CFA adds crypto. EOS wants more capital. Mastercard patents. Ernst & Young acquires crypto tax company. - Weekly Recap 23 July
The CFA institute has added cryptocurrency to it’s CFA level 1 and 2 exams, making knowledge of the subject a requirement to becoming a chartered financial analyst.
EOS, the ICO which already raised $4bn USD, is reportedly announcing a second round of funding bringing in Peter Thiel and Chinese billionaire Jihan Wu’s Bitmain Technologies Ltd. as new investors.
Coinbase has retracted its claim that it had received authorization by the Securities and Exchange Commission (SEC) to list security tokens on its exchange. The initial announcement was hailed as a boon to projects looking to launch Initial Coin Offerings (ICOs).
Mastercard has been granted a patent that grants it rights for a method of “managing fractional reserves of blockchain currency.” This is another patent added to Mastercard’s long list of blockchain-based solutions. Just last month they received patents for anonymous blockchain transactions and for a blockchain travel itinerary bidding system.
The Financial Stability Board (FSB) published a report delivered to the G20 Finance Ministers and Central Bank Governors on cryptocurrencies, including a framework to monitor the financial stability implications of developments in crypto-asset markets.
SBI Holdings, a traditional japanese financial services firm, [has launched it’s own cryptocurrency exchange] (https://bit.ly/2Nj23MH) named VCTRADE.
Ernst & Young, one of the big four auditors, has acquired patents and assets of San Francisco startup Andy Crypto Asset Accounting and Tax (CAAT). They believe this acquisition will enable them to serve a variety of companies adopting crypto-assets.
Change.org has released a screensaver that will mine cryptocurrencies for charity, with all proceeds being donated to the change.org foundation.
Coinbase has created its own political action committee (PAC). This will enable members to pool campaign contributions together in order to influence policy and political goals in U.S politics.
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