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Last Week Crypto News Today #3

Last Week News today 3

Let others get bogged down with information overload.  You, on the other hand, can focus on the news that has long term impact on the blockchain and cryptocurrency news.

That is why we go through the hard work of curating the entire week’s news to bring you the news that will bear impact on this space in the long run. 

Get all the news updates for the first half of 2019 here.

Here is the link to our previous editions of Last Week Crypto News Today #1 and #2.  We will curate all of these weekly news in one page for easy reference here.

Craig Wright loses in court

Self-proclaimed bitcoin creator, Craig Wright, may be digging himself deep into legal troubles. Craig’s claims about him being Satoshi and having millions in Bitcoin puts his bitcoin asset value at $10 Billion. Court has already leaned toward sharing all the bitcoin mined by Wright before 2013 with Kleiman.  In a recent video interview, Craig suggestions indicated that he is probably going to shy away from the court orders and since he doesn’t have any assets in the US, he believes that the US court may not have much to seize.

Switzerland’s FINMA re-affirms the applicability of financial laws to blockchain technology

Switzerland crypto adoptionIn a guidance published on August 26, 2019, FINMA has reaffirmed its technology neutral approach to blockchain technology.  Because of the potential risks of money laundering and terrorist financing aspects that come with the anonymity of blockchain based transactions, FINMA reminded companies operating in the blockchain space to ensure they follow the financial laws as they relate to AML and KYC.

Estonia grants crypto trading and custody license to WEG Bank

estonia crypto adoptionWEG Bank confirmed in a tweet that it has now secured license to be a crypto trading and custody services provider in Estonia.  The official tweet read “Working out of a premium regulatory environment is one of our key assets. We announce that as of today we have secured full access to a crypto trading and custody license in Estonia and are equally applying for a securities trading and custody license in Germany.”

US Air Force joins SIMBA Chain for Supply Chain Security & Constellation for big data management

Simba Air force logoMicrosoft Azure based SIMBA Chain has been chosen to help the US Air Force with its complex supply chain aspects.  “With SIMBA, the Air Force’s BASECAMP project will be able to decentralize Additive Manufacturing in the field while maintaining the integrity of data. This means that repairs to vehicles can’t be tampered with by a third party, as top-secret 3D printing plans could be transmitted to forward forces without unwanted surveillance,” according to the press release.

USAF also joined Constellation to tackle its big data and blockchain initiatives.  USAF stated, in a Press Release: “AFRL and AFWERX have partnered to streamline the Small Business Innovation Research process in an attempt to speed up the experience, broaden the pool of potential applicants and decrease bureaucratic overhead. Beginning in SBIR 18.2, and now in 19.2, the Air Force has begun offering ‘Special’ SBIR topics that are faster, leaner and open to a broader range of innovations.”

Wikipedia joins BAT Network

Wikipedia logoBAT network is growing fast.  They onboarded Twitter few weeks ago to enable tipping using BAT.  Now, Wikipedia has become a verified publisher on the BAT network. “Wikipedia is now a Brave Verified Publisher, Ready to Receive BAT Donations from Brave Users,” read the official announcement on BAT website.

Binance starts lending business

binance logoCZ announced on Twitter that Binance will enter lending business.  According to the information on Binance website “Whether you’re a crypto HODLer trying to maximize gains or a frequent trader who wants to take a break from the action, Binance’s Lending products allow you to accrue interest & increase your token balance regardless of how the market moves.”

Probably a great time to open Binance account to participate in lending to earn interest.

Elwood Asset Management targets to reach $1 Billion in Crypto assets

Elwood Asset Management cryptoLondon based Elwood Asset Management is looking to design portfolios for crypto investors to help them pick the right portfolio based on the investor’s appetite for risk.  Elwood has partnered with Invesco Japan in July to increase penetration in crypto space.  Bin Ren, CEO of Elwood, commented: “We are very excited to be partnering with Invesco Japan to offer Japanese investors exposure to blockchain technology. In Japan there are currently very few investment offerings which provide access to the opportunity presented by blockchain, perhaps due to the fact that its application has been typically thought of in the narrowest of terms and predominately linked to cryptocurrencies.”

TELX facilitates crypto transactions via SMS

telx crypto adoptionNow you can send Cryptocurrencies via SMS, thanks to TELX SIM smartphone card.  This SIM card is expected to work in 180 countries.  TELX will support multiple cryptocurrencies and facilitates sending cryptocurrency via SMS to any phone number in the world.   TELX is also using a phone number which will become the address in place of confusing public keys. 

Smartlands closes Security Token Offering in Student Accommodation in UK

smartlands security tokenSecurity Token Offering that promises 16% return per year over 3 years (for a NET total of 47%) has successfully finished its offering.  Smartlands.io made the announcement: “The investment target was reached during the private placement of security tokens as beneficial interest in shares of a student accommodation block in Nottingham, UK, valued by Knight Frank at £12.06 million in Sept, 2018.”

Please let us know if we have missed any important news?

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Binance now allows Lending with interest rates of up to 15%.  Open your Binance account.

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About the author

RK Reddy holds two Masters degrees, one in Accounting and another in Business Administration with over 15 years of experience in the financial services industry.

Read more about the author here.

 

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