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Back to Square One
In this issue, we bring to you a list that points out the most important cryptocurrencies in the market other than Bitcoin (“The 10 Most Important Cryptocurrencies Other than Bitcoin”), according to Investopedia.

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STJ confirms decision that determined the closure of bank account of exchange – As published in our bulletins 08.06.2018, 08.21.2018, 09.17.2018 and 10.01.2018, the discussion on the possibility of unilateral closing by the banks, of the bank accounts of crypto exchanges is still on the agenda. On 10.09.2018, by the majority of votes, the 3rd Panel of the Superior Court of Justice (STJ) maintained the decision that considered valid the closure of Mercado Bitcoin’s bank account. The analysis by the court was restricted to the elements brought in the case file, and did not challenge the argument that the “the banks were closing the accounts of Crypto Exchanges in a systematic manner”. minister Ricardo Villas Bôas Cueva stated that “there are no factual elements in the records that allow entering into this analysis” and that there is a consolidated jurisprudence in the STJ that the closure of the bank account consists of a subjective right of the bank, provided that prior notice is observed. (JOTA, 09.10.2018)

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BanQu: ID for Refugees and the least privileged – Ashish Gadnis, , an Indian engineer, created in 2016 BanQu, a platform using blockchain technology that provides an “economic identity” for the underprivileged, allowing their inclusion, without the need of using cryptoassets. According to the developer, “there are small farmers who do not sell their production because they have no credibility. I have created a system that gives large companies all the data of that person [such as documents, address, and sales history] and also generates an electronic receipt of the transaction to the seller through an SMS, so he/she does not have to buy a high-value smartphone”. The platform is active in 10 countries and should soon be in Latin America. (ÉPOCA NEGÓCIOS; 08.10.2018)

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Administrative Council for Economic Defense (Cade) requests crypto exchanges to provide information – The autarchy established an investigation to determine the facts brought to its attention through the administrative proceeding filed by the Brazilian Association of Cryptocurrencies and Blockchain (ABCB) in which it claimed that the unilateral closure of the exchanges’ bank accounts by banks was an anticompetitive practice. In the same way that the banks, the exchanges were requested to provide answers for the questions raised by Cade. (PORTAL DO BITCOIN; 02.10.2018)

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Yale University invests in cryptoassets fund – Yale University, which invests from Puerto Rico bonds to timber in New Hampshire, has entered into the cryptoassets market. The university invested approximately US$ 400 million in the Paradigm fund, created by Coinbase. (BLOOMBERG, 05.10.2018)

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SEC intensifies investigations of ICOs – The Securities and Exchange Commission (SEC), since early 2018, is collecting information about some Initial Coin Offerings (ICO). This month, the agency again called on some companies that had already shared information, especially those which could not demonstrate that they sold their tokens exclusively to accredited investors. Many companies who raised money through ICOs agreed to return the investor’s money and pay a fine to the SEC. (DECRYPTMEDIA, 10.10.2018)

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Blackberry launches blockchain platform for the healthcare industry – According to the announcement of BlackBerry on 10.10.2018, a partnership was executed with ONEBIO to develop a blockchain technology based platform for the storage and sharing of medical data. The platform will be supplied by both patient and physician records and also by biometric equipment (through IoT). (COINTELEGRAPH; 05.10.2018)

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Blockchain Desk Recommends
The internet is increasingly inserted in our daily lives. From computers to smartwhatches, we are more connected to the world wide web. However, we are also more exposed to hacking attacks and other cyber risks. Such risks are extended to the so-called Internet of Things (IoT). We indicate, in this issue, the article “Is Blockchain The Way To Save Iot?”, written by Nelson Petracek and published in Forbes, which deals with the possibility of intersection of IoT with blockchain technology and how the segment could benefit from this combination, especially with regard to security.

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Blockchain Desk.