- A case involving almost half a million dollars in cryptocurrency led to an important new precedent in China. A high Chinese court, the Court of International Arbitration, ruled that Bitcoin and other cryptocurrencies are valuable personal property and are therefore protected under existing Chinese law.
Swiss bank Swissquote has opted to enable its clients to participate in initial coin offerings easily. The first ICO to be offered as an investment option on the banking platform is LakeDiamond, a lab-grown diamond company which is raising funds to purchase new equipment. They will offer more ICOs in the future.
This week Sony announced that its Computer Science Laboratories division had developed a cryptocurrency hardware wallet technology using IC cards. It could be used to store bitcoin and other digital assets in a secure offline environment while retaining the convenience of less-secure online crypto storage systems.
Data from the Bank of Canada and the Ontario Securities Commission has revealed that bitcoin adoption and general crypto awareness in Canada is growing steadily, with the percentage of Canadian poll respondents who own bitcoin rising from 2.9 percent in 2016 to 5 percent in 2017.
HTC launches blockchain smartphone "Exodus", which you can buy only in cryptocurrency. HTC Exodus enables support for decentralized applications (DApps) like CryptoKitties and doubles as a hardware wallet for cryptocurrency adopters.
Speaking to CNBC, HTC’s decentralized chief Phil Chen stated:
"We believe blockchain is the new paradigm for smartphones and it will form part of HTC’s wider smartphone strategy. This marks a change in HTC, with increased focus on software and IP."
- One of Britain’s best known breweries, Craft brewery BrewDog, is welcoming Bitcoin Cashers to its new bar. BrewDog has opened a bar in Canary Wharf, London, that accepts not only bitcoin but also changes its markup based on the movement of the Financial Times Stock Exchange 100 Index (FTSE).
Have a nice and productive week! See you next Monday!