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IBM Partnership Uses Blockchain, IoT to Combat Drought in California ! Other crypto news

This is a daily round up of important blockchain and crypto news between Feb 10, 2019 and Feb 11, 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. IBM Partnership Uses Blockchain, IoT to Combat Drought in California

IBM Research and sensor tech provider SweetSense have reportedly partnered with non-profit organization The Freshwater Trust (TFT) and the University of Colorado Boulder to use blockchain and IoT technology to sustainably manage groundwater use in what they describe as “one of the largest and most at risk aquifers in North America” — located in northern California’s Sacramento-San Joaquin River Delta. Read more

2. ALS Association Partners With TRON to Use Blockchain to Track Donations

The campaign, called #VoiceYourLove, aims to build awareness around amyotrophic lateral sclerosis (ALS), commonly known as Lou Gehrig’s disease, and raise donations for research into treatments and finding a cure. TRON has also participated in the actual campaign, with the firm’s founder and CEO, Justin Sun, donating $250,000 to the cause. Read more

3. Bank of Spain Warns Citizens Against Crypto Given Lack of Local Regulations

The institution starkly warns that in cases where crypto is used for purchases of goods and services, it would be an “impossible mission” for a consumer to claim their rights should anything go awry with the payment or purchased product. The governor has reportedly gone so far as to dismiss the term “cryptocurrency” itself as being too equivocal, proposing that it should be replaced by the term virtual currency or crypto asset. Read more

4. Google Play Found Hosting Malicious Apps That Steal Cryptocurrencies

The latest incident was when it was found that Google Play, Google’s app store was hosting malicious applications designed to steal cryptocurrencies. The malware dubbed Clipper has been discovered by researchers at ESET internet security firm. Earlier, the same team had discovered one weakness on download.cnet.com. Read more

5. LocalBitcoins Notifies its Users of Upcoming Verification Requirements

A new set of money laundering regulations have been put in place by European regulators, and cryptocurrency businesses are once again required to change certain business practices. LocalBitcoins has started introducing the necessary changes to make its business practices in-line with the new regulations, and therefore it has announced a new identity verification process today for all its users. Read more

Bite-sized News

Only the headlines are enough for these news

  • SEC ‘Crypto Mom’: Delay in Crypto Regulation May Allow More Freedom for TechnologyRead Story.
  • Bakkt Cryptocurrency Exchange Platform Will Launch Later This Year: ICE CEO Read Story.
  • Major Philippines Bank Union Bank Launches Two-Way Crypto ATM Read Story.

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