November 27

“On Nov. 27, India’s Ministry of Electronics and Information Technology (MeitY) said that it recognizes the potential of blockchain technology and the need for the development of a shared infrastructure to carry out related use cases.

The Ministry added that it is working on the “National Level Blockchain Framework.” While India may be pro-blockchain, its stance toward cryptocurrencies is decidedly hostile.”

“HSBC aims to shift $20 billion worth of assets to a new blockchain-based custody platform by March, in one of the biggest deployments yet of the widely-hyped but still unproven technology.

The platform, known as Digital Vault, will give investors real-time access to records of securities bought on private markets.”

“As the launch of the beacon chain grows nearer and eth2 becomes ever more final, the time has come to fast-sync the community. This article will provide a high-level overview of eth2 which will form the basis for a series on all aspects of eth2 relevant to validators.

Design Philosophy:

  • Safety and liveness take precedence over other design desiderata
  • eth2 should be capable of surviving World War 3
  • eth2 is designed to scale to millions of validators while encouraging these validators to work independently of one another
  • Components of eth2 are resistant to quantum computers
  • eth2 must be able to run on a consumer laptop

See Also: eth2 Phase2 Deep Dive
See Also: Stateless Clients for eth1

Instead of deciding the ratio of currencies in its basket itself, the value of Saga’s coin replicates the Special Drawing Right (SDR)—a reserve basket of currencies that’s been maintained by the International Monetary Fund since 1969. 

Man said that a corporate structure—like, say, Libra—is ‘ill-fitted to issue a currency because of the simple truth, which is that the corporation is designed to serve shareholders, while a currency needs to maintain accountability to the currency holders.'”

See Also: Stablecoins Can Temper US Dollar Hegemony Risks

Telegram has successfully purged a swathe of IS-related content, seriously disrupting the propaganda issued by the militant group, European Union crime agency Europol announced on Friday. 

The messaging app’s actions to beef up security suggests that it’s cozying up to regulators ahead of legal proceedings over its cryptocurrency TON.  

ISIS and their likes will have [a] hard time on Telegram if they continue to spread their message of violence and hatred,’ said Telegram CEO, Pavel Durov in a statement Tuesday.”

“Academics have extensively researched the impact of developing derivatives markets on the volatility of underlying assets and have overwhelmingly concluded that derivatives help to stabilize prices. This is particularly true for options.

With the CBOE officially out, expect the competition between CME and ICE to be heating up in 2020 as the two exchanges roll out their options offering.

It would be particularly encouraging to see corporate hedging flows taking off, led by mining companies and supported by physically delivered and options contracts.”

“The West African nation’s central bank said Tuesday that Ghana could issue a digital form of the nation’s currency, the cedi, in the “near future”. The technology behind Addison’s proposed “e-cedi” digital currency is as yet unclear.”

“The move is aimed at ‘increasing legal certainty, removing barriers for applications based on distributed ledger technology (DLT) and reducing the risk of abuse.’

The nation is already known as one that is crypto and blockchain friendly, with its Zug region playing host to a large number of industry firms.”

“Zooming out the lens a bit and taking a macro perspective, experts note at least three plausible reasons to think this may be just a hiccup for bitcoin.

On the demand side, institutional trading platforms like Bakkt and Fidelity Digital Asset Services (FDAS) are starting to see uptake. Retail bitcoin purchases are on the rise at the popular consumer app Square as well. And all else equal, the expected halving of mining rewards next year bodes well on the supply side since it will reduce the amount of new bitcoin regularly injected into the market.

The fundamentals around BTC and increasing institutional adoption continue up and to the right.”

“Average block propagation time – the time a block needs to be produced and shared throughout a blockchain – dropped to 172 milliseconds, less than half the current average time of 360 milliseconds.

We don’t send the entire block because if the other gateways know the transaction out of there, you don’t need to send the actual data itself.

BDN is already running in some large mining pools and will continue to be gradually introduced to larger pools. Once it does, he says block capacity will increase and fees could fall.

“An EY team is putting “blood on a blockchain” to seek a better donor experience, transparency of blood operations, and to one day, drive better patient results.

The prototype has the potential to truly help change lives. Every blood donation is needed – and eventually each bag of blood could be paired with someone who needs it.

“The partnership, announced Wednesday, means the London-based Elliptic will monitor transactions passing through Zilliqa, including those in Zilliqa’s ZIL crypto and in the upcoming Singaporean dollar-pegged stablecoin XSGD, set for release in December.

If this source is one of the illicit wallets we have previously identified, the business is alerted and can take steps to prevent the money laundering from taking place.”

“The decentralized exchange platform announced the official launch of its New Year’s Eve airdrop, which will give away its ETHBNT liquidity pool tokens to 60,000 people. 

A Bancor spokesperson said that the point of the airdrop is to improve DEX liquidity and significantly expand the use of decentralized finance (DeFi) applications.”

“Major South Korean cryptocurrency exchange — run by a subsidiary of Korean tech giant Kakao — has notified users of the theft of 342,000 Ether (ETH) from its hot wallet.

The exchange has pledged to protect user assets, stating that the 342,000 ETH (roughly $50 million by press time) will be covered by corporate assets. Deposits and withdrawals will take at least two weeks to resume.”