Paxos Receives “No-Action” Letter from SEC to Settle Blockchain-based Equities

Paxos Receives “No-Action” Letter from SEC to Settle Blockchain-based Equities

Paxos is planning to streamline equities settlement by using a regulatory compliant blockchain-based process. The Paxos Trust Company received a no-action relief letter from the US Securities and Exchange Commission (SEC) on October 28, in order to conduct equity securities trading on a blockchain-enabled platform designed specifically for broker-dealers.  Paxos’s management revealed that Credit Suisse…

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World Economic Forum Partners Major Mining Firms to Work on Blockchain Sourcing Project

World Economic Forum Partners Major Mining Firms to Work on Blockchain Sourcing Project

The World Economic Forum (WEF), a Cologny-Geneva-based NGO that aims to improve the state of the world by engaging world leaders to shape global agendas, will work with seven large mining and metal firms to create blockchain software to help with sourcing materials in a more responsible and sustainable manner. The Mining and Metals Blockchain…

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“Hell No”: Twitter CEO Jack Dorsey Confirms He’ll Never Join Facebook’s Libra Project

“Hell No”: Twitter CEO Jack Dorsey Confirms He’ll Never Join Facebook’s Libra Project

Jack Dorsey, CEO of two multi-billion dollar companies, microblogging network Twitter and payments technology firm Square, has said that Twitter will never join the Facebook-led Libra stablecoin project. On October 24, a Twitter thread by Hollywood Reporter editor Alex Weprin, who was attending an event held at Twitter’s New York location, revealed that Dorsey wants…

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