Russia To Give More Rights To Crypto Owners + More News

Russian Prime Minister Mikhail Mishustin. Source: Wikipedia

Get your daily bite-sized overview of Cryptoasset and Blockchain-related news – investigate the stories flying under the radar of today’s crypto news.

Regulatory News

  • Russian Prime Minister Mikhail Mishustin said for the country to recognize digital assets as property so that their owners can protect their interests in court. Mishustin did not specify when it could happen.

Crypto Adoption News

  • Sygnum Bank said The company rolled out its end-to-end regulated tokenization solution, which consists of Desygnate, a platform for issuing primary markets, and SygnEx, a trading venue for secondary markets. Sygnum claims it is now “the world’s first bank with a fully integrated tokenization offering at the institutional level”.

Blockchain news

  • Kazakhstan’s blockchain-based real estate and land registry platform is up and running. reported Inform. The platform claims banks, landowners, land buyers, and renters can get rid of slower, paper-based processes that currently typically take three days to complete, reducing the completion time for land and real estate deals to a single day. The amount of documents that must be submitted to banks has also been reduced, the platform’s architects said.
  • Japan Keio University is building a blockchain-based digital ID platform in cooperation with the domestic blockchain EdMuseThe latter announced in an official publication. The company said the platform was developed for use in the human resource management industry and would help solve labor shortage problems that have become more severe in Japan in recent years. The university’s Graduate School of Business Administration’s Takashi Iwamoto Laboratory will participate in the development, while EdMuse said it has been conducting “technical-level demonstration experiments” with educational institutions in Vietnam, Indonesia and India.
  • The South Korean government has pledged to spend $ 127 million on a new economic revitalization plan that includes blockchain spending. Per Yeongnam.com, the money will be used to promote innovative small and medium-sized enterprises in the regions around the capital Seoul – traditionally a heartland of emerging technology companies – as well as in other parts of the country. The money will be used to support Industry 4.0 companies, including blockchain startups, and help develop a “low carbon and green economy”.
  • After a successful test, Olsztyn, Poland began using blockchain to support its emergency services thanks to the blockchain interconnection platform SmartKeysaid an emailed press release. The SmartKey team combined an Ethereum Smart Contract (ETH) with one Teltonika Smart key device and app that allow fire, ambulance and police teams to safely and securely enter any part of the gated district or secure building in the city without locating a key holder or waiting for a shorter permit Response times. The system will be ready for global rollout from early 2021. said a blog post.

Investment news

  • Galaxy DigitalThe Bitcoin (BTC) funds, which were launched last November, raised $ 58.7 million in the first year. As per the submissions Galaxy Institutional Bitcoin Fund LP raised USD 55.1 million and Galaxy Bitcoin Fund LP raised The institutional fund had 33 investors, while the minimum investment was $ 250,000. The Galaxy fund had 56 investors with a minimum investment of $ 25,000.
  • Major YouTuber Andrei Jikh, whose channel has nearly a million subscribers, said he invested $ 100,000 in Bitcoin (BTC) and Ethereum (ETH) and then used credit platforms to earn interest on his coins. In his video he has said He owned BTC 7.5 (USD 126,667) and ETH 120 (USD 61,080) – or USD 187,747 in total, nearly USD 90,000 more than his original investment.

Exchange messages

  • On Thursday, Coinbase said that increased error rates occur on some back-end systems due to an Amazon AWS failure. “Transactions and access to other parts of our applications can experience intermittent delays or errors. Customer inquiries are also delayed,” added the exchange.