13 May

“Chainlink (Link) announced the launch of a verifiable random function (VRF) that enables generation of on-chain trusted randomness.

Choosing the right source of randomness is paramount in building secure and fair applications. Until now, even decentralized applications had to rely on a centralized source of randomness.”

“JPMorgan is now providing Coinbase and Gemini’s U.S. users with deposits and withdrawals via wire transfer and automated Clearing House (ACH) transactions. It’s also helping the exchanges with cash management services.

The move by JPMorgan is notable in a nation where banking services are hard to come by for any firms dealing with cryptocurrencies, which are viewed as a high risk by the banking industry. With cryptocurrency firms now accepted by a major bank, it’s possible other institutions may follow suit.

Banks not only have the ability, they have an obligation to serve all lawful businesses. They shouldn’t be discriminating because something’s a new technology.”

“The programs mean that the Fed, for the first time in its history, will buy ETFs to artificially maintain a semblance of normality in the market. The scale of the intervention saw pointed criticism almost as soon as it was unveiled.

The Federal Reserve is presently acting in blatant non-compliance with the Federal Reserve Act of 1913. An institution violating the rules of its own charter is de facto admitting that said institution has failed and is fundamentally broken.”

See Also: Erik Voorhees: Bitcoin will Replace the Fed’s ‘Pre-mined’ Dollar

“Despite concerns over mining after the halving, the health of the Bitcoin network remains excellent. The report points out that the hashrate has quickly recovered after the initial post-halving drop.

See Also: New Cryptic Chinese Operation Instantly Becomes Sixth-Largest BTC Mining Pool

“We are now offering a service that allows certified copies of Marriage Licenses/Certificates to be emailed and received within minutes.

The pdf is digitally sealed by Titan Seal using a cryptographic hash on the Ethereum blockchain. The hash is a unique number that can only be generated from your certified copy of your Marriage License/Certificate.”

“Total assets under management in crypto funds grew from $1 billion in 2018 to more than $2 billion by the end of 2019. The average per fund also doubled, jumping from $21.9 million to $44 million. 

The report shows that of crypto hedge funds’ portfolios, 97% include Bitcoin trading, followed by 67% using Ethereum. The study found that crypto fund launches are highly correlated with the price of Bitcoin. When bitcoin price spiked in 2018, more funds were launched.”

“The value of assets for all stablecoins surpassed $10 billion Tuesday, having surged by over 70% in just two months. Most of the stablecoin growth comes from tether, which represents almost 90% of the total stablecoin supply.

Altcoin traders have historically preferred to use bitcoin or even ether as the currency that prices other tokens. But during the past two years, that trend has shifted significantly. Now they mostly trade against stablecoins. A growth in trading stablecoin quote pairs coincides with considerable overall growth in total altcoin trading volume.

Stablecoins have always had an edge over bitcoin as a base trading pair because of its inherent price stability.”

See Also: Tether USDT Surpasses XRP as the 3rd-Largest Cryptocurrency

R3, the company behind distributed ledger technology (DLT) platform Corda, is edging ever closer to Ethereum. Under the new partnership, R3’s Corda software and “CorDapps” will run on Kaleido’s digital platform.

Kaleido provides so-called “consortium-as-a-service,” deploying blockchain networks via multiple cloud and hybrid platforms, and is working with the likes of Microsoft Azure and AWS.

Kaleido also plays host to the commodities-focused trade finance blockchain Komgo, which includes Citi, ING, MUFG Bank, Shell and others.”

See Also: Besu, the Marriage of Ethereum and Hyperledger

RenVM: Bringing Cross-chain Assets to DeFi

“Chorzempa highlighted the domestic goals of China’s blockchain strategy, describing the BSN as a means for China to keep abreast of innovations within the distributed ledger technology sector while restricting the penetration of foreign firms and protecting against capital flight.

Another element of it is about control of the financial system. Alipay and WeChat Pay are now dominant retail payment providers in China.”

See Also: Mauritius Central Banker Confirms Island’s Digital Currency Plans
See Also: Bank of England: No Compromise on Our Principles for Any Future CBDC

TON is officially dead. Telegram founder Pavel Durov wrote in his public channel Tuesday that the Telegram Open Network (TON) project would be discontinued due to the company’s ongoing legal fight with the U.S. SEC.

Durov did not say whether all investors would be immediately refunded or how much they’d receive. Durov referenced third-party efforts to launch independent versions of the TON blockchain, but said no Telegram employee is involved with these projects.

While networks based on the technology we built for TON may appear, we won’t have any affiliation with them and are unlikely to ever support them in any way. So be careful, and don’t let anyone mislead you.”

“I envision a world where a Kevin Hart token can trade for a LeBron James token can trade for a Serena Williams token, and because we are all our own business, each token will have its own perks attached to it.

You know there might be a 5% dividend. here could be a utility value, maybe Lebron James offering an exclusive camp only for his token holders.”

“The stream was blocked and deleted six hours and 42 minutes into a nearly finished program. The agenda mostly went off without a hitch — fintech luminaries like Tim Draper, Roger Ver, Meltem Demirors and many more shared their time and opinions.

The specific reason given for terminating the video feed is that our blockhalving coverage was “harmful or dangerous content” that violated YouTube’s community policy.

YouTube is notorious for bans and censorship of crypto-related content, and it’s driven a number of crypto content creators to competing platforms that operate on decentralized principles.”