VHCEx Newsflash | 24th June 2020
PayPal and Venmo to Soon Allow Crypto Buying and Selling
According to a Coindesk report, sources say that users of PayPal and Venmo can soon buy and sell crypto directly from their platforms. This increases PayPal’s involvement with cryptocurrencies as it currently serves as an alternative option to withdraw funds from some exchanges. This new service is expected to be available in the next three months and can possibly be stored in the built-in wallet that will probably roll out as part of this new service.
Image Source: Medium
A Crypto Movie About Satoshi Nakamoto In The Works
A crypto movie regarding the mysterious Bitcoin creator Satoshi Nakamoto titled Decrypted is currently in production. The role of Satoshi Nakamoto is portrayed by Akie Kotabe, who played a leading role opposite Oscar-nominated actress Salma Hayek in the 2014 action thriller, Everly.
Decrypted is described on IMDB as “An outrageous and provocative dark comedy about a mismatched NSA team who kidnap the creator of Bitcoin — Satoshi Nakamoto — and attempted to torture him for the information they needed to destroy cryptocurrencies”.
Image Source: Needfud.com
No Bitcoin in China’s Top 10 Crypto List
Bitcoin is not in the top 10 of the 18th CCID Global Public Chain Technology Evaluation Index that was released by China’s Center for Information and Industry Development (CCID). The index ranks 37 well-known global cryptos based on technical specifications. This time, Bitcoin placed in 12th place in the list, while its biggest competitor Ethereum made it into the top 3. The top 3 in the list were EOS, TRON and Ethereum.
Image Source: Bitcoin Magazine
‘Big 4’ Auditor KPMG Now Offers Crypto Asset Management Tools
KPMG recently launched a suite of tools to help both traditional financial companies and fintech start-ups manage their data in compliance with regulations around financial reporting, security and processing needs. The customers can use these tools to gather and manage data from both traditional systems as well as blockchain databases. Users can use these suites to run advanced analytics as multiple use case modules were built based around actual feedback from companies in the industry.
Image Source: Bitcoin Exchange Guide
UNICEF Funds Startups for COVID-19 Relief using Cryptocurrency
The United Nations Children’s Fund (UNICEF) recently revealed their greatest cryptocurrency investment funding of start-ups in developing and emerging economies. Using their UNICEF Cryptocurrency Fund, the recipients will be using the funds to solve local and global challenges including easing the difficulty faced due to COVID-19.
These start-ups will be receiving 125 ETH to help continue developing their technologies after previously receiving up to $100,000. Chris Fabian of UNICEF Ventures was excited to report that the transfer of funds to the eight start-ups in a total of seven countries was conducted in less than 20 minutes and cost less than $20 – less than 0.00009% of the total amount transferred.
Image Source: Hedgethink