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business news
Mastercard Looks to Blockchain to Make Coupons Immutable
A patent application from Mastercard suggests that the payments giant is eyeing blockchain as part of a way to verify the authenticity of coupons.

Money Transfer Firms Join Ripple's Payment Network
Two money transfer firms are to open a new payments corridor using RippleNet, while a Kuwaiti bank has also signed up to use the service.

$65 Million: Blockchain Assets Platform Paxos Raises Series B Funding
Blockchain startup Paxos has closed a $65 million Series B funding round led by existing investors including Liberty City Ventures and RRE Ventures.

PwC Australia, Port of Brisbane Unveil Blockchain Supply Chain Pilot
PwC Australia, the Australian Chamber of Commerce and Industry and the Port of Brisbane are trialling a new blockchain trade solution.

IDG Backs Crypto Wallet imToken with $10 Million Investment
China-based crypto wallet startup imToken announced on Thursday that it has closed a $10 million Series A round fully funded by IDG Capital.

Forex Firm CLS Invests $5 Million in Enterprise Blockchain Startup R3
U.S.-based FX settlement provider CLS has made a $5 million investment in blockchain software startup R3.

Tradeshift Plans Blockchain Push After $250 Million Funding
Supply chain management firm Tradeshift says it will further expand into blockchain following a $250 million Series E round led by Goldman Sachs.

China's President Endorses Blockchain as Economic 'Breakthrough'
Chinese president Xi Jinping acknowledged the potential of blockchain in a speech this week, endorsing the nascent tech for the first time.

BitGo Taps New Sales Exec During Crypto Custody Push
BitGo has announced it hired Bloomberg Tradebook head Josh Schwartz as its new vice president of sales.

British FX Firm Currencies Direct Pilots Ripple Tech
Foreign exchange brokerage Currencies Direct successfully completed several international transfers using Ripple's xRapid product.
