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Spanish Port Authority Joins Blockchain Platform Developed by IBM and Maersk! Other crypto news

This is a daily round up of important blockchain and crypto news between Jan 21, 2019 and Jan 22, 2019 . The focus is on important news around developments in the blockchain space, on exchanges and crypto projects.

 Please note that this is neither the only nor the exhaustive list, we are constantly trying to improve the feed and if you have any feedback, please feel free to contact us.

1. Spanish Port Authority Joins Blockchain Platform Developed by IBM and Maersk

The Port Authority of the Bay of Algeciras (APBA) has signed an agreement under which it will collaborate with IBM on its shipping platform Tradelens. According to an APBA note seen by Europa News, the platform will allow APBA to more securely and efficiently exchange information and documentation between partners within a supply chain. Read more

2. Japan: E-Commerce Giant Rakuten to Move Crypto Exchange to New Payments Subsidiary

Japanese e-commerce firm Rakuten has announced a revision to its corporate restructure, setting up a new payments subsidiary that includes its cryptocurrency business. The company would seek to reorganize its various offshoots in order to improve accountability and decision-making processes. Read more

3. Exchange CoinZest Accidentally Dishes out Crypto worth USD 5.3m

South Korean cryptocurrency exchange CoinZest has been forced to conduct a “roll-back” on its servers after it mistakenly doled out around USD 5.3 million worth of cryptocurrencies to its customers as part of an airdrop event that went spectacularly wrong.The exchange last week had intended to airdrop hundreds of We Game Tokens (WGT) to its customers as part of a promotional event – but instead mistakenly credited scores of user accounts with cryptocurrencies such as Bitcoin and Ethereum. Read more

4. Bank of England Adviser: Cryptocurrencies Fail Basic Financial Tests, Lack Value

Van Steenis noted that registering new entrants into the banking system, especially technology firms, is one of the major challenges for BOE.He also stressed that traditional banks are slow when it comes to adopting new technologies. “What I love when meeting with fintechs is their obsession with customers. The challenge is will they get customers before the traditional banks can innovate,” he concluded. Read more

5. Iceland: Figurehead in Bitcoin Miner Heist Jailed for More Than Four Years

An Icelandic man has received a four-and-a-half-year prison sentence for stealing Bitcoin mining equipment. Sindri Þór Stefánsson, who in April 2018 boarded a flight to Stockholm from Reykjavik reportedly with a stolen passport, was subsequently arrested in Amsterdam and returned home. Stefánsson claimed he legally fled custody to Sweden.In court, Stefánsson, along with six accomplices, received a lengthy jail term. Read more

Bite-sized News

Only the headlines are enough for these news

  • Two Executives of South Korean Crypto Exchange Jailed for Faking Trading Volumes Read Story.
  • Dutch Financial Authorities Plan Licensing Scheme for Crypto Exchange Read Story.
  • Overstock Blockchain Fund Shuffles Management Ahead of tZERO Launch Read Story.
  • Bitcoin ETF will not be automatically approved due to US government shutdown, says litigation attorney Read Story.
  • Digital Securities Platform Joins IBM Blockchain Accelerator Program Read Story.

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