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Back to Square One
Over our editions, we have given examples of blockchain technology applications, demonstrating their disruptive potential. One of the recent problems that our world faces is the lack of standardization of civil identity. Thinking about this subject, we suggest the article “The Impact of Digital Identity”, published by Medium, which highlights the effects of implementing a digital identity, as well as lists some blockchain projects in connection with the subject.

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Block News

Binance Exchange declares that they have aided the British police in a cybercriminal investigation – Samuel Lim, Binance’s Compliance Officer, said that the exchange worked with the Metropolitan Police Service’s Cyber Crime Unit to investigate a Bulgarian phishing expert. This practice, as its name suggests, aims to “phish” valuable information and personal data through fake messages – such as fake conversations in messenger apps and emails that ask you to click on suspicious links. The criminal created scripts for fake websites, similar to real websites of British companies. As a result, other criminals were able to use the scripts to access and sell customer personal data on the dark web. To access the official Binance pronouncement, click here. (COINDESK, 09.27.2019; BINANCE BLOG, 09.26.2019)

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Aeternity Blockchain will track Uruguay Can cannabis supply chain – In 2013, Uruguay was the first Latin American country to legalize cannabis production and sale. Now, Aeternity has announced that it is creating a platform to manage Uruguay Can supply chain, a company that produces cannabis for medical and recreational use, combining IoT and DApps. Pablo Coiloro, CEO of Aeternity Americas, stated that the platform technology is ideal for tracking the entire cannabis production process, from seed to full plant growth, throughout the supply chain, ensuring consumer safety and compliance with current regulations. The first phase of the project is expected to be concluded in January 2020. (COINTELEGRAPH; 09.25.2019)

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US House of Representatives approves Law for Financial Crimes Enforcement Network (“FinCEN”) to study Blockchain technology – The “Advancing Innovation to Assist Law Enforcement Act” proposed by Anthony Gonzalez and, to be appreciated by the Senate, states that FinCEN will study how blockchain technology, among others, can bring benefits to the agency. Government Blockchain Association Executive Director, Gerard Daché, believes that this was a “late breakthrough”. (COINDESK, 09.24.2019.)

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Venezuela Central Bank studies adding Bitcoin and Ether to its international reserves – Internal tests at the Venezuela Central Bank has began on a request from Petroleos de Venezuela SA (PDVSA), a state-owned oil and natural gas company, in order to allow supplier payments by the Central Bank using the Ether and Bitcoin reserves that they have obtained. Because of economic sanctions imposed by the United States government, PDVSA has had difficulty negotiating with its customers and suppliers, as large banks are avoiding business relationships with the company. It is not yet known how PDVSA managed to obtain the cryptoassets nor how much they have. (THE BLOCK CRYPTO, 09.26.2019)

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NBA player plans to tokenize his $ 34 million contract – Brooklyn Nets basketball player, Spencer Dinwiddie, plans to tokenize and thereby fractionally market his contract with investors through a STO. The token owners will be remunerated through payments with interest. Dinwiddie’s contract will pay him over 3 years and the tokens will allow him to receive it in advance. (DECRYPT, 09.16.2019.)

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Russian bill aims to tax cryptoassets – The Russia Association of Banks presented a bill proposal, which will be discussed shortly, which states that crypto mining can be equated with the activity of “finding money and other treasures”. Besides, the Association argues that transactions with crypto should be taxed in the same way as foreign exchange transactions. (THE BLOCK CRYPTO, 09.27.2019.)

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A lawsuit brought by Rodrigo Marques, CEO of Atlas Quantum, against the exchange Bitfinex became public on social networks – At the end of October 01st, was spread information about the existence of an action proposed by Atlas Quantum CEO, based on an “unauthorized and fraudulent transactions” in August 2018. According to the document, the exchange would have transferred the amount of 1,280 Bitcoins from Rodrigo’s Bitfinex account to another user’s account, of unknown identity, on the exchange platform. Atlas Quantum’s press office, in a statement, confirmed the existence of a lawsuit against Bitfinex. (CRYPTOFACIL, 10.01.2019.)

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Blockchain Desk Recommends

Blockchain technology can be used to increment certain market segments. Among the many examples are the media and film industry that can make use of technology in the field of intellectual property. In this issue we recommend the study “Blockchain technology and the Canadian media industry” by Telefilm Canada, which brings cases technology use in this sector, focusing on the Canadian scenario.

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Blockchain Desk.