Football Club for cryptocurrency and crypto transfer via e-mail: weekly digest of crypto news
The Italian football club sold a quarter of its shares for cryptocurrency, the oldest insurance company insured a crypto fund, and Samsung creates blockchain solution for banks. Learn about these and other blockchain news of the week in our digest.
Cryptocurrency transfer by email
Developers from Ukraine created the project called Ethnamed with a built-in crypto wallet for Google Chrome and a protocol for modifying e-mail to hex addresses.
The project was launched in the main Ethereum network, but currently it is being beta tested. According to the developers, their main goal is to make a payment solution that would allow sending money to a person, knowing only his e-mail or nickname.
Ethnamed allows you to bind a wallet with a long address to an e-mail or nickname. In addition, the project uses an approach similar to that of Metamask: it builds an open repository with code that is needed to work with different cryptocurrencies, and then automatically compiles invoices, integrating web pages with web3t.
The Ethnamed authors plan to add integration with exchanges, atomic swaps for a number of cryptocurrencies and develop a desktop version.
Samsung blockchain solution for banks
Samsung SDS together with the Korean Federation of Banks has created a banking blockchain-based service BankSign, designed to protect data exchange.
In particular, BankSign will protect communication channels of banks by connecting them to a single network for data exchange. Benefits will also be received by the bank's customers: if they want to perform a transfer of funds through a mobile application, their verification will take place only through the bank identifier: via password, fingerprint or unlock pattern.
Crypto fund and the oldest insurance company
Kingdom Trust, which manages the portfolio of crypto assets, has insured a reserve fund in the world's oldest insurance company Lloyd's of London.
The reserve fund is insured against theft and loss as a result of natural disasters. Matt Jennings, the CEO at Kingdom Trust, believes that such a step will help to attract institutional investors to the company, as they will be sure of the proper fulfillment of the obligations.
Today, Kingdom Trust manages a portfolio of crypto assets for a total of $12 billion. Representatives of Lloyd's of London didn’t comment on the situation.
Google Play and a ban on crypto apps
Despite the fact that Google has banned the distribution of applications that are somehow related to the cryptocurrency, Google Play still has some.
The thing is in the ill-defined formulations of the Service Terms and Conditions. Previously, it said that Google doesn’t allow applications to use cryptocurrency on owners’ devices. But a month ago the company confirmed that applications that manage cryptocurrencies remotely are not prohibited.
This loophole was used by mining applications. They are still available on Google Play. Some of them (for example, MinerGate) just updated their policy: now instead of mining they are engaged in “monitoring and management”.
Football club for cryptocurrency
The Italian football club Rimini sold 25% of its shares to the blockchain company Quantocoin, but not for fiat, but for the company’s own token – QTCt.
Quantocoin partner Pablo Dana said that such a step would prompt cryptocurrency investors to pay attention to the sports industry. According to him, the company intends to save world football from corruption and hidden financial frauds.
Quantocoin is a blockchain project for the purchase and sale of goods and services, currency exchange, international transfers, loans and other transactions.
Read more news from the world of cryptocurrency and blockchain on the website of Blockchain & Bitcoin Conference Kyiv.