TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto update from your favorite reporter, Linzerd. Leaked audio from Google shows strategy aimed at conservatives. Kakao Corp raises $90 million. Texas pushes for KYC on crypto transactions. CoinEx shuts down services in China. Bitcoin activity decreases in Venezuela amidst blackout, and Emaar Group is set to launch an ICO.
Leaked Audio from Google Shows Its Secret Strategy Aimed at Conservatives
Leaked audio from Adam Kovacevich, Google senior director of US public policy, appears to reveal him explaining to employees the company’s direction regarding conservatives. The strategy is to outwardly sponsor gatherings such as the Conservative Political Action Committee (CPAC) as a way to lessen criticism about Google’s perceived bias. Critics are also insisting audio proves Google uses sponsorships and PR to steer conservatives toward way from their favorite media sources.
Kakao Corp Raises $90+ Million for Blockchain Platform
Kakao Corporation, the company behind the KakatoTalk messaging platform, has reportedly raised 90 million dollars in a private coin offering for its soon to be launched “Klaytn” blockchain platform. The firm’s blockchain division, dubbed “Ground X”, will launch a new funding round that aims to get the same amount of money they’ve already raise. The platform expects to host third party decentralized apps and services.
Texas Seeks to Force KYC on Cryptocurrency
A new bill has been introduced in the state of Texas that will force people paying with cryptocurrencies to reveal their identities, effectively exerting KYC policies over users. This could impact the usage and popularity of cryptocurrencies in the state due to the preference most cryptocurrency users have of staying relatively anonymous. The bill, if approved, would be enacted September 1.
CoinEx Terminates Services in China
Cryptocurrency exchange CoinEx announced they will not offer services to customers located in mainland China. They announced their decision in a company blog post. From now on, due to the tight regulations in China regulations, they won’t be accepting KYC verifications from users on the mainland. Starting March 29, the exchange’s website will not be visible to mainland surfers. Chinese users are encouraged to withdraw their funds immediately.
Bitcoin Activity Plummets During Blackout In Venezuela
Bitcoin activity in Venezuela, a country that has set records on cryptocurrency trading, has plunged as a consequence of the recent massive blackout. There has been a fall in the number of transactions from 370K to about 240K, according to TrustNodes. To keep up with what’s happening in the country and its relationship with cryptocurrency, be sure to check our series, Letters from Venezuela.
Emaar Group Plans to Launch ICO
Emaar Group, one of the biggest real estate developers from United Arab Emirates, announced they want to get into the cryptocurrency business by launching their own ICO. The token, dubbed “Emaar community token,” will be launched in partnership with Lykke AG to used in any of the group holdings, like malls, entertainment facilities, and venues. Emaar built the Burj Khalifa, one of the most luxurious buildings of Dubai.
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