“The smart contract that will trigger the first phase of Ethereum’s most ambitious upgrade yet has nearly accrued enough funds to activate.
The Ethereum 2.0 deposit contract currently holds [461,760 ($280 million)] of the requisite 524,288 ETH required to activate Ethereum 2.0’s beacon chain, the central nervous system of the completely rebooted network.
If the deposit contract reaches 100% of the necessary deposits by Nov. 24, then the Beacon chain will go live Dec. 1.
The activation event can be triggered after this timeframe as well, so if the deposit contract hits its minimum on Nov. 25, for example, then the Beacon chain will activate on Dec. 2 (or if the threshold is reached by Nov. 26, it will activate on Dec. 3, and so on).”
See Also: Deposit Contract Status
See Also: Ethereum Price Hits $600 for First Time Since June 2018
“PayPal will begin allowing users to transact with crypto as a funding instrument across 28 million businesses early next year.
Schulman said central bank digital currency is a global inevitability. As that happens, ‘you’ll have more and more utility happen with cryptocurrencies. Both may play important roles going forward.'”
See Also: PayPal CEO Talks Bitcoin on CNBC (Video)
“One of GnosisDAO’s key marketing points is its integration with the Gnosis prediction markets. Because any protocol change will have an associated prediction market where traders are betting on its impact, Gnosis users can judge a proposal based on the market’s attitude (whether traders overall think it’s good or bad for Gnosis).
This governance model, called futarchy, proposes the efficacy of democratically elected officials or policies should be tested by prediction markets; in other words, prediction markets create a barometer for success or failure of policies, which voters can then consult to augment their decision-making.
People can influence [a vote] with their trading decision. As a new proposal is on the table, people can already signal whether they would buy or sell the token (GNO) if the proposal was implemented. It is basically the most direct way to ask ‘the market’ for feedback on a proposal.”
“As Treasury Secretary, Yellen could shape how some of the financial regulators approach crypto.
While she’s said in the past that she’s not a huge fan of bitcoin, Yellen is on record as saying she believes the U.S. financial regulators should allow blockchain and cryptocurrency projects to develop, saying in 2015 the Fed and other regulators might have “limited authority” over digital currency systems.
Two years later, she said blockchain is an important ‘new technology that could have implications for the way in which transactions are handled throughout the financial system.’
It’s unclear how Yellen might view the crypto space at present.”
“This bull run is indeed different from 2017, though that doesn’t mean we won’t see another peak-and-trough cycle. Signals that hint at the kinds of investors who are participating indicate we may be earlier in the cycle than we were when bitcoin hit its all-time high three years ago.
The current patterns of new, larger and longer-term investors’ growing involvement is likely to continue, but bitcoin and downmarket cryptos will be risk-on investments for the foreseeable future.”
“We are a regulated Swiss firm that offers an insured savings product to traditional financial institutions, with higher rates than in a bank.
Aave’s innovative money market technology is the best way for us to bring our real-world offer to DeFi. We are going do this by tokenizing our insured real-world collateral and offering deposit (lending) opportunities to investors.
- Aave investors can put their crypto into an insured savings market.
- A safe savings account option should lead to increased financial depth in DeFi, resulting in lower system-wide volatility, and greater connections from Aave to other money legos.”
“On Dec. 12, a shopping festival known as “Double 12” in China, the city of Suzhou will hold a giveaway designed to gauge usability of the digital yuan.
The Suzhou event will trial additional aspects of the technology not activated in Shenzhen, including the digital yuan’s offline feature that allows users to touch smart devices to make transfers.”
“Economic nationalism, undertaken through import substitution, strict capital controls and stifling regulation, made financial institutions lethargic, their balance sheets anemic and their service ethic customer-unfriendly. Banks, insurance firms, consumer credit institutions and cooperative agencies of Latin America have long suffered with such inefficiencies.
By decentralizing the financial sector and putting trust in distributed ledgers, there will be less need for traditional, inefficient and corrupt intermediaries like the financial services behemoths that that have long mismanaged the economy and injured depositors’ interests.”