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IBM joins Stronghold in launching an FDIC-backed stable digital token
Stronghold, a cryptocurrency startup, made an announcement on Tuesday introducing USD Anchor, a stablecoin which will run on Stellar’s blockchain platform and apply its consensus mechanism to validate transactions. USD Anchor will be backed one-for-one with U.S. dollars and held by Nevada-base... Read More
Booking Holdings pours in $500 million in China’s Didi Chuxing
China’s largest ride-hailing company, Didi Chuxing has added some strategic capital to its business after Booking Holdings, a travel industry magnate, made a $500 million investment in the company. According to the deal, Booking Holdings which was previously known as Priceline will work closel... Read More
SLA launches Southeast Asia’s first geospatial industry center
The Singapore Land Authority (SLA) has recently announced the launch of GeoWorks. Reportedly, this is the first Southeast Asian geospatial industry center in Singapore. For the uninitiated, geospatial technology, a technology that deals with location-based data is incorporated inside various food... Read More
Alibaba-Trendyol deal to augment Turkey e-commerce industry
Alibaba, China’s online retail giant has reportedly conducted the largest internet transaction in the history of Turkey to date. Through this deal with Trendyol, a leading mobile commerce company in Turkey and the MENA region, Alibaba plans to expand its presence in Turkey, say sources. As ... Read More