December 19

1. The Halving
2. SEC vs. Telegram
3. Facebook’s Calibra launch
4. Recession and volatility
5. US political parties
6. Off-chain assets
7. DeFi adoption
8. Central bank digital currencies
9. “Institutional” flows
10. Ethereum 2.0 launches

See Also: 2019: A Year of Careful, Prosaic BUIDLing

BTC/USD (Bitstamp, Weekly) touches off longterm channel support.
ETH/USD (Kraken, Weekly) retests longterm logarithmic support.

Supply chain fintech startup Tradeshift, which boasts two million firms on its platform, says it’s slashed the cost of cross-border transactions between buyers and suppliers using the public ethereum blockchain.

Tradeshift partnered with Consensys-backed e-money license holder Monerium. Monerium’s e-money on ethereum has now been approved for use in Iceland, Denmark, Germany, U.K., Lithuania, France and Sweden.  

We have taken an accepted invoice and tokenized it on ethereum. On the due day, a smart contract automatically swaps the tokenized invoice for the e-money that is on-chain. We issue e-money on ethereum to an ERC-20 compliant smart contract that works as a programmable passbook.”

“Launched earlier on Wednesday, the public beta version allows users to paste code for analysis, during which it identifies security risks by testing the functionality and efficiency of a smart contract, as well as evaluating the quality of the coding. Currently the service can only review ERC-20-based smart contracts.

Our clients are increasingly entrusting key enterprise business processes and valuable investments to software code. We don’t run enterprise computing systems without anti-virus tools and it only makes sense to run blockchain-based investment systems with smart contract and token testing tools.

An EY project for running private transactions on the ethereum blockchain, known as ‘Nightfall’, has also been integrated into Analyzer.”

See Also: EY Analyzer
See Also: Alchemy launches infrastructure platform to bring blockchain mainstream

“Planned to go live in the second quarter of 2020, Katalyst is said to be a major upgrade to the Kyber protocol to better meet the liquidity needs of the decentralized finance (DeFi) ecosystem.

Katalyst aims to reduce friction in liquidity contribution, introduce rebates for high-performing reserves (liquidity providers) and allow DApps integrated with Kyber to add a custom spread for flexible rates.

On top of liquidity optimization, the Katalyst upgrade will include a new staking mechanism and the launch of the KyberDAO, a community platform that allows KNC token holders to participate in governance for the first time.

KNC is up 78 percent year-to-date making it one best-performing crypto assets for 2019.”

The proposed amendment would ‘more effectively identify institutional and individual investors that have the knowledge and expertise to participate’ in private capital markets.

At present, accredited investors are defined as individuals with more than $1 million in net worth (or who earn more than $200,000 per year).

Under the SEC amendment, the term would expand to include new categories of “natural persons,” individuals who qualify as “knowledgeable employees” of certain private funds, companies which meet certain restrictions, entities which “own ‘investments'” defined under the Investment Company Act, family offices with a minimum of $5 million in assets, and spousal equivalents who can pool finances to qualify.”

“Retail investors can submit transaction records from crypto exchanges to online accounts on the firm’s website. The software will reconcile the transaction data and calculate how much in taxes the investors will pay, which will be recognized by the IRS.

One of the first questions on the IRS’s tax form is whether you have crypto assets. It is a question that taxpayers cannot ignore anymore.”

“The post says the move is being made to ‘better streamline developments and collaborations’ but does not say when the changeover will take place. Longtime contributor “Snipa” will assume the responsibilities of lead maintainer.

The role includes leading development and engineering efforts as well as administrative functions, such as signing off on email announcements.”