According to multiple reports, the Pentagon and the Defense Department are debating on whether or not cryptocurrency ownership is a problem for those who have U.S. security clearances and those applying for these privileges. The U.S. agencies may define digital currency owners as a ‘security risk’ in order to protect foreign and domestic classified information.
Source:https://news.bitcoin.com/bitcoin-owning-contractors-with-u-s-security-clearance-may-be-flagged-risky/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

LMAX Exchange is launching a cryptocurrency exchange called “LMAX Digital Venue” for banks and hedge funds. The UK trading platform will enable institutional investors to purchase and sell cryptocurrencies like bitcoin (BTC), ether (ETH), litecoin (LTC), ripple (XRP), and bitcoin cash (BCH).
Source:https://btcmanager.com/lmax-exchange-launches-cryptocurrency-exchange-for-institutional-investors/?utm_source=onesignal&utm_medium=push

EconoTimes recently reported that the US is planning to apply blockchain technology to address the issue of illegal migrants and criminal behaviour at the borders with Mexico and Canada. First of all, this is about using a blockchain to store and protect the data collected by CCTV cameras. At the moment, all video recordings are stored in centralized databases, which is extremely inefficient and unsafe. Firstly, they are vulnerable to cyber-attacks. Secondly, even the best staff are not capable of monitoring such a large number of video recordings. This means they cannot respond to illegal actions in a timely manner. Thirdly, a fairly large budget is required to store this amount of data.
Source:https://itsblockchain.com/faceter-border-control-us-blockchain/

While Islam frowns at high-interest rate lending, currencies not backed by commodities or assets, and Ponzi schemes, the Shacklewell Lane mosque in London has caught the bitcoin bug and has made it possible for Muslims in the area to give alms and make donations to the mosque with cryptocurrencies.

Bitcoin for Zakat and Sadaqah
In what seems like a forward-thinking maneuver, the UK’s first Turkish-owned Mosque is accepting bitcoin and Ethereum’s ether this Ramadan season.

“The zakat will be used to feed the poor in our local community and help others in need. We will also put a portion aside to help with the urgent renovations needed at the mosque. Inshallah (by God’s grace) the cryptocurrency campaign is a success, and we do receive donations. If it works, I’m sure many other mosques and Islamic charities, not just in Britain but worldwide, will start doing the same,” said the Mosque chairman, Erkin Guney.

According to Yahoo Finance, Gurmit Singh, the owner of a tech company introduced the idea of crypto integration to the mosque and enlightened them on the benefits.
Source:https://btcmanager.com/uk-mosque-plans-to-accept-bitcoin-and-ethereum-for-alms-and-zakat-this-ramadan/?utm_source=onesignal&utm_medium=push

After the notorious 5 BTC ‘bitcoin puzzle’ was solved last January after years of people trying to crack it, now another bitcoin puzzle was launched this week on forums and social media. On May 19, 2018, a person posted an image which contains a bitcoin puzzle that rewards the solver 1 BTC.
Source:https://news.bitcoin.com/armchair-detectives-have-another-bitcoin-puzzle-to-solve/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

India’s second-biggest software service exporter, Infosys Limited, has developed a custom blockchain-powered trade finance network in a bid to overcome fraud in the Indian banking industry. To start, seven private lenders will test the trade finance network to increase security and transparency in the finance sector.

Blockchain to Combat Banking Frauds
The seven Indian private lenders that have enlisted to pilot the network include Axis Bank Ltd, ICICI Bank Ltd, IndusInd Bank Ltd, Kotak Mahindra Bank Ltd, RBL Bank Ltd and South Indian Bank Ltd. Infosys envisions several international banks to join Infosys trade finance network.

Sanat Rao, Chief Business Officer at Infosys Finacle, said: “We’re in very advanced discussions in Australia with a consortium of banks and I think you’ll see more announcements.”

The Indian banking industry is in deep water, due to the string of frauds that came at the hands of poor banking infrastructure and disloyal bank employees. Reportedly, banking frauds in the country have doubled in India over the last five years. The total Indian banking fraud has reached over $4 billion. However, implementing blockchain technology can enhance security and transparency throughout the trade finance process.

Trade finance can be a messy task as it involves multiple participants to complete a transaction. Leveraging blockchain technology to trade finance can cut the entire process duration while making the task less paper-intensive. Infosys’ blockchain powered trade finance network makes transactions transparent for all participants of the trade finance process, which includes importers, exporters, regulators, financiers of both buyers and sellers, insurers and service providers.
Source:https://btcmanager.com/indian-software-exporter-infosys-develops-blockchain-powered-trade-finance-network/?utm_source=onesignal&utm_medium=push

Germany second-biggest stock exchange, Börse Stuttgart, is expanding its footprint into the cryptocurrency sector with the launch of a new crypto trading platform. Bison is the new platform that the exchange says will simplify the process of trading digital currencies and becomes the first crypto app, backed by a reputable stock exchange.

Bison Crypto Trading App
The new app will make trading of cryptocurrencies mass marketable. The fact that the same will also be done through smartphones should go a long way in making it easy for most people to participate in the endeavor.

Developed by Sow Labs, supported by Börse Stuttgart Digital Ventures, the new application plans to do away with the technical difficulties that have made it impossible for some people to venture into cryptocurrency trading.

While still in development stage, Bison should be available to the masses for free later in the autumn. Ahead of the much-awaited launch in September, the firm is currently conducting a competition whereby entrants stand to win as much as three bitcoins (BTC), ten ethers (ETH), 20 litecoins (LTC), and 50 ripples (XRP) as part of the marketing campaign.
Source:https://btcmanager.com/german-stock-exchange-unveils-bison-for-free-trading-of-bitcoin-ethereum-litecoin-and-ripple/?utm_source=onesignal&utm_medium=push