Author: Olesya Novik
Blockchain News

Some World Blockchain News

Just in case you missed some worldwide blockchain news of this week.

In Lithuania the first crypto marathon took place. 

Thousands of participants who used the Lympo Run (a blockchain based sports app developed by Lithuania blockchain company Lympo) won tokens on the Vilnius marathon.

During the marathon, I’ve had a chance to talk with a few runners who used Lympo Run to track their races. It was incredibly inspiring to finally see people enjoying the app and actually getting rewards for completing challenges. We still have so much ahead of us, but this was truly a beautiful start and a major milestone in Lympo’s journey,” – said Ada Jonuse, Lympo CEO.

 

The Internet of Things and Augmented Reality are already changing the way we interact with the world. We are excited to partner with AR titan Lenovo New Vision Technology I see the combination of AI/AR and IoT revolutionizing the business environment.

Credits – a technological platform for the development and execution of decentralized applications based on the blockchain technology and smart contracts is teaming up with Lenovo New Vision Technology to force the development of IoT.

Credits is going to apply their blockchain expertise for building a new software relevant for the Internet of Things together with AI/AR, and further implement this new product in high-growing industries such as Fintech and Logistics.

Moreover, Lenovo New Vision Technology wants to incorporate Credits blockchain solution to streamline internal operations management.

 

Cryptocurrency became one of the main plots in this week Coronation Street episodes. 

Coronation Street is on British TV since 1960 and is one of the major British TV soap operas.

Forbes writes on Tuesday, September 11:

Bitcoin and cryptocurrency have found an unlikely home: on British soap opera Coronation Street, a TV programme watched by some eight million people per episode.

 

South Korean banks are limiting services for customers who are not using the real-name system. 

Seven months ago, the Korean government demonstrated the crypto real-name system, however, only 40-50% of accounts at the country’s top four cryptocurrency exchanges have been converted into real-names.

Money Today reported on September 10:

Although the name verification service has been in operation [for] more than half a year since its inception, the conversion rate to the real-name verified accounts for each exchange site is only 40 to 50%.

 

This is a historical moment, for us and for the blockchain community. We have achieved a significant milestone that marks the beginning of a new era. Tokenisation of assets is the most prominent and exciting use case of blockchain technology, and we’re proud to be pioneers in this space. This Warhol painting is the first of many more to come and we are looking forward to seeing and leading the financial revolution for the art market.

The first astonishing artwork was tokenized and sold on the blockchain. 

Maecenas – an art investment platform built on blockchain sold Andy Warhol’s 14 Small Electric Chairs (1980) in the private beta launch.

The cryptocurrency auction partnered with London-based fine art gallery “Dadiani Syndicate” and attracted more than 800 sign-ups.

 

In the race to regulate crypto, I don’t think there is a need for European legislators to rush to find a solution to govern the market. The EU is potentially waiting to take a cue from America — as a pioneer for the enforcement of crypto regulation and application of securities laws — and not wanting to be seen to curb innovation and fall behind in technological advancement. Nicolas Gilot, Co-CEO of Ultra.

After meeting in Vienna, EU Finance ministers have agreed not act rashly in regulating the emerging crypto markets in Europe.

 

Stay tuned!

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