $40M for Asia Expansion

Bank Innovation

BitPay, a blockchain payments company, closed a Series B of $40 million yesterday, the company announced. BitPay named either Hong Kong or Singapore as its next potential market, as reported by […]. The money, as previously mentioned by the startup, will go towards expanding its international operations.

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Ethereum Sees Strong Growth in Market Cap, Price This Quarter

Bank Innovation

billion increase in market cap (just under a 500% increase, compared to bitcoin’s 11% increase for the quarter), according to data from Coindesk’s State of Blockchain report for 1Q17. The top rival of “digital gold,” i.e. bitcoin, had a banner first quarter in 2017, with a $3.6 The cryptocurrency-slash-enterprise […].

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Blockchain Finds New Home In Retail Food Supply

PYMNTS

And it could be one of the killer apps for blockchain. “We As markets open, they’ll want to know exactly how that piece of cheese was produced, as an example.”. As markets open, they’ll want to know exactly how that piece of cheese was produced, as an example.”. That will be possible due to two features of blockchain.

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US Lawmakers Explore How Blockchain Can Help SMBs

PYMNTS

To explore the positive impacts of blockchain on small businesses, the U.S. The “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses” hearing will be held on March 4 at 11:30 a.m. House of Representatives Committee on Small Business plans to hold a hearing next week.

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i2c President Says Blockchain Will Unlock Cryptocurrency

PYMNTS

“Most things take 10 to 15 years to drive through the ecosystem,” McCarthy told Webster — especially when a range of stakeholders are involved, spanning two-sided markets, consumers, merchants and governments. Blockchain remains a key driver of cryptos’ future, both as unit of currency and store of value.

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Blockchain-Powered B2B FinTech Roars Back With VCs

PYMNTS

It’s been several months, if not years, since blockchain was the darling of tech startup investors, but this week proved the technology still has a lot to offer venture capitalists. blockchain startup Envoy will be used to bolster its supply chain and trade finance platform, the company told PYMNTS in an emailed announcement.