25 November

“The biggest update in Ethereum’s history will begin its first phase on Dec. 1.

I would say we are comfortably half-way through the overall effort to make Eth 2 feature complete. The research (which lasted years!) is largely done and the phase 0 genesis is definitely a significant implementation milestone.

Phase 0 lays the heavy-duty foundations (signatures, Merkleisation, networking, Eth 1 deposits, randomness, PoS, etc.). Many of the upcoming hard forks will layer relatively thin infrastructure on top of these foundations.”

See Also: Ethereum 2.0 Deposit Contract Secures Enough Funds to Launch

“According to Fidelity’s surveys, institutional investors showed “some interest” in Bitcoin in 2018 which somewhat increased in 2019. However, it was the tumultuous 2020 that became the defining year and a “watershed moment” for institutional adoption of Bitcoin, Sandler noted.

Among the main contributing factors, Sandler cited the coronavirus pandemic, a shift toward a more “productive” approach to regulation, and Bitcoin endorsements from famous established finance companies and personalities.

What we did see in 2020 was a broader adoption of that ‘digital gold’ narrative, it began to resonate with other pockets of institutional investors, namely hedge funds, ultra-high net worth individuals and subsequently family offices.”

See Also: Visa CEO Looks Ahead at the World of Crypto
See Also: Bitcoin Breaks $19K, New All-Time High Seems Imminent

The new crypto lending platform will allow users to lend their crypto to SBI and earn interest at a rate of 1% with taxes included. [🤣]

The new service, dubbed VC Trade Lending, will initially support the major cryptocurrency Bitcoin (BTC), with SBI further planning to add support for Ether (ETH) and XRP.”

See Also: Gazprombank Switzerland Executes First Bitcoin Trades, Announces Payments Initiative

“Libra’s potential for rapid mass adoption across multiple jurisdictions would require authorities to develop dynamic and adaptable tools for supervision and enforcement, the analysts wrote. While challenging, they argued that the nature of the digital stablecoin can itself offer new enforcement mechanisms.

This “embedded supervision” would make a direct and automated data reporting provision a registration requirement for all prospective stablecoin issuers.

“dHEDGE is a non-custodial social trading platform that allows users to choose asset managers to pool their funds with. The managers’ past trading performance is available for scrutiny.

The investors and the DAO will collectively invest $1.15 million into an initial cohort of 33 fund managers operating on the platform.

Decentralized asset management is set to become a core primitive in the DeFi space.”

See Also: Yearning for Pickle? Two DeFi Protocols Merge

“The exchange pointed to “recent guidance” from the CFTC, referring to the Commission’s March guidance around “actual delivery” of digital assets as the reason for this decision, but didn’t specify which aspect of the guidance led to the move.

Essentially, Coinbase would have to register with the CFTC as a commodities exchange if it wants to continue offering leveraged products.”

See Also: IDEX Plants a Flag for a Multichain Future, Beginning With Binance Chain and Polkadot

The world’s first livestreaming platform dedicated to cryptocurrency is going live just in time for the 2021 bull market.

Ran Neuner, host of CNBC’s Crypto Trader show, has launched the first call-in media channel devoted exclusively to cryptocurrency. Dubbed Crypto Banter, the station features a blend of news, opinions, interviews and live discussions with industry leaders.

Banter is designed to bring the banter from Crypto Twitter and Telegram to a credible, moderated AV medium. It is designed to filter out the noise and bring information that people can trade on to a live streaming medium.”

See Also: YouTube Channel

“Nigeria’s Finance Ministry is reportedly in talks with the country’s securities regulator to develop a new framework for blockchain and cryptocurrencies — a move that could accelerate adoption in Africa’s largest economy.

Bitcoin (BTC) and other cryptocurrencies are witnessing growing adoption in Nigeria as the country struggles with capital controls, devaluation and new protests targeting police corruption.”

“Australia-based West Coast Aquaculture (WCA) has completed an A$5 million (US$3.65 million) initial public offering, becoming the first firm in the nation to use cryptocurrency for its capital raise.

Fintech firm STAX said it had assisted WCA in raising just over 89%, or just over A$4.4 million (US$3.2 million), of the total raise via the stablecoin tether (USDT).

The successful WCA capital raise and IPO, paves the way for the future of capital markets in Australia.”