18 Aug 2020 · 3 min read
More Football Crypto as Japanese League Goes Blockchain + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
- Blockchain-powered fantasy football platform Sorare says it will launch a complete set of J-League – Japanese top-flight professional football league – non-fungible token (NFT) trading cards on the Ethereum blockchain. Per a press release, the firm said that “all players” in the 18-club J-League would be issued with collectible cards. The firm has previously issued NFT cards for European leagues such as the Italian Serie A.
- Cryptocurrency asset management firm Grayscale's Bitcoin Cash (BCH) and Litecoin (LTC) trusts have gotten the required DTC eligibility, thus becoming available for trading on OTC Markets, the company announced in a press release. The two trusts, operating under the BCHG and LTCN symbols, are the company's fifth and sixth publicly-quoted investment products, after its Bitcoin (BTC) Trust, Ethereum (ETH) Trust, and Ethereum Classic (ETC) Trust.
- Japanese crypto exchange FISCO is to cease trading at the end of this month after a consolidation deal with the Zaif exchange, per an official announcement. FISCO, a financial information and news provider, bought out Zaif following a crippling hack on the latter forced its former operator Tech Bureau out of the crypto exchanges sector back in 2018. FISCO says it has now successfully merged the two platforms and will operate under the Zaif banner.
- Crypto exchange company Gate.io announced the development of its Decentralized Finance (DeFI) network, GateChain. The network will contain a stablecoin – USDG, a decentralized exchange (DeX), Decentralized Loans, and liquidity mining. The GateChain Token, the network's native token, will serve as the collateral asset for getting the GateChain stablecoin USDG, as well as for liquidity mining rewards and voting.
- Chinese tech behemoth Alibaba has signed a blockchain cooperation deal with China’s Yunnan Province, per media outlet JRJ. The agreement will see the parties jointly nurture the province’s blockchain ecosystem and bolster blockchain adoption. The deal will also see the province work with the Alibaba-run Taobao University to help train a new generation of “e-commerce and blockchain talents” to lead South Asia and South East Asia-based tech projects in the year to come.
- Community-based space platform SpaceChain successfully pulled off the first multisignature blockchain transaction in space, the company announced in a press release. The company’s co-founder and CTO, Jeff Garzik, performed the transaction, sending approximately USD 100 to two bitcoin (BTC) addresses on the International Space Station (ISS). The transaction was made possible thanks to special hardware onboard the ISS developed by nanosatellites manufacturer GomSpace.
- Turkish holdings giant YILPORT announced a partnership with TradeLens, an IBM/Maersk shipping platform. The holdings giant, operating 22 port terminals and six inland terminals across 11 countries, announced via its website that the project has started, as well as that as of July this year, the data flow started at YILPORT Gebze and Gemport Terminals. YILPORT stated that with this integration it will modernize its processes, building a more efficient and robust supply chain.
- American multinational investment bank and financial services company Goldman Sachs is looking for a new executive for its Digital Assets team. According to a new posting on the company’s Careers page, it’s looking for an exec to “define and execute” its distributed ledger technology (DLT) and blockchain efforts firmwide. These include “any potential initiatives in the cryptocurrency space.”
- Hester Pierce, a US lawyer specializing in financial market regulation, has been sworn into her second term at the Securities and Exchange Commission (SEC), according to the press release. Also known to the wider crypto community as “Crypto Mom” due to her positive thoughts about the industry, she has been sworn for another five years, together with commissioner Caroline Crenshaw.
- TeamTNT, a popular cybercrime group, was spotted using a new strain of crypto-mining malware that comes with a unique feature – stealing Amazon Web Services (AWS) credentials. According to a new report from cybersecurity experts Cado Security, these credentials would allow the group to install the miners on significantly more powerful AWS EC2. Or they could simply sell the credentials on the black market for a quick buck. However, it seems as the group hasn’t yet decided what to do, given that the stolen credentials have not yet been used.