10 July

“One of the world’s largest cryptocurrency exchanges is said to be preparing to list on the U.S. stock market sometime in early 2021.

Sources said Coinbase had already begun the process for a listing; it isn’t clear on which exchange venue this would take place. Rather than an initial public offering, it’s said the firm would prefer to go down the route of a direct listing on an exchange.

Should it be approved, Coinbase would be the first crypto exchange to go public in the U.S.”

“The London Stock Exchange Group (LSEG) added 169 digital assets to its SEDOL Masterfile service, a global database that assigns unique identifiers to financial instruments.

The assignees included digital currencies (such as bitcoin), “digital platforms” that allow issuance of multiple assets (such as Ethereum) and security tokens. The seven-digit alphanumeric codes help LSEG’s customers keep track of traded assets from execution to settlement.

The addition of bitcoin and its ilk to the database, in response to customer demand, is a sign that institutional investors are slowly embracing the asset class.

Naturally with the gradual institutionalisation of digital assets, a number of our clients were starting to invest in that space, so we felt it was an appropriate time to add these to SEDOL.”

See Also: ING Joins Crypto Industry Body Working to Set Codes of Conduct


“The CENTRE Consortium blacklisted a USDC address in response to a law enforcement request, freezing $100,000 worth of the stablecoin. The incident underscores the limits of decentralization when regulated businesses interact with permissionless networks.

Centre can confirm it blacklisted an address in response to a request from law enforcement. While we cannot comment on the specifics of law enforcement requests, Centre complies with binding court orders that have appropriate jurisdiction over the organization.”

Bitfinex will have to face allegations from New York State that it hid millions in lost funds. New York prosecutors alleged in April 2019 that Bitfinex lost $850 million in client and corporate funds, and then used money from affiliated stablecoin Tether to cover the loss.

In its decision, the appeals court rejected the argument that tether was neither a commodity nor a security, and affirmed the stablecoin falls under the court’s jurisdiction.

We will respect the court’s order. We have no further comment on this matter at this time.”

ETH TA: Testing Longterm Trends

“The PieDAO platform, a decentralized application built atop the Ethereum blockchain, produces its own incarnation of digital tokens called “pies.” They work like tokenized investment funds whose value is linked to a basket of other digital tokens, which in turn are sourced from a decentralized liquidity pool.

In April the project rolled out its first pie, called BTC++, which is backed by tokenized versions of bitcoin. And stakeholders in the project have since pushed out a second pie called USD++, backed by U.S. dollar-linked stablecoins.

Instead of ‘trusting’ a single authority like an asset manager, you are trusting the wisdom of the crowd with these decentralized autonomous organizations. Is it proven? No. Is it interesting and can potentially be disruptive? Yes.”

“Orchid said users of its app would be able to make in-app purchases to get VPN bandwidth. The in-app purchases would essentially work like gift cards for the OXT token, Orchid’s cryptocurrency used for transactions on its network.

Orchid uses the Ethereum blockchain to enable users to buy and sell VPN bandwidth using its OXT token.”

“‘Braver’, designed as an adware-free fork of the Brave Browser, has allegedly been forced to rebrand due to legal threats. Braver rebranded itself to ‘Bold Browser’ earlier today citing legal threats from a ‘certain party.’

We plan to make Bold a Chromium-based browser that contains the features that people expect from privacy-respecting ad-blocking browsers, with next generation integrations (such as web3 and ipfs), without any advertising programs or token reward schemes.”