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Crypto News Today #44

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Crypto market is currently on fire.  

Bitcoin, Chainlink and many other cryptos are showing hints of a massive bull movement.  Bitcoin is hovering close to its next target of $12,000.

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While the focus is on the bull run that is expected to last for over a year, there are other news in the space that are silently bringing blockchain and crypto to the masses.

Let’s get to them.

NY Department of Financial Services (DFS) releases crypto greenlist 

DFS has issued a list of 10 coins approved for Custody and 8 coins for listing.  This means, any financial institute within NY State approved to do business by DFS can now offer custody services for these 10 coins.  The coins on the greenlist for Custody include:  Binance USD, Bitcoin, Bitcoin Cash, Ethereum Classic, Ethereum, Gemini Dollar, Litecoin, Pax Gold, Paxos Standard and Ripple.  Ethereum Classic and Ripple do not appear on the coins approved for listing by the DFS.  “Any entity licensed by DFS to conduct virtual currency business activity in New York may use coins on the Greenlist for their approved purpose(s). Note that if a licensed entity decides to use a coin on the Greenlist, it must inform DFS prior to beginning its use,” DFS stated in the update.

South Korea to use Blockchain for Highway Toll payments

Hana Bank and Korea Expressway Corporation have signed an MOU to introduce blockchain based services on the Highway Tolls.  People can now find out the non-payment of toll along with requesting and processing refunds by simply entering the vehicle number.  “Hana Bank announced that it had signed a business agreement with Korea Expressway Corporation to introduce blockchain technology-based services,” the Google translated news states.

IP Australia and National Rugby League to use blockchain to fight counterfeits

A trust badge using blockchain technology will be used to fight the counterfeits by IP Australia and National Rugby League (NRL).  According to the news, “Under the trial, two of the NRL’s official online merchandise stores, NRL Shop and Savvy Supporter, will be marked with the “trust badge” as visual proof that the website has been verified by IP Australia as authentic. The badge also provides a link to a registered trademark.”  The counterfeits in the sports merchandize is quite an headache for the manufacturers and a dire disappointment for the hardcore fans who pay big bucks for merchandize only to realize they got cheated.

China’s Loudi City to use blockchain to fight crime

China Digital Currency Electronic Payment (DCEP)-Coinzajeera“Blockchain technology creates a weapon to fight crimes,” said the Mayor of Loudi.  According to the google translated news, “Loudi Municipal Party Committee and Mayor Yang Yiwen emphasized the need to improve prevention and control technology and use blockchain when studying and promoting the use of blockchain technology to combat illegal crimes. Technology creates a weapon to combat illegal crimes and accurately combat crimes.” 

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