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Blockchain: Project Ubin, the Singaporean money authority’s blockchain initiative, moves closer to commercialization

Blockchain: Project Ubin, the Singaporean money authority’s blockchain initiative, moves closer to commercialization

The Monetary Authority of Singapore (MAS) and state investment firm Temasek announced today that Project Ubin, its blockchain-based multi-currency payments network, has proven its commercial potential after tests with more than 40 companies. The initiative was launched in 2016. A prototype developed by Temasek and J.P. Morgan began undergoing testing last year to see how…

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Blockchain: Singapore says blockchain payments project ready for commercial rollout – Reuters

Blockchain: Singapore says blockchain payments project ready for commercial rollout – Reuters

SINGAPORE (Reuters) - Singapore has developed a blockchain-based payments network that could enable faster and cheaper international settlements, authorities said on Monday, adding that the next step was a commercial rollout. The final phase of the years-long ‘Project Ubin’ saw the Monetary Authority of Singapore team up with state investor Temasek and J.P. Morgan (JPM.N)…

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Blockchain: Singapore says blockchain payments project ready for commercial rollout – Reuters

Blockchain: Singapore says blockchain payments project ready for commercial rollout – Reuters

SINGAPORE (Reuters) - Singapore has developed a blockchain-based payments network that could enable faster and cheaper international settlements, authorities said on Monday, adding that the next step was a commercial rollout. The final phase of the years-long ‘Project Ubin’ saw the Monetary Authority of Singapore team up with state investor Temasek and J.P. Morgan (JPM.N)…

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Blockchain: Elliptic Follows Chainalysis in Adding Zcash to Monitoring Platform

Blockchain: Elliptic Follows Chainalysis in Adding Zcash to Monitoring Platform

Jun 30, 2020 at 13:00 UTCElliptic Follows Chainalysis in Adding Zcash to Monitoring PlatformBlockchain analysis company Elliptic has added two privacy coins to its monitoring platform. Announced Tuesday, the addition of zcash (ZEC) and horizen (ZEN) will provide exchanges and institutional investors insight into when a transaction trail ends so they can take additional due-diligence…

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Blockchain: Ethereum Developers Consider New Fee Model as Gas Costs Climb

Blockchain: Ethereum Developers Consider New Fee Model as Gas Costs Climb

Jun 29, 2020 at 17:10 UTCUpdated Jun 29, 2020 at 19:04 UTC(Jonathan Borba/Unsplash)Ethereum Developers Consider New Fee Model as Gas Costs ClimbThe Takeaway: Demand to transact on the Ethereum blockchain has pushed fees to uncomfortable levels.A new technical proposal helps address high fees by implementing a dynamic pricing system.Called EIP 1559, Ethereum users would now…

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Blockchain: ‘Satoshi Was a Black Woman’: Blockchain Entrepreneurs Talk Financial Inclusion on Juneteenth

Blockchain: ‘Satoshi Was a Black Woman’: Blockchain Entrepreneurs Talk Financial Inclusion on Juneteenth

Jun 19, 2020 at 22:28 UTCUpdated Jun 22, 2020 at 16:56 UTCJuneteenth Flag (Nafsadh/Wikimedia Commons)‘Satoshi Was a Black Woman’: Blockchain Entrepreneurs Talk Financial Inclusion on JuneteenthRacial diversity and financial inclusion are good for cryptocurrency and blockchain – and the industry has work to do. That was the overarching conclusion of a virtual Juneteenth event put together…

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Blockchain: IOTA Foundation Enters Base Layer Race With ‘2.0’ Testnet

Blockchain: IOTA Foundation Enters Base Layer Race With ‘2.0’ Testnet

(EEPROM Eagle/Wikimedia Commons)IOTA Foundation Enters Base Layer Race With ‘2.0’ TestnetIOTA is addressing the technical feature that nuked the blockchain-like network for nearly two weeks earlier this year. The IOTA Foundation announced Wednesday it is doing away with the “coordinator” that previously validated the blockchain’s transactions.The new “coordinator-less” network, billed as IOTA 2.0, is meant…

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Blockchain: BitPay Launches Prepaid Crypto Mastercard for US Customers

Blockchain: BitPay Launches Prepaid Crypto Mastercard for US Customers

Jun 16, 2020 at 09:00 UTCUpdated Jun 16, 2020 at 14:19 UTC(Valeri Potapova/Shutterstock)Blockchain payments provider Bitpay has launched a prepaid debit card enabling U.S. customers to spend their crypto holdings as fiat currency. Known as BitPay Card and provided through Mastercard, the offering enables U.S. users to spend bitcoin or other cryptocurrencies in stores accepting…

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