U.S. fintech startup Stripe valued at $20 billion in latest funding round

Payments startup Stripe said on Wednesday it has raised $245 million in funding, better positioning the company to expand to new markets globally and attract bigger customers. The new funding round values San Francisco-based Stripe, whose products make it easier for companies to accept online payments and bill customers, at …

Andy Warhol’s Multi-Million Dollar Painting Tokenized and Sold on Blockchain

In a world first, an artwork worth millions of dollars has been tokenized and sold on blockchain. 14 Small Electric Chairs, a two-meter high painting by the late renowned American visual artist Andy Warhol, was sold on blockchain-based art investment platform Maecenas to 100 participants. Approximately US$1.7 million was raised …

Alibaba Has Filed for over 10% of the World’s Blockchain Patents: Research

China’s ongoing drive to dominate the emerging global blockchain technology sector has been underlined by news that Alibaba Group Holding alone filed more than 10 percent of all blockchain patents worldwide in 2017. Intellectual Property Rights Arms Race Research by Thomson Reuters shows that 56 percent of all 406 blockchain …

Australia to Build Blockchain-based Smart Legal Contracts with IBM

An independent Australian federal government agency CSIRO’s (Commonwealth Scientific and Industrial Research Organisation) research arm Data61, has formed a consortium with law firm Herbert Smith Freehills and tech giant IBM to build Australia’s first cross-industry, large-scale, digital platform to enable Australian businesses to collaborate using blockchain-based smart legal contracts. The …

Coinbase Survey Reveals High Interest in Cryptocurrency at Universities

A recent study conducted by Coinbase shows that university students have demonstrated a keen interest in taking courses related to blockchain technology and cryptocurrency, in addition to roughly 18% stating they own at least some cryptocurrency. The nationwide survey, which was completed by 675 students, shows that 21 of the …

Capital One Wants to Authenticate Users on a Blockchain

Blockchain adoption continues to rise in the banking sector, with the news that Capital One has applied for a patent to potentially develop a blockchain system that authenticates new users in a secure manner. Capital One is a bank holding company specializing in credit cards and bank loans, making security …

110-Year-Old UPS Eyes Blockchain to Streamline Delivery Logistics

Century-old delivery giant United Parcel Service (UPS) believes that blockchain technology could help streamline package delivery logistics across a global supply chain. According to documents published by the US Patent & Trademark Office (USPTO) on Thursday, the Georgia-based UPS has applied for a patent that utilizes blockchain and distributed ledger …

Actively managed blockchain fund launches into crowded ETF field with bets on Square, AMD

A new blockchain exchange-traded fund launched Wednesday on the New York Stock Exchange. The REX BKCM ETF (BKC) holds shares of 32 companies working in cryptocurrencies or their underlying blockchain technology. The ETF is run by Rex Shares and actively managed by Brian Kelly, a CNBC contributor and head of …