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Factom Creditor Refuses Funding Request, Forced Into Liquidation

Source Node: https://insidebitcoins.com/news/factom-creditor-refuses-funding-request-forced-into-liquidation/256652
Time Stamp: April 6, 2020 5:30 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Factom, a blockchain company, has failed to secure further funding to sustain itself. As a result, the company has now been forced to begin the process of liquidation.Liquidation After Failure To Get More FundingThrough a notice published on the 2nd of April, 2020, FastForward, the largest investor within the company, announced the “dissolution event” to the public. Through the statement, FastForward explained that the Factom directors within the 31st of March board meeting had come to a conclusion. This conclusion was that, due to the lack of future funding being

Factom Facing Liquidation After Creditor Refuses Request for Funding

Source Node: https://cointelegraph.com/news/factom-facing-liquidation-after-creditor-refuses-request-for-funding
Time Stamp: April 6, 2020 2:05 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

After failing to source additional funding, blockchain company Factom has begun the process of being liquidated. In an April 2 notice to investors, Factom’s largest investor FastForward announced the “dissolution event”: "The Company has been notified by the directors of Factom that in a board meeting on 31 March 2020 they concluded that, in the absence of further funding, they now needed to begin the process of assignment of assets for the benefit of creditors.”Citing their failure to secure additional funding, FastForward declared Factom would now enter receivership. As Factom’s largest creditor,

Blockchain Provides Trusted Data to Counter Spread of Coronavirus

Source Node: https://cointelegraph.com/news/blockchain-provides-trusted-data-to-counter-spread-of-coronavirus
Time Stamp: April 4, 2020 7:52 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

With each passing day, new data regarding the coronavirus pandemic is being brought to the public’s attention. From the number of cases in various regions to ever-changing safety procedures like wearing masks in public, COVID-19 data is clearly present, yet remains inconsistent.While a lack of accurate information may be frustrating on a personal level, ever-changing data is taking a toll on the health officials and researchers working effortlessly to help subdue the coronavirus crisis. To combat the issue, the San Francisco-based blockchain security company Hacera launched a data analytics platform

As Malta Delays Regulatory Clarity, Fewer Firms Remain on ‘Blockchain Island’

Source Node: https://cointelegraph.com/news/as-malta-delays-regulatory-clarity-fewer-firms-remain-on-blockchain-island
Time Stamp: April 3, 2020 11:31 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

It seems that Malta is becoming both less popular among and less populated with crypto firms. The European Union country attracted dozens of industry players in 2018 on the back of the “blockchain island” agenda championed by the local government, but the relevant framework has not yet proven to be effective. Meanwhile, the official rhetoric apparently started to shift away from the blockchain sector, as the government now aims to consolidate it with “other niche sectors.”Meanwhile, the Malta Financial Services Authority, continues to pluck out non-registered crypto agents — be