Blockchain Genomics Firm, Global Pharma Giant Merck Sign Anonymized Data Sharing Agreement

As previously reported, Nebula is a blockchain-powered platform for genome-sequencing data, co-founded in 2017 by renowned geneticist Professor George Church and his Harvard colleagues Dennis Grishin and Kamal Obbad.The platform leverages blockchain technology in a bid to incentivize genomic data generation and sharing, and to lower the costs of genome-sequencing while preserving privacy and individuals’ control over their unique and sensitive data.In its collaboration with EDM Serono, Nebula will provide the firm with access to its network of anonymized genomic data in order to support the research and development of new medicines.In January of this year, Merck was  awarded  a  patent in the United States earlier this year for a system that uses a combination of artificial intelligence and blockchain tech to establish the authenticity of unique physical objects.

Crypto-Enabled Payment Firm Square Recruits Former Google Product Director Steve Lee

Square Crypto was announced in March of this year when the organization joined Twitter, and planned to hire crypto engineers and designers to work on the bitcoin and crypto ecosystem, paying them in cryptocurrency. Just hours before announcing Lee’s recruitment, the official Twitter Square Crypto account asked— in what appeared to be a joke — the community to welcome the company’s “summer intern and inaugural hire, Gary Fuches.” As the next — and last — tweet sent by the account notes, Lee is a former product director at Google, an angel investor and a volunteer project manager for bitcoin development. His LinkedIn profile further notes that he has also been a software engineer at technology giant IBM and a product manager intern at Yahoo. Lee, as some members of the community did in response to Gary’s alleged tweet. In February, Twitter co-founder and CEO Jack Dorsey — also the founder and CEO of Square — said that rolling out the Lightning Network on Square’s Cash App is a question of “when, not if.”

Ex-Employee Sues Zcash Operator in $2 Million Lawsuit Over Unpaid Stocks

The company behind cryptocurrency zcash (ZEC) is facing a $2 million legal challenge over unpaid shares, documents originally filed on May 29 confirm. Simon Liu worked for Zerocoin, now known as the Electric Coin Company, and additionally claims the company was not legally permitted to offer the equity”. Plaintiff is informed and believes, and thereon alleges, that Zerocoin did not have the authorization to issue common stock to employees in 2016, and that Defendants, and each of them, were aware that Zerocoin did not have such an authorization,” the document reads.A dedicated ASIC mining device for Zcash and other Equishash coins, developed by cryptocurrency  mining  giant  Bitmain,  appeared in March this year.In April in a separate case, a former employee of crypto exchange Kraken has also sued the exchange for $900,000, claiming a failure to receive a reportedly promised commission and stock options.

Reuters, Bloomberg Terminals, TradingView Add AI-Powered Crypto Index for Top 100 Coins

The half a million traditional traders that use the Reuters and Bloomberg financial terminals will now have access to an index for the 100 strongest-performing cryptocurrencies and tokens.CIX100 is the result of an analysis of over 1,800 coins, selected on the basis of their having consistently held a position in the top 200 for over three consecutive months and being traded on numerous exchanges, as well as on the basis of their social media popularity.Cryptoindex harnesses artificial intelligence technology and a proprietary algorithm dubbed Zorax to determine the top 100 performing coins.Also this month, crypto  analytics  company Coin Metrics announced its acquisition of digital asset index firm Bletchley Indexes and plans to launch crypto smart beta indexes.At the end of April, Nasdaq introduced XRP Liquid Index (XRRLX) to its global data service.

Brazil: R3 Develops Blockchain Platform With Major Banks and Stock Exchange

The R3 Consortium — which is composed of large banks and technology companies — announced during the CIAB Febraban event in São Paulo that it is currently collaborating with Brazilian banks.During the event, R3 executives claimed that the consortium partnered with Itau and Bradesco banks to build a blockchain-enabled platform for foreign trade and insurance.The consortium — which recently opened an office in the country — further noted that the Brazilian stock exchange was also using its Corda platform for digital identification.The executive commented on the current developments, stating that before further expansion, blockchain technology needs to mature and become secure enough for large corporations.Earlier this week, CIP, a facilitator of Brazilian banking and financial infrastructure, officially launched its blockchain ID platform via a partnership with IBM using the Hyperledger Fabric.

Nasdaq and CryptoCompare Partner on Institution-Oriented Crypto Pricing Product

The new product, dubbed the “Nasdaq/CryptoCompare Aggregate Crypto Reference Prices,” will be made available on the Nasdaq-owned platform Qandl — which reportedly provides financial and economic alternative datasets for over 400,000 financial professionals globally.In an official statement, CryptoCompare CEO and co-founder Charles Hayter has argued that “reliable data is the bedrock of transparent, liquid markets,” and can offer global, institutional investors and traders a competitive edge in the crypto sector.In February 2019, Nasdaq  started  listing two cryptocurrency price indices from United States blockchain and crypto market data firm Brave New Coin (BNC), including BNC’s Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX).Cryptocompare has meanwhile just this week  partnered with major crypto derivatives platform BitMEX to jointly construct a real-time crypto futures dataset, which will be delivered to financial markets data provider Refinitiv.

Russia May Build Offshore Destination for Cryptocurrencies, Exchanges and Forex

Leonid Petukhov, who heads the Far Eastern Agency for Attracting Investments and Supporting Exports, said the island could become an offshore destination for cryptocurrencies, crypto exchanges and forex markets.Bolshoy Ussuriysky lies on the border between Russia and China, with western parts of the long-disputed territory transferred to Beijing following a 2004 agreement.Petukhov made his statements while speaking to TASS at the St. Petersburg International Economic Forum.Russia has already built two offshore economic zones in recent years: Oktyabrsky Island off Kaliningrad and Russky Island in Vladivostok. Neither of them currently deal in cryptocurrencies.Russia’s own long-awaited cryptocurrency legislation is currently being delayed after facing a requirement to include more crypto-specific terminology.

Cypherpunk Adam Back Speaks of Blockchain Benefits at G20 Meeting of Finance Ministers

Adam Back, who invented the hashcash proof-of-work system and was one of the first people to work on bitcoin (BTC), spoke about the positive uses of blockchain at G20. Sitting next to the governor of the Dutch central bank, Back said he believed blockchain was another move to open networking — and said financial institutions stand to benefit from the technology because it would mean international transfers no longer need to go through intermediary banks with questionable creditworthiness.After the G20 meeting, a joint communiqué co-signed by leaders urged the Financial Stability Board and global standard-setting bodies to monitor the risks surrounding crypto assets — warning that while they could pose benefits to the economy, money laundering and terrorism financing are potential by products.

Russian Parliament Considers Imposing Fines on Crypto Mining by End of June

Russia’s parliament, the State Duma, is considering imposing administrative responsibility for the mining of cryptocurrencies, local news outlet TASS reported on June 7.In an interview with TASS, Anatoly Aksakov, the chairman of the State Duma Committee on the Financial Market, said that the government may introduce administrative responsibility for digital currency mining by the end of June. Russia’s major crypto bill, “On Digital Financial Assets,” had been approved by the Russian parliament in May 2018, but was subsequently sent back to the first reading stage after reports of its lack of major key concepts such as crypto mining, cryptocurrencies, and tokens.Earlier in June, Lyudmila Novoselova, chairman at the Court for Intellectual Rights of Russian Federation and a judge at the Supreme Arbitration Court, had also argued that the term digital assets should be included in the Russian Civil Law.

The Land of the Free: Why Decentralization Matters in the Crypto Republic

On May 30, Tezos implemented the amendment Athens A, as the result of a voting process that involved its baker nodes (the Tezos equivalent of “miners”) from Feb. 28 to May 30.On the very same day, another fast-growing young company backed by a cryptocurrency, Iota, announced an important step toward total decentralization, substituting its Coordinator mechanism with the new Coordicide tool.Coordicide will perform the same functions of its predecessor, ensuring transaction security and preventing double spending. However, the new protocol will allow the peculiar Iota block creation process to work in a fully decentralized and permissionless manner.It is impossible to know which answer to the issue of blockchain governance will become dominant in the future; however, it is plausible that the fundamentals of human behavior will be part of it, alongside mathematics.