“The new exchange, dubbed Bitmax, is now live with trading of five crypto assets: bitcoin (BTC), ethereum (ETH), ripple (XRP), bitcoin cash (BCH) and litecoin (LTC). It can be accessed via the wallet tab on the LINE mobile app and is also integrated with LINE Pay to provide an easier Japanese yen fiat on-ramp process.
LINE said in the announcement it currently has 81 million monthly active users in Japan and 164 million globally.”
Approved by Chancellor Angela Merkel’s cabinet on Wednesday, the strategy sets the government’s priorities in the blockchain space, such as the digital identity, securities and corporate finance. It also sets out that the state won’t tolerate the threat to state money by stablecoins like the Facebook-led Libra.
The government will also work with Germany’s central bank on a form of “digital central bank money,” it adds.
A draft law on digital securities is scheduled to be introduced by the end of this year, according to the document. The new legislation should be “technology-neutral” and, in its first iteration, only relate to digital bonds. If that goes well, digital shares and investment funds on the blockchain will be considered as a next step.”
“Binance’s stance toward Libra seems to have hardened.
Lim said he and his team have been holding conversations with central banks and regulators in developing countries, who he said are concerned that if Libra launches they could lose sovereign authority over their currencies overnight.
Unlike Libra, Venus ensures control over any proposed stablecoin stays with the government issuing it; they decide how to collateralize the coins and how many to mint. Binance is a technology provider, offering its Bianance Chain to create the coins.
I can say this, in the next three to six months we are moving heavily towards partnerships with governments, central banks, and large corporates.
Venus will give smaller countries ‘the opportunity to break into the global market through cryptos as they are now plugged into a global liquidity pool provided by Binance.'”
“The platform will go live supporting just six cryptocurrencies initially – bitcoin, (BTC), ether (ETH), XRP, bitcoin cash (BCH), litecoin (LTC) and the tether stablecoin (USDT). Binance’s own BNB token is also supported. Notably, Binance’s recently launched dollar-linked stablecoin BUSD is not supported.
Although it is upsetting that we cannot offer Binance.US in the states where I grew up and earned my education at this time, please rest assured that this is just the beginning.
It’s not clear if the new entity will offer a similar protection scheme as Binance, which notably provides the Secure Asset Fund for Users (SAFU).”
“Blockchain startup SpaceChain has won a 60,000 euro grant from the European Space Agency (ESA) to investigate use-cases for their satellite-based blockchain wallet system.
The grant bolsters SpaceChain’s efforts to put a hyper-secure, multi-signature, distributed satellite network in orbit. The company has already flight-tested blockchain nodes in space.
Satellite-based nodes are far more secure than terrestrial networks processing on the open internet. ‘We don’t need internet access to perform this kind of transaction.‘”
“The project is designed to help the Democratic People’s Republic of Korea (DPRK) evade international sanctions and find a way around ‘the U.S.-dominated global financial system.’
We are still in the very early stages in the creation of the token. Now we are in the phase of studying the goods that will give value to it […] No plans to digitize the [North Korean] won for now.”
“Craig Wright, the Australian entrepreneur who controversially claims he is Satoshi Nakamoto, is moving to settle a case that looks set to cost him billions in bitcoin.
Magistrate Judge Bruce Reinhart ruled in late August that Wright must turn over half of his bitcoin holdings and intellectual property from before 2014 to Kleiman’s estate. During the case, Magistrate Judge Bruce Reinhart did not find Wright to be credible.“
“According to the government’s complaint, Nerayoff’s firm was tapped to advise an undisclosed, Seattle-based startup — dubbed “Company 1” in court documents – in July 2017. Nerayoff began demanding larger than contractually agreed-upon ethereum payouts for his help with the company’s initial coin offering (ICO) that coming fall.
Nerayoff’s attorney told CoinDesk that ‘a civil dispute has been improperly distorted into a criminal matter. Mr. Neryaoff looks forward to the truth coming out and clearing his name.'”
“CMCC is launching its Liberty Bitcoin Fund with the ambition to provide digital asset management services in Asia to be on par with Grayscale in the U.S. The latest fund uses ANXONE Custody, a proprietary digital asset safekeeping system with insured wallets provided by custodian BC Group.
There is rising demand for cryptocurrencies as an asset class for traditional funds. As digital assets grow to be perceived as a legitimate investment in portfolios, mutual funds have become one of the most accessible ways to own crypto.”
“The Strategy 2023 document says a new open-source platform for blockchain will be established in Turkey. This initiative will analyze different use cases such as land registration, academic certificates and customs to determine potential public sector applications.
The Ministry of Industry and Technology is also planning to work with Turkish regulators to create a regulatory sandbox for blockchain applications.”