Weekly Recap Jan 11th, 2020 – Jan 18th, 2020 Welcome to our 3rd weekly recap for January. Overview  Crypto News   [1] Cardano’s Mary hard fork to offer native multi-asset support in February Cardano Founder Charles Hoskinson’s updates have been crucial to the development of the ecosystem over the past year. So is the case this time too, with IOHK’s CEO giving the community some important updates during his latest AMA. During the same, Hoskinson revealed that the Mary hard fork is coming in February, with the same promising to deliver “native multi-asset support” to the Cardano network. [2] Reuters: Gary Gensler, MIT blockchain professor and Obama’s CFTC chair, to head Biden SEC During the Obama administration, Gensler was the chairman of the Commodity Futures Trading Commission, in which capacity he was in charge of enforcing the many new provisions of the Dodd-Frank Act that followed the 2008 financial crisis. [3] Shopify Security Breach Exposes More Ledger Customers’ Sensitive Data A previous security breach at the e-commerce firm Shopify hasContinue reading »

Weekly Recap Jan 4th, 2020 – Jan 11th, 2020 Welcome to our 2nd weekly recap for January. Overview  Crypto News   [1] Banks Can Treat Public Blockchains Like SWIFT and ACH A new interpretive letter from the Office of the Comptroller of the Currency paves the way for stablecoins and public blockchains to be fully integrated in the financial infrastructure. [2] Cyprian Hospital Commences COVID-19 Vaccination with VeChain (VET) Solution Mediterranean Hospital of Cyprus has successfully vaccinated some of its staff against the COVID-19 virus, including 100 doctors and personnel. The process was carried out via the VeChain-powered E-HCert COVID-19 solution, according to a blog post on January 5, 2020. [3] XRP About to Leave Top 5 First Time Since 2014 as Cardano (ADA) Soars 40 Percent XRP is on the cusp of being pushed out of CoinMarketCap’s top 5 after Cardano (ADA) soared over 40 percent in a single day. [4] Grayscale Gains $1.9 Billion in Crypto in One Day, While Bitcoin Market Cap Hits Record $700 Billion TheContinue reading »

Weekly Recap December 28th, 2020 – Jan 4th, 2020 Welcome to our 1st weekly recap for January. Overview  Crypto News   [1] Miami’s Mayor ‘Open To Explore’ Investing 1% of City’s Treasury Reserves in Bitcoin In an interesting twist of events, the Mayor of Miami, Francis Suarez, has said that he’s open to exploring the idea of putting 1% of the city’s treasury reserves in Bitcoin. [2] SkyBridge Capital Invested $182 Million in Bitcoin, Says It’s ‘Digital Gold’ SkyBridge Capital, the investment firm run by Anthony Scaramucci, has reportedly already invested $182 million in bitcoin and said in an investor brochure the flagship cryptocurrency is “digital gold.” [3] Bittrex To Delist Privacy Coins Monero, ZCash and Dash in Two Weeks Crypto exchange Bittrex today announced that it will delist privacy coins Monero (XMR), ZCash and Dash on Friday, January 15, at 23:00 UTC. [4] U.S. Congress Members Oppose Treasury Crypto Ruling in Letter In a letter sent to the Treasury on December 31st, 9 congresspeople wrote that they have concernsContinue reading »

Weekly Recap December 21st, 2020 – December 28th, 2020 Welcome to our 4th weekly recap for December. Overview  Crypto News   [1] SEC issues custody-focused guidance for brokers of digital asset securities In a new statement from the Securities and Exchange Commission (SEC), the U.S. securities regulator says it won’t bring enforcement actions against broker-dealers of digital asset securities that meet a number of requirements during the next five years. [2] White House releases stablecoin report The CME Group, a global markets company, and the world’s largest financial derivatives exchange, has announced that it will be launching Ether futures contracts for institutional traders. [3] Ripple Lawsuit Triggers XRP Led Altcoin Apocalypse Depending on your view, a devastating blow has been dealt to crypto, or a much-needed purge is in progress due to the SEC suing Ripple and two of its top executives for selling XRP tokens which the regulator claims were unregistered securities. [4] New Pro-Crypto SEC Chairman Appointed Elad Roisman has been appointed to chair the U.S. Securities and Exchange CommissionContinue reading »

Weekly Recap December 7th, 2020 – December 14th, 2020 Welcome to our 2nd weekly recap for December. Overview  Crypto News   [1] Bitcoin Fund Starts Trading on Canada’s Largest Stock Exchange According to its Dec. 16 press release, CI Global Asset Management has wrapped up the initial public offering (IPO) of its CI Galaxy Bitcoin Fund. [2] The CME Group to Launch Ether Futures in Early 2021 The CME Group, a global markets company, and the world’s largest financial derivatives exchange, has announced that it will be launching Ether futures contracts for institutional traders. [3] Germany Legalizes Blockchain-Based Securities Germany has passed a law that allows electronic securities to be recorded on a blockchain, according to reports from Reuters. [4] Crypto exchange Kraken to integrate Bitcoin’s Lightning Network Popular bitcoin exchange company Kraken, today announced new investments and forthcoming features designed to bring the benefits of Bitcoin’s Lightning Network to its global exchange. [5] Coinbase Files with SEC to Go Public Cryptocurrency exchange Coinbase has confidentially filed a registration statement with theContinue reading »

Solana Solana is a layer-1 blockchain that is self-operational and does not delegate operations to any other attached chain, with a slight unique application of Proof-of-Stake; the addition of a component called Proof-of-History (PoH) within its consensus. Note that it is not a Delegated Proof-of-Stake, as that was a common mistake. In contrast to the traditional usage of PoS protocols, the platform uses its consensus mechanism to timestamp transactions to maximize efficiency. This optimization can process up to 50-60,000 transactions per second, or TPS, with a theoretical limit of over 70,000 TPS. Transactions are timestamped when they are added to a block, currently implemented at an interval of  800ms, using a decentralized clock based on the SHA256 hash function used in BTC’s Proof-of-Work (PoW) consensus mechanism. Solana operates using a combination of leaders, validators, archivers, and etc. Leaders are responsible for producing new blocks and rotate every 4 blocks (1.6 seconds). Leaders produce blocks during their allotted slot, and timestamps received transactional entries. This allows transactions within a block toContinue reading »

Weekly Recap December 7th, 2020 – December 14th, 2020 Welcome to our 2nd weekly recap for December. Overview  Crypto News   [1] G7 Finance Chiefs Support Calls for Crypto Regulations Finance Ministers and Central Bank Governors of the G7 nations are reportedly unanimous in their call for robust crypto regulations. [2] Fidelity to Offer Bitcoin-Collateralized Loans Fidelity Digital Assets, the cryptocurrency arm of the Boston-based mutual fund empire, is set to offer Bitcoin-collateralized dollar loans, according to a Dec. 9 report published by Bloomberg. [3] Singapore’s DBS Bank announces plans to launch BTC, XRP, ETH-offering exchange In what is yet another victory for the still-nascent crypto-market, DBS, Southeast Asia’s biggest bank, has announced that it will launch a cryptocurrency exchange. The planned digital currency exchange will offer Bitcoin (BTC), Ether (ETH), XRP, and Bitcoin Cash (BCH). [4] Grayscale Reportedly Stockpiles Another 1.3K BTC & 100K ETH in 24 Hrs Grayscale Investment Trusts added another $240 million or more worth of crypto this week. Up to 100,000 ETH were also purchased by the company, whichContinue reading »

Weekly Recap December 1st, 2020 – December 7th, 2020 Welcome to our 1st weekly recap for December. Overview  Crypto News   [1] Visa Comes Full Circle With USDC Stablecoin Integration While volatility in crypto has kept some payment companies at bay, Visa has plunged in to connect Visa’s payment system with USD Coin (USDC). USDC was developed by Circle, a company that specializes in digital payments. [2] 224-Year Old German Bank to Float Crypto Fund in 2021 According to Fundview, Hauck & Aufhäuser will roll out a crypto fund via its Hauck & Aufhäuser Innovative Capital (HAIC) GmbH subsidiary in Jan. 2021. Dubbed HAIC Digital Asset Fund I, the product will focus on Bitcoin (BTC), Ether (ETH), and Stellar (XLM). [3] Crypto Indexes Set for 2021 Launch: S&P Dow Jones Indices S&P Dow Jones Indices announced on Thursday that it will be launching its own cryptocurrency indexes. The new products will reportedly go live in 2021. [4] Grayscale Absorbs $137 Million More in Bitcoin in Last 24 Hours, $12.6 BillionContinue reading »

Radix Radix is a layer-1 protocol dedicated towards supporting the DeFi ecosystem by building interoperable DeFi dApps and improving scalability, security, and decentralization. It had a successful token sale, and raised over $12.5mil USD. The consensus layer of Radix features a cutting-edge, academically reviewed consensus algorithm: Cerberus, which will support the platform with multiple features. Along with a public network with linear scalability that could scale to thousands of nodes and billions of users, Cerberus also enables cross-shard atomic composability to allow DeFi applications on different shards to cooperate without stalling other applications or transactions. The algorithm is designed to deliver true transactional finality in real-time without any rollbacks. Radix Engine v2, at the application layer of the platform, will utilize DeFi programming tools to assist developers in compiling complex financial applications with higher security using the on-ledger DeFi component library, enabling quicker market-ready builds and lower on-ledger runtime costs. Contributors to the library will be provided with an on-ledger revenue by the Radix Dev Royalties as an incentivization. ThereContinue reading »

Weekly Recap November 23rd, 2020 – November 30th, 2020 Welcome to our 4th weekly recap for November. Overview  Crypto News   [1] Bitcoin hits the home page of The Wall Street Journal After rallying 80% in two months, Bitcoin (BTC) is recapturing media interest from the top end of town, with The Wall Street Journal discussing the cryptocurrency’s adoption among institutional investors on the site’s home page on Nov. 23. [2] Japanese Financial Giant SBI Group Debuts Lending Product for Bitcoin, Ethereum, and XRP Japanese financial giant SBI Group has announced a cryptocurrency lending service in its Sept. 24 press release. It will be offered through the company’s cryptocurrency-oriented arm SBI VC Trade. [3] Binance Confirms Support for XRP’s Flare Networks Snapshot and Airdrop Binance has announced that it will support XRP’s Flare Networks snapshot and airdrop of Spark tokens and is the latest major exchange to support the event. [4] IOTA Partners With Pantos for European Blockchain R&D Lab IOTA in collaboration with Pantos is looking to promote blockchain and DLT interoperabilityContinue reading »