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Here are the top power moves of the week — Lime, Tesla and Shake Shack

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“The scooter startup has recruited several notable executives in the past year including hiring Duke Stumpf away from Lululemon as Chief Marketing Officer” writes The Org for businessinsider.com. Tesla loses yet another executive as its general counsel exits The executive exodus at Tesla continues as its General Counsel, Dane Butswinkas, exits the company after just two months on the job.Harris previously served as Vice President of Digital Technology at Newell Brands where he had global responsibility for the eCommerce and digital marketing technology. Source: businessinsider.com

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Crypto News 

Thai Parliament Approves Amendments Allowing Issuance of Tokenized Securities

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“The Thai Securities and Exchange Commission (Thai SEC) will issue additional rules so that crypto platforms can seek a securities depository license” writes Ana Berman for cointelegraph.com. Earlier this year, the Thai Ministry of Finance issued digital asset business licenses to four crypto-related firms under the recommendation of the Thai SEC Board.Previously, the aforementioned act defined Thailand Securities Depository Co Ltd, a subsidiary of the Stock Exchange of Thailand (SET), as the only company permitted to operate as a securities depository for the SET’s securities trading operations. Source: cointelegraph.com

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Crypto News 

Luxembourg University Postdoc: Central Bank Digital Currencies Too Attractive to Ignore

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“The idea of issuing a central bank digital currency (CBDC) is too attractive to ignore, a postdoctoral researcher from the University of Luxembourg wrote in a study” writes Ana Berman for cointelegraph.com. He writes how their functionality, similar to money issued by a central bank, first drew banks’ attention.Despite the prevailing scepticism towards crypto and several failed attempts to launch a state-backed coin, such as the Venezuelan Petro, central banks are actively studying the technology behind digital currencies.According to Nabilou, cryptocurrencies have significantly impacted the banking sector. Source: cointelegraph.com

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China wants its rural villages to go cashless by 2020

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“While scan-to-pay is already a norm in bigger cities, digital payments still have considerable room to grow in rural towns” reports techcrunch.com. All told, 76.9 percent of China’s adults used digital payments in 2017.Following the digital payments pledge was the release of the annual Number One Document (in Chinese) that outlines China’s national priorities for the year. Source: techcrunch.com

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Crypto Futures News 

Report: Major European Derivatives Exchange to Launch Cryptocurrency Futures

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“Eurex, a Germany-based derivatives exchange operated by Deutsche Boerse, is reportedly planning to launch futures contracts tied to digital assets, financial technologies-focused news outlet The Block reported on Feb. 21” writes Ana Alexandre for cointelegraph.com. Founded in 1998, Eurex is an international derivatives exchange operated by one of the world’s leading stock exchanges, Deutsche Boerse.Deutsche Boerse has reportedly been considering the introduction of digital currency futures since December, 2017. Per the press release from Deutsche Boerse, six banks to date had confirmed their plans to join the ​​securities lending platform,…

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Crypto News 

Malta to Store Education Certificates On a Blockchain

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“In Malta, all educational certificates will be stored on a blockchain, local English-language local media MaltaToday reports on Feb. 21” writes Adrian Zmudzinski for cointelegraph.com. During the signing ceremony at Castille, Prime Minister Joseph Muscat reportedly claimed that Malta is the first country in the world to put all education certificates on a blockchain.The certificates were reportedly issued through a special app, which allowed graduates to share a “tamper-proof” and “verifiable” digital version of their certificates with prospective employers and other parties.The Massachusetts Institute of Technology (MIT) has also issued…

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Zuckerberg to meet UK culture secretary amid ‘digital gangster’ report

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“Zuckerberg has declined a number of invitations to appear before the media committee, which has sparked protests outside parliament” writes Head Of Finance for yahoo.com. In October last year, Britain’s chancellor Philip Hammond announced a new “digital services tax” that is expected to target tech giants such as Facebook, Google, and Amazon (AMZN).The committee also called out Zuckerberg’s reluctance to meet with lawmakers. Source: yahoo.com

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Samsung Galaxy S10 appears to be the first non-Pixel or Android One device to ship with Google’s Digital Wellbeing; Nokia 6 and 8 got the feature in an update

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“Plus, no other Galaxy devices offer this functionality or even the ability to download Digital Wellbeing” writes Nomad Case For for 9to5google.com. It’s currently unclear if past devices will get an update, as well as if all Galaxy S10 models are supported. Source: 9to5google.com

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Lithuania’s Central Bank Now Allows Crypto-Based Investment Funds

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“The document specified which terms FMPs may establish investment funds for virtual assets, and created parameters for how and when virtual assets can be used for payment” writes Rachel Mcintosh for financemagnates.com. The Central Bank of Lithuania has officially updated its views on ICOs (initial coin offerings) and digital assets, according to an announcement published last week.However, there are some caveats: FMPs are forbidden to accept digital assets with the requirement to repay them with or without interest.The most recent announcement tells that although the bank has not made significant…

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Crypto News Platforms 

Paxful & BitMart Partner to Provide Further Crypto Liquidity

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“Paxful, a peer-to-peer Bitcoin marketplace, announced this Thursday that it has integrated onto global digital asset trading platform, BitMart” writes Celeste Skinner for financemagnates.com. The partnership with Paxful brings the BitMart platform into the peer-to-peer financial ecosystem, making it one of the only exchanges to enter into the sector.Whilst customers of BitMart have more payment options to choose from under the collaboration, clients of Paxful also receive direct access to the digital asset trading platform, which has more than 180 additional trading pairs.Furthermore, when a customer signs up to Paxful,…

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