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Crypto Flipsider News – October 12 – Google and Bucket Partnership, Facebook Engineers at 16Z, China’s Blockchain Expansion, UK Investigates Sorare, YouTube Against Pompliano


Crypto Flipsider News – October 12 – Google and Bucket Partnership, Facebook Engineers at 16Z, China’s Blockchain Expansion, UK Investigates Sorare, YouTube Against Pompliano

Read the digest:

  • Partners with Google (NASDAQ 🙂 Bakkt, Facebook (NASDAQ 🙂 set out for Andreessen Horowitz
  • China’s blockchain network has expanded services to Turkey and Uzbekistan
  • Fantasy NFT Soccer Platform under investigation by the UK Gambling Commission
  • YouTube pulls down and restores Anthony Pompliano’s channel

Buckett leaves for Google Partners with Andreesen Horowitz, Facebook engineers

Continuing the race for full crypto integration, the crypto exchange bucket has announced a strategic partnership with global tech giant Google. The partnership will allow Bucket users to purchase items using a Google Pay Wallet and Payment System (BTC) and other crypto.

Also, Bucket users who hold Buckt-issued debit cards will be able to convert their crypto balances to make payments using Google Pay. Crypto Exchange also outlines plans to create new analytics and geolocation functionality on its platform using Google Cloud tools.

On October 11, Andrisen Horowitz revealed that two of Facebook’s top engineers had joined Andresen Horowitz’s crypto team, working on his blockchain and digital currency projects.

Engineers Riaz Faizullah and Nasim Edequique have spent the past two years working on Facebook’s Novi Digital Wallet. Faizullah will serve as CTO of A16Z’s $ 2.2 billion crypto fund, and Eddequiouaq as chief information security officer.

Flipsider:

  • Recently, Facebook has seen massive defections, with Ashok Chandwani accusing the company of “hating off” after his resignation in September.

Why you should take care

Millions of retailers have already accepted Google Pay, a partnership that could allow bucket users to pay in crypto at “supermarkets, pharmacies, restaurants, clothing stores, gas stations” and more.

China’s blockchain network has expanded services to Turkey and Uzbekistan

Although China has become famous for its notorious stance against cryptocurrency, it has remained a supporter of blockchain technology.

According to a press release, China’s blockchain-based service network (BSN) is setting up more international portals. China’s BSN is a public-private nationwide infrastructure project designed to embrace the widespread adoption of blockchain technology.

BSN, the company operating Red Date Technology, has announced an agreement with the Turkish-Chinese Business Matching Center (TUCEM).

As part of the agreement, China will launch two international BSN portals in Turkey and Uzbekistan by the end of December 2021.

Flipsider:

  • Crypto-related service providers are leaving China, with Bitcoin, one of the world’s largest mining machines, ending services in China.

Why you should take care

The expansion of China’s BSN has seen the development of numerous blockchain projects, including more than 30, starting September 1 in Hong Kong and Macau.

Fantasy NFT Soccer Platform under investigation by the UK Gambling Commission

The popular blockchain-based fantasy sports platform Sorare is currently being investigated by the UK Gambling Commission. The commission said:

“The Gambling Commission is currently conducting an investigation into the company to determine whether Sorare.com requires an operating license or whether the services it provides do not constitute gambling.” According to the commission, residents of the United Kingdom who participate in any activity in Sora are doing this outside the rules of gambling.

Sorare currently has no traditional theoretical form of sports gambling. The closest offer would be their trading card, the values ​​of which are largely guided by the performance of the players.

In response to the investigation, Sorare said they “are always involved and have open conversations with authorities who contact us to learn more about our game.”

Flipsider:

  • Sorare continues to expand its reach through a recent partnership with the German Bundesliga

Why you should take care

With increasing scrutiny over cryptocurrencies, exchanges and their providers, projects need to become more consistent or lose support in some countries.

YouTube pulls down and restores Anthony Pompliano’s channel

On October 11, video-sharing platform YouTube removed Bitcoin Bull’s 251,000 subscriber channel, Anthony ‘Pump’ Pompliano. The channel, co-founder of Morgan Creek Digital and host of The Pump Podcast, was restored two hours later.

According to Pompeo, his channel was deleted shortly after he and crypto analyst finished discussing a পার 100trillionUSD hyper bullish scenario for Bitcoin over the next five years.

According to Tim YouTube, another YouTube reviewer mistakenly pumped Bitcoin’s gift as a phishing attempt. After restoring his channel, Anthony Pompliano sent a compliment tweet to his followers;

Flipsider:

  • YouTube still targets crypto-related content with its algorithms, identifying BTC and other cryptocurrency videos as “harmful content.”

Why you should take care

The deletion of Anthony Pompliano’s YouTube channel sparked an uproar in the crypto community, pointing out why decentralized systems need to be successful on centralized platforms.

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