The blockchain/crypto week at a glance

Litecoin Foundation announces ‘crypto milestone’ with UFC deal

The Litecoin Foundation was the official cryptocurrency partner of Ultimate Fighting Championship (UFC) 232: Jones vs Gustaffson 2.

The main event rematch between former UFC light heavyweight champion Jon Jones and UFC light heavyweight Alexander Gustafsson, took place on Saturday at the Forum in Inglewood, California.

Mizuho in cashless payments push

Japan’s Mizuho Financial Group is working on a digital currency that can be used for shopping and remitted at no cost, Nikkei Asian Review reports. And it already has 60 domestic regional banks onboard.

Huobia DM expands crypto contract service 

Cryptocurrency exchange Huobi’s derivative market now includes EOS.

“We’ve seen a great response to our Bitcoin and Ethereum contract services from a broad range of sophisticated traders,” said Huobi Global CEO Livio Weng in a press release. “Along with that, we’re also seen strong demand to expand Huobi DM to other coin types as well. Adding EOS contract service is part of our ongoing efforts to address customer demand.”

Libereum snaps up Elche CF

Dutch crypto venture Libereum has acquired Spanish football club Elche CF.

Beware dodgy crypto offerings, WSJ report

There are hundreds of crypto projects showing signs of plagiarism, identity theft and promises of improbable returns, according to research published by The Wall Street Journal.

Crypto goes to court as Silver Miller sets sights on Coin Signals

Law firm Silver Miller has filed a lawsuit against Jeremy Spence, a crypto hedge fund manager who allegedly operated a Ponzi scheme. 

A lot of potential in blockchain, says DLA Troop Support

The US Defence Logistics Agency Troop Support provided approximately 41,000 power poles, 88.1 million meals and 1,264 generators in partnership with the Federal Emergency Management Agency during the 2017 hurricane season. 

And it is now looking into whether blockchain technology could help improve its operations.

India: Bitcoin could be about to go legit

Holding cryptocurrency such as Bitcoin is banned in India, but change could be on the way, The New Indian Express reports.