The Daily: Epic Founder Addresses Fortnite Crypto Rumors, Robinhood Recruiting in London
January 7th, 2019
In today’s edition of The Daily we cover reports that Robinhood is working under the radar to hire staff in London for an expansion into the U.K., an auction of seized cryptocurrency in Northern Ireland, and comments from the founder of Fortnite developer Epic Games about rumored cryptocurrency partnerships.
Epic Games Founder Addresses Fortnite Crypto Rumors
Tim Sweeney, the founder of Fortnite developer Epic Games, has taken to social media to address the rumors that his company might be partnering with cryptocurrency projects. “No, Epic doesn’t have any cryptocurrency partners and aren’t in any crypto partnership discussions with anyone,” he stated. “We do read lots of papers and talk to smart people to learn more in anticipation of an eventual intercept.”
Further to the above, it is not out of the question that the developer will support crypto one day, as Sweeney added that: “Many of us at Epic are big fans of the decentralized computing tech underlying cryptocurrency, however, a lot more work is needed on volatility and fraud-proofing before bringing it to such a broad audience that includes younger gamers.”
The rumors began after the merchandise store of the popular video game, Fortnite Retail Row, recently started accepting payments in the privacy-centric coin monero (XMR). Sweeney explained that: “Actually, Fortnite’s brief foray into crypto was accidental. We worked with a partner to open a merchandise store, and somewhere along the way monero payment was enabled.”
Robinhood Is Recruiting in London
Robinhood Markets, the Menlo Park, California- headquartered brokerage app which has been expanding its crypto service across the U.S., is now reportedly working under the radar to hire staff in London. The stealthily recruiting is supposedly needed for a new office in the British capital ahead of a possible expansion to the United Kingdom.
According to Techcrunch, sources within London’s fintech industry reveal that Robinhood is looking for people to work on recruitment, operations, marketing, customer support, compliance and product design. These functions are all needed to launch a local solution tailored to the regulatory needs of the U.K. market.
Seized Cryptocurrency Auction in Northern Ireland
According to reports from Northern Ireland, a local company will hold an auction of seized cryptocurrency on Monday. The sale involves 167.7 monero (XRP), which was seized under the Proceeds of Crime Act by a U.K. law enforcement agency.
Aidan Larkin, head of the asset recovery at Wilsons Auctions, told the Belfast Telegraph that the company is working with over 40 government agencies from the U.K. and abroad. “Following huge investment into our systems and infrastructure, we are able to offer government and law enforcement agencies throughout the U.K., Ireland and internationally a secure solution so that the ever-increasing problem of seized cryptocurrencies can be managed by an auction company with significant experience dealing with seized assets.”
The Northern Ireland company also reportedly won a contract with the Belgium Federal Government’s Asset Management Office to facilitate the seizure, storage and sale of seized cryptocurrencies.