Microsoft to Add Blockchain Tools to Its Power Platform

American technology giant Microsoft will reportedly make blockchain-based tools available to PowerApps and Microsoft Flow users, tech-focused news outlet GeekWire reported on June 10. Microsoft will purportedly announce its plans to add blockchain tools to its Power Platform during the Microsoft Business Applications Summit on Monday in Atlanta. Specifically, artificial intelligence (AI) and blockchain tools will be included in the…

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Russia’s Third Largest Food Retail Firm Uses Blockchain-Based Open Trade Finance Platform

Russia’s third-largest food retail firm, Dixy, has implemented blockchain technology in its corporate finance system, according to a press release shared with Cointelegraph on June 5. The Moscow-based retailer has deployed blockchain in cooperation between suppliers and factoring firms, which represent third parties that purchase businesses’ invoices at a discount in order to help those businesses to raise funds. Specifically, following a successful pilot test, Dixy…

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Russia’s Largest Bank Confirms It Will Not Develop Crypto-Related Services

The CEO of state-owned Russian bank Sberbank has officially confirmed the institution’s decision to not develop crypto-related services, local financial publication Banki.ru reports on June 7. Herman Gref, Sberbank CEO and a former minister of economics and trade of Russia, claimed that the bank has never had any ambitious plans in the crypto space. Instead, the bank will now focus on blockchain applications for its…

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LocalBitcoins Stops Operating In Iran Due To Compliance Issues

LocalBitcoins has decided to stop operating in Iran due to compliance issues. LocalBitcoinsis one of the most popular peer-to-peer crypto exchanges in the world. However, the platform was criticized by the community when it banned in-person cash trading. LocalBitcoins Suspends Operations in Iran Due to Regulatory Constraints LocalBitcoins is again generating controversies after it decided to stop providing services to customers…

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Bitcoin Blender Cryptocurrency Mixing Service Shuts Itself Down

Cryptocurrency mixing service Bitcoin Blender has reportedly willingly shut down after issuing a short notice asking its users to withdraw their funds, tech news outlet BleepingComputer reportson May 30. Per the report, the message describing the service that appeared on the homepage of the website present both on the Tor network (often referred to as the darknet, dark web or deep web)…

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Japan Officially Approves Bill to Amend National Legislation Governing Crypto Regulation

The Japanese House of Representatives has officially approved a new bill to amend national laws that govern crypto regulation, Cointelegraph Japan reported on May 31. The bill — which had been prepared by Japan’s Financial Services Agency (FSA) and accepted by the House in mid-March of this year — has been passed by a majority in the House of Councilors plenary…

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International Organization of Securities Commission Looks to the Public Crypto Regulation Suggestions

Determining the best way to regulate the cryptocurrency industry has been a goal of multiple jurisdictions around the world. Now, the International Organization of Securities Commissions (IOSCO) has published a recent consultation paper on the matter, which was published on May 28th. The IOSCO is a standard setter for global securities regulations. In the news release for…

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