401(k) comes to Bitcoin, Digital Dollar whitepaper, Tagomi’s acquisition by Coinbase, VeChain’s partnership with Bayer, Samsung’s partnership with Gemini, and lots more to cover, it is quite difficult to decide where to begin.
Before we proceed, we hope that you all are doing well and keeping safe.
Coinbase to acquire institutional crypto brokerage, Tagomi
In a blog post, Coinbase has confirmed that it is acquiring Tagomi, an institutional grade crypto brokerage. The acquisition is pending customary closing formalities and regulatory approvals. “We’re proud to build the foundation for the next wave of crypto investors by bringing onboard the first electronic prime brokerage in crypto. Even in a time of uncertainty, we view now more than ever as the time to push forward our mission of building the crypto-economy. We recognize that the journey is only just beginning, but we’re excited to be builders, and we welcome Tagomi to our mission,” the announcement according to Coinbase blog said.
Samsung’s crypto wallet to integrate Gemini crypto exchange trades
Samsung is marching on its quest to become the blockchain smartphone of choice. Gemini crypto exchange has announced this partnership. The announcement reads “Gemini is partnering with Samsung Blockchain to power the Samsung Blockchain Wallet. This integration allows Samsung Blockchain Wallet users to connect to the Gemini Mobile App to buy, sell, and trade crypto. Gemini is helping bring crypto to the fingertips of Samsung Blockchain Wallet users in the United States and Canada.” The feature will be available on the Samsung Galaxy models.
Adani Ports digitizes supply chain using IBM blockchain
India’s biggest private port operator has signed up with TradeLens, a blockchain-based digital container logistics platform which was developed by Maersk and IBM. “The TradeLens partnership will enable greater ease of doing business across the supply chain by replacing manual, time consuming administrative process with digital procedures powered by blockchain technology,” the news read. The project is expected to result in millions of dollars in cost savings while helping reduce the delays by reducing the lead time.
Iran to develop national strategy for crypto mining
According to google translated news, Iran President Hassan Rouhani has asked the Central Bank of Iran to create a national strategy on crypto mining. The translated news indicates that “at the 137th session of the government’s Economic Coordination Headquarters was held on Tuesday under the chairmanship of Hojjatoleslam Hassan Rouhani, the Ministries of Energy, Communications and Information Technology, as well as the Central Bank, were tasked with following up on the issue of digital currency mining and related framework.”
VeChain partners with Bayer China
Bayer China has partnered with VeChain to increase clinical trial traceability in drugs. VeChain was selected under the 2019 Bayer China G4A Partnerships Program. The VCBeat revealed that the “challenge was to find a solution that can help improve data transparency, effectiveness, and traceability of drug management in clinical research. Blockchain technology’s high security, traceability, and unchangeable features coincide with such demands. Therefore, this cooperation was finally reached by a blockchain technology company, VeChain.”
Brave takes a stab at Zoom by introducing Unlimited Videos from within browser
You can now conduct end-to-end encrypted video calls through Brave browser. No extra software or subscriptions required. Brave announced the Unlimited Videos from browser feature via Twitter.
Our Nightly version for North America now features Brave Together, our private and unlimited video calling service based on open source @jitsinews. Click on the widget & start connecting with friends/colleagues. Feedback welcome at https://t.co/SWLpcAKZDq for this trial version. pic.twitter.com/UPFE13Z0xB
You can check out the Video Calling here: https://together.brave.com/
Samsung elevates data protection with new Security Chip solution
Samsung is not only increasing its footprint in the blockchain wallets space, it is also upgrading the data protection features on its devices. Samsung announced that “The new security solution is a state-of-the-art component that offers higher assurance levels than its predecessor’s CC EAL 5+ with an industry-leading CC EAL 6+ certified-hardware secure element, S3FV9RR, and powerful security software. CC EAL 6+ is utilized in applications that demand the most stringent security requirements in the market such as flagship smartphones, e-passports and hardware wallets for cryptocurrency.”
India OK with Crypto trading
Indian government’s response to a Right to Information (RTI) petition confirmed that crypto trading is OK in India. Harish BV, Co-Founder of UnoCoin, filed for an RTI and has posted the response on this twitter post. The RTI response clarified that there are no prohibitions from RBI on banks providing services to crypto exchanges and crypto traders.
An RTI was filed by @bvharish Co-founder of Unocoin.Question: Does RBI prohibited any banks from providing the bank accounts to crypto exchanges or crypto traders ?Answer from RBI: As on date no such prohibition exist.Great, now you can show this RTI to your bank. ?? pic.twitter.com/n5iqGCSQtd
Facebook Libra rebrands as Novi
Facebook is jumping through the hoops to bring its Libra project to life. The latest effort involves a makeover to the name of the company, Calibra, that is tasked with launching its cryptocurrency Libra. Calibra will now be called Novi. A post on Facebook’s official page, authored by David Markus, announced “the new name and brand for the digital wallet that will help people send and hold Libra digital currencies.” The announcement also alludes to the KYC and customer support aspects which indicates that the project might launch sooner than we thought. “All Novi customers will be verified using government-issued ID, and fraud protections will be built in throughout the app. And, whenever you need it, you’ll have 24/7 access to our chat-based support and customer care team.”
401(k) comes to Bitcoin
Listen up millennials – you now have the option to invest in bitcoin through your 401(k). BitWage announced that with the help of strategic partnership between Leading Retirement Solutions, Kingdom Trust and Gemini, people will be able to invest in Bitcoin through their 401(k). The blog post revealed that “What this means is that companies can offer employees the ability to invest traditional/pre-tax and roth/post-tax 401k dollars into Bitcoin.”
Digital Dollar Project releases Whitepaper
The Digital Dollar project continues to push through. A whitepaper has been released by the Digital Dollar Foundation. The whitepaper describes that “the Project seeks to advance the public interest by future-proofing the dollar for consumers and institutions across both domestic and global economies. Given the US dollar‘s status as the world’s primary reserve currency and exploration of CBDC by other national governments and stakeholder organizations, the Digital Dollar Project sees piloting a US digital dollar across a range of use cases as a critical and prudent initiative for the United States to begin now. “
Thank you for reading and sharing this article.
We have been tracking the most important news in blockchain and crypto space since 2017. You can check out all the chronicled news here.
Consider subscribing to our newsletters to receive these news updates in ONE neat email per week along with other freebies that we give away once-in-a-while.
Thank you for reading and sharing this article.
Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.
We do not endorse or guarantee the accuracy of the information and claims made.
All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.
Get ‘Week in Crypto’ news updates in ONE email.
We never spam your inbox and we only send one email per week
with updates, news, eBooks, tax updates, and more!
Get knowledge, not spam! Subscribe here.