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Bitcoins & Pieces – Before TGIF Edition

Crypto News

  • Principal crypto payments provider BitPay has announced that Turner Sports’ (a division of WarnerMediaBlocklete Games is now accepting cryptocurrency as a payment form. This is a blockchain-based digital golf game, which is built on the Ethereum network; it allows players to buy and sell digital golfers, play in tournaments and win money, while players collect, train, trade, and compete with unique digital athletes called “Blockletes” to earn cash prizes.

Investments News

  • Alpha Finance Lab, an ecosystem of decentralized finance (DeFi) products, has reported that blockchain advisory and investment firm Spartan Group, crypto hedge fund Multicoin Capital, and venture capital fund DeFiance Capital have joined them as strategic investors. As claimed to the announcement, these companies will be supporting the team with advice and resources as they develop and build an ecosystem of cross-chain DeFi products, starting on Binance Smart Chain and Ethereum (ETH).

Blockchain News

  • The Russian software giant Kaspersky Lab stated that it had moved its Polys blockchain-powered voting answer to a private network built on Bitfury’s Exonum blockchain network. Per CNews, the software firm had earlier been doing an Ethereum-based blockchain network. Still, Kaspersky stated that the Exonum-based platform is much quicker than public systems and can process up to 5,000 transactions per second. Kaspersky has provided its Polys solution to the Russian Football Union’s likes and two major, Moscow-based universities.
  • The Seoul Metropolitan Government has debuted what it said is South Korea’s first blockchain-powered electronic labor contract platform for public jobs, per an official release. The capital’s government said that the platform uses smart contract technology and features an interface for QR codes and a smartphone-based solution. Seoul added that the platform would provide citizens with “an opportunity to further protect their labor rights and interests and begin a new era of self-sovereign data management.” Part-time workers will also be able to use the platform to “manage their own careers-related certificates,” the government added.

Mining News

  • The Russian Association of Crypto-industry and Blockchain (RACIB) has sent an open letter to the Russian Central Bank, urging it to reconsider its crypto mining stance. The letter stated that the Central Bank’s assertion that a national mining pool might be used for criminal purposes is baseless, and has urged the bank to hold a conciliation meeting. The Central Bank has stated that national mining pool formation efforts should be outlawed, suggesting that terrorists may seek to misuse the pool as part of efforts to finance their operations.

Exchanges News

  • Ukraine-based crypto exchange refused to comply with an official request sent on September 30 by Belarus’ Department of Financial Investigations (FDI) under the Committee of State Control, to disclose personal information on individuals who had received funds through Belarus Solidary Foundation (BYSOL), as BYSOL founder Andrej Stryzhak announced it. The foundation helped collect crypto donations for those who lost employment or suffered financial difficulties because they participated in the recent protests. Kuna founder Mikhail Chobanyan says that the exchange’s mission is “an open and decentralized financial system.”
  • Dostinex, a non-custodial digital asset exchange, has launched a beta version of its mainnet, saying it brings liquidity from the Bitfinex exchange to the EOS community. Per the emailed press release, Eosfinex mainnet launch is meant to “play an integral role in helping the EOS community overcome the issue of illiquidity in token trading, a major obstacle to the growth of the EOS community.”
  • Recently-hacked KuCoin said that it had finished the wallet security strategy upgrade for BTC, ETH, USDT, and the deposit and withdrawal service of BTC, ETH, ERC20-USDT have now resumed. The company added that it is gradually restoring all tokens’ deposit and withdrawal services. The full benefit of USDT will also continue soon.

Regulation News

  • Ripple Executive Chairman Chris Larsen said during the LA Blockchain Summit on Tuesday that the San-Francisco-based blockchain startup focusing on the banking sector may leave the US if the crypto-hostile regulatory attitude doesn’t change, reported Fortune. He added that almost every other country offers a more favorable regulatory climate for crypto than the US. He named the UK and Singapore as the most likely destinations should Ripple decide to move its headquarters.

Career News

  • Investment banking giant Goldman Sach‘s former Chief Technology Officer and Chief Financial Officer, Marty Chavez, is joining blockchain solutions provider, the company behind the EOS blockchain, as chair of its advisory board. Per the press release, Chavez will challenge leadership, give counsel on business strategy, expand networks, and help develop a governance framework that will promote sustainable growth.
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