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Week’s Top 5 Sensational news stories

Round up of the top news this week

july btc xrp cardano week
  • BTCNEXT/Cardano Scam Detected in Japan
  • 2020 F.C.A. Research Report
  • Gold Scams 2019/2020
  • XRP Uncertainty
  • Blockchain Answer To Accountable Sourcing

BTCNEXT/CARDANO SCAM DETECTED

This week Cardano was made aware of a scam linking them with BTCNEXT. The person/s conducting a scam was allegedly working for BTCNhttps://www.btcnext.io/EXT and had close links with Cardano and therefore, it would be ‘safe’ to send them assets.

Cardano denied any association with BTCNEXT, and alerted the public of the scam.

FCA Financial Conduct Authority

F.C.A. Research Report

The F.C.A research report became available at the end of June. Amongst its findings, the researchers reported that only 27% of those that had crypto used it as a currency.

Companies such as Travala have embraced cryptocurrency payments and just this week have teamed up with Expedia, allowing those who would like to book accommodation to use crypto as their preferred payment method.

Still, giant companies are concerned about the lack of regulatory protection and indistinct tax guidelines.

Gold Scams 2019/2020

Gold

Where there is gold, there are gold scams. The latest scam back in June involved copper gilded bars being used as loan collateral this, of course, has to lead to unease within the investment community.

Scams are big business and $millions are conned out of unsuspecting investors every year.

XRP Uncertainty

XRP Ripple

Xhttps://ripple.com/xrpRP continues to face criticism this week despite its rise in price, that was probably as a result of speculation that ODL services will be established in APAC and EMEA countries this year.

The interview with Marcus Treacher refers to Ripples On-Demand Liquidity service that has been established across the globe, creating a bridge between currencies.

Blockchain Answer To Accountable Sourcing

Volvo

This week Volvo Cars Tech Fund invested in the blockchain technology firm, Circulor, in order to guarantee full traceability of the cobalt used in cars and to provide transparency for customers.

The strict sourcing guidelines that Volvo Cars are looking to implement will follow traceability of the materials used in the construction of the batteries used in their electric cars. A positive step forward in the automotive industry.

weekend

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