“As various parties including co-founder Vitalik Buterin confirmed this week, testing is currently underway to improve network performance and reduce transaction fees.
‘Given the current #Ethereum network congestion we have started to test raising the block gas limit to 10M gas.‘ A shift to 10 million gas per block is considerable, and would translate to a total capacity increase of 25%.
Since Sept. 1, the average Ethereum transaction fee has increased from just over $0.11 to just under $0.39.”
“No countries welcome Libra, but it might be unstoppable anyways. It is very unlikely that one can totally stop people from buying Libra despite rigorous regulations.
Users could circumvent the ban to purchase Libra, he said, citing underground Bitcoin trading in China as an example of how it could work.
He thought that there was only one possibility to stop Libra: ‘If the U.S. bans Libra legally, then Libra will certainly be stopped.‘ As long as the U.S. does not put a legal ban on Libra, and other central banks loosen regulations over time, it is highly likely that Libra will become a dominant international currency, Mu said.”
“Clayton said investors are “sorely mistaken” if they think bitcoin and other cryptocurrencies undergo the same price discovery practices as products on top exchanges like the Nasdaq or New York Stock Exchange.
Clayton said price reports do not indicate thorough price discovery, as he claims major exchanges perform for other financial products. Investor protections built into major exchanges, he continued, are needed in crypto markets before they can be added.
Clayton’s crypto message follows remarks made earlier this month concerning a bitcoin exchange-traded fund (ETF). Clayton claimed there is ‘work left to be done, although progress is being made.'”
“The hard fork for the most popular test network, called Ropsten, is scheduled for October 2. The hard fork for the testnet Görli is scheduled October 30, and for the testnet Rinkeby, November 13.
The Istanbul mainnet fork will go out in two parts. The first update will take place later this year, and the second, sometime in the first quarter of 2020.”
“Zap is launching a dollar-denominated bitcoin buying feature inside its lightning-friendly mobile and desktop wallet. Mallers managed to make this option without becoming an exchange by operating a backend over-the-counter desk that buys the bitcoin from exchanges on wallet users’ behalf and then places it directly to the users’ personal custody.
The KYC stuff is only pulled in when you want to buy or sell bitcoin. You download [Zap], link it to your debit card. KYC is just email, name and address. Then buy bitcoin, sent to you via lightning, that’s almost instantly spendable.”
“Binance’s new OTC onramp is scheduled to launch next month and only targets Chinese market.”
“MakerDAO’s Dai stablecoin will be implemented on the tron and binance chains in the near future through Loom Network, a Layer 2 scaling solution for the ethereum blockchain. As an ERC-20 token, Dai is part of the ethereum blockchain. Loom believes moving Dai onto other chains will help grow the token.
With interchain asset transfers, we open up some completely new possibilities for things like multichain DeFi.”
“Coinbase is exploring the addition of avalanche, celo, chia, coda, dfinity, filecoin, handshake, kadena, mobilecoin, NEAR, nervos, oasis, orchid, polkadot, solana, spacemesh, and telegram.”
“Investment app provider Abra is to sell cryptocurrency for cash at 6,000 outlets across the Philippines. The expansion comes after the firm inked a deal with local payments company ECPAY to access its network that includes all 7-Eleven stores in the country.
Now Abra users in the Philippines can quickly and easily add pesos into Abra and use that to invest in cryptocurrencies or popular stocks like Google, Amazon, Facebook, etc., which opens up a world of new possibilities to build wealth.”
“Chile’s central bank governor, Mario Marcel, says central bank digital currencies (CBDC) can provide additional flexibility at a time of ‘unconventional monetary policies.’
Marcel’s opening remarks acknowledged that cryptocurrencies like Bitcoin are already showing disruptive potential and provide some benefits over the legacy system. However, Marcel argues that this new technology can also be adopted by the banking system itself to mitigate its disruptive potential.”
“Dubbed the Industry Marketplace, Iota’s new product is a joint initiative that aims to accelerate industrial automation and commercial machine interaction. The platform deploys basic components such as blockchain, immutable logs, machine-readable contracts and an integrated decentralized identity system.
Serving as a vendor and industry-neutral platform that automates the trade of physical and digital goods and services, the blog claims the Industry Marketplace to be the world’s first autonomous and decentralized virtual marketplace.”
“Former Overstock CEO Patrick Byrne has sold his 13% stake in the firm for $90 million to move to gold and crypto trading.
Byrne explained his choice to trade gold and silver because they are stored outside of the U.S., while it will be safe for him to have the assets stored in Switzerland and some other locations that are out of reach of the ‘Deep State.'”