Weekly Crypto #7
Stay ahead of the game with weekly industry updates, aimed to capture all important crypto and blockchain news of the week.
Summer is coming to an end! The weekly news suggests the companies dealing with blockchain are serious and ready to roll: Samsung partners with Korea’s Banks, Russia promises to monitor the cryptocurrency transactions, CBOE waits for go-ahead for ETH futures, NASDAQ plans to properly list the several coins, Ethereum’s Constantinople fork deadline is ticking and students want even more courses on cryptocurrency and blockchain technology. Reading the headlines between the lines tells one thing is sure: the power of DLT is clearly visible and is definitely on the rise! To read the whole news, scroll down!
Regulations & Finance
‘BankSign’: Samsung Launches Blockchain Certification Platform for Korea’s Banks: Samsung, under its IT arm Samsung SDS Co., has unveiled its blockchain based platform, BankSign, to allow people to make transactions at different banks more easily. Because blockchain technology minimizes the vulnerabilities of alterations and forgeries, certifications can be done on BankSign with various methods, including fingerprints, passwords and patterns.
RUSSIA DEVELOPING CRYPTOCURRENCY TRACKER: The Federal Financial Monitoring Service of Russia (Rosfinmonitoring) has commissioned an analytical tool for monitoring cryptocurrency transactions. Their Unified Information System should have the added functionality to process information on bitcoin transactions and wallets by the end of 2018.
CBOE to Launch Ethereum Futures Trading Later This Year: CBOE Global Markets, the owner of the Chicago Board Options Exchange (CBOE) and one of the world’s largest exchange holding companies, is looking to launch futures for Ethereum (ETH). They are waiting on the Commodities Futures Trading Commission (CFTC) to give the project the go-ahead before its official launch.
EXCLUSIVE: NASDAQ SOURCE: “The listing of several coins will happen in 2019…”: The NASDAQ is attempting to be the first mover in crypto exchange governance, order execution, and at the forefront of institutional movement into the crypto ecosystem. The source of the information added that: ”the framework (two different sets of framework based on two different regulatory outcomes) has already been laid to create a separate silo for coin listings and a robust trading apparatus. Doing the math here, look for regulatory bodies to provide guidance in Q1 of 2019, and an announcement and a ‘coin exchange’ to either be announced or launched in Q2 of 2019.”
European Parliament Member Calls for New ICO Crowdfunding Guideline: A European parliament member Ashley Fox is calling for more regulations on ICO crowdfunding guidelines in a bid to enforce a previously muted plan by the parliament’s Committee on Economic and Monetary Affairs. The European Commission (EC) is currently working on an official proposal that would create the framework for crowdfunding, but that is not expected to be released until March 2019.
Industry & Technology
Ethereum’s Next Upgrade Could Be the $29 Billion Blockchain’s Biggest Test Yet: In a upcoming October upgrade named Constantinople, ethereum is faced with a perhaps unique challenge — how to find a balance between a web of diverse stakeholders, each battling for different outcomes.
Coinbase Survey Shows 18% of US Students Now Own Cryptocurrency: University students are clamoring for more courses about cryptocurrency and blockchain technology. According to the survey, 21 of the top 50 U.S. universities, as ranked by U.S. News and World Report, now offer a class on blockchain technology or cryptocurrency. Students are not only eager to learn, but an increasing number are also trying the technology out for themselves — 18 percent of respondents in the survey said they own some cryptocurrency.
Deloitte: Tech and Telecom Execs Plan to Invest Millions in Blockchain: A new survey from Deloitte found that 40 percent of executives from the telecom, media and technology (TMT) space want to invest millions in blockchain research during the next year. They found that 84 percent of all respondents “believe that blockchain will broadly scale and reach mainstream adoption.”
Are you interested into regulatory aspects of blockchain and crypto industry? Check our latest CRYPTO LEGAL DIGEST to stay ahead!
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