IdentityMind Global and BITPoint LATAM, a cryptocurrency exchange in Latin America, have announced a new partnership for KYC and AML compliance.
Currently, BITPoint is operational in Panama and Peru and plans to expand their territories into Latin America. The company already has a presence in five Asian countries, including Japan. BITPoint is among the few certified digital assets exchanges registered with the Japanese Financial Service Authority (JFSA).
Overstock.com subsidiary Medici Land Governance has signed a memorandum of understanding with Liberia to help the African nation digitize government services, a news release announced on June 10.
The pro bono pilot project will explore how Liberia can strengthen its economy through blockchain and enhance interoperability between government departments. As well as strengthen the country’s capacity to generate revenues, the release notes that such infrastructure could reduce corruption.
Blockchain-based mobile voting platform Voatz has raised $7 million in a Series A round led by Overstock’s Medici Ventures and Techstars.
Urban Innovation Fund and Oakhouse Partners also participated in the funding, according to an announcement provided to CoinDesk Thursday.
Voatz said it will use the investment to develop the accessibility and usability of its platform, as well as to boost security as it launches new pilots in partnership with states, cities and “select international jurisdictions.”
In the two years since GrainChain launched its distributed ledger-based transaction platform for bulk dry goods, the company has brokered thousands of contracts on everything from corn, sorghum, wheat and soybeans to even sand from its headquarters in McAllen, Texas.
Now the company is expanding its services to Mexico, partnering with the government of Tamaulipas to help farmers and grain elevators with commodity management and settlement.
Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, is implementing stronger know-your-customer (KYC) and anti-money laundering (AML) regulations to ensure data security and compliance across their global operations.
Following the launch of Bitcoin Lite in Australia, Binance announced today a new partnership with Medici Ventures portfolio firm, IdentityMind. This collaboration is part of a joint mission to help raise the blockchain industry’s standards by improving existing data protection and compliance measures.
Medici Ventures, the blockchain investment arm of Overstock, has acquired a 5.1 percent equity stake in blockchain banking startup Bankorus.
Announcing the news on Monday, Overstock said Bankorus’ blockchain platform allows individuals and institutions to “securely” buy, sell, store and lend digital assets.
“The addition of Bankorus to Medici Ventures’ portfolio of companies will further our work in building the foundation of a blockchain-based technology stack for society,” said Jonathan Johnson, president of Medici Ventures.
A bottle of red, a bottle of white, remember that Merkle trees keep your chain size light. That’s right: wine is now on the blockchain.
Vinsent, a new app that allows purchasers to pick up a bottle of fancy (mostly Israeli) vino, is turning to the blockchain to register wine futures purchases while ensuring that the bottles are authentic.
Vinsent came from VinX, a Medici-funded company that sought out to create a digital wine futures platform similar to the Bordeaux model.
Medici Land Governance, a subsidiary of Overstock’s venture arm Medici Ventures, has signed a memorandum of understanding with a local government in Mexico to create a digital land records system.
According to Monday’s announcement, the memorandum of understanding was struck with the municipal government of Tulum, which is located in the state of Quintana Roo. If built, the deal will allow officials there to collect data about land ownership and issue certificates of title to land in an effort to record such transactions automatically.
The Eastern Caribbean Central Bank (ECCB) is about to conduct a pilot for a blockchain-based central bank digital currency (CBDC) in preparation for its planned full rollout as a legal tender, possibly in 2020.
For the initiative, the ECCB late last month inked a deal with Barbados-based fintech firm Bitt to help conduct the pilot, with other technical support from Pinaka Consulting.
This CBDC pilot will involve a “securely minted and issued” digital version of the Eastern Caribbean dollar (XCD) and will be distributed for use by financial institutions across the Eastern Caribbean Currency Union (ECCU), according to an announcement from Bitt.