December 4

“Since the last EF-Supported Teams report, progress has been made across the board. From improved network conditions, to the coming Istanbul release and Eth1.x and Eth2 development, all areas core to the functionality and sustainability of Ethereum are advancing.


“The governor of the Bank of France announced that the bank will start testing the digital euro project by the end of the first quarter 2020. The project aims to assert France’s sovereignty over private digital currency initiatives like Facebook’s stablecoin Libra.

The digital euro pilot will only target private financial sector players and won’t involve retail payments made by individuals. Villeroy reportedly noted that a digital currency for retail customers would ‘be subject to special vigilance.

I see the interest in rapidly advancing the issuance of at least one central bank digital currency in order to be the leading issuer globally and get the benefits associated with providing an exemplary central bank digital currency.


“Bank of Japan (BOJ) Governor Haruhiko Kuroda said that there is no public demand for a central bank digital currency (CBDC) in the country. He concluded that at present there is no reason to issue a CBDC in Japan.

Nevertheless, the Bank of Japan has been conducting technical and legal research on this matter in order to stand ready when the need for CBDC 13 may arise in the future.

One strategy that the bank is adopting to promote such systems is increasing the number of cashless payment users and ensuring interoperability among multiple payment service providers.”

See Also: Japan: MUFG Bank Denies Reports It is Developing New Digital Currency


Loeffler will take office on Jan. 1, 2020. Though Isakson’s term ends in January 2023, Loeffler will have to run for election next year if she intends to serve past January 2021. Kemp appointed Loeffler, a Republican, against the reported wishes of President Donald Trump.

While Loeffler said she was “pro-Trump,” and in favor of his border wall, the Second Amendment and against abortion and socialism, she did not address crypto or bitcoin in her introductory remarks.


“The collaboration between the two firms will allow the exchange’s customers to buy over 2,000 different prepaid vouchers with Bitcoin. When Bitfinex users buy products from Bitrefill, the system put in place by the two firms instantly settles the payments over Lightning Network.

Bitfinex and Bitrefill utilize customized versions of Lightning to open large channels together, exceeding the default limits in place.”


“On Dec. 3 that 1,035,020 GUSD were burnt in a single operation. This number of tokens is equivalent to around 20% of what was the total GUSD circulating supply.

The Gemini dollar has seen an overall poor performance since its launch in late September last year. CoinMarketCap historical data shows that GUSD reported $3.3 million in trading volume on Dec.3, down from a peak of over $249.4 million reported on Feb. 20, 2019.”


“The former Morgan Stanley developers claim the platform is ten times faster than traditional crypto trading platforms, while offering 100x leverage to both retail and institutional investors in Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) perpetual contracts.

In the near future, these contracts will reportedly also be backed by traditional financial products, such as stock indexes, interest rates, foreign exchange, agricultural commodities, and metals and energy.

We are the first exchange to truly bring Wall Street level sophistication to the worldwide crypto derivatives markets.


“Circle, the parent company of cryptocurrency exchange Poloniex, says it could charge United States users fees and even confiscate users’ entire balances if they do not remove their funds.

There are two fees Poloniex US customers who do not withdraw their assets may be subject to: a monthly service fee while a user continues to have assets stored on the platform, and a one-time dormancy fee when an account becomes dormant per the terms of the applicable regulations. Unclaimed assets may be sent to state governments, consistent with applicable regulations.


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