1. Japan’s Line Reportedly Close to Obtaining FSA License for Japanese Crypto Exchange
LVC Corporation, the digital asset- and blockchain-focused arm of Japanese messaging giant Line, is allegedly close to obtaining a crypto exchange operating license from Japan’s financial regulator. The news was reported by Cointelegraph Japan on June 20.
[Source: Cointelegraph] ✩✩✩✩✩
2. Ethereum Classic’s Next Crypto Code Upgrade Set for September
In a public call Thursday, Ethereum classic developers recommitted to releasing a system-wide upgrade, or hard fork, to the blockchain’s main network in September.
The targeted block number for the so-called Atlantis activation is 8,772,000, which is expected to hit at roughly 12:00 UTC on Sept. 17.
[Source: Coindesk] ✩✩✩✩✩
3. Quadriga founder transferred clients’ cryptocurrency to his own personal accounts, Ernst & Young finds
It’s looking more and more like QuadrigaCX founder Gerald Cotten mismanaged the digital-asset exchange before he died, with cryptocurrencies from clients ending up at rival marketplaces in his personal accounts.
The latest report from Ernst & Young, which is overseeing the bankruptcy process for Quadriga Fintech Solutions Corp., paints a clearer picture of a Vancouver-based firm that lacked financial reporting and operational controls, run primarily by a founder whose actions ultimately led to its collapse, leaving hundreds of customers owed millions in cash and cryptocurrency.
[Source: FinancialPost] ✩✩✩✩
4. Insurance giant MetLife to use ethereum to revolutionize life insurance process claims
New York-based insurance company, MetLife, is planning to revamp the life insurance claims process by utilizing Ethereum’s blockchain. MetLife’s Singapore-based incubator, LumenLab, is partnering with Singapore Press Holdings, a media group, and insurance cooperative, NTUC Income, to release a smart contract platform built on Ethereum called Lifechain.
[Source: AMBCrypto] ✩✩✩✩
5. IOTA Foundation’s Tangle DLT to ensure allergen food safety for Primority
IOTA Foundation, a non-profit foundation focused on distributed ledger technology (DLT) and open-source ecosystem development, today announced a partnership with Primority, a digital food safety management company that helps food product manufacturers monitor food safety in food supply chains.
The partnership includes the development of a prototype app that will allow consumers to easily check what allergens are in a food product when contemplating a purchase.
[Source: CryptoNinjas] ✩✩✩✩
6. Sorry, Facebook: Cryptomoney won’t catch on in Australia, RBA says
Facebook may be developing its own digital dollar but the Reserve Bank of Australia doesn’t believe cryptocurrencies will catch on for actual payments any time soon — if ever.
In a 5,800-word paper published in the RBA’s Bulletin publication on Thursday, four RBA analysts say they see “little likelihood of a material take-up of cryptocurrencies for retail payments in Australia in the foreseeable future.’’
[Source: SydneyMorningHerald] ✩✩✩✩
7. U.S. video streaming app YouNow files cryptocurrency offering with SEC
U.S. live video streaming company YouNow on Wednesday filed with the Securities and Exchange Commission a public offering circular to distribute its own digital currency called Props.
[Source: Reuters] ✩✩✩✩
8. Recent Firefox’s Zero-Day Flaw Was Used in Attacks Against Coinbase’s Employees
The recent Firefox’s zero-day security flaw was used in attacks against major crypto exchange and wallet service Coinbase, according to a tweet from Coinbase security researcher Philip Martin posted on June 20.
As Martin found, the reported critical zero-day vulnerability in Mozilla’s Firefox web browser, which was announced on June 18, has actually emerged along with another zero-day flaw that targeted Coinbase employees, meaning that there were two separate Firefox zero-day attacks.
[Source: Cointelegraph] ✩✩✩
9. PlatON’s blockchain-based network to power China’s largest smart city project
Wanxiang, the largest automotive component manufacturer in China, announced it has partnered with PlatON, a global privacy-preserving computing network, to co-develop the data infrastructure for China’s largest smart city project in Hangzhou, slated for completion by 2025.
[Source: CryptoNinjas] ✩✩✩
10. Facebook Has Not Applied for RBI Approval to Operate Libra in India: Report
Facebook’s newly announced cryptocurrency, libra, may not be available in India due to the current ban of blockchain-based currency transactions, as stated in a report by local publication The Economic Times on June 20.
[Source: Cointelegraph] ✩✩✩✩
To keep up with Talenta’s frequent updates, follow its social media sites:
Facebook: https://www.facebook.com/talentasg/
WeChat: https://mp.weixin.qq.com/mp/profile_ext?action=home&__biz=MzUzNDk0OTAxOQ==&scene=124#wechat_redirect
Twitter: https://twitter.com/TalentaSG
Telegram: https://t.me/TALENTA
