October 21

“Marcus said that the firm could consider dropping the currently planned “synthetic” stablecoin – which is to be pegged to a basket of fiat currencies and government bonds – and instead issue a number of individual coins pegged to national fiat currencies such as the dollar, pound and euro.

We could definitely approach this with having a multitude of stablecoins that represent national currencies in a tokenized digital form. That is one of the options that should be considered.

Why Libra would shift away from its currently planned structure for the token wasn’t stated. Among possible issues, it has been suggested previously that the reserve backing the basket could be classed as a security and hence come under the remit of regulators like the U.S. Securities and Exchange Commission (SEC).”


“The paper describes a denial-of-service (DoS) attack that could be used to slow down or even stop a huge percentage of payments on the network and, although the behavior hasn’t been seen in the wild and lightning’s technology is still in-progress, it’s considered a major flaw in the network as it stands today. 

It is extremely easy to execute. It takes opening a few lightning channels to key points, promising zero fees, and then not relaying any payments. You’d need around 20 or so new channels to attack some 80% of all transactions, so the total cost would be around $2000.

Lightning developers agree this is a serious attack vector but they are optimistic that future changes will make the attack much harder. ‘As the network grows, lightning network implementations will deploy more aggressive heuristics to ban misbehaving peers … and such attacks will become more an more short-lived.'”

See Also: As Lightning’s Economy Takes Shape, Devs Are Split on Proposed Fee Hike
See Also: Fortnite Meets Bitcoin Lightning Network in New ‘Lightnite’ Video Game


Since mid-September, the Fed has injected $210 billion into the economy. Part of its newly-revitalized quantitative easing (QE) strategy, the move dwarfs the total market cap of Bitcoin, which stands at $148 billion. 

QE refers to the buying up of government bonds in order to provide economic stimulus. For holders of assets that cannot have their supply inflated, such as gold and Bitcoin, money printing has regularly sparked calls to decrease reliance on fiat currency.”


“We’re adding support for fiat trading. In about two weeks or so, we should have support for Russian ruble trading, direct.

Binance had said in September that fiat payments were coming for over-the-counter OTC trading – effectively, bulk deals – this month. However, his comments today appear to indicate that general trading on the exchange will also support the new options.”


Bitfinex’s filing comes as part of the on-going proceedings where it seeks to recover $880 million of its funds held at its payment processor Crypto Capital that was said to be frozen by multiple government agencies.

Meanwhile, Bitfinex is also under investigation by the New York Attorney General’s Office for allegedly using a loan from its sister company Tether to cover up the frozen funds without disclosing to customers.”


“Bitcoin (BTC) may not benefit from an influx of institutional traders, a senior executive at one of the industry’s best-known businesses has warned.

If we take 50% of the world’s Bitcoin and we put it in custody with a custodian that’s regulated… and we take these Bitcoins, and we put them in a vault somewhere… and then we issue Bitcoin depository receipts — pieces of paper that allow us to trade the underlying Bitcoins sitting in a vault somewhere — but we never actually exchange Bitcoin on the Bitcoin network, is that still Bitcoin?


The facility’s launch is ‘significant to Bitmain’s global expansion plans‘ and the state’s stable and efficient energy resources will be fundamental to supporting what he believes is set to be the inevitable scale of growth of the mining industry.”


“With the MoU, Maybank Malaysia, Maybank Cambodia and NBC will explore the possibility of transferring funds between Cambodia and Malaysia through NBC’s blockchain-based Bakong payment system.

More than 66% of all mobile banking transactions in Malaysia were conducted through the Maybank app in 2018.”


“Bitcoin IRA’s technology supports self-directed retirement accounts that allow investors to create a digital asset IRA account, transfer funds from an existing IRA custodian and trade their crypto holdings in real-time via an OTC liquidity provider. 

Borrowing and lending using cryptocurrencies and cash are providing new and safe opportunities for our clients to maximize the growth of their retirement accounts. Interest earned by a client can offset trading fees or custodial holding fees, essentially creating a free account making these fees a thing of the past.


“Bunkertrace, a blockchain and DNA-based fuel tracking solution, is using DNA markers to trace bunker fuel oil throughout the supply chain.

The new solution combines synthetic DNA markers and blockchain technology to trace the fuel and make it possible to track any changes made to it. The company then records each transaction in a blockchain-based system to manage risk for marine fuels by creating a transparent chain of custody.”