Monday, August 6th, 2018

Saudi Arabia Halts New Trade with Canada

Reuters reports that Saudi Arabia will stop new business transactions with Canada after it raised concerns over recent arrests on women’s rights activists.

The Canadian ambassador was given 24 hours to leave the country. Saudi Arabia also recalled its own ambassador to Canada.

Stanford Ran a Study on the Use of Google Glass for Children with Autism
Stanford News Release

Stanford announced that it ran a pilot study which demonstrated that children with Autism improved their social skills when using a Google Glass device.

The therapy used a Stanford developed app that provided real-time cues to Google Glass users.

According to a Stanford news report, parents reported improvements in a child’s social skills after 1-3 months of use.

The City of Bellevue Washington Teams up with Lime Bikes
Bellevue News Release

The city announced that it is launching the first bike share system in the Pacific Northwest. The one-year pilot will exclusively feature e-bikes through California-based startup, Lime Bikes.

Users will be able to locate and unlock the electronic bikes using Lime’s mobile app. The bikes cost $1 to rent plus 15 cents per minute of use.

Lime Bikes recently announced new funding of $335 million and a strategic partnership with Uber which will allow users to locate Lime Bikes from within the Uber app.

Intercontinental Exchange Teams up with Microsoft and Starbucks to Create an Open and Regulated, Global Ecosystem for Digital Assets
Press Release

The global exchange operator announced plans to launch a new company called Bakkt, which plans to work with organizations including BCG, Microsoft, Starbucks, and others, to create a platform that enables consumers and institutions to buy, sell, store and spend digital assets on a global network.

The Bakkt ecosystem is expected to include federally regulated markets.

Coinbase Teams up with an eCommerce Company
Coinbase Blog Post

Coinbase announced that it is launching Coinbase Commerce, a feature that allows merchants anywhere in the world to accept cryptocurrency payments directly from their customers.

The company stated that it is working with WooCommerce, an eCommerce platform.

The move looks to increase access to help spread cryptocurrency adoption.