TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Former key Trump advisor Steve Bannon thinks crypto has a big future. South Korea declares a non-regulated blockchain area. Walmart patents Libra-like cryptocurrency. Soph is banned from YouTube, turns to cryptocurrencies. A Venezuelan Redditor tells how bitcoin cash changed his life, and Apple’s credit card won’t allow purchases of cryptocurrency.



Steve Bannon Says Crypto Will Have a Big Future

A key former advisor of President Donald Trump and former Breitbart CEO, Steve Bannon, has gone against the opinion of his ex-boss regarding cryptocurrencies. Bannon declared in an interview with CNBC how he thinks cryptos “have a big future,” and that they could “be a very important part going forward, particularly in this global populist revolt.’ However, Bannon also declared he hadn’t the foresight to invest in bitcoin when its price was on the way down.

South Korea Declares Busan a Deregulated Blockchain Zone

The government of South Korea declared Busan, its second-largest city, will become a deregulated blockchain area, where startups conduct business without being hampered by existing regulations. The government its cue from the Swiss valley of Zug, called as a model for this initiative, and several companies have already presented plans to take advantage. BNK Busan Bank, Hyundai Pay, Coinplug and BP&Solution are expected to move $25 million in investments to the region.

Walmart Patents Fiat Tied Cryptocurrency for Payments

Walmart filed a patent for what seems to be a cryptocurrency that resembles Libra, the currency backed by Facebook. The retailer’s version would be used to achieve faster and safer payments, and to earn rewards offers. However innovative this might be, a company spokesmen declared they had no intention or plans to apply the patent anytime soon.

Famous YouTuber Soph Asks for Donations in Bitcoin Cash

gun tweet obviosly a joke. BTW i have a BTC and a BCH wallets. GoDoN8 BTC: bc1qrttngtd7rwhw2gg5jg4z2vusnags88cfjpcyc6 BCH: bitcoincash:qrp7esy6qtt5mzv4vv7l3p7khslxx6rryc5ntl507w — soph (@sewernugget) August 1, 2019

Soph, the 14-year-old YouTuber famous for her alt-right tendencies, published a bitcoin cash wallet address for receiving donations on Twitter after being recently banned from YouTube for violating hate speech policies. Soph’s Patreon page has also been taken down, and she is calling for her supporters to rally around alternative platforms such as Bitchute and Gab, and to use cryptocurrencies as an uncensorable way of funding her work.

Earning Bitcoin Cash in Venezuela

Redditor recc42 has told of how bitcoin cash totally changed his life in Venezuela. After having applied to be a game tester online with startup Saito, his situation has changed dramatically for good. Saito Tech pays his salary in bitcoin cash (BCH), allowing him to exchange what he wants for fiat and leave another part of his earnings as savings to eventually leave the country. He states BCH is “a way to protect myself from inflation, even though there are market swings sometimes, they aren’t as bad as the Venezuelan inflation rate.”

Apple’s New Card Will Not Permit Purchase of Crypto

According to the customer agreement for the Apple Card, a traditional credit card backed by Goldman-Sachs, it seems customers won’t be able to use it to purchase cryptocurrencies. The customer agreement explicitly states the card “cannot be used to purchase cash advances or cash equivalents that include cryptocurrencies, casino gaming chips, race track wagers or lottery tickets.” According to Reuters, both companies declined to comment about the issue.

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