Blockchain Daily Digest – October 2nd, 2019

Blockchain Daily Digest – October 2^nd, 2019

Facebook’s Libra Creating Shadow Monetary Ecosystem Warns FAC
Facebook’s creation of cryptocurrency Libra will spawn a ‘shadow banking’ system outside of sanctioned financial markets according to US banks.

Coinbase and Pantera Led the Seed Funding Round of InstaDAPP
InstaDApp, a digital banking portal for DeFi protocols, has raised a $2.4 million seed round from investors including Pantera Capital, Coinbase Ventures, and Naval Ravikant.

Looking For a Data Scientist: Is NASA Interested in Launching a New Cryptocurrency?
Giant corporations like Facebook have been developing their own cryptocurrency, as have many other giants of world industry. Recent developments indicate that NASA (National Aeronautics and Space Administration) is also following suit.

CEO Brazilian Firm Owns 25,000 Bitcoin as Tax Files Leaked
The CEO of cryptocurrency firm Grupo Bitcoin Banco has claimed 25,000 Bitcoins (BTC) on a tax filing, while also saying his firm cannot pay out customer funds as the result of a hack. 

Swiss Regulators are Still Keen on Facebook’s Libra
Despite European resistance, crypto development of Facebook’s Libra is welcome with open arms by Swiss Authorities. Mark Bronson of FINMA adds, “We are not here to make such projects impossible.”

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