Sony Subsidiary Joins ~$14.5M Funding Round for Bitcoin Bank Bitwala An international investor consortium led by Sony Financial Ventures, Global Brain and British investment company NKB Group have invested in the German bank, with other funds provided by Earlybird Venture Capital and coparion. Jan Goslicki invested in the German bank Bitwala €13 million (almost $14.5 million).
China's Monthly Crypto Rankings: Bitcoin Takes 11th Place, EOS Still Leads In its latest rankings, the Chinese CCID Research Institute put Bitcoin in 11th place on a list of 37 digital currencies in terms of technology, application and innovation. Cryptocurrency project EOS leads the list, having gained the highest number of points at 153.1. EOS is followed by ETH with 148.6 points, while Tron (TRX) is in third place.
UK Financial Regulator FCA Won't Regulate Bitcoin and Ether The FCA issued its finalized policy statement on cryptocurrencies in a document titled "PS19/22: Guidance on Cryptoassets." The document considers major cryptocurrencies, such as BTC and ETH, as "exchange tokens," describing them as types of crypto assets that are "usually decentralized and primarily used as a means of exchange."
S7 Airlines Processed Over $1M Via Blockchain Payment Platform in July S7 has seen significant growth in transactions on its blockchain-powered sales network developed in partnership with Russia's largest private bank, Alfa-Bank. According to Nikolai Mukhanov, executive director at S7 Techlab, the platform has seen not only a significant increase in the number of payments, which reportedly has grown tenfold since January, but also in the number of other automated processes.
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