Episode 232 - Blockchain adoption cases review, 11 New York lawsuits against crypto companies, and more.

Welcome to this week's Crypto Basic News episode! Tune in to listen to the gang talk about the progress of blockchain adoption, Cryptopia's big win in court, new lawsuits against 11 crypto companies in new York and much more!

• Rapid Fire
• Reddit may be devising a point system on the blockchain
• Redditor MagoCrypto posted the video, which is a walkthrough of a new build of the Reddit app that shows a feature with mention of community points. When delving into the FAQs of the wallet feature there appear to be pages on distribution, wallet, backup and recovery, and on the blockchain
• Crypto Funding Dropped Considerably in March Due To COVID
• VC funding for crypto projects was reduced to March 2019 levels after COVID swept the nation.
• Aside from a Bakkt $300 Million deal with Microsoft, the total VC funding was $117 million
• Former UFC fighter Ben Askren shows support for Bitcoin Halving.
• He was sponsored by Litecoin back in January 2020 for a fight and changed his Twitter handle to "Bitcoin Halving May 13th". Ya love to see it. Also of note, UFC partnered with Dapper Labs in February, a company that builds digital collectibles on the blockchain.
• It appears Bank of America is partnering with Ripple
• Question: "What do you see as the things sort of coming down in the next sort of five to 10 years that our clients should maybe start thinking about or even getting ready for?"
• Answer: "So not just the capability but the actual experience and ability to get things done anytime, anywhere because we are an around the clock society. And the second one is the ability to integrate. And Derrick touched on this a lot, it's not about our platform and our capabilities, it's about you as a client and the infrastructure you have and the ability for us to integrate, whether that's with platforms and capabilities that we built or partnerships that we have with the likes of Ripple or Swift. These are Fintechs that we're partnering with. They've come through all of our rigor of legal and compliance and we're able to leverage our banking as a platform to deliver that to you. So I really think the future is all about client experience and integrated platforms versus siloed products and capabilities. And then of course we've for Bank of America talk a lot about intelligent treasury, which brings all of that together. And you touched on this, Jonathon, as being an advocate for our clients and helping them navigate this changing environment. So I'm really excited and looking forward to see what the next few years bring."
• April Rent Stats Are In And They Aren't Looking So Good
• March logged 81% of renters paying by the 5th
• Real-life Examples of Blockchain-Based Digital TransformationsWe know that blockchain architecture is a great way to collect, store, and share data
• Article from Security Blvd looks to give real life examples of blockchain implementation
• US Air Force & Data Security
• Majority of military networks are centralized systems with thousands of connected devices, so vulnerable to cyber-attacks.
• They contracted Cyber-security firm Xage Security - uses a blcockhain-based system to regulate the terms of nodes join