On Thursday, Coinbase said that they are encountering raised error rates on any backend systems due to an Amazon AWS interruption. “You may encounter intermittent delays or errors while transacting, as well as accessing other parts of our applications. Customer support queries are also delayed,” the exchange continued.
Crypto Adoption News
Sygnum Bank stated it launched its regulated end-to-end tokenization solution comprised of Desygnate, a primary market issuance platform, and SygnEx, a secondary market trading venue. Sygnum declares it is now “the world’s first bank with a fully integrated, institutional-grade tokenization offering.”
Regulation News
Russian Prime Minister Mikhail Mishustin stated that the country would acknowledge digital assets as property, allowing their owners to defend their interests in court. Mishustin did not stipulate when it might occur.
Blockchain News
Kazakhstan’s blockchain-powered real estate and land registry platform is up and running, published Inform.Kz. The platform declares it will allow banks, landowners, land buyers, and tenants to do away with slower, paper-based processes that currently typically take three days to achieve – reducing completion time on land and property deals to a single day. The volume of documents that must be presented to banks has also been reduced, said the platform’s architects.
Japan’s Keio University is co-building a blockchain-powered digital ID platform in collaboration with domestic blockchain EdMuse, the latter stated in an official release. The firm said that the platform was being developed for use in the human resources management industry and would help solve labor shortage problems, which have become more severe in Japan. The university’s Graduate School of Business Administration Takashi Iwamoto Laboratory will take part in the improvement. At the same time, EdMuse said it has been “conducting demonstration experiments at the technical level” with educational institutions in Vietnam, Indonesia, and India.
The South Korean government has pledged to spend USD 127m on a new economic revival plan that includes blockchain spending. According to Yeongnam.com, the money will be used to foster innovative small and medium-sized enterprises in the regions surrounding the capital Seoul – traditionally a heartland of up-and-coming tech firms – as well as other parts of the country. The money will be used to support industry 4.0 companies, including blockchain startups, and help develop a “low-carbon and eco-friendly economy.”
Following a successful trial, Olsztyn, Poland, started to use blockchain to assist their emergency services, thanks to SmartKey’s blockchain connection platform, said an emailed press release. It added that the SmartKey team connected an Ethereum (ETH) smart contract to a Teltonika smart key device and app, and this will enable fire, ambulance, and police teams to enter any part of the closed district or any secure building within the city safely and securely, without having to track down a keyholder or wait for permission – resulting in reduced response times. The system will be ready for worldwide rollout from early 2021, stated a blog post.
Investments News
Galaxy Digital’sbitcoin (BTC) funds, which were launched last November, raised USD 58.7m in their first year. Per the filings, Galaxy Institutional Bitcoin Fund LP boosted USD 55.1m, and Galaxy Bitcoin Fund LP boosted USD 3.6m. The Institutional fund had 33 investors, while the minimum investment was USD 250,000. The Galaxy fund saw 56 investors, with the least investment of USD 25,000.
Prominent YouTuber Andrei Jikh, whose channel has nearly a million subscribers, announced he invested USD 100,000 in bitcoin (BTC) and ethereum (ETH) and then used lending platforms to earn interest on his coins. In his video, he stated he owned BTC 7.5 (USD 126,667) and ETH 120 (USD 61,080) – or USD 187,747 in total, nearly USD 90,000 more than his original investment.
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