Industry Watch 28 March, 2018

Nami | Daily Crypto News 28.03.2018

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Coin Speaker: Ethereum Co-Founder Joseph Lubin Will Be a Speaker at the European Blockchain Summit 2018

European Blockchain Summit 2018 will be held in April in Slovenia and will become a platform for discussion of relevant issues of the blockchain industry.

Coin Speaker: Charlie Lee and Litecoin Foundation Apologize After Abrupt Shutdown of LitePay

The LTC-based payments startup was scheduled to start wallet and debit card services last month in February, however, it has failed to further respond to the proceedings.

Coin Desk: Kakao Confirms Creation of Blockchain Platform, Denies ICO Rumor

South Korean internet giant Kakao has confirmed it is setting up a new blockchain subsidiary, but quashed rumors of a planned initial coin offering.

Coin Desk: Ford Patent Envisions Car-to-Car Crypto Transactions

A new patent awarded to Ford suggests the U.S. automaker is considering the use of cryptocurrency to let cars on the road communicate with each other and reduce traffic.

Coin Telegraph: Singapore, Japan Associations Sign Agreement For Joint Fintech Development

The Singapore Fintech Association (SFA) and the Fintech Association of Japan (FAJ) have signed a Memorandum of Understanding (MOU) in order to collaborate on fintech development, according to a joint press release published on Monday, March 26.

Coin Telegraph: Crypto Exchange Bitfinex Won’t Support Venezuela’s Petro, Following US Gov’t Ban

Hong Kong-based cryptocurrency exchange Bitfinex issued a public statement today, March 27, stating that the platform is not going to support the oil-backed Petro (PTR) token, launched by the government of Venezuela this February.

Coin Telegraph: Russian-Ukrainian Cybercrime Gang Arrested In Spain, Allegedly Used BTC To Launder $1.24 Bln

The Spanish police have arrested a cybercrime gang made up of Russian and Ukrainian nationals who were allegedly involved in stealing more than $1.24 bln from financial institutions worldwide, subsequently converting their illicit gains into Bitcoin (BTC), Associated Press reports March 26.

Coin Telegraph: German Securities Exchange Deutsche Börse Group Partners With HQLAx For Blockchain Platform

Deutsche Börse Group, a German marketplace for securities trading, will release a Blockchain-based platform for securities lending in collaboration with HQLAx using R3’s Corda Blockchain platform, the company announced in a press release today, March 26.

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