Crypto Dygest 28 Feb 2018
Top 5 News For Today - 28 Feb 2018
Summary:
35 Countries and EU member states are asking for new global crypto standards; E-commerce giant Rakuten will launch their own cryptocurrency instead of their Super Points system; EU Central Bank proposes a new technology, that will beat Blockchain; Starbucks are supporting Blockchain and most likely will implement it in their business model sooner or later; First Shipping Company accepting Bitcoin comes from Ukraine.
BONUS Thread of The Day
Leaked PPT Slide Claims Poloniex Espace SEC Legal Action by Being Sold
1.35 Countries and EU Ask For New Global Crypto Standards
FATF - Financial Action Task Force – responsible for anti-laundering policies, have guidelines on cryptocurrencies dated back to June 2015. Over the last week, a meeting was held with representatives from 35 countries and EU with FATF and urged the organization to come up with new guidelines, as crypto have boomed larger than anyone would expect. FATF promised to come up with new guidelines and present them at upcoming G20 summit later this year. All eyes on G20.
https://news.bitcoin.com/countries-fatf-revise-global-cryptocurrency-standards/
2.E-commerce Giant Rakuten To Launch Own Cryptocurrency
Rakuten, world’s leading e-commerce platform, are planning to launch their own cryptocurrency for their loyalty system. Currently, Rakuten offers Super Points for purchases, and these Super Points may be used to get a future discount, o buy various services directly. Such implementation may open new horizons for the company as their coins can live a separate life on the markets.
https://cointelegraph.com/news/japanese-e-commerce-giant-rakuten-to-launch-its-own-cryptocurrency
3.EU Central Bank Claims Their New System Will Beat Blockchain
Loud words but not much information yet. Target Instant Payment Settlement, or TIPS, will be realeased in November this year. ECB claims that transactions will take 10 seconds and 0.2 cents as commission. The project sounds very interesting, but until we get more information, this looks very sceptical. Although, we cannot argue that they will lack professionalism as top talents from the world are working on it.
https://www.ccn.com/better-than-blockchain-the-ecb-unveils-tips/
4.Starbucks Will ‘Probably’ Use Blockchain
Starbucks chairman, Howards Shultz, commented earlier this week that blockchain adaptation most likely will be implemented in the business model. Company wants to stay ahead of the game, or at least on top of it, and cannot afford to miss opportunities blockchain provides.
https://www.coindesk.com/starbuckscoin-exec-says-coffee-seller-will-probably-use-blockchain/
5.Ukrainian Shipping Company Accepts Bitcoin
Varamar LTD, a shipping company based in Ukraine sees a potential in cryptocurrencies. Main aspect – ease of paperwork with banks. Also, using digital currencies may help safe companies, based in Pakistan, Sudan, Russia, Yemen and Quatar but are under governmental sanctions. Will Bitcoin be the new standard of international trade? Let’s wait and see.
https://cryptodaily.co.uk/2018/02/ukraine-shipping-company-now-accepts-bitcoin/
BONUS Thread of The Day
Leaked presentation slide shows that SEC will not take legal action if Circle acquired Poloniex.
This is it for today.
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