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Crypto News Digest April 27 – May 3

Monday, April 27, 2020

New Dutch anti-money laundering laws make it near impossible for smaller crypto companies to operate in the country as a result of high registration fees and compliance costs.

Game developers are taking a step back from full out blockchain-powered games due to scalability issues.

Samsung has added a new digital apps section to the Galaxy Store.

Crypto exchange LGO Markets is now offering intraday loans to institutional investors, which enable cryptocurrency trading without the need for pre-funding.

Artificial intelligence start-up SenseTime is partnering with China’s Digital Currency Research Institute to transform China’s financial sector using advanced artificial intelligence systems.

Crypto exchange Binance has officially launched its mining pool.

IBM has launched a blockchain-based network, which connects buyers and producers of medical equipment and medical supplies amid COVID-19 shortages.

Tuesday, April 28, 2020

In an open letter to the US Treasury Department members of Congress are advocating for distributed ledger technology (DLT) as a more efficient way of distributing COVID-19 aid to the affected business and people.

Chinese city Ya’an is inviting cryptocurrency miners to take advantage of the city’s cheap hydroelectric power.

The World Economic Forum has published a guide on how to plan and carry out blockchain projects while emphasizing on supply chain and trade use cases.

Global payment services provider Checkout.com has joined the Libra Association. Checkout’s CEO motivated the decision with a common goal with the Libra Association of empowering billions of unbanked people to take part in the digital economy.

OpenLaw has launched a “Limited Liability Autonomous Organization” (LAO) targeted at US-based investors. The LAO is a type of venture capital vehicle, which invests ETH in eligible cryptocurrency projects. A unique feature of the LAO allows investors to pull out their funds at any given time.

Blockstack is opening its patent portfolio to companies and developers who are willing to build a barrier-free internet for the people.

Member of the US Commodity Futures Trading Commission (CFTC) and a long-time blockchain supporter Brian Quintenz will be stepping down from his post by November 2020.

A new socially driven registry Everest is aiming to become the Crunchbase of crypto.

Crypto exchange BitMEX has restricted the access of Japanese residents to its trading platform following amendments made to the Japan Financial Instruments and Exchange Act and Japan Payment Services Act.

Wednesday, April 29, 2020

Nasdaq has integrated the Corda blockchain platform into the Nasdaq Financial Framework to enhance the issuance, trading, settlement, and custody of digital assets.

Boerse Stuttgart Digital Exchange (BSDEX) has implemented a volatility interruption safe switch to prevent the execution of stop orders during market flash crashes.

A survey by crypto exchange bitFlyer has found that 66% of Europeans see cryptocurrencies still being relevant in 10 years’ time.

Tencent is planning to mentor up to 30 blockchain startups as part of a blockchain accelerator program.

Crypto mining pool OKEx has announced that it will be one of the first validators on the Ethereum 2.0 Topaz test network.

Thursday, April 30, 2020

Telegram has decided to postpone the issuance of its gram tokens by a year following a US judge ruling. To compensate investors for the delay Telegram is offering to return 72% of each investor’s stake. Alternatively, investors may also choose to lend their money for another year and receive 110% of their initial stake at the end of this period.

Clients of crypto exchange BTSE can now request a quote for trades up to $1 million up from $100 000.

Project running on the Tezos blockchain will now have access to Chainlink’s price oracles.

Overstock is looking to turn tZERO Crypto into the first platform to offer cryptocurrencies, security tokens, and traditional stocks in one place.

Friday, May 1, 2020

Crypto Exchange Bitfinex is looking for $800 million in lost funds after the funds held by Crypto Capital were reportedly seized in 2018 due to various money laundering activities on behalf of Crypto Capital.

Portfolio tracking and management application Blockfolio has patched a long-standing security vulnerability, which gave direct access to the application’s proprietary source code.

Sunday, May 3, 2020

Blogging platform Ghost has reported a malicious attack, which used a vulnerability in SaltStack to gain access to its servers and install crypto mining software.

Maker token holders have approved the addition of wrapped Bitcoin (wBTC) as collateral for DAI tokens.

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