September 16

“BitPay, the largest global blockchain payments provider, today announced its customers will soon be able to safely, securely, and compliantly accept Ethereum. Additionally, wallet users will be able to store and use Ethereum in a BitPay wallet and BitPay Prepaid Visa Card holders can top up debit cards. 

As one of the largest crypto currencies by market cap and one used by thousands of companies, Ethereum is the next logical choice.

BitPay’s existing merchants, including Microsoft, Newegg, Dish Networks, FanDuel and Avnet, will be able to turn on support for Ethereum seamlessly without any additional integration.”


“In a Twitter thread on Monday, David Marcus, who co-created Libra, said he wanted to “debunk” that notion – one most notably promoted by France’s Economy and Finance Minister, Bruno Le Maire.

Marcus said that Libra will be ‘backed 1:1 by a basket of strong currencies. This means that for any unit of Libra to exist, there must be the equivalent value in its reserve.’ As such, Libra will not be creating new money. That function will “strictly remain the province of sovereign nations.

His comments come as a group of 26 central banks – including the European Central Bank, the U.S. Federal Reserve and the Bank of England – meets in Switzerland to grill the Libra Association over the scope and design of the project.”

See Also: ECB Official: Stablecoins Pose Risks to Public Policy Priorities

See Also: PayPal: ‘A Lot of Work’ Still Needs to Happen for Libra to Become Real


“The South Korean arm of the Malta-based OKEX exchange announced early on Monday that it is to delist five cryptocurrencies that provide extra privacy features for users. From Oct. 10, the exchange will no longer support trading in Monero (XMR), dash, zcash (ZEC), horizen (ZEN) and super bitcoin (SBTC).

Specifically it cited the “travel rule” recommendation to national regulators from the Financial Action Task Force (FATF) as the reason for pulling the five coins. The global anti-money laundering body gave members 12 months to implement the new recommendations.”


“Focusing on phase zero, Ethereum 2.0’s first stage of development, he said everything was ‘finalized except for things that come up during the security audits. The clients are now talking to each other. The next step is to make sure they can maintain a public network at scale.

When asked about recent developments on privacy technology he said, ‘Zk-SNARKs in general have really made a huge leap of progress over the last three weeks, in a way a lot of people aren’t realizing.’ He pointed to Plonk, a new way to create zero-knowledge proofs, set to be rolled out by Aztec Protocol.

He went on to suggest that DeFi could offer a way of preventing blockchain founders from raising a ton of money and disappearing. “Public interest projects” where users stake a portion of their coins, use the interest generated of the staked coins to raise funds that could be used to build projects. It’s like a DeF-ICO. ‘This could really mitigate a lot of concerns of fraud we’ve had in the ICO space.'”


🤔

“Following a three-year $34 million NBA contract extension, Dinwiddie is reportedly going to sell digital tokens tied to the contract, wherein investors in the offering would receive principal and interest.”


“The startup has created tokens on the ethereum blockchain representing the shares of four real estate funds worth $100 million.

The move is intended to make these private securities easier to trade for the 1,100 investors that hold them, along with 17 broker-dealers and placement agents that work with the funds’ manager. ‘What we’re hoping to do is increase access.'”

See Also: Queensland’s Real Estate Institute to Launch Blockchain Tenancy Platform


“The draft Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019 has proposed a 10-year prison sentence for anyone who ‘mines, generates, holds, sells, transfers, disposes of, issues or deals in cryptocurrencies.’

The severity of the proposed penalty and the extreme position reflected in the document — whether or not and in what form it eventually becomes national law — is already prompting local crypto businesses to take pre-emptive measures to protect themselves. 

As a country largely reliant on the services sector, India will lose its edge as a technological power if the ban on crypto is enforced. Shunning this industry will mean massive job losses and a brain drain […] Crypto is predicted to be a $10 trillion industry in the next five years, and if we are to achieve our Prime Minister’s goal being a $5 trillion economy, then crypto is integral to that vision.


“CZ initially warned that the exchange’s futures were under attack from one of its own market makers. The perpetrator allegedly crashed the BTC/USD order book from $10,324 to $10,024, in what Zhao said was the second such attempt at an attack. 

The attack turned out to be a false alarm, originating from a technical error on the market maker side.  ‘Only the attacker lost a bunch of money, and that was that.'”