HyperLinq : Weekly Digital Asset Digest 28

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Rohan Raman
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The HyperLinq Weekly Digest is the one-stop source for the HyperLinq community to access relevant news involving digital assets, where we essentially outline key industry updates that our members may have missed. We are always open to suggestions and feedback so please do not hesitate to let us know what you think!


Samsung Launching a Galaxy Note 10 Crypto-Phone Edition : William Suberg | CoinTelegraph

South Korean tech giant Kakao Corp. will issue its affiliate cryptocurrency, KLAY, direct to Samsung smartphone users. According to the Wall Street Journal citing people familiar with the plans on Sept. 5, the latest edition of Samsung’s new Galaxy Note 10 will feature a cryptocurrency wallet — and free coins. Speaking to the WSJ, the sources said each edition of Samsung’s Klaytn edition of the Galaxy Note 10 would ship with an unknown amount of KLAY. The phone will also include Klaytn’s various features, which its creator says all aim to reduce the confusion surrounding blockchain technology. As Cointelegraph reported, Samsung has already released a blockchain-enabled smartphone, beginning in March with the Galaxy S10. Other operators have done likewise, with another new offering announced just days ago. Whole Network, a startup backed by cryptocurrency exchange Huobi, will formally unveil its $500 Acute Angle next week.

South Korea’s Kakao May List Its Klay Cryptocurrency on Chinese Exchange : Richard Meyer|CoinDesk

South Korea’s Kakao is looking to list its cryptocurrency on an exchange but it may not be able to list the token domestically, according to a report from News1, a Korean news service. While the company is now looking at two exchanges for the possible trading of Klay—one in China and the other in Korea—the government may prevent it from choosing a platform in the home country. The company does everything from finance to entertainment, and its KakaoTalk instant messenger app is reported to have over 400 million users, although only about 10 percent of those are considered active. Kakao’s Ground X subsidiary is developing the Klip wallet, which will support Klay. Klip will be enabled on KakaoTalk. While it has been willing to allow some gray area activity, such as the use of normal corporate accounts by exchanges and the trading of offshore coins, the News1 story suggests that the authorities would not look the other way for Kakao. A listing of any kind would be an about face for the company.

Spanish La Liga Club Atlético Madrid Is Launching a Fan Token : Marie Huillet | CoinTelegraph

Spanish soccer team Atlético de Madrid — which plays in the top professional division of Spain’s soccer league, known as La Liga — is partnering with blockchain platform Socios.com to launch a fan token ecosystem. The news was revealed in a press release shared with CoinTelegraph on Sept. 6. Atlético de Madrid finished 4th in UEFA's Club Coefficients rankings for the current season — beating the likes of Juventus, Arsenal, Chelsea and Ajax. According to today’s press release, Socios and Atlético de Madrid will launch a club-branded Official Fan Token via a so-dubbed Fan Token Offering in fall 2019 for the 19/20 season. The sidechain is powered by chiliZ’ native cryptocurrency $chz, an Ether-compliant ERC20 utility token. Atlético de Madrid joins a host of other major international soccer teams who have already partnered with the platform — including London-based West Ham United, French soccer club Paris Saint-Germain and Italy’s Juventus. Socios’ CEO and founder Alexandre Dreyfus has said that by onboarding such high-profile teams, he aims to grow the platform’s potential user base to “well over a billion sports fans, all of whom will be eventual cryptocurrency users”. This July, CoinTelegraph published an overview of the growing tokenziation of the sports industry.

Paxful Joins Forces With CoinLogiq to Bring Crypto ATMs to Columbia and Peru : Jeori Cant | CoinTelegraph

The global peer-to-peer Bitcoin marketplace, Paxful, and Medellin-based blockchain company, CoinLogiq, are joining forces to bring 20 new crypto ATMs to Colombia and, later, 25 to Peru. In a press release shared with Cointelegraph on Sept. The partnership between the two companies will reportedly encourage people to withdraw digital currencies in the area of Medellin and other cities in Colombia and will offer customers the ability to buy Bitcoin using different payment methods, such as online transfers, gift cards and other more traditional methods like cash and credit and debit cards.Colombia is experiencing a crucial moment for its cryptocurrency industry. 16 that according to a recent survey commissioned by Paxful, an astounding 86.5% of Colombians are familiar with cryptocurrency and 80% are open to investing in the digital asset class.

Franklin Templeton to Track Money Fund Shares on Stellar Blockchain : William Foxley | CoinDesk

A multi-billion-dollar asset management company plans to use the Stellar blockchain for a new fund. Franklin Templeton Investments filed a preliminary prospectus with the U.S. Securities and Exchange Commission Tuesday for a money market fund whose shares would be recorded on the Stellar Network. Rather, «the ownership of the Fund’s shares may be maintained and recorded solely on the Stellar network”, the prospectus says. According to the prospectus, the money fund would seek a $1 per share net asset value with 99.5 percent of its investments in government securities, cash, and repurchase agreements further backed by government securities or cash. The prospectus says Franklin Templeton believes blockchain-based shares provide transparency for shareholders but warns they come with their own risks, including hacking and loss of funds. As such, the firm cautioned that its Stellar project is a test and the fund is liable to liquidation if decided upon by Franklin Templeton.

Jack Dorsey: Twitter Has No Interest in Creating Libra-Like Crypto : Adrian Zmudzinski | CoinTelegraph

Twitter and Square CEO Jack Dorsey stated that there are no plans for a platform-specific “Twitcoin” cryptocurrency, noting that he will instead focus on promoting Bitcoin. According to Australian news outlet The Sydney Morning Herald’s article published on Sept. Dorsey visited Melbourne to take part in the launch of Square Terminal, a new point-of-sale hardware device meant to offer an alternative to the ones provided by banks. He also expressed his ideas about banks and the economy in general. Dorsey also noted that he does not consider the idea of following the example of Facebook’s Libra and releasing a crypto dedicated to Twitter, and that he prefers using existing open standards such as Bitcoin. Square’s mobile payments application CashApp rolled out BTC deposits in June. According to the data released in August, the company has generated $125 million in Bitcoin revenue in Q2 2019. As CoinTelegraph reported in August, Square’s cryptocurrency-focused branch Square Crypto hired Blockstream co-founder and Bitcoin developer Matt Corallo.

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Rohan Raman

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