2 December

“The first stage of the next-generation proof-of-stake (PoS) Ethereum 2.0 is now live as of 12:00 UTC Tuesday. Tuesday’s launch is the culmination of years of sustained blockchain research.

The Beacon Chain will be the backbone of a new Ethereum blockchain, a network intended to keep pace with PayPal (PYPL) and Visa (V) in terms of processing speed, while rivaling them in terms of transparency and payment finality.

The launch of the Beacon Chain is a huge accomplishment and lays the foundation for Ethereum’s more scalable, secure, and sustainable home.”

See Also: Beacon Chain Explorer
See Also: Ethereum flips Bitcoin’s node count

“Nearly one-fifth of PayPal (PYPL) users have already traded bitcoin using the PayPal app.

Per the Mizuho survey, about 65% would use bitcoin as a currency at PayPal’s 28 million merchants; 17% of users have already used the app to buy and sell bitcoin.”

See Also: PayPal-Backed Identity Platform Acquired by Nevada’s Blockchains LLC

“The group, composed of 27 member firms, announced Tuesday it was changing its name to Diem (the Latin term for “day”) as it gears up for the potential 2021 launch of a single, dollar-pegged stablecoin. The organization has also finalized its leadership team.

Diem’s coin, when it launches, will be compliant with international regulations at the protocol level, Levey said. He said this means that compliance with regulations such as the Financial Action Task Force’s “travel rule” will be baked into the network, as will other features like consumer protection.

A revised white paper also reduces Facebook’s role. ‘While Facebook teams played a key role in the creation of the Association and the Libra Blockchain, they have no special rights within the Association.’ Levey believes regulators are warming up to the project, particularly through the changes and the implied distance from Facebook.

Libra is ready to launch its first stablecoin, the “Diem dollar,” as soon as the new entity is licensed through the Swiss Financial Market Supervisory Authority (FINMA).”

Bitcoin’s price—having started the month at $13,737—finished the month at $19,625, setting a new record. The record comes just a day after Bitcoin registered a new all-time high price.

Bitcoin just made its largest, and highest, monthly green candle in history.”

“In addition to combining technical features for market infrastructure, the merger would, among other things, combine both markets’ total value locked into a single lending pool. Both protocols would also share developer resources and hold each other’s tokens in their treasuries.

As Sushi focused on expanding their AMM ecosystem, and as Yearn focused on expanding their strategies, more and more overlap became apparent. Yearn needed custom AMM experiences for their strategies, and Sushi started pushing the boundaries of yield and money markets.

Cronje has spoken with SushiSwap’s de facto leader, a pseudonymous programmer named 0xMaki, about the merger, but Yearn and Sushi token holders from both communities will have to vote on the proposal to make it official.

Physically settled futures won’t become more popular until the exchange can offer physically traded futures on margin, Chippas said. ErisX is working with the U.S. Commodity Futures Trading Commission (CFTC) to allow the exchange to offer margin in the future.

In the meantime, the exchange is launching cash-settled bounded futures, which provide upper and lower bounds on gains and losses, protecting investors from large price movements.”

The Universal Protocol Alliance, a coalition of blockchain companies led by Uphold and including Bittrex Global, Ledger, Certik and Infinigold, announced the Universal Carbon (UPCO2) token Tuesday.

Each blockchain-based UPCO2 token represents a certified measure of carbon dioxide. They can be bought and held as an investment, or burned to offset a company or individual’s carbon footprint. Blockchain technology has been touted as a way to prevent the double counting (or double spending) of carbon credits in all areas and markets.

We are the first people in the world that are making these credits accessible to retail, and holdable.”

The European Union is one of the hottest regions in the world in terms of raising capital through token offerings, according to ICO Watchlist. And, as more and more companies choose to put the United States on the list of banned jurisdictions alongside countries like Afghanistan, North Korea and Syria, the EU is bound to become even more popular.

In the last year, European-based projects like Polkadot (Switzerland) and Bitpanda (Austria) have sold tokens worth millions of euros through initial coin (ICO) or initial exchange (IEO) offerings. Leading blockchain projects such as Ethereum and MakerDAO are supported by Swiss foundations.

There are good legal reasons why companies are attracted to Europe. For starters, there is no Howey Test. Most European regulators, particularly those in the DACH region (Germany, Austria, Switzerland), distinguish security tokens and payment tokens from utility tokens and acknowledge that utility tokens, for the most part, are not subject to financial services or capital markets regulations.

Unlike in the U.S., European regulators simply do not have a history of cracking down on token issuers. And token issuers are far less likely to get bogged down in private litigation in Europe.”

“Blockchair’s lead developer argues that because Taproot introduces a new “script” to Bitcoin – which dictates under which conditions coins can be spent – the Taproot coins will become distinguishable from other bitcoins.

If the change address script type is the same as the sending address but different from the recipient address then it’s easy to guess where the sender sent their coins. Blockchain analysis companies can figure out (or at least guess) where funds are going.

Bitcoin developers argue this is a concern that many have already considered. There are already many, many script types, each of which can be differentiated from others, and adding one more won’t be much of a issue, let alone a catastrophic one as Zhavoronkov describes it.

Bitcoin today already suffers from the situation described by that PDF, and Taproot improves the situation on balance. Taproot is a huge positive for privacy and it should be added to Bitcoin as soon as is safely possible.”

“The company’s intelligence team said a group called BISMUTH hit government targets in France and Vietnam with relatively conspicuous monero mining trojans this summer. Mining the crypto generated side cash for the group, but it also distracted victims from BISMUTH’s true campaign: credential theft.

Crypto-jacking ‘allowed BISMUTH to hide its more nefarious activities behind threats that may be perceived to be less alarming.'”

“CEO Barry Silbert tweeted Tuesday that the 30-second advertisement will be ‘running on major networks all over the country.’

Grayscale launched its #dropgold campaign in May 2019 when Bitcoin was trading at roughly $5,400. At the time, few institutional investors had come out publicly in favor of digital assets. Times have certainly changed.”