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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Blockchain news

  • The Russian software giant Kaspersky Lab said that it has migrated its Polys blockchain-powered voting solution to a private network built on Bitfury’s Exonum blockchain network. Per CNews, the software firm had previously been using an Ethereum-based blockchain network. However, Kaspersky said that the Exonum-based platform is much faster than public networks and is capable of processing up to 5,000 transactions per second. Kaspersky has provided its Polys solution to the likes of the Russian Football Union 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 makes use of smart contract technology, and features an interface for QR codes as well as 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.

Exchanges news

  • Ukraine-based crypto exchange Kuna.io 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 it was announced by BYSOL founder Andrej Stryzhak. 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 is quoted as saying that the exchange’s mission is “an open and decentralized financial system.”
  • Eosfinex, 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 has 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 the deposit and withdrawal services of all tokens, and the full service of USDT will also resume 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, and he named the UK and Singapore as the most likely destinations should Ripple decide to move its headquarters.

Investments news

  • Alpha Finance Lab, an ecosystem of decentralized finance (DeFi) products, has announced 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. According 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).

Career news

  • Investment banking giant Goldman Sach‘s former Chief Technology Officer and Chief Financial Officer, Marty Chavez, is joining blockchain solutions provider Block.one, 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.

Crypto adoption news

  • Major crypto payments provider BitPay has announced that Turner Sports’ (a division of WarnerMedia) Blocklete Games is now accepting cryptocurrency as a form of payment. 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.

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 stance on crypto mining. 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.

(Excerpt) Read more Here | 2020-10-07 10:23:00
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