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| September 23, 2018

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Volvo’s Polestar plans subscriptions, stores to push its new electric luxury cars

September 21, 2018 |

To promote the sales of its new electric cars, Volvo’s performance luxury brand will let customers choose from an all-inclusive subscription model that combines automotive costs such as insurance and maintenance into a single monthly payment. No money will be required upfront.

It’s less like car…


L.A. Times – Business

Survivors Pulled From Cars as Bridge Collapse Toll Hits 35

August 15, 2018 |

Rescuers say the scene—and the task before them—is similar to the aftermath of an earthquake, but the cause of the disaster in Genoa was very different. The confirmed death toll from Tuesday’s bridge collapse now stands at 35, including at least three children, and rescuers worked long into…
Newser

Trump Threatens Tariffs on Canadian-Made Cars

August 12, 2018 |

President Trump on Friday threatened tariffs on Canadian-made cars if U.S. officials can’t strike a deal with the country on overhauling the North American Free Trade Agreement.
WSJ.com: US Business

Cars soon will be unwelcome on Playa Vista’s main drag. And a lot of people are happy about it

August 9, 2018 |

On any given day, cars roll slowly down the main shopping street of Playa Vista, just as they do in small towns everywhere.

After all, when it came to building a town center on land around famed aviator Howard Hughes’s old airplane runway, it seemed right to let people drive through and perhaps…


L.A. Times – Business

The Daily: Cars and Pizzas for Crypto in Russia, Crypto Valley in South Korea

August 4, 2018 |

The Daily: Cars and Pizzas for Crypto in Russia, Crypto Valley in South Korea

The wide adoption of cryptocurrencies in Russia has been put on hold after the State Duma postponed the final reading of three crypto bills for its fall session. Nevertheless, Russian companies are already planning to introduce crypto payments as soon as the regulations are in place. Among them, a major car dealer and an international pizza chain. Also in The Daily, the governor of Jeju has received support from Bitcoin.com for his efforts to create a Crypto Valley on the island. And while the South Korean province hopes to become a crypto and blockchain hub in Asia, major European banks have decided to base their blockchain initiative in Dublin.   

Also read: Hackers in High Demand, China Hires Cryptographer

Avtospetscenter and Papa John’s Prepare for Crypto Payments

With Russian parliamentarians taking vacation without keeping Putin’s July deadline for adopting comprehensive regulations for the country’s crypto space, Russian companies are left with only one option – to plan for crypto adoption after lawmakers officially recognize cryptocurrencies this fall. Two major businesses have announced their readiness to take advantage of crypto payments once they are legalized by authorities in Moscow.

The Daily: Cars and Pizzas for Crypto in Russia, Crypto Valley in South KoreaOne of Russia’s major car dealers, Avtospetscenter (ASC), has admitted it intends to start selling automobiles for digital money. “We are thinking of selling cars for cryptocurrency. The idea is under development. If there are no obstacles in the legislation, ASC will start selling cars and providing crypto services by 2020 – 2021,” Andrey Turkin, general manager of ASC’s subsidiary Audi Center Taganka, said quoted by Bits Media.

Soon, Russians will probably be able to order pizza with bitcoin as well. “Cryptocurrency has every chance of being directly applied in our business. I think, in the future, you’ll be able to buy our pizzas with bitcoin. We have the solutions ready, but for now we are just waiting for the right moment to start it all,” Christopher Wynne, Papa John’s President for Russia, CIS and Poland, revealed in an interview with TASS.

Governor of Jeju With Bitcoin.com Wallet

Won Hee-ryong, the governor of Jeju in South Korea, has presented some ambitious plans for his province and they involve cryptocurrency adoption with the help of Bitcoin.com and Bitcoin Cash (BCH). Won wants to turn Jeju Island into Korea’s Crypto Valley and has already made proposals for that to the country’s National Assembly.

The Daily: Cars and Pizzas for Crypto in Russia, Crypto Valley in South KoreaDuring the Huobi Carnival in Seoul this week, Won Hee-ryong met with Bitcoin.com CEO Roger Ver who promised to contribute to the realization of the project and support the efforts of the governor. Prior to their conversation, Mr. Ver showed Mr. Won how to download and install the Bitcoin.com wallet on his smartphone, Blockinpress reported.

The opening of Jeju to various projects from around the world will help the development of the crypto and blockchain technology, Roger Ver noted. He also said that people from the crypto space will discover the island as a holiday destination. “I will support Jeju to become a prosperous blockchain hub,” Mr. Ver emphasized and revealed he is planning to visit the island next month.

The Daily: Cars and Pizzas for Crypto in Russia, Crypto Valley in South KoreaWon Hee-ryong accepted the offered help and added: “As Mr. Roger Ver said, Jeju is an international tourist destination with a good environment to become a blockchain hub.” He also noted that the island has a special, autonomous status that can help solve regulatory issues which haven’t been solved at national level.

Top Euro Banks Choose Dublin for Their Blockchain Initiative

An alliance of nine leading European banks has chosen the Irish capital as a base for their blockchain initiative, local media reported. The We.trade group, formerly Digital Trade Chain, includes major financial institutions from the Old Continent such as Deutsche Bank, HSBC and Santander. The consortium was founded in 2017 to explore and develop blockchain technologies for carrying out transactions between banks and their clients. The platform is currently used for trades among 11 European countries.

After a period of development and testing, the participating banks are now working to onboard more clients, revealed We.trade’s Chief Operating Officer, Roberto Mancone, former head of the disruptive technologies division of Deutsche Bank. “It’s no longer a proof of concept, it’s no longer an experiment, the platform is now made available to the clients,” he said, adding that they can find counterparts in other countries and start trading using the platform to create smart contracts, finance invoices or make payments.

Days after We.trade’s announcement, a European blockchain body expressed concerns over the lack of legal clarity in regards to the implementation of blockchain technologies and the application of EU’s General Data Protection Regulation law (GDPR). The EU Blockchain Observatory and Forum warned that the new rules which went into effect recently are actually threatening innovation in the space.

“As long as the legal framework around personal data and blockchain remains unclear, entrepreneurs and those designing and building blockchain-based platforms and applications in Europe face massive uncertainty. That can put a brake on innovation,” the organization said in a report titled “Blockchain Innovation in Europe”. One of the main concerns stems from the incompatibility between the right of individuals under GDPR to request their personal data to be deleted and the immutability of data stored on a blockchain.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.


Images courtesy of Shutterstock, Blockinpress.


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The post The Daily: Cars and Pizzas for Crypto in Russia, Crypto Valley in South Korea appeared first on Bitcoin News.

Bitcoin News

BART crime spike across San Francisco Bay Area spurs volunteers to escort riders to cars

August 1, 2018 |

A recent spike in crime on the Bay Area Rapid Transit system –including the brutal killing of an 18-year-old girl and two other slayings — has motivated a group of men to take it upon themselves to provide security.
FOX News

CNN

Cars turned to molten metal as Greek wildfires wipe villages off the map

July 25, 2018 |

Dried pools of molten aluminum dot the charred roads of a small Greek village ravaged by fire this week. The flames were so hot that cars in their path began to melt, metal dripping to the ground and tires turned to liquid rubber.
CNN.com – RSS Channel – World

Tariff Dispute Threatens Exports of American-Made Cars

July 10, 2018 |

BMW and Daimler have contributed to the U.S.’s emergence as an auto exporter, but the Trump administration’s trade battle with China could blunt their efforts.
WSJ.com: US Business

TMZ

Allen Crabbe Says He’d Rather Spend NBA Cash Saving Schools Than Buying Cars

July 8, 2018 |

Brooklyn Nets star Allen Crabbe tells TMZ Sports … cutting a 6-figure check to save an L.A. school was a “no-brainer” — because giving back to the community is more important than ballin’ out.  We broke the story … Crabbe…

TMZ.com