German company Varjo Technologies has announced a $31 million Series B investment, led by Atomico and Seimens-backed Next47, that will help it launch the world’s first human-eye resolution virtual reality and mixed reality product. It will also be the world’s first VR / XR hardware and software product specifically designed for industrial use, allowing professionals in […]
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Microsoft and Grab, the on-demand transportation, mobile payments, and online-to-offline services platform in Southeast Asia, announced Monday (October 9) a strategic partnership in which Grab will tap Microsoft’s machine learning and artificial intelligence capabilities. In a press release, the companies said that in the first step of the partnership Grab will adopt Microsoft’s Azure as […]
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Google is readying an appeal of the European Union’s record €4.34bn fine, which it was slapped with in July over its Android mobile operating system. According to the Financial Times, Google has until Wednesday (October 10) to file an appeal with the European Court of Justice against the European Union decision which was meted out […]
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Dubai’s state-backed digital currency emcash will soon have its own payment system for goods, services, and other transactions. Consumers in Dubai will soon be able to use digital currency to pay for goods, services, and utilities following a new government partnership, a press release confirms Tuesday, Oct. 9. The deal between emcredit, a subsidiary of […]
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PwC will provide tech expertise to decentralized lending platform Cred in the launch of their USD-backed stablecoin. “Big four” audit giant PricewaterhouseCoopers (PwC) has partnered with decentralized lending platform Cred to provide tech expertise in the launch of their USD-backed stablecoin, the company announced on Monday, October 8. In the announcement, the professional services firm […]
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The United Arab Emirates’ national securities regulator plans to introduce ICOs for capital markets in 2019, having approved their regulation under securities laws. The United Arab Emirates (UAE)’s national securities regulator plans to introduce Initial Coin Offerings (ICO) for capital markets in 2019, Reuters reported Oct. 8. Reuters notes that the regulator has embraced the […]
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China aims to “attract talent” and “explore application” of blockchain tech with new pilot zone. China’s Hainan Province became the host of the country’s “first” officially licensed “‘blockchain pilot zone” Monday, Oct. 8, China’s official state-run press agency Xinhua reports. With its base at the Hainan Resort Software Community (RSC), a dedicated tech space and […]
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GMO says its new coin will be focused on remittances, praising the success of the stablecoin market. Japanese internet conglomerate GMO Internet Co. Ltd confirmed plans to release a cryptographic stablecoin Tuesday, Oct. 9, pegged to the Japanese yen. GMO, which entered the Japanese cryptocurrency exchange market in May last year, intends to begin issuing […]
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U.K .digital currency exchange Coinfloor is reportedly laying off the greater part of its staff amid a “business restructure.” British cryptocurrency exchange Coinfloor is laying off the majority of its staff, news outlet Financial News reported Oct. 8. Coinfloor is a London-based digital currency trading platform founded in 2013. Coinfloor is reportedly the oldest crypto […]
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A recent analysis from Diar shows that U.S. dollar volumes on Coinbase in the third quarter of 2018 were the lowest in over the year. In the third quarter of 2018, San Francisco-based cryptocurrency exchange Coinbase’s U.S. dollar volumes hit a 1-year low, according to a recent analysis of Diar published October 8. According to […]
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