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Fluent, a startup focused on supply chain applications of the blockchain, has raised a new seed funding round. The round was led by ff Venture Capital, a New York-based venture firm with a portfolio that includes Indiegogo. Existing investor Draper Associates also participated.
Ether prices experienced only modest movements on 9th May despite its listing on major, New York-based exchange Gemini. The digital currency reached a high of $9.69, but even at its daily peak, it was only 1.44% above the session’s opening value.
The founder of Liberty Reserve, a private digital currency system that drew the ire of the US government for its alleged use by organized crime, has been sentenced to 20 years in prison. Arthur Budovsky was also ordered to pay a $500,000 fine.
Blockchain technology may not replace trusted third-parties after all, based on research by SWIFT Institute from interview with experts at 75 companies. While two functions of trusted third parties in securities may be replaced by a blockchain, a third function — that of a notary — may still require a third-party.
The city of Zug, Switzerland, has revealed it will pilot a bitcoin payments project that will allow local citizens to pay for services using the digital currency. A Swiss financial hub long associated with the country’s tax haven reputation, Zug kicked off the initiative during a local government hearing on 3rd May.
Blockchain industry startups are attempting to capitalize on a growing disillusionment with the traditional social media platforms, but will security, control and less exploitive content be enough to compel people to start over? CoinDesk speaks to some of the ecosystem's innovators to learn more.
Since Segregated Witness was announced last December, it has been one of the most anticipated software releases across the bitcoin community given its promise to help resolve the long-simmering scaling debate. Now, after months of testing, the software upgrade is moving closer to launch.
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