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cryptocurrency May 9, 2018

In Today’s Crypto Minute: NBA Superstar to unveil his own CryptoKitties, Oracle launching blockchain products, and Japan looks to tighten up on coin exchanges. Don’t miss this!

NBA Superstar Stephen Curry Set to Release Exclusive Celebrity CryptoKitty

According to Coindesk, Golden State Warriors superstar and 2-time NBA MVP, Stephen Curry will have his own branded Cryptokitties. “We are launching a series of Steph Curry CryptoKitties,” explained Caty Tedman, head of partnerships for the company that started the popular blockchain-based collectibles. “So there will be three exclusive Steph Curry CryptoKitties [which] will be representative of his personalities,” she told CoinDesk. “The first will be sold by him, and it’ll be up to him whether he wants to sell the other two.”

Oracle Becomes the Latest Tech Giant Company to Join the Blockchain Movement

Starting this month, Oracle Corp. will be rolling out new blockchain based products. According to Bloomberg, the software titan has partnered with Banco de Chile to unveil a financial solution that logs transactions on a hyperledger. Oracle has also partnered with the government of Nigeria to keep records of import duties on the blockchain. The move is one in a larger trend of major software companies adopting the technology for improved security and accuracy in their products.

Japan Financial Services Agency (FSA) Looks to Tighten Rules on Cryptocurrency Exchanges

In an attempt to prevent repeat disasters like Mt. Gox and Coincheck, the Japanese FSA has announced that it will impose stricter standards for cryptocurrency exchange operators. “We need to introduce a new perspective in reviews of registrations,” a representative from the FSA explained. According to Japanese publication Nikkei, the country made strides to nurture the industry when it began recognizing bitcoin and other altcoins as means of payment in 2017.

The country has switched gears slightly this year, focusing on compliance and consumer asset protection. “Without the necessary know-how, we’ve been feeling our way through the dark on how thoroughly we should check these different aspects,” FSA sources said in reference to the new five-point framework agencies will use to assess the exchanges.

Source: ICO Alert