3 December

Visa on Wednesday said it is linking its payments network of 60 million merchants to the USDC stablecoin.

While Visa itself won’t custody any USDC, Circle will be working with Visa to help certain Visa credit card issuers integrate the USDC software into their platforms and send and receive USDC payments.

Eventually, Visa will support the issuance of a credit card that lets businesses send and receive USDC payments directly from any business using the card.”

“CEO of BlackRock Larry Fink said bitcoin has “caught the attention” of many people and that the cryptocurrency market was still relatively small compared to others.

Fink also said having a digital currency has a real impact on the U.S. dollar, making it less relevant on a global scale for international holders of dollar-based assets. He also raised the question: “Does it change the need for the dollar as a reserve currency?”

BlackRock is the world’s largest asset manager with over $7.4 trillion dollars in assets under management.”

“Interviewed by New York Times columnist Andrew Ross-Sorkin for the online 2020 tech conference, Schulman anticipated digital currencies soon entering the mainstream and becoming an everyday payments tool.

I think that if you can create a financial system, a new and modern technology that is faster, that is less expensive, more efficient, that’s good for bringing more people into the system, for inclusion, to help drive down costs, to help drive financial health for so many people… So, over the long run, I’m very bullish on digital currencies of all kinds.

As we thought about it, digital wallets are a natural complement to digital currencies. We’ve got over 360 million digital wallets and we need to embrace cryptocurrencies.”

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“Buterin’s roadmap encompasses all Ethereum developments to provide a detailed overview of what’s next for the platform, including approximate completion bars. A lot of the work is done in parallel, meaning scalability is closer than it seems.

Key features of the next major milestone are the transition of Ethereum 1.0 to proof-of-stake, the introduction of Eth2 light clients on Eth1, and data sharding — all of which were previously grouped under Phases 1 and 1.5.

Enormous scalability improvements can be achieved by executing on the latter two features, as they would enable hosting rollups on a sharded data structure. Rollups are a layer-two technology that offloads computation outside of the chain but guarantees its correctness through proofs stored on-chain. Due to this, data sharding vastly increases the rollups’ room to maneuver and could enable more than 10,000 TPS as soon as light clients and data sharding are introduced.”

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The 18-page bill would specifically require stablecoin issuers to obtain a banking charter; require approval from the Federal Reserve, Federal Deposit Insurance Corporation and bank regulator to issue a stablecoin; require those same entities to conduct an ongoing analysis of any systemic risk; and require issuers to have FDIC insurance or maintain reserves for easy conversion back into U.S. dollars.

A number of stablecoin issuers currently operate in the U.S. without banking charters, including the CENTRE consortium. Algorithmic stablecoins like Basis.Cash or crypto collateral tokens like DAI would also appear to fall under this bill. Circle CEO Jeremy Allaire said the bill “would represent a huge step backwards” by limiting industry innovation.

Forcing crypto, fintech and blockchain companies into the enormous regulatory burdens of Federal Reserve and FDIC regulation and supervision is inconsistent with the goals of supporting innovation in the fair and inclusive delivery of payments that comes from stablecoins.”

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“The game is F1 Delta Time, developed by Animoca Brands, and the specific piece of track from the Circuit de Monaco. The NFT was in the “Apex”-tier and it will reward its owner with 5% of all gameplay fees and 4.2% of elite staking yields from players’ deposits—both paid in Animoca’s REVV utility tokens.

This is the highest price ever paid for a game-based NFT, branded game NFT, and, potentially, any NFT.”

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The move that will increase liquidity and perceived affordability of the shares.

When the stock split takes effect, there will be 265.5 million ETHE shares with each representing 0.01031643 of an ether token, a ninth of its current value.”

“The universal basic income, or UBI, project from GoodDollar has reached more than 40,000 people from 180 countries since it launched in September.

The project mints its G$ tokens through interest generated by third-party permissionless protocols from a basket of crypto assets. Individuals and corporate supporters receive market-rate yield payouts in G$, and a daily amount is set aside for distribution as digital UBI for GoodDollar participants.

Although at an early stage in its lifecycle, all signs point towards GoodDollar demonstrating that a digital basic income can work at scale.”