Home / Blockchain / Walmart embraces Blockchain, Google makes 180 on Crypto-Ad Ban

Walmart embraces Blockchain, Google makes 180 on Crypto-Ad Ban

Coming every Sunday, Hodler's Digest will help you keep track of every single important news that happened this week. The best (and worst) quotes, the salient points of adoption and regulation, the main currencies, the forecasts and much more – a week on Cointelegraph in a single link.

Top Stories This week

Top Stories This week

Google reverses Crypto Ad Ban, allows cryptographic exchanges in Japan, in the United States to advertise

The US tech giant Google is set to update its advertising policy in October, allowing it to advertise cryptocurrency trade in the United States and Japan. According to the official announcement, starting in October, Google will allow registered cryptocurrency exchanges to advertise on its Google Adwords platform, directing the public to the United States and the Japanese. The announcement notes that advertisers will need to be certified with Google in the country where the ads will appear.

Walmart announces the mandatory use of Blockchain for suppliers of green leafy vegetables

US giant Walmart and its Sam & # 39; s Club division, a member-only retail club, will require green leafy vegetable vendors to implement a blockchain technology-based traceability system from farm to store. Walmart, that is set to introduce a similar traceability system "for other suppliers of fresh fruit and vegetables by next year" notes that over 100 companies will need to implement the IBM blockchain service.

"Tokyo Whale" Mt. Gox Trustee publishes Final Crypto Selloff equal to $ 230 Mln

Nobuaki Kobayashi, the trustee of the deceased cryptocurrency exchange Mt.Gox, issued a new statement this week that recorded the settlement of nearly 26 billion yen ($ 230 million) in Bitcoin and Bitcoin Cash in about four months. Kobayashi, which is known as the "Tokyo Whale" due to the numerous sales rounds of cryptocurrencies that it has undertaken on behalf of Mt.Gox since the third quarter of 2017, said it had sold 24.658 BTC and 25.331 BCH "During the period from the tenth meeting of creditors in bankruptcy proceedings (ie, from March 7, 2018) at the beginning of civil rehabilitation proceedings".

Bakkt announces the first offer destined to be a physical future of Bitcoin

The Intercontinental Exchange (ICE) has confirmed that its first offer of the Bakkt cryptocurrency platform will take the form of physical futures of Bitcoin. ICE, which also operates the New York Stock Exchange (NYSE), said Bakkt – a "regulated ecosystem" for institutional investors with the goal of obtaining exposure to cryptocurrency – will be offer futures against at least three fiat currencies: the US dollar, the pound sterling and the euro.

Coinbase announces a new listing process for digital resources

Cryptocurrency exchange Coinbase has announced a new process that will allow you to list more digital resources faster. According to the announcement of Coinbase, the new process refers only to digital resources that comply with local law, which means that some activities listed on the platform may only be available to customers in particular jurisdictions. Issuers who wish to send token to Coinbase through the process just adopted must use a special form, which will then be evaluated by the exchange team based on their own digital asset.

The most memorable quotes

The most memorable quotes

Jerry Cuomo

"Blockchain is ready for the government, we prepare the government to blockchain" – Jerry Cuomo, vice president for blockchain technology and CTO at IBM

United States Congresses

"We […] we believe that formal guidance can be an appropriate approach to clarify the legal uncertainties that are causing the environment to develop innovative technologies in the United States to be unnecessarily bristling "- US Congressmen in a letter to the president of the SEC Jay Clayton on the encryption

Laws and taxes

Laws and taxes

The US House passed a law to create a task force against cryptographic terrorism financing

The House of Representatives of the United States approved a bill on September 26 that would establish a crypt task force to combat the terrorist use of cryptocurrencies. The resolution of the Chamber (HR) 5036, which represents a modified version of the proposal proposed by the Rep. Ted Budd (R-NC) to the January Financial Services Committee, establishes an "independent financial technology task force" to fight the 39; illicit use of cryptocurrency. Similar to the original version of the bill introduced on January 10, H. R. 5036 establishes the same terms to investigate and report on the potential use of the crypt in criminal activities.

Wall Street, Crypto's representative discussed the industry with Congress

More than 45 representatives of major Wall Street companies and encryption companies took part in a "round table" hosted by Congressman Warren Davidson to discuss the first offers of ICO and cryptocurrency in Washington DC. The discussion offered industry representatives the opportunity to express their concerns regarding possible cryptographic space regulations. That means, experts have told legislators that there is a pronounced lack of regulatory clarity for ICOs and digital currencies.

Member of the French Parliament Proposes a new legal framework for suppliers of digital goods

According to reports, the French government plans to provide a legal framework for all suppliers of "digital goods". Three members of the party of President Emmanuel Macron, La République En Marche (LREM), have proposed an amendment to the French legislation for the regulation of all service providers in the crypto industry, according to local news sources LesEcho.fr. The amendment is aimed at extend the existing legal framework in order to allow all participants in the crypto market to obtain approval from the main regulatory body of the stock market in France, Autorité des Marchés Financiers (AMF).

The US Congressman calls for the SEC For Clarity On Cryptocurrency regulation

More than a dozen US Congressmen sent a letter to the president of the Securities and Exchange Commission (SEC) Jay Clayton, demanding regulatory clarity regarding cryptocurrencies. The legislators have asked for clarity on the criteria for identifying digital tokens as "investment contracts" and therefore titles, as well as a description of the tools that the SEC will use to provide more concrete guidelines for innovators in the sector, expressing concerns The current uncertainty can hinder innovation in the United States and could eventually bring business to other jurisdictions.

Ripple Forms Coalition To Fund Crypto-friendly Lobbying in Washington D.C.

Ripple will lead a group of cryptic startups to exert pressure on legislators and financial regulators in the D.C. to support cryptographic innovation and blockchain. The coalition of the San Francisco encryption companies – Securing America's Internet of Value Coalition – plans to pay the Klein / Johnson group, a bipartisan pressure group, to assist the crypto community and blockchain in transmitting to regulators that industry needs government support. The coalition, along with the pressure group, will raise issues with Congress, as well as the Securities and Exchange Commission (SEC), the Internal Revenue Service (IRS) and other agencies that have relations with cryptocurrencies.

Adoption

Adoption

Austrian government to use the Ethereum blockchain to issue $ 1.35 billion in government bonds

The Austrian government will use the public blocker Ethereum (ETH) to issue $ 1.15 billion ($ 1.35 billion) of government bonds in an auction on 2 October. Oesterreichische Kontrollbank (OeKB) will manage the live blockchain notarization service, where the bank will issue bonds on behalf of the Austrian Treasury (OeBFA). OeKB says this will be the For the first time a blockchain-based notarial service will be used as part of an auction of federal securities in Austria.

Circle launches the new USD-supported Stablecoin through the Center consortium

Circle Internet Financial Ltd. is launching a digital token supported by the USD nicknamed "USD Coin". A consortium called Center – which includes Bitmain Technologies Ltd. among its members – will act as a platform for deposits and conversions for the stovereco. The USD currency will do it could be available on the exchange of Circle Poloniex, as well as on Huobi, OKCoin, KuCoin, and on the digital wallet and exchange Coinbase. As per Circle's release, over 20 companies are about to announce support for the USDC, while others may add trading through the open ERC-20 standard.

The Central Bank of Mongolia approves the telecommunications operator to issue digital currency

The largest mobile telecommunications operator in Mongolia, Mobicom, has become the first authorized institution in the country to issue its digital currency. The financial arm of Mobicom Mobifinance is now free to issue electronic money, called "Candy", for investors, confirms Montsame. The managers received formal permission during a ceremonial event at the Bank of Mongolia headquarters on Friday. Candy already exists as an entire ecosystem for Mongolian consumers, who can do it use digital currency to pay for various goods and services with a wide range of companies.

Juventus Italian Soccer Club to launch "Fan Token" with Socios.com

Juventus announced this week to launch its own "crypted fan" of cryptocurrency, two weeks after a similar announcement by Paris Saint-Germain. The product of a partnership with "Socios.com, a blockchain-based fan engagement platform", the Italian club intends to release its "Juventus Official Fan Token" as soon as the first quarter of next year. The club is currently in first place in Italy and second in the world, with a fan base reaching 60 million.

The Blockchain Visa program of large Thai banks provides for cross-border payments

The fourth largest bank in Thailand, Kasikornbank, has recently joined the Visa B2B Connect program based on blockchain for cross-border payments. According to the local newspaper The Nation, Kasikornbank is the "first" bank in the country to use the technology, prepare the ground for a more widespread use of blockchain in the banking sector of the country. Suripong Tantiyanon, the country manager of Visa in Thailand, expressed his opinion on the partnership, underlining that Visa B2B will support developments in "security, governance and distributed ledger technology".

Mergers, acquisitions and partnerships

Mergers, acquisitions and partnerships

Opera browser works with Blockchain Advisory Firm Ledger for technological development

Opera has partnered with Ledger Capital, a blockchain consulting and financial services company, to explore possible blockchain applications. For the announcement this week, the two companies are trying to investigate applications and use blockchain cases and how technology can be implemented inside the Opera products and its ecosystem. Opera is known to be the first major Web browser to include a built-in cryptocurrency portfolio.

Financing round

Financing round

Venture Capital Fund Andreessen Horowitz invests $ 15 million in MakeDAO

The US venture capital fund Andreessen Horowitz has invested $ 15 million in the startup blockchain MakerDAO (MKR), the company behind the Ethereum stablecoin Dai (DAI) and its decentralized credit system. For the announcement, Andreessen Horowitz through his investment fund a16z acquired 6 percent of the total MKR token supply, allowing 16z to handle MKR and the Dai Credit system.

Goldman Sachs leads $ 25 million in funding for the Blockchain startup

US banking firm Goldman Sachs conducted a $ 25 million strategic financing round for the Veem blockchain startup, featuring Silicon Valley Bank, GV (formerly Google Ventures), Trend Forward Capital, Extol Capital, Kleiner Perkins and Pantera Capital, among other investors. Veem, which uses digital ledger technology to increase the efficiency of small business payments, noted that they plan the development of new integrations with partners as well as "rely on more automation, including built-in anti-money laundering and compliance with your customers".

Winners and losers

Winners and losers

Winners and losers

Cryptographic markets have had a quiet week, with Bitcoin trading at around $ 6,628 and Ethereum at $ 235. Ripple took second place on CoinMarketCap, trading around $ 0.60.

The first three altcoin gainers of the week are CareBit, ETERNAL TOKEN and ACRE. The three best losers of the week are EagleCoin, Adenz and BitSerial.

For more information on cryptography prices, be sure to read Cointelegraph's market analysis.

FUD of the week

FUD of the week

MetaMask adds an optional block for the "Active Scam" DApp

Cryptocurrency portfolio and extension for decentralized app Ethereum (DApp) MetaMask has blocked the most popular DApp for Ethereum, 333ETH. In comments on Twitter, MetaMask said it had opted for the creation of the block, which would have added optional, due to the fact that 333ETH DApp was an "active fraud". MetaMask he stated that he was in the interest of users.

Indian Crypto Exchange Zebpay stops trading due to bank banning

The largest Indian cryptocurrency firm, Zebpay, has announced that it has stopped all trading due to the nation's banking ban this week. Citing the "extremely difficult" conditions encountered in trying to process customer orders in the current environment, the exchange gave only a few hours notice on the decision, which has already entered into force. The move comes almost three months after the July 6 deadline for banks to comply with the Reserve Bank of India (RBI) ban to offer services to cryptocurrency companies.

US SEC charges a securities operator financed by Bitcoin with violation of securities laws

The US Securities and Exchange Commission (SEC) filed a complaint against the international securities dealer 1pool Ltd., which offered security-based swaps funded by Bitcoin. According to the SEC complaint, the case involves 1pool Ltd., based in Marshall Islands, which provides services related to cryptocurrency and is located behind 1broker.com, and its CEO Patrick Brunner, based in Austria. The complaint claims that the parties have violated federal securities laws in relation to security-based swaps funded by Bitcoin (BTC).

"Burning Bug" by Monero "Patched Developers"

Developers of open source cryptocurrency Monero (XMR) have patched a bug that could allow an attacker to "burn" the funds of an organization's portfolio while losing only the network transaction fees. The bug could presumably have influenced traders and organizations in the XMR ecosystem, allowing an attacker to cause significant damage. While Monero notices that the attacker would not be able to directly accumulate monetary gains with such an attack, "there are probably ways to indirectly benefit from it".

French stock market regulator adds new cryptographic sites to the blacklist

The French Financial Market Regulatory Authority (AMF) has announced its blacklist of 21 new investment websites, including multiple sites encrypted this week. L & # 39; AMF characterizes the new additions as "unauthorized websites" that offer "atypical investments,"It directs users to its existing blacklist, which is known as" non-exhaustive. "In March, AMF had added to its blacklist 15 websites, including those related to crypto and crypt-assets, warning consumers by promises of high return investments.

Prediction of the week

Prediction of the week

Ethereum will reach $ 1,900 by the end of 2019, says Tom Lee

Tom Lee, head of Fundstrat's research, said in a note to customers this week that the Ethereum is going to see a "turnaround and a strong rally" up to $ 1,900 per token by the end of 2019. According to Lee, the "excessively negative" sentiment on the Ethereum market will provide a basis for its strong rebound in the next future.

Best Features

Best Features

Great cryptocurrency error in New York

This article explores New York's attitude towards cryptocurrency companies, after the conflict reached a new peak last week with the report by the Attorney General accusing cryptic acting exchanges outside the law. The author raises the question, New York's attitude towards cryptography "does not concern consumer protection rather than lawn protection and political banding"?

Crypto and Cannabis are the perfect post-crisis bubbles

Bloomberg explains why cryptocurrencies and cannabis "bubbles" are "unmistakable siblings", not only for numbers, but also for the people who exchange them (read: millenials) and their similar "ways to respectability".

Source link