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Bitcoins and Pieces: What Day Is Today? Edition

Blockchain News

  • Expert services firm KPMG stated a new patent-pending blockchain-based ability, Climate Accounting Infrastructure (CAI), meant to help organizations more accurately measure, mitigate, report, and offset their greenhouse gas emissions the press release. It added that to support transparent and reliable reporting of emissions data, CAI will combine an organization’s existing systems, including Internet of Things (IoT) sensors, with outer data sources to secure a verifiable trail of discharges and offsets registered on the blockchain.
  • The Mobility Open Blockchain Initiative (MOBI)’s member-led Electric Vehicle Grid Integration (EVGI) Working Group tackles energy and weather difficulties by working on a decentralized, electrified mobility future. As per the announcement, the Working Group created and launched the automotive industry’s first global standard incorporating blockchain technology into a decentralized vehicle charging system. Its first released technical design spec covers the system designs and data schemas required for three core use case areas: Vehicle to Grid Integration, Tokenized Carbon Credits, and Peer to Peer applications.
  • As announced by China’s Legal Daily, the provincial legal authorities in Anhui Province, China, are set to pilot a blockchain-based paperless appointment platform. The platform will let firms and individuals do away with paperwork when they want to appoint a lawyer or a legal team. This method typically involves an exchange of signed, paper contracts. Legal bodies all over China have been looking at ways to do away with some of the paper-based documentation that slows down lawyers and their clients – including a blockchain-powered notary service pilot in Shanghai, the Middle Kingdom’s second city.

Exchanges News

  • The Ukrainian crypto exchange Kuna has circulated Kyiv mayoral candidate-themed tokens, per announcing its official Telegram channel. The exchange has given seven different tokens for each of the leading candidates in the race – including the incumbent mayor and former heavyweight boxer Vitaliy Klitchko. A million tokens have been created for each “tokenized” candidate – all built on the Ethereum ERC-20 protocol. Kuna said the tokens’ price would fluctuate to reflect the likelihood of a particular candidate winning or reaching the second round of voting. The Ukrainian capital goes to the polls on October 25.
  • The Japanese crypto exchange Decurret stated that it is set to launch a blockchain-powered digital currency “issuance and management” platform that will also issue blockchain-powered digital gift certificates for local governments. Local, blockchain-powered digital gift certificates and tokens have proven extensive hit across the sea to the west in South Korea, with a select few companies cornering the market for issuance – and experiencing meteoric growth as a result.

Crime News

  • Approximately USD 36m worth of bitcoin (BTC) associated with the massive 2016 hack of crypto exchange Bitfinex was moved across elven transactions on Wednesday and Thursday, following the blockchain tracker bot Whale Alert.
  • Two suspects tried a break-and-enter of a longstanding L&D Meats and Deli in the Canadian city of Kelowna, leaving it out of commission because of a botched bitcoin (BTC) theft. Vernon Morning Star stated that the target was a bitcoin machine next door at Mike’s Produce located against the shop’s back wall, but the thieves could not get it out, fled, and backed into L&D Meats and Deli, smashing through the front wall.

Mining News

  • Noted cryptocurrency mining company Riot Blockchain stated it continues its operational extension by purchasing an additional 2,500 next-generation S19 Pro Antminer (110 TH/s) cryptocurrency miners for USD 6m from Bitmain, scheduled for receipt and deployment delivery in December 2020. Following the press release, combined with the previously disclosed purchases of Bitmain S19 Pro Antminers, Riot Blockchain now expects to achieve a total hash rate capacity of 2.3 EH/s by June 2021, with 22,640 real miners deployed.

Career News

  • Crypto exchange Gemini has elected Andy Meehan as Chief Compliance Officer of the Asia Pacific Region. He’ll be tasked with managing the firm’s strategic compliance and regulatory relationships in the region. The press release continued that Meehan would be based in Singapore and report directly to Jeremy Ng, Gemini’s Managing Director of Asia Pacific Region. He joined Gemini from Morgan Stanley, where he served as Head of Legal for its Global Financial Crimes division in this region.
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