HyperLinq : Weekly Digital Asset Digest 30

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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!


Coinbase Considers Listing Telegram, Polkadot Cryptocurrencies Among Others : William Foxley | CoinDesk

Coinbase has announced the possible addition of 17 new cryptocurrencies to its current line up. According to a blog post from the exchange, Coinbase is exploring the addition of Avalanche, Celo, Chia, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, orchid, Polkadot, Solana, Spacemesh, and Telegram. As of now, Coinbase’s non-pro exchange lists Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, USD coin, XRP, Stellar, Zcash, OX, Litecoin, and the basic attention token. Earlier this week, cryptocurrency Dash was added to Coinbase Pro following an investigative period. Of the eight, only two—Algorand and Dash—were added to Coinbase Pro.

Former Iced Tea-Turned-Blockchain Company Sells Beverage Subsidiary : Joeri Cant | CoinTelegraph

Long Blockchain Corp., previously named Long Island Iced Tea, has reached a definitive agreement to sell its beverage subsidiary, Long Island Brand Beverages. In a Sept. Andy Shape, CEO of Long Blockchain stated that this transaction will allow the company to concentrate its efforts on the underlying loyalty operating business. The former iced tea and lemonade manufacturing company had rebranded itself from Long Island Iced Tea to Long Blockchain in the beginning of 2018, which resulted in the company’s share price rising from under $5 million to almost $70 million in a few days. In 2017, it was not uncommon for companies to capitalize on the blockchain euphoria sweeping the globe and add the word «blockchain» to their names, despite having nothing to do with the technology. In July, Cointelegraph reported that the United States Federal Bureau of Investigation is looking into Long Island Iced Tea’s shift to blockchain for evidence of insider trading and securities fraud.

Binance to Add Fiat-to-Crypto OTC Trading in a Month, Co-Founder Says : Richard Meyer | CoinDesk

Crypto exchange Binance is planning to add over-the-counter trading to its platform in a month to provide users with fiat currency gateways. Binance’s co-founder and chief marketing officer He Yi said at a media session on Tuesday during the Shanghai Blockchain Week that the exchange will specifically support fiat on-ramp via OTC for Chinese yuan. He added that the new service will be part of Binance’s plan in the coming months to dedicate more time and resources to compete in the Chinese market. Other long-running Chinese exchanges like Huobi and OKCoin have since then moved overseas and offered crypto-to-crypto trading while recruiting OTC market makers onto their platforms to help users buy and sell cryptos using Chinese yuan. The news about Binance’s OTC capabilities comes as the exchange, which, according to CoinMarketCap data, is the world’s largest by trading volume, quickly racks up deals that increase its links with the real economy and improve its connections to mainstream finance. The exchange is pitching its stable coins as alternatives to Libre. Also in the U.S., Binance said it would start accepting U.S. customers via its partner from Sept.

Facebook Set on 2020 Launch for Libra, Despite Regulators’ Pushback : Marie Huillet | CoinTelegraph

David Marcus, the head of Calibra at Facebook, has said that a 2020 launch for Libra remains the company’s goal, despite regulators’ intense hostility toward the project. In an interview with Swiss newspaper NZZ on Sept. Such concerns have ostensibly been fuelled by the stablecoin’s potential exposure to 2.7 billion monthly users of Facebook’s three wholly-owned apps — WhatsApp, Messenger and Instagram. By contrast, the executive said he anticipated the digital coin would initially "see acceptance problems rather than regulatory ones", noting that consumers would need some time to properly grasp what they can use Libra for. In response, he claimed that Facebook will not be able to access data from Calibra and underscored that the social network’s data and that of the Libra payments network would remain strictly separate. As reported, Facebook CEO Mark Zuckerberg has spent the past week in Washington D.C. for a series of meetings with policymakers to discuss internet regulatory matters such as privacy, competition and its handling of political content.

Verizon Just Won a Patent to Create Virtual SIMs on a Blockchain : Daniel Palmer | CoinDesk

Telecommunications conglomerate Verizon is eyeing the use of blockchain technology to underpin the dynamic creation of virtual SIM cards. The company was granted a patent with the U.S. Patent and Trademark Office for the concept on Sept. 10, in which it sets out how it the invention could do away with pre-inserted, branded physical SIM cards. The patent describes how a physical SIM card can be replaced by a software equivalent – a virtual SIM – that is secured with blockchain-based encryption. A device on the mobile network would create a user account for storing one or more vSIMs and a selection of network services to be associated with the account. The network device then creates a blockchain record including a vSIM certificate for the network services and an International Mobile Subscriber Identity – a number that uniquely identifies all users of a cellphone network. The vSIM certificate is then linked to the user account and can be activated on a client’s mobile device. Participating nodes on the "distributed consensus network" would maintain a list of records that Verizon calls a vSIM blockchain. According to the patent, "In one implementation, users can accept new vSIM certificates into a user account, transfer a vSIM among client devices associated with the user account, or deliver a vSIM certificate to another user." This would appear to suggest that, say, a company could purchase a number of vSIMs, assign them to its staff at will and later re-assign them to other employees using the system.

South Korea’s CJ Corp Taps Amazon’s Blockchain for Music Copyrights : Helen Partz | CoinTelegraph

An IT arm of South Korea’s major conglomerate CJ Corp is using Amazon’s blockchain tech to improve music copyright management. CJ OliveNetworks has implemented Amazon Managed Blockchain in its new digital copyright system for recording and tracking music in broadcast content, local news agency Yonhap reported on Sept. According to the report, the new blockchain-enabled electronic copyright platform intends to bring a higher level of transparency in music copyright management by providing secure sharing and storing tools and unmodifiable methods for mutual verification on the network. The company says that the adoption of the system will have a number of benefits for all stakeholders, including broadcasters and copyright societies. Previously, blockchain and Bitcoin mining manufacturer Bitfury launched its Bitfury Surround venture to open-source the music industry and help artists establish a fairer business revenue model.

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Rohan Raman

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