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$100 Billion in Bitcoin Hasn’t Moved in Over 1 Year, And Its Bullish
The cumulative sum in dormant bitcoin addresses surpassed 12.58 million BTC, worth just about $100 billion at current price. It indicates most investors are holding strong despite volatility in the market.
It also demonstrates that amidst one of the steepest falls in recent history from $13,900 to $6,410, the majority of investors were holding onto bitcoin.
Max Chuard, CEO, Temenos, said: “It is a great privilege to continue our ongoing support of BNP Paribas Securities Services as they continue to optimize their global fund administration operations and enhance operational efficiency. Throughout this long-standing partnership, our goals have been consistently aligned to BNP Paribas’ who have adopted our market-leading products to enhance fund administration with sophisticated workflow, production and control techniques. With a 20-year track record for providing leading fund administration software that supports $7 trillion assets and more than 30,000 funds across 30 countries, Temenos has the blueprint for transformative software that delivers greater efficiencies, reduced costs and enables our clients to take advantage of future growth opportunities.”
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AI can save consumers millions of dollars
Australia’s new breed of digital banks are introducing artificial intelligence to stop the inertia that costs consumers millions of dollars annually.
Big banks and other bill providers have earned big profits for many years from customers who don’t examine their payments or search for better deals.
MORE >>>ExxonMobil to let drivers pay for their gas through Alexa
ExxonMobil is teaming up with Fiserv to enable American drivers to pay for their gasoline using Amazon Alexa.
Drivers with Alexa-enabled vehicles, Echo Auto, and other Alexa-enabled mobility devices will be able to say, “Alexa, pay for gas” when they pull up to the pump at more than 11,500 gas stations.
Alexa will confirm the station location and the pump number and then technology from Fiserv will activate the pump and facilitate token generation, with payments processed through Amazon Pay.
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Grab, Singtel to Launch Digital Bank in Singapore
Singapore’s Grab on Monday said it would partner with communications company Singtel to form a digital bank that would cater to digital-first consumers, as well as SMEs.
The two companies have applied for a digital banking license in Singapore.
Devin McGranahan, senior group president, global business solutions, Fiserv, says: “The age of connected commerce is here, and voice-activated smart devices will play a pivotal role in the future of payments by streamlining the way consumers make purchases every day.”
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Union Square Ventures leads legal tech startup Juro’s $5M Series A
Juro, a UK startup that’s using machine learning tech and user-centric design to do for contracts what Typeform does for online forms, has caught the eye of Union Square Ventures. The New York-based fund leads a $5 million Series A investment that’s being announced this morning. Also participating in the Series A are existing investors Point Nine Capital, Taavet Hinrikus (co-founder of TransferWise) and Paul Forster (co-founder of Indeed).
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