11 August

“The group, called Facebook Financial — or “F2” —will run its payments projects, including a planned Facebook Pay.

The division appears to be incorporating Facebook’s previous adventures in fintech under a single umbrella, with Marcus reportedly being in charge of both Novi, the wallet for Libra previously known as Calibra, as well as recent attempts to bring payments to the WhatsApp messenger.

The division’s immediate goal will reportedly be introducing payments via WhatsApp in developing countries such as Brazil and India.

“The Compound protocol is set to introduce Open Price Feed — a decentralized oracle whose crypto market prices will allow the project’s lending system to function.

The system relies on price reporters and posters. The reporters will be exchanges, initially just Coinbase Pro, who will regularly sign price data with their public key. Posters, on the other hand, will be responsible for publishing this signed data to the blockchain. Posters are permissionless, meaning that anyone could become one if they wish.

In addition to Coinbase Pro, the system also uses the on-chain Uniswap V2 price feed as a fallback. Other price data providers are expected to be onboarded via governance by COMP token holders.”

“The dramatic yet amicable breakup split the founding team into three companies, which may benefit Cosmos. There’s no denying this initial coin offering (ICO) project from 2017 is still impacting real people and their assets.

Cosmos blockchain technologies were used to “secure” $6 billion worth of assets by July 2020. The foundation committed nearly $15 million so far in 2020, on 36 grants to software developers like the team at Tendermint.

Interchain Berlin is perhaps the most focused team on the core infrastructure of Cosmos. At the moment, they don’t have any other business interests.

It remains to be seen whether the project will evolve, despite conflicting interests, into something that attracts user demand beyond niche crypto circles. For now, Rinearson said her team is focused on Inter-Blockchain Communication, which should be live and usable on the mainnet by the end of the year.”

“According to Keiser, a number of people in Asia are using Bitcoin to move their money out of the continent as geopolitical tensions risk affecting markets. The news comes amid reports of Chinese citizens illegally crossing into the United States with $28,000 worth of gold bars.

You can’t take it with you, unless it’s Bitcoin – then you can take IT ALL with you.”

“The New York Department of Financial Services website (NYDFS), state regulators have approved 8 cryptocurrencies for listing and trading. These tokens include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Binance USD (BUSD), Gemini Dollar (GUSD), Pax Gold (PAXG), and the Paxos Standard Token (PAX). The NYDFS also greenlighted the same coins for custody as well as XRP and Ethereum Classic (ETC).

Any entity licensed by DFS to conduct virtual currency business activity in New York may use coins on the Greenlist for their approved purpose.”

See Also: China’s National Blockchain Network Launches International Website

In-depth: Balancer

See Also: MakerDAO, Compound, Uniswap Leaders Talk DeFi’s Future (Video)

“Link’s 24-hour trading volume on Coinbase Pro is $163 million – nearly 70% higher than bitcoin’s trading volume of $96.48 million. However, link’s 24-hour aggregate global volume of $3.13 billion still amounts to just 17% of bitcoin’s global overall volume of $17.53 billion.

The sixth-largest cryptocurrency by market value has gained 68% in the last seven days alone. The token’s staggering 700% year-to-date gain makes bitcoin’s 61% price gain look meager by comparison.”

See Also: Messaging Firm LINE Makes Own Token Available to Japanese Traders for First Time

“The system will connect KEB Hana’s smartphone banking app, Hana One Q, for motorists to arrange their toll payments, defer them, or even receive toll fee refunds.

We will continue to expand customized non-face-to-face (contactless) services to the public by applying blockchain technology, which is part of the Korean version of the digital new deal policy to lead the global economy after the coronavirus.”

See Also: South Korean Beachgoers Can Now Use Bitcoin to Pay for Services

“As the bits settle, the proof-of-work blockchain’s future remains in question more than ever.

By striking twice, the attacker proved the blockchain has seemingly no ability to protect itself from meaningful exploits. When the network will be secure remains unknown. So, Ethereum Classic developers have encouraged exchanges to increase transaction confirmation times.

Ethereum Classic is exploring alternative mining algorithms, specifically replacing Ethash with SHA-3, which could help mitigate any further attacks. But until that transition happens, Ethereum Classic will remain vulnerable.”