Blockchain database firm SxT Labs raises $20M in Series A round

According to CoinShares, digital asset investment products saw outflows totaling $54 million last week. 509 Total views 5 Total shares On May 15, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” which revealed that digital asset investment products experienced another week of consecutive outflows, with a total of $54 million…

Over 50 banks participated in the simulation of letter of credit transactions on R3’s blockchain platform in 27 countries on six continents. The company announced the development in a press release published on May 8.Per the release, 96% of the participants said that the system — dubbed Voltron — will accelerate and reduce the cost…

Stephen Bearpark is a 3-year veteran of Amazon and former finance director for Barclays. 3433 Total views 24 Total shares Cryptocurrency exchange Bitstamp has hired Stephen Bearpark, a former finance director at tech giant Amazon, as its chief financial officer.In an announcement today, Bitstamp said it would be appointing Bearpark to the executive position where…

It’s been a relatively calm time for Bitcoin this week. The price has dropped a little, but not much and it’s still tickling $10,000. That makes concerns about a correction that takes the coin as low as $7,700 feel moot. If it happens, some experts say it would be a buying opportunity. Others though, think…

A return to the $73,000 price range for BTC will likely be met with short-term holder resistance but could also mark a turning point for the asset.

Bitwise’s Matt Hougan said the idea that US politicians are even considering Bitcoin as a reserve asset is a monumental step given it felt more like a “daydream” a year ago.

The Cardano (ADA) network will perform a scheduled upgrade on Feb. 20 to introduce Ouroboros BFT, an improved consensus mechanism. The update is an intermediate step between the current Byron era and Shelley, which will introduce staking on mainnet.Announced by IOHK on Feb. 19, the upgrade will be executed on Thursday at 9:44 PM UTC,…

American financial services company Wells Fargo & Company is planning to launch a pilot of a distributed ledger technology (DLT)-based internal settlement service in 2020.In a Sept. 17 press release, Wells Fargo described a DLT-based platform designed to perform internal book transfers of international payments within its global network using digitized cash. The company claimed…

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekAnother day, another all-time high — Bitcoin hits $24,000 in weekend surgeOn…