4 December

The coming product is poised to become a hub for cryptocurrency pricing data at a time when more Wall Street investors than ever are searching.

We’ve been watching [the digital asset space] and we feel it’s at a point of institutional interest in maturity, where companies such as ours wants to get in and contribute to the transparency of the marketplace.”

“Joseph Lubin believes Eth2’s development will move quicker than many are expecting, predicting the new protocol will “absorb” Ethereum in “the not-too-distant future.”

People in the know around the ecosystem are very optimistic about how fast things could unfold, as the really complicated work has been done in launching Phase 0.

Lubin predicted that Eth2’s next phase will come online between nine and 12 months from now. He asserted the coming increase in the amount of data availability will enable layer-two networks to ‘massively increase the amount of transactions per second throughput that they can offer.’

Retail payments is incredibly exciting. ConsenSys has built architectures that can handle nearly 20,000 transactions per second on an Ethereum-based network.”

See Also: Rollups to preserve Ethereum’s DeFi monopoly despite competitors: Messari (Good read)
See Also: Ethereum transaction volume surpassed $41 billion in November
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“According to Lane, the predicted decline in COVID-19-fueled cash transactions has been happening more rapidly than the bank had previously expected. This could trigger the bank to issue a CBDC sooner that it originally planned.

The latest remarks by the deputy governor suggest that the Bank of Canada is shifting its stance toward a CBDC.”

See Also: Swiss Wholesale CBDC Trial Shows ‘Feasibility’ for Central Bank Money on Distributed Ledger, BIS Says

Tudor Jones said he is certain that sovereign digital currencies will dominate economies and finance in 20 years.

$500 billion is the wrong market cap [for bitcoin] in a world where you’ve got $90 trillion equity market cap and God knows how many trillions in fiat currency. I’m going to assume that it’s at the wrong price for the possibilities that [bitcoin] has and I’m going to assume that the path forward from here is north.”

See Also: Nigel Farage Has Become a Bitcoin Believer
See Also: Worsening US Dollar, Inflation Metrics Bode Well for Bitcoin’s Continued Rally
See Also: Swiss Firm Launches ‘No-Fee’ Bitcoin Exchange-Traded Product on Nordic Growth Market

“The new system enables banks to use existing infrastructure to provide better service 24/7, with faster speeds, clarity on fees and, crucially, predictability on when an end beneficiary’s account will be credited.

Despite these improvements, SWIFT’s innovations may not be happening fast enough. As the Financial Times observed in December 2018, SWIFT’s emerging competitors aren’t just limited to startups like TransferWise and Revolut but major financial institutions leveraging blockchain technology. The weaponizing of SWIFT through the aggressive use of sanctions has also compelled certain countries to pivot toward blockchain.

Unlike SWIFT, blockchain enables cross-border transfers in a decentralized fashion, which means payments are approved directly.”

This new version of Aave lets a borrower change their underlying collateral in a very user-friendly, gas-efficient way without ever leaving Aave. This is especially good if a long bet turned out to be a bad one.

You could swap your collateral from LINK to AAVE, from ETH to YFI.

Aave will also introduce additional nuance into its governance system and flash loans generally, while optimizing gas costs across the board.”

See Also: Loopring’s zkRollup AMM is Live
See Also: Theta Labs Launches Its Blockchain Video Delivery Platform in Beta

“Kraken said it will collaborate with Gitcoin, an Ethereum-based platform for community fundraising, to reward developers building the blockchain’s “most essential software.” Gitcoin maintains an open marketplace to connect developers and donors.

The exchange will match up to $150,000 in donations made in Gitcoin’s “Ethereum Infrastructure Tech” category in the eighth round of Gitcoin Grants.

With their generous contribution, Kraken is excited to give back to the volunteer developers building the infrastructure of the crypto economy.”

The new position is expected to play a key role in defining and implementing Spotify’s payments strategy as well as furthering the company’s involvement in Facebook’s recently rebranded crypto project, Diem. The position will also focus on wider digital assets and the crypto industry.

You will drive further consideration of new opportunities and innovation in the emerging ecosystem of distributed ledger technology, blockchains, cryptocurrencies, stablecoins, CBDCs and other digital assets.”

See Also: Stripe will offer bank accounts, with help from Goldman Sachs and Citi

Ledger Ups its Marketing Game

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“Now a permanent fixture of the regulator’s hierarchy, FinHub is poised to take on an even more expansive role. SEC said the shift “strengthens” its ability to adapt to ever-changing financial markets.

Our action to establish FinHub as stand-alone office furthers our commitment to facilitate the introduction of new technologies for the benefit of investors and the efficiency and resiliency of our markets.”

See Also: ‘New rules’ for SEC could follow example set by Wyoming, says Hester Peirce

Stablecoins and continentwide regulations are key to breaking down barriers to Africa’s economic growth.

Sub-Saharan Africa features a number of countries that vary wildly in technological and economic development. Lacking a common currency or trade laws, borders become barriers to trade and growth. It is also the region that is most expensive to send money to.”

See Also: Ride-Sharing Giant Cabify to Track and Offset Carbon Emissions Using Blockchain Platform