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10
Oct, 2020

News of the Week (3 – 10 October)

1. Square Buys $50 Million in Bitcoin

Square, the payments firm founded from Jack Dorsey, Twitter’s founder, bought $50 million in bitcoins, with average price at $10,600.

https://www.theblockcrypto.com/post/80175/jack-dorsey-square-purchases-50-million-worth-of-bitcoin?utm_source=morning_brew

 

2. Line Starts Lending Services through Cryptocurrencies

The popular messaging app Line from Japan expands in lending industry through cryptocurrencies.

https://news.bitcoin.com/japans-messaging-giant-line-introduces-crypto-lending-services/

 

3. Google Starts Using EOS Blockchain

Google, through Google Cloud, is expected to be one of the major nodes for EOS in the near future.

https://cointelegraph.com/news/google-cloud-bets-on-eos-blockchain-venturing-further-into-crypto

 

4. Tim Draper Triples its Investments in Blockchain

A $25 million new fund will be established from Tim Draper, who continues to invest in blockchain projects, increasing his position in them.

https://news.bitcoin.com/tim-drapers-venture-studio-triple-down-blockchain-25m-fund/

 

5. Guideline for Opening a Crypto Business in Switzerland

CoiTelegraph issued a brief guide for crypto businesses that want to operate in Switzerland.

https://cointelegraph.com/news/a-guide-to-setting-up-a-crypto-business-in-switzerland