31 October

Gazprombank, a bank from the fold of Russian energy giant Gazprom, is launching institutional cryptocurrency services in Switzerland.

Gazprombank (Switzerland) will later expand the offerings to more institutional and corporate clients, providing a custody service and bitcoin trading against fiat currencies. More cryptocurrencies are expected to be added.

We expect digital assets to become increasingly important in the global economy and, in particular, for our current and potential clientele.”

See Also: Mongolia’s largest bank to offer crypto-related services

“The Mate 40 line of devices will feature a built-in hardware wallet with ‘hardware-level security, controllable anonymous protection, and dual offline transactions.’

It’s the latest sign that the CBDC, developed by the People’s Bank of China, is likely to be technically ready for launch.

The Mate 40 was announced in October and will be the latest flagship from Huawei. A release date is still unclear, but prices are expected to start at just over $1,000. It’s not clear if devices shipped to other regions will sport the CBDC wallet.”

See Also: Chinese city seeks to power urban governance and more using blockchain tech

“Berlin is a hard fork of the current Eth 1.x proof-of-work (PoW) blockchain. A soft target of January is now in the works, following the planned launch of the Ethereum 2.0 beacon chain in December.

[Notably], EIP-2537 will no longer be included in Berlin. That EIP would make it easier for the Eth 2.0 blockchain and Eth 1.x blockchain to speak with each other by using a similar cryptographic setup.

Other important EIPs such as EIP-1559, which restructures Ethereum’s transaction model, will not be included in Berlin.”

“Options at a $40,000 strike price expiring in March 2021 and June 2021 went live on Deribit early on Friday. In effect, the new contracts will allow market participants to express a long-term bullish view on bitcoin.”

See Also: Deribit Sees Record Bitcoin Options Volume as Activity in $36K Calls Surge
See Also: FTX Raises ‘TRUMP’ Futures Margins as Price Suggests Lower Expectations of Election Win

“In a move to boost the liquidity in its $117 million IPO, INX has applied with the Canadian Securities Exchange to list its security token. The company expects to list the INX token on many other global exchanges, but the CSE will be the first.

This will provide dramatically higher access to capital and liquidity on a global scale.”

Forbes claims to have obtained a leaked presentation outlining Binance’s plans for operating in the United States. The document states that in 2018 — prior to the launch of Binance.US — the crypto exchange intended to set up a “Tai Chi entity” in the U.S. to act as a type of regulatory lightning rod protecting its main operations from enforcement.

While the then-unnamed entity set up operations in the United States to distract regulators with feigned interest in compliance, measures would be put in place to move revenue in the form of licensing fees and more to the parent company, Binance.

CZ disputed many of the claims, stating that the source was ‘not produced by a Binance employee.'”

“The proposed fix extends the delay between a proposal’s passing and its implementation from 12 hours to 72 hours, which would give the community enough time to review and veto an unfair vote.

This proposal comes after the team from BProtocol flash borrowed $7 million worth of MKR tokens from derivatives platform dYdX to swing a vote on Maker in their own favor.”

“The new system, called Full Transparency, is a blockchain-based, press release-recording system ‘designed to raise the bar for corporate accountability. It cryptographically bounds each press release to the blockchain, tracking and contextualizing subsequent edits.

It’s open-source, so other businesses can use it.”

dHEDGE is built entirely on the Synthetix protocol. With dHEDGE, investors can earn rewards by managing a portfolio of Synths or invest in the performance of other dHEDGE portfolios.

Portfolio managers on dHEDGE hold a pool of Synths and work their way to the top of the leaderboard by achieving growth. The more successful a portfolio is, the more likely other traders are to invest in it. The more traders invested in your portfolio, the more you can earn.”

Filecoin miners are paying large investors an annual percentage rate as high as 40% to borrow FIL. This dynamic has created a lending market and is leading to more questions about Filecoin’s economic model.

The lack of liquidity in tokens required to mine on the proof-of-stake storage network is forcing desperate miners to borrow FIL rather than going into the open market to purchase tokens.

There are very few tokens out there because the investments in the [initial coin offering] were done with a vesting schedule.

It’s just a temporary phase. Miners won’t need to borrow filecoin in the long run because they’re going to have so many FIL rewards as collateral.”