Weekly Crypto Recap
17 February 2018
From Digital to Olympic Gold?
Bitcoin Luges Its Way into Winter Olympics
The US luge team is on it’s way to becoming the first Bitcoin-sponsored Olympic team. They have been campaigning for donations online since December, and they promise to promote the cryptocurrency through all their available channels during and after the Winter Olympics in Pyeongchang.
Bitcoin Charity Donations Soared 10-Fold Last Year
As the IRS (US Internal Revenue Service) enforcement efforts amplify, crypto donations are becoming more attractive. Last year, more than 255,000 non-profit organizations received donations from cryptocurrency investors who wanted to reduce their tax burden.
Canadian Securities Exchange Taps Blockchain for New Clearinghouse
A fully regulated platform for token sales is planned to launch in Canada, aiming to bridge the gap between the blockchain-based assets and the traditional capital markets. The 3D-printing company Kabuni might be the first to issue tokenized securities on this new platform.
Ethereum Code Editor Resigns over Legal Concerns for Ledger Amendment Proposal
The Ethereum community is currently debating whether the so-called “rescue forks” are a legitimate way to restore the lost funds of hacked Ethereum-based projects. During the debate, one of the six developers with the right to accept software changes resigned this week over legal concerns.
Western Union Confirms Testing Ripple Technology for Money Transfers
Ripple’s blockchain-based settlement system is currently being tested by Western Union. The company’s CEO praised the cryptocurrency for its speed and low transaction costs and is considering its implementation in Western Union’s global money-transfer infrastructure.
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