Admsterdam Airport Has Its First Cryptocurrency ATM

The Schiphol Airport has recently launched its first cryptocurrency ATM.

Now, passengers visiting Amdsterdam’s Schiphol Airport can trade their Euros for Cryptocurrencies.

This was announced last June 20, 2118 in a blog-post at their website.

The new cryptocurrency ATM is said to be in a 6 months trial period prior to a possible expansion.

The ATM was provided by an Amsterdam-based technology firm, Byelex Data Solutions which recently opened up a cryptocurrency ATM division.

Cryptocurrency ATMs have long been held as one of the main methods for fiat-to-crypto transfers which ensures a secure and easy way of getting hold of crypto with no ID verification required and high transaction limits.

According to CoinATMRadar a site that monitors the number of cryptocurrencies worldwide the rate of crypto ATM being installed worldwide is about 6.43 and the number of cryptocurrency ATMs have more than tripled in the last 18 months.

Ethereum Blockchain Upgrades

Ethereum co-founder and creator Vitalik Buterin has revealed possible upgrades for the Ethereum blockchain during the 40th Ethereum Core Devs Meeting last June 15, 2018.

The upgrades includes a revision in the implementation of Casper FFG that will be dubbed Casper v2 that will keep the Proof-of-Stake (POS) component separate from the main chain in a beacon chain.

This will enable a less intrusive development, and users would be able to make their own voting rules and rules for other aspects of the Ethereum blockchain.

A sharding function would also be enabled on the beacaon chain and would operate with the PoS consensus algorithm Casper provides.

This development would smooth the transition to full PoS and Sharding implementation on the main chain because sharing can be built into Casper V2.

SEC Obtains Court Order To Freeze ICO Assets

The U.S. Securities and Exchange Commission (SEC) has received court order to freeze the assets of Dominic Lacroix, owner of PlexCorps as revealed by Crowdfund Insider last June 20.

The SEC reveals that Dominic Lacroix has been using secret accounts to dissipate assets obtained from investors with the PlexCoin ICO.

The SEC is demanding to collect interest, penalties, as well as permanent injunctions versus Mr. Lacroix that will bar him from being an officer-and-director and bar from participating in any offering digital securities.

According to SEC PlexCorps promised investors a 1,354 return in investments in 29 days in which the ICO raised $15 million from thousands of investors. Mr. Lacroix was described by SEC as a recidivist Quebec securities law violator.

World’s First China Blockchain ETF

In its bid to democratize the world’s best investing ideas, asset management firm Reality Shares launched the first ever blockchain ETF in China.

The company wants to take advantage of China’s innovation in the cryptocurrency sphere.

It will focus on Chinese companies committed to developing, researching, supporting, or utilizing blockchain.

The Reality Shares Nasdaq NexGen Economy China ETF (Nasdaq: BCNA) is made up of 31 constituents and is rebalanced semi-annually.

Businesses that are included in the ETF are evaluated across several key factors with the businesses with the highest score are included.

Reality shares CEO, Eric Ervin, says that the ETF gives investors the opportunity to easily access the emerging blockchain market in China.

Investors can ask their financial advisor about adding the ETF to an account or invest directly on Reality Shares Trading Platform.

Philippine Bank Substituting SWIFT with IBM Blockchain Solution

Rizal Commercial Banking Corporation (RCBC), one of the top bank in the Philippines is exploring blockchain technology to replace SWIFT which is said to be slow and expensive.

The said bank is turning to IBM to provide the blockchain technology and explore how such technology can improve the efficiency and cost effectiveness of remittance services.

They plan to offer the services to Filipinos working in Japan.

Remittance service is big business in the Philippines hitting a record high in 2017 with $31.3 Billion in 2017.

In Japan alone $137 million of remittance was made in April alone, making the Philippines’ biggest source of remittance.

It is no surprise that the bank is targeting the Japan-Philippines remittance corridor.

It is not sure yet what cryptocurrency or blockchain application the bank will try to tap with IBM but with IBM’s close ties with Stellar it not a far fetch idea that it will be used.

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