January 30

“Swiss regulators have given the go-ahead for what is purportedly the country’s first fully compliant initial public offering (IPO) on a blockchain.

Swiss blockchain firm Overture will launch a compliant IPO and offer ordinary class-A shares natively on the Ethereum blockchain, using smart contracts provided by Zug-based EURO DAXX (the European Digital Assets Exchange).

The company has approved the first Swiss articles of incorporation that directly states the digital nature of the shares (tokens) and the use of the blockchain as the technology to keep the shareholders registry […] transfer of the company ownership can be achieved only with a transfer of the tokens on the blockchain and only the ownership of the token can give the status of shareholder.

This streamlined blockchain-native approach to securities offerings is set to be embraced by major new platforms in the country.”

“Binance US has joined other major exchanges in the staking game, adding staking rewards for cryptocurrencies algorand (ALGO) and cosmos (ATOM). The exchange said returns will be given on a monthly basis starting Feb. 1.

Binance US now joins Kraken and Coinbase in offering staking rewards on PoS coins, though the latter two exchanges only offer staking on Tezos (XTZ).”

“As per Bakkt’s data, not a single bitcoin options contract was traded last week on Bakkt. This is happening while the price of bitcoin has rallied to three-month highs, raising the cryptocurrency’s volatility. Demand for options tends to rise with a spike in volatility.

For now, institutional investors seem to be preferring CME over Bakkt, which isn’t surprising as the CME’s two-year-old bitcoin futures are among the most liquid derivative products in the cryptocurrency space.”

Next month’s ETHDenver conference will have the support of the Colorado state government. Colorado officials will organize a series of presentations, workshops and hackathons as part of ETHDenver’s “Advance Colorado” track.

This is the first time we’ve had the Governor’s office and total body of state agencies in support of building a bridge between the web3 community and the Colorado state government. This is the beginning of a massive collaboration that’s not been seen before in the space.”

“A recent poll revealed community support for Zcash mining reward changes, which will take effect in November 2020, with the Zcash Founder’s Reward terminating in November.

The new mining reward distribution will be as follows: 80% for miners, 7% for the Electric Coin Company, 5% for the Zcash Foundation and 8% for grants. Zcash currently pays out 80% of its mining rewards to miners and 15% to founders, investors and other types, with the remaining 5% going to the Electric Coin Company. 

Stipulations were also introduced for formal accountability and reporting requirements of each participant.”

“1.84% of assets held as equity with Schwab are for the Grayscale Bitcoin Trust (GBTC), a Bitcoin investment vehicle that saw record participation in 2019. This is more than equity Millennials held in Berkshire Hathaway, Netflix, Disney Corp., and even Microsoft and Alibaba.

By contrast, Grayscale did not figure in the top choices of Generation X and Baby Boomer investors.

The premium for GBTC now stands at almost 8%, reflecting a common assumption that institutional interest overall in Bitcoin is growing.”

“BCB Payments Ltd., is now the “first and only crypto-focused” company to have been registered as an Authorised Payment Institution in the U.K.

With British banks reluctant to engage with crypto firms, BCB is one of few options available. The firm said it takes a ‘dedicated focus on B2B payment services including business accounts and cryptocurrency market liquidity for some of the world’s largest crypto-engaged financial institutions.'”

See Also: Silvergate Bank Adds 48 Crypto Clients in Q4 Even as Deposits Slip 4%

“The new index’s name is NRI/IU Crypto-Asset Index and it is meant for use by financial institutions. The NRI/IU Crypto-Asset Index is rebalanced monthly and tracks the performance of a pre-defined basket of crypto assets: Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC) and XRP.

Strong demand from institutional investors is contributing to the growth of crypto-asset funds, and well-diversified products like index funds are attractive as alternative investments.”

Fixed Rate Decentralized Loans on Ethereum

“Andreas Antonopoulos has come out in support of the legal team of Liebowitz, filing an affidavit on Jan. 27 vouching for the expertise of the team — which Antonopoulos has seen in action on the Kleiman v. Wright case. 

In recent months, Bitfinex alongside related companies Tether and iFinex have seen four separate class-action complaints filed against them, all alleging market manipulation and all identifying the class as anyone in the United States who transacted in Bitcoin since mid-2017.”

See Also: France Charges Alleged BTC-e Operator Alexander Vinnik Following Greek Extradition