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Ethereum Chat Startup Status Lays Off 25% of Staff

Ethereum browser startup Status.IM is cutting a quarter of its staff due to the ongoing downturn in cryptocurrency prices. Announcing the move internally on Monday, co-founder Jarrad Hope said that the startup is much larger…


Porsche Arranges $170m Loan Using BBVA’s Blockchain Platform

Prestige car-maker Porsche has arranged a loan to back its proposed strategic acquisitions using Spanish-bank BBVA’s ever-developing distributed ledger technology (DLT) platform. The loan, valued at €150 million (the equivalent of nearly $170 million USD)…


EU Parliament Calls for Action on Blockchain Adoption in Trade

The European Parliament (EP) has called for measures to boost blockchain adoption in trade and business across the region. The legislative body adopted a resolution on Thursday, dubbed “Blockchain: a forward-looking trade policy,” setting out…




Russia Says Venezuela’s Petro Acceptance ‘Not Happening’

Russia has not discounted the idea of using state-issued cryptocurrency Petro in commercial operations with Venezuela. Russia: No Petro Payments ‘Yet’ Those were the words of deputy finance minister Sergey Storchak speaking to reporters this…