Bitcoin price crossed the $10,000 mark briefly this week and as usual Coinbase went offline with their standard ‘we are sorry for fkng you’. Other than the routine a lot of things happened this week in crypto.
Russia gray zones Cryptocurrencies
It’s official. In a document titled “On Digital Financial Assets” made available for public comment, Russia’s State Duma put all cryptocurrencies in the gray zone. Individuals are not restricted to own digital currencies, at the moment, however this less than favorable view on cryptos by the government could hamper the growth of crypto space in Russia.
InterWork Alliance Launches to Standardize Token-Powered Ecosystems Worldwide
The InterWork Alliance (IWA) has officially launched with notable names as members including Accenture, Chainlink, Nasdaq, IBM, ING, Microsoft, and more. IWA will operate as a non-profit to create standard frameworks across tokenized ecosystems. “Companies want to be able to create token-based business models without having a platform technology in mind. For this approach to work, standards are urgently needed around defining what a token is and how its contractual behaviors will work,” said InterWork Alliance President Ron Resnick.
Crypto.com Becomes the First Cryptocurrency Company to Achieve ISO/IEC Certification
Privacy risk management milestone has been achieved by Crypto.com as it became the first cryptocurrency company to achieve ISO/IEC 27701:2019 certification. “Considered the new standard for data privacy, ISO/IEC 27701:2019 specifies the requirements for establishing, implementing, maintaining, and continuously improving a Privacy Information Management System (PIMS). It also includes requirements for the assessment and treatment of information security risks specific to the needs of the organization,” according to a blog post by Crypto.com
Joe Rogan uses Brave browser
Joe Rogan’s fans had the opportunity to learn about the Brave browser. Joe made comments about how big companies are snooping at our information and how he dislikes these practices. He then mentioned that he uses Brave Browser as his preferred browser and DuckDuckGo as his search engine. While DuckDuckGo is not as fast as google – Joe hinted that is a sacrifice he can live with. Brave team has launched an exclusive page on its official website to capitalize on this new found publicity.
Coinbase wants to sell user analytics to DEA and IRS
Those who thought they could evade taxes will soon be reminded of the famous quote attributed to Einstein “Taxes and death”. Crypto community reacted rather negatively to the news that Coinbase will license its analytics capabilities to the agencies. “Both the DEA and IRS have expressed interest in awarding contracts to Coinbase for an analytics platform called Coinbase Analytics. The developments come a year after Coinbase’s controversial purchase of intelligence firm Neutrino, and Neutrino is mentioned in the IRS documentation,” according to The Block.
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