February 4

The Monetary Authority of Singapore (MAS) has greenlit a tokenized securities trading firm for full operations within the city-state. iSTOX is set to be one of the first securities token platforms that is licensed as a capital markets services provider.

The platform will provide both institutional investors with issuance, custody and trading services for digitized securities. The new platform will eliminate middlemen and time-consuming settlement time.”

“A policy think tank of the Indian government aims to create a concrete national plan of action towards blockchain technology.

Government should pay special attention to the decentralized network where peer-to-peer transactions can create more socio-economic value.

The second part of the strategy, to be released in coming weeks, will focus on recommendations to establish India as a vibrant blockchain ecosystem, including regulatory and policy considerations.

“Using Zcash-based technology, it introduces confidential tokens where all amounts are cryptographically hidden.

Aztec’s goal is to deliver its “Triptych of privacy,” which would completely hide a particular portion of the Ethereum blockchain. The final achievement is making smart contracts completely private. This may occur as early as this year.”

“The stablecoin system needs “trusted entities” charged with generating, exchanging and destroying the stablecoins, as well as holding the fiat currency collateral on a 1:1 ratio with the number of tokens issued.

The patents also detail a means by which stablecoins could be used as collateral ‘in financial transactions that are executed via smart contracts.’ Another suggests dividends from securities and other such instruments could be paid out in the stablecoin.

Given the patents’ embodiments, it may be possible the system is being considered for licensing it out to banks or other financial institutions.”

Great panel discussion on the precarious global macroeconomic situation.

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“A so-called “no-loss lottery,” PoolTogether’s DAI pool hit $1 million in locked-in crypto for the first time Friday. 

Reflecting that success, the company is announcing a $1.05 million investment round. IDEO CoLab Ventures led the round; ConsenSys and DTC Capital also invested.

Our goal is expanding access to the prize-linked savings protocol. Our hope is that others will begin building on top of the protocol to expand access to a financial primitive we believe has been overlooked thus far in DeFi.”

“The “Spider” crypto routing scheme offers a more efficient type of payment channel network, or PCN.

Used on “layer 2” scaling solutions like bitcoin’s lightning network, Spider works by splitting transactions into smaller amounts or “packets” that propagate over different channels. By dividing the amounts into bite-sized chunks, large payments can be routed through accounts that may have low funding levels.”

“His attitude towards Libra deteriorated as project members proposed linking what was supposed to be a globally inclusive currency to a proprietary digital wallet, Calibra.

It went from this altruistic idea into their own wallet.

Banga also had concerns when association members would also not firmly commit to know-your-customer (KYC), anti-money laundering (AML) controls or data management controls.

In a lecture series in July 2018, Banga described cryptocurrencies as “junk” and argued that they should not be considered as a medium of exchange.”

Bitcoin (BTC) futures are fast becoming the darling of institutional investors as open interest spikes 60% since the start of 2020. Open interest across major futures offerings from exchanges now stands at more than $4 billion. 

Over half of that stems from two companies — derivatives giant BitMEX and crypto exchange OKEx. Deribit confirmed month-on-month Bitcoin futures options turnover was surging 70%.

We aren’t staying at 9400 for long. The next move should be significant and come relatively soon.”

“The conceptual difference between the two types of crypto-assets ‘should be at least partially abandoned.’

What makes hard and fast boundaries hard to draw, they continue, is that utility tokens combine a customer payment mechanism (similar to currencies), a utility aspect (within an ecosystem or platform) and an investment component (as a tradable asset) — all in one instrument. From a regulatory perspective, the line between currencies, financial assets and consumption goods therefore becomes blurred.

In the second part of their paper, the researchers look at ICO and IEO crypto financing models. Here, they point to the reasonably high trading volume of tokens issued via either route, well after the offering itself. Regulators should therefore treat these assets as tradable securities.

“According to BitPay Chief Marketing Officer Bill Zielke, the payment processor facilitated $1 billion worth of cryptocurrency transactions in 2019.

Likewise, a Coinbase spokesperson said Coinbase Commerce processed $135 million worth of cryptocurrency payments for thousands of merchants in 2019, which represents a 600 percent increase in the number of unique transactions via Coinbase Commerce since 2018. As such, Coinbase is looking to build out its merchant services in 2020.

In 2020, we’re hyper-focused on providing a complete merchant experience with business features and insights, better serving other geographies with internationalization, adding more currencies.”

“Major United States-based cryptocurrency exchange and wallet service Coinbase is allegedly not letting some users withdraw more than $10 per day.

Cointelegraph asked Coinbase to provide an official statement on the matter but did not receive an immediate response.”

“A new Minecraft server allows players in the blocky universe to compete against one another to find hidden treasure and receive a bitcoin reward.

Users pay $1 in bitcoin for an in-game life. Entry fees are collected and most will go towards a specific treasure wallet address, which is awarded to the player who finds the loot first.”