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BIG Weekly Newsletter

Oct 28, 2020
Issue: No 54

A Message To The Reader

Welcome to the BIG weekly Newsletter.

This week read about the importance of APIs for blockchain technology, how Bank for International Settlements to issue a PoC CBDC with the Swiss Central Bank before the end of 2020 and the United States is the country of choice for institutional crypto trading service providers.

***WEBINAR***
I will be hosting the Mobility Event in association with Crypto Valley Association (CVA), MOBI and the Cardano Foundation on Thursday 29th Oct @ 17:00pm CET and I invite you attend! To register for the event click here.

Each week we focus on Blockchain Education Basics, so you can improve your understanding - this week the topic is Atomic Swap.

Remember to listen to our Partner Podcasts -
THE SWISS ROAD TO CRYPTO with Didier Borel! Didier speaks to Florian Ducommun is a founding partner at the law firm HDC Legal.

CRYPTO OWNERSHIP: Do you own cryptocurrencies and need to prove that to someone without revealing the Private Key? If so, BIG has the right offering for you. Click here for more information.

Mauro Cappiello
Founder, Blockchain Innovation Group AG

BIG SERVICES

Would you like to know more about our services? We can help you in proving your crypto ownership. Or perhaps you want to hold a Digital AGM? We are EXPERTS in this field with a proven track record of astounding results. See below for more information:

CRYPTO OWNERSHIP & FORENSIC: Do you own cryptocurrencies and need to prove that to someone without revealing the Private Key? Or do you need to check if someone really owns the assets they are claiming to hold? In either case we just have the right offering for you. Click here for more information.

DIGITAL ANNUAL GENERAL MEETINGS SWITZERLAND: Is there a requirement for your company to hold a digital AGM?. Click here for more information and to watch our video explanation in German click here.

If you are interested in more of our services including Data Protection and C-Level Education, click
here for more information.

BLOCKCHAIN EDUCATION BASICS

ATOMIC SWAP - An atomic swap is a smart contract technology that enables the exchange of one cryptocurrency for another without using centralized intermediaries, such as exchanges. Atomic swaps can take place directly between blockchains of different cryptocurrencies, or they can be conducted off-chain, away from the main blockchain.

BLOCKCHAIN HEADLINES

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The Importance of APIs for Blockchain Technology.
Application Programming Interface (API) is a software intermediary designed to simplify the interactions with applications. APIs help applications talk to each other by retrieving and interpreting data according to the user’s demands.

DAILYHODL

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    JPMorgan Creates New Unit For Blockchain Projects, Says The Technology Is Close To Making Money.
    At JPMorgan Chase, the firm’s digital currency JPM Coin is being used commercially for the first time this week by a large technology client to send payments around the world.

    CNBC

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    South Korea Telecoms Giant Approved For Digital Certificate Blockchain Wallet.
    One of South Korea’s leading telecom companies has announced a new digital wallet for managing and storing blockchain-issued digital certificates, in a move that could generate widespread uptake of the technology across the country.

    COINGEEK

      REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)

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      Lykke Says Nearing Swiss Regulatory Nod.
      Lykke is very close to getting such a license to operate as a securities trader and organized trading facility, founder and CEO Richard Olsen wrote in an email to users. He was responding to a report on Swiss finance blog «Inside Paradeplatz» (in German) claiming the company had sacked most of its staff as of the end of next month.

      FINEWS

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        Fed And Treasury Asks Public For Comment On New Travel Rule For Crypto.
        The Federal Reserve, along with the Financial Crimes Enforcement Agency (FinCEN), an agency of the U.S. Treasury, have invited comment on a proposed rule that lowers the threshold on reporting under the Bank Secrecy Act (BSA) from $3,000 to $250 for transactions outside of the United States in what is widely known as the ‘Travel Rule.’

        FORBES

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        Openfinance to be Acquired by INX (STO) Limited.
        Openfinance has been acquired by INX Limited, a company that is seeking to build a digital asset issuance and trading platform that is in the midst of a registered token offering. INX filed a form F-1 registration statement with SEC in 2019 which was subsequently approved by the regulator. Between the two platforms, the registered user base would be a combined 10,000 individuals.

        CROWDFUNDINSIDER

          FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)

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          Bank for International Settlements to Issue a PoC CBDC With the Swiss Central Bank Before the End of 2020.
          The Bank for International Settlements (BIS) is reportedly set to issue a Central Bank Digital Currency (CBDC) at the Proof of Concept (PoC)stage in conjunction with the Swiss National Bank.

          BUSINESSBLOCKCHAINHQ

          Delhi-laurentiu-morariu-8XZTZIfuNrM-unsplash-860x430
          India Will Soon Have Crypto ‘Banking’ at 22 Physical Locations.
          India’s digital assets space continues to see rapid development, with the latest news from the subcontinent being cryptocurrency financial services offered at physical branches.

          COINDESK

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          China's Central Bank Lays Regulatory Foundation for CBDC.
          China’s central bank, the People’s Bank of China (PBOC), published a draft law this Friday that aims to provide regulatory framework and legitimacy for a forthcoming central bank digital currency (CBDC), the digital yuan.

          COINTELEGRAPH

          CRYPTOCURRENCIES AND DECENTRALISED FINANCING (DeFi)

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          United States is The Country of Choice For Institutional Crypto Trading Service Providers.
          In a survey of institutional cryptocurrency trading service providers, The Block Research team has found that a majority of them, approximately 61%, are based in the United States.

          THEBLOCK

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          North Korea’s Financial Services Commission Unsure of Its Cryptocurrency Mandate.
          The agency, which is supposed to be in charge of the supervision of cryptocurrencies, recently asked which ministry is responsible for dealing with challenges associated with the theft of cryptocurrencies in the country.

          BUSINESSBLOCKCHAINHQ

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            DeFi Still Needs a Silk Road Moment.
            Mainstream criminal adoption would prove that decentralized finance (DeFi) is building tools with real utility, because if there’s any one group that is both underserved in its access to sophisticated financial products and willing to pay huge premiums to acquire them, it’s criminals.

            COINDESK

            HUMANITARIAN & NOT FOR PROFIT

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            Mysterious 'Robin Hood' hackers donating stolen money.
            A hacking group is donating stolen money to charity in what is seen as a mysterious first for cyber-crime that's puzzling experts. Darkside hackers claim to have extorted millions of dollars from companies, but say they now want to "make the world a better place".

            BBC

              RECOMMENDED INDUSTRY REPORTS AND BOOKS

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              The Truth Machine: The Blockchain and the Future of Everything.
              Views differ on bitcoin, but few doubt the transformative potential of Blockchain technology. The Truth Machine is the best book so far on what has happened and what may come along. It demands the attention of anyone concerned with our economic future. --Lawrence H. Summers, Charles W. Eliot University Professor and President Emeritus at Harvard, Former Treasury Secretary

              GOODREADS

              51dW6HC+MhL
              Cryptocurrency: The Economics of Money and Selected Policy Issues.
              Cryptocurrencies are digital money in electronic payment systems that generally do not require government backing or the involvement of an intermediary, such as a bank. Instead, users of the system validate payments using certain protocols. Since the 2008 invention of the first cryptocurrency, Bitcoin, cryptocurrencies have proliferated.

              FAS.ORG

              cmta
              Digital Assets Custody Standard.
              A digital assets custody solution is fundamentally a system that generates secrets and performs computations using said secrets, while preventing their theft and unrecoverable loss.

              CMTA

              PODCAST SERIES

              THE SWISS ROAD TO CRYPTO

              PODCAST

              In this podcast Didier Borel discovers people in Switzerland playing an active role in crypto and tech. He talks to entrepreneurs, tech innovators and disruptors shaping the future in this country. Switzerland has always played a leading country in banking and recognized the need the espouse innovation early.

              CRYPTO VALLEY ASSOCIATION

              PODCAST

              Sheraz Ahmed hosts the CVA Podcast that brings industry leaders to voice their views on the fast moving blockchain environment. It gives an overview to all community members, experts and novices alike on the use cases making a real impact, and their vision for the future of this innovative technology!
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              CVA_Podcast_New_Modification

              UPCOMING EVENTS

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              CONNECTED MOBILITY DATA MARKETPLACE
              Thursday 29th Oct 2020
              17:00pm - 19:00pm CET

              ONLINE
              WORLDWIDE
              cfc_finance-1140x641-1
              CRYPTO FINANCE CONFERENCE
              Wed 20th - Thurs 21st Jan 2021
              09:30pm - 18:00pm CEST

              ST. MORITZ
              SWITZERLAND
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