“Outgoing U.S. President Donald Trump has nominated Acting Comptroller of the Currency Brian Brooks, an advocate for crypto-friendly reforms, to lead the national bank regulator on a permanent basis.
Brooks has been serving as Acting Comptroller after his predecessor, Joseph Otting, announced his decision to step down in early May. The U.S. Senate Banking Committee oversees the OCC, and will likely hold a confirmation hearing before the entire Senate votes to confirm or reject Brooks’ nomination.
Since being named Acting Comptroller by Treasury Secretary Steven Mnuchin, Brooks has made a number of moves to integrate crypto with the historically gun-shy banking sector.”
“The top 10 decentralized applications (dapps) on the Ethereum blockchain have reached 1,017,760 daily active users on average over the past month.
Unsurprisingly, decentralized finance (DeFi) platforms accounted for over 94% of this activity.”
“Open interest, or the total number of outstanding derivative contracts, on CME Group’s bitcoin futures market reached its highest level since mid-August as iconic players in traditional markets, like Stanley Druckenmiller and Bill Miller, expressed optimistic opinions about bitcoin.
CME’s growth relative to other exchanges is ‘indicative of institutional investors wanting exposure to bitcoin.'”
“A closed-end investment fund, it will invest directly in bitcoin and will be priced using the Bloomberg Galaxy Bitcoin Index.
The firms aim to bring fund investors access to bitcoin via an “institutional-quality” platform.”
“The company’s future success will … depend on our ability to adapt to emerging technologies such as tokenization, cryptocurrencies [and] new authentication technologies.
It further lists distributed ledger and blockchain technologies, as well as biometrics, artificial intelligence, virtual and augmented reality and cloud technologies, as being possibly key at a future time.”
“With this release, a new range of new assets and chains enter the world of interoperability: Bitcoin (BTC), Bitcoin Cash (BCH), DigiByte (DGB), Dogecoin (DOGE), Filecoin (FIL), Terra (LUNA), Zcash (ZEC) on Ethereum.
With the release of the Multichain into RenVM, adding new assets will be increasingly more efficient. Achieving interoperability from one chain to another was just the beginning, and now, RenVM is beginning to take the first concrete steps towards a fully connected ecosystem of chains.”
“The total value of assets locked in leading decentralized exchange Uniswap has plummeted by 38% in 24 hours amid the conclusion of its UNI liquidity rewards program on Nov. 17.
Meanwhile, “vampire” clone SushiSwap has doubled its TVL and is aggressively pursuing additional liquidity.
Following the sharp decline in Uniswap’s liquidity, token holders have embarked on the process of voting for a new governance proposal that seeks to reinstate rewards. The new proposal cuts the amount of UNI rewards in half compared to the former program.”
“At the beginning of October, we invited the Ethereum community to join us at ETHOnline, ETHGlobal’s largest event of 2020. After HackMoney and HackFS, ETHOnline was our third longform virtual hackathon in 2020.
- Over 1,000 Applications
- 710 Hackers participating
- participation from 65 countries, 19 timezones
- 175 Project Submissions
- 39 hacker focused events (Playlist here): workshops, AMAs, brainstorm / team formation/ feedback sessions
- 36 judges (Judging Sessions Playlist here)
- 12 Finalists (see their Finale presentations here)
We were amazed to see the high quality of submissions across the board. Check out the Finalist list below.”
“Chinese conglomerate Tencent Holdings is joining forces with blockchain company ShareRing to launch a new digital identification system to streamline international travel amid the COVID-19 pandemic.
Specifically, ShareRing will use Tencent Cloud’s optical character recognition and facial recognition technology to help improve its “self-sovereign identity app.”
Blockchain is said to provide more secure management and storage of digital identities, which may enable seamless travel, background checks, health record collection and streamlined Know Your Customer protocols.”