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.
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
