Starting today, I will post every weekend the 5 most relevant crypto news from the previous week, in a short report. Although I'm actively monitoring my news feeds, I don't always post every piece I read about, for many reasons. One of them being I don't want to clog the blockchain with unnecessary stuff.

But I often feel the need for some context around the crypto area, and maybe this weekly roundup will do the trick.

Please let me know what you think about the format, and also about the type of news selected for this report.

Monday - The Silence Of The Lambos

According to a news published on Coindesk, Kurt Russel will star in a Hollywood movie about crypto.

The film, entitled Crypto, will feature Russell as well as Alexis Bledel, Jeremie Harris and Luke Hemsworth, among others. The Hollywood Reporter notes that the film focuses on a young anti-money laundering agent, played by Beau Knapp, who returns to his hometown in New York to investigate a case of corruption and fraud. Russell is playing the father of Knapp's character, according to press materials.

Tuesday - Direct Crypto Trading In Square's Cash

Cash, the popular money sending app made by Square, announced they are allowing direct crypto buying and selling from within the app, following a license get from the state of New York. Two things are interesting about this news:

• Square is co-founded and run by Twitter CEO Jack Dorsey, and already holds a money-transmitter license from the department
• New York was, until recently, very conservative towards crypto

Wednesday - Bithumb Hacked

Bithumb, one of the biggest crypto exchanges, reported a theft of around $30 million in crypto, according to CNN.

The notice didn't say how the theft of 35 billion won ($32 million) worth of cryptocurrencies occurred or which ones were taken.
The exchange said it will compensate the loss from its own funds and that all customers' assets have been "securely saved" in the company's "cold wallet."

Thursday - Akon To Launch Akoin

Rapper Akon (known for a few hits, including "Smash That") announced recently he will launch his own token, called Akoin. This is the second time a public person announced a token related to their public image, after John Mcaffee announced his own crypto token.

Friday - Secret Service: We Don't Like Anonymous Tokens

According to a report by Forbes, a US Secret Service official addressed the Congress about anonymous crypto like Monero and ZCash, which, in his opinion, are supporting money laundering.

“We should ... consider additional legislative or regulatory actions to address potential challenges related to anonymity-enhanced cryptocurrencies,” Robert Novy, deputy assistant director in the U.S. Secret Service’s Office of Investigations, wrote in his written testimony to Congress.

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I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.

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