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Members FA-Digest 14 november 2018

VCT

Hackers: the official Twitter handle of Google’s G Suite has been compromised to promote 10,000 Bitcoin (BTC) giveaway scam to its 822K followers. An official Twitter account of US retail giant Target has been hijacked to promote fake giveaway to almost 2 million followers. Numerous high profile verified Twitter accounts have been recently hacked to promote malicious giveaways. The list of victims includes celebrities, politicians, and government accounts.

Bullish: Lyon Hardgrave, VAKT Global’s vice president of product development, revealed during S&P Global Platts Digital Commodities Summit in London that a new BP, Shell and Equinor-backed project to modernize physical energy post-trade process is expected to go live at the end on November in the North Sea oil market. Hardgrave further added that in 2019 they will look at ARA barges, waterborne markets and US crude pipelines. Using blockchain technology, the platform aims to help companies move away from traditional paper-based trading contracts to digital smart contracts, expecting to save around 40% in post-trade resolution.

Michael Parsons, ex-Chairman of the Foundation Council of the Cardano Foundation, has officially resigned. Pascal Schmid will temporary take over as Chairman, until the Foundation will find a suitable person. Reminder: in October, Charles Hoskinson, founder of Cardano (ADA) and CEO of IOHK, and Ken Kodama, CEO of Emurgo, have published an open letter asking for the resignation of the chairman of the Cardano Foundation. In 2015, the governance of Cardano was split into three legal entities: IOHK, Emurgo, and the Cardano Foundation to achieve more political decentralization.

Banks: Japanese Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial institutions, has signed a Memorandum of Understanding (MOU) with Brazilian Banco Bradesco S.A. to develop a new high-speed, transparent and traceable cross-border payments service between Japan and Brazil, utilizing Ripple’s technology.

Adoption: a major US museum and educational center Great Lakes Science Center in Cleveland, Ohio, started accepting Bitcoin (BTC) as payment, becoming the third US museum to accept cryptos

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