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The Fantom platform has been outperforming all expectations since its original introduction with its lightning-fast network speed and low transaction fees. More and more users have begun using the platform, as through Fantom’s innovative technology they can achieve transactions instantly at nearly zero cost. This amazing milestone comes after Fantom’s recent successful network upgrade, which optimizes user experience through maximizing transaction speed and efficiency. The upgrade ensured user transactions could be completed within 1 second,...

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Future FinTech Group Inc. (NASDAQ: FTFT) (“Future FinTech”, “FTFT” or “the Company”), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it closed the registered direct offering of 5,737,706 shares of its common stock at a purchase price of $6.10 per share on April 6, 2021. The gross proceeds of this offering are approximately $35 million. The Company issued a total of 5,737,706 shares of its common stock in the offering. The net proceeds...

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Future FinTech Group Inc. (NASDAQ: FTFT) (“hereinafter referred to as Future FinTech”, “FTFT” or “the Company”), a leading blockchain-based e-commerce business and a fintech service provider, announced today that on March 26, 2021, the Company signed a framework agreement (the “Frame Agreement”) with Nanjing Shunru Electronic Technology Co., Ltd. (“Nanjing Shunru”) to purchase approximately 20,000 Antminer bitcoin mining machines, which will provide a combined 200 Petahash per second (PH/s) hash rate, which accounts for about 0.12% of Bitcoin’s total...

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Kraines joins DCG after serving as President and CFO of Trading Technologies. DCG’s first-ever CFO brings more than 25 years of experience in the financial technology sector. Digital Currency Group (DCG), a global enterprise that builds, buys, and invests in blockchain companies, today announced the appointment of its first-ever Chief Financial Officer, Michael Kraines, effective immediately. Kraines joins DCG from Trading Technologies, where he served as President and CFO. Kraines brings over 25 years of financial...

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Future FinTech Group Inc. (NASDAQ: FTFT) (“hereinafter referred to as Future FinTech”, “FTFT” or “the Company”), a leading blockchain e-commerce company and a service provider for financial technology, today announced that on February 26, 2021, the Company received registration certificates for ten software copyrights related to blockchain technology applications issued by the China National Copyright Administration (“CNCA”). On December 31, 2020, the China Copyright Protection Center of the CNCA accepted the Company’s application for these copyrights, which were first submitted for review...

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Major retail companies and small business owners alike regularly have to deal with high interchange fees, slow settlement times, card skimming and chargebacks. By replacing traditional payment processing with new blockchain technology, RowanPay revolutionizes the everyday activity of making a payment. The network integrates effortlessly with traditional Payment Processors. Merchants are settled within 24 hours. Processing B2B and Cross-border payments can benefit from RowanPay’s flexibility as well. The RowanPay network was built from the ground...

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DAEM Technology Limited (DAEM Technology), a wholly owned subsidiary of ixFintech Group, announced its new product, the ixWallet. ixWallet is a truly distributed ledger wallet, meaning that all the user savings are on the blockchain. It allows users to send/ receive digital assets, as well as to review the ixCrypto Index. The wallet application is now available on both AppStore (for iOS) and Google Play (for Android). To facilitate the download and use of the...

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Mitsubishi Electric Corporation (TOKYO: 6503) and Tokyo Institute of Technology (Tokyo Tech) announced today their joint development of an original blockchain technology that can optimize peer-to-peer (P2P) energy trading. The technology is expected to contribute to more effective use of surplus electricity from renewable energy by creating trading environments that flexibly respond to shared trading needs, particularly to maximize the amount of surplus electricity available in the market at any given time. Beginning in April, the P2P energy trading...

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