The General Motors and Honda, both the automobile giants has synergised their efforts in developing blockchain research project focused on electric vehicles (EV) and smart grids. In their joint statement,“Down the road, EV owners could earn fees by storing power in car batteries and exchanging it with the grid, This could end up giving EV owners an advantage as their vehicles become revenue streams.”
The Shenzhen Fintech Research Institute, which was set up by People’s Bank of China (PBoC) has announced a total of 29 job openings and they are looking for suitable prospects for the following positions: a blockchain development engineer, a blockchain architect and a senior technical expert, all of whom will be working with a common goal to develop and optimize a distributed network that will be capable of delivering large scale transactions.
Germany has recently revealed that it will come up with a blockchain strategy within year. The aim of this exercise will be to make financial markets in Europe secure, unified and more accessible nad further enable the commercial industry to take advantage of the developments in blockchain and similar technologies. The European Union last March, 2018 announced its its Fintech Action Plan.
The Australian Federal Police (AFP) have charged a 33-year old IT contractor for allegedly using government property for cryptocurrency mining. Chris Goldsmid of AFP explained, “Australian taxpayers put their trust in public officials to perform vital roles for our community with the utmost integrity. Any alleged criminal conduct which betrays this trust for personal gain will be investigated and prosecuted.”
Iran which is facing sanctions by the U.S. after the nuclear deal was scrapped by President Donald Trump. This caused both sides to raise political rhetoric and war cry, and there has been a significant surge Bitcoin Core (BTC) market in Iran unlike anywhere in the world. Tehran has already announced a plan to turn to a state-backed stablecoin to help with international bank payments.
CoinPayments (a crypto payments gateway) has partnered with Platon Finance (a crypto membership project) to make PlatonCoin payments processing for merchants and users more smoother. Daniel Tanner, Co-founder of Platon Finance commented, “People are starting to trust cryptos again, but it’s important that new projects provide the associated security required in the growing crypto industry. CoinPayments shares our same values, and our goal to create a crypto environment that not only focuses on trust and security, but it’s also user-friendly and simple to understand.”
Smartlands has announced that it has launched its first Security Token Offering (STO), based on tokenized student accommodation in Nottingham. The platform is regulated by UK Financial Conduct Authority (FCA) and uses Stellar blockchain technology to digitize stocks and equities for participating projects. The offering begins with a minimum investment of 25,000 GBP (Pound sterling).
A global funds network headquartered in London, Calastone has announced that it has shifted its entire trade fund clearing service to its blockchain Distributed Market Infrastructure (DMI). In its press release: “Financial services organisations around the world — whichever size and scale — can, through the DMI, now access a fully mutualised global funds marketplace whereby the trading, settlement and servicing of funds is conducted in real-time.”
The ABN AMRO bank based in Netherlands has abandoned its plans to launch a custodial bitcoin (BTC) wallet dubbed “Wallie” because of risk concerns. The bank’s senior press officer, Jarco de Swart, said in an email that the bank decided not to continue its plans after it concluded that cryptocurrencies’ unregulated nature are at the moment too risky assets for our clients to invest in. The rumors concerning alleged tests of the wallet first started in January.
The primary financial regulator of the United Kingdom, the Financial Conduct Authority (FCA), reports that crypto investors in the country lost over $34 million due to cryptocurrency and forex scams for 2018–2019. The FCA is considering a ban on high-risk derivative products linked to crypto assets. FCA executive director Mark Steward claimed scammers can be very convincing so always do your own research into any firm you are considering investing with.