Crypto News - Friday Musing
It's Friday & time for short updates on crypto-related news that pique my interest.
- Harvard University sees no issues holding security tokens, investing $5M-$10M (not Bitcoin!) in Blockstack, which hopes to be registered directly with the SEC.
- The Bitcoin Lightning Torch was started as a “fun” experiment on Twitter by Hodlonaut (who hasn't been identified). His objective was to spread excitement for and awareness of the Lightning Network. It started with 100,000 satoshis and the recipient would have to add 10,000 sats before passing it on to someone else, then that person would add more, and so on.
The Lightning Torch, a Lightning Network payment that has been forwarded to bitcoiners around the world via Twitter, has run its course and reached its end in the charitable hands of Bitcoin Venezuela.
- The United States Department of Energy (DOE) invested $1 million in a distributed ledger technology (DLT) reserach project with Taekion, initiating Phase II of its blockchain-based electric grid security project. National Security is paramount as the U.S. want to protect their power plants from cyber attacks.
- A JPMorgan official made a statement regarding blockchain's distributed ledger technology (DLT), saying it solves more problems than current linear networks.
“The DLT is great to filter bad actors in the banking system. It is a much better process when compared to the earlier ways of making phones calls and confirming with other banks and entities.”
- Canada's over-priced real estate market, huge household debt, and declining economy have hedge funds targeting Canadian banks.
What do all these tell us about the future of the cryptocurrency markets? You be the judge!
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