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Naspers, Invest in DappRadar + More Crypto Briefs

Tim Alper
Last updated: | 2 min read

Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Source: iStock/MarianVejcik

Investment news

  • DappRadar, a Lithuania-based dapp (decentralized application) analysis platform, said it has raised USD 2.33 million in seed funding. The investment is led by Naspers, a global internet group, through its Naspers Ventures division, with participation from Ventures and Angel Invest Berlin. DappRadar will use the investment primarily for R&D, developing new functionality to help the business expand its service and reach the next stage in its growth, the company said.

Corporate blockchain news

  • Mastercard has announced it has joined R3’s Marco Polo Network. R3 is a blockchain software developer that also developed the Corda platform. The network’s partner list also includes BNP Paribas and other European banks.
  • Hankyung reports that South Korea’s answer to Netflix, Watcha, says it is keen to launch a blockchain business. The company made the announcement on the same day that SM Entertainment – the country’s biggest K-pop company – announced it would launch its own blockchain-powered mainnet and possible crypto business.

Adoption news

  • Bahamas-based nonprofit Lend a Hand Bahamas, has partnered with both Coinbase and BitPay in order to accept donations in crypto. Funds donated will go towards educational initiatives following the devastation of Hurricane Dorian in the Bahamas, the nonprofit said.
  • Hong Kong-based public trust company Legacy Trust announced that they have launched “the world’s first digital asset pension plan.”
  • A local residents’ association in a town in South Korea has ditched paper ballots in favor of a blockchain-powered voting system, reports HelloDD. Residents of Daejeon’s Daedeok-gu district have turned their residents’ council, once nothing more than a social gathering, into a self-governing citizens’ association – using blockchain-powered smartphone apps.
  • On a similar note, Utah County, Utah, showcased live on Facebook how anyone can audit the authenticity of 24 municipal election votes that were cast overseas by eligible voters through the blockchain-based Voatz app, reported.

Privacy news

  • Privacy-focused web browser Brave claims it has uncovered a mechanism by which Google appears to be circumventing its purported GDPR privacy protections. “New evidence gathered by Brave gives the Irish DPC concrete proof that Google’s ad system did broadcast personal data <…>, which infringed the GDPR. In addition, Brave has uncovered what appears to be a GDPR workaround that circumvents Google’s own publicly stated GDPR data safeguards,” according to the company.

Regulation news

  • Burundi’s central bank bans cryptocurrencies “including Bitcoin and Ethereum,” according to a Bloomberg report. Offenders will be hit with “strong measures,” says the bank.
  • Christine Lagarde, Managing Director of the International Monetary Fund and the likely next president of the European Central Bank, told the Economic and Monetary Affairs Committee of the European Parliament that while regulators need to ensure the safety of the financial sector, they also need to be open to the opportunities provided by new technologies, including digital currencies.

Cryptocurrency exchange news

  • There is apparently “no end” to crypto fever in Venezuela – news outlet Alnavio reports cryptocurrency trading is skyrocketing at domestic exchanges, with weekly volume increases of up to 48%.
  • …and a Turkish football team has become the first top-division professional club in the world to sign a shirt sponsorship deal with a crypto exchange. Football club Yeni Malatyaspor will wear a shirt emblazoned with BTCTurk’s logo for the 2019-2020 Turkish Süper Lig season, per a report from Maquina Do Esporte.