7 April

“Justin Drake, one of the researchers working on Ethereum 2.0, shared a poll earlier today, showing that 86% of those surveyed are in favor of fast-tracking the update to launch in 2021. Respondents included Vitalik Buterin, Danny Ryan, and other Ethereum researchers.

I am confident we can ship the merge in 2021.

Ethereum will shortly deliver economic innovation that promises to bring orders of magnitude improvements to economic security and economic efficiency.

The initial Ethereum 2.0 roadmap planned for launching sharding ahead of the merge of Ethereum mainnet and the Beacon chain. Ethereum’s latest plans involve fast-tracking the merge ahead of sharding.

Proof-of-stake will make Ethereum more scalable and significantly reduce its environmental impact, something that the blockchain will likely need before it receives widespread mainstream approval. Other reasons behind the advancement are the option to make a relatively simple merge to remove Proof-of-Work and the costs—economic and ecological—of operating Proof-of-Work. With ETH trading above $2,000, the current mechanism costs ETH holders over $1 billion monthly.

Ethereum launches Berlin on Apr. 14. After that, based on the latest plans, EIP-1559 and the proof-of-stake merge will follow. The introduction of sharding would then finally mark the completion of Ethereum 2.0.”

“All the numbers published Tuesday ahead of a public listing next week point to a business riding high as interest in cryptocurrency tracks upward with the price of bitcoin, ether and other leading assets.

On the retail side, the company will be adding more assets and giving people more access to decentralized finance (DeFi) applications, Coinbase CEO Brian Armstrong said during Tuesday’s earnings call. On the institutional side, the company will continue to build out its prime brokerage offering and use its Bison Trails acquisition to create what Armstrong called the “Amazon Web Services for crypto.”

The first quarter more than doubled monthly users sequentially and revenue followed three times higher than the previous quarter.”

“The native token of decentralized oracle network Chainlink fills the void left in the fund after the removal of XRP. The Digital Large Cap Fund has assets under management (AUM) of $538.2 million.

In the last 24 hours, the price of LINK is up 4.29% is currently trading at $32.25. It’s risen more than 190% this year.”

Signal is launching a payments feature using MobileCoin (MOB). The goal of MobileCoin, which is based on Stellar blockchain technology, is to be able to work efficiently on mobile devices while also protecting users’ privacy.

I’m terrified for Signal. Signal as an encrypted messaging product is really valuable. Speaking solely as a person who is really into encrypted messaging, it terrifies me that they’re going to take this really clean story of an encrypted messenger and mix it up with the nightmare of laws and regulations.

Users can link a MobileCoin wallet to Signal, send funds, receive funds, [and] keep track of their balances. At this time, the payment feature will only be available to users in the U.K., and only on iOS and Android. MobileCoin is currently only trading on FTX.”

See Also: Several Stellar Nodes Go Offline, Team Says Network ‘Still Functioning’ Though Some Transactions Fail

New York State-regulated Paxos Trust Company has used blockchain technology to achieve same-day settlement for a selection of U.S. equity trades, with the help of Credit Suisse and Instinet. Paxos will apply for full clearing-agency registration with the SEC, and hopes to secure registration in 2021.

Settlement in U.S. equities is opaque and laden with unnecessary delays, capital costs and expenses. We are working hard to improve settlement for the benefit of all market participants.

An upgraded settlement system can create safer, fairer and more open capital markets that foster innovation. Modern technology makes the risks of the current system obsolete while also enabling greater trading liquidity with greater ownership transparency.

For a couple of years now, Paxos, Credit Suisse and Instinet have been advancing simplified settlement of trades using a blockchain (Paxos Settlement Service is built using a homespun variant of Ethereum code). The Paxos permissioned blockchain system is interoperable with the legacy clearing system.”

The Sacramento Kings are set to become the first major sports franchise to offer a bitcoin payment option to all players and staff.

The move would strengthen the Kings’ longstanding claim to being one of the most crypto-forward teams in professional sports. The California National Basketball Association team began selling everything from tickets to hot dogs for bitcoin in 2014, and in 2019 launched rewards token for fans.”

The 80-year-old company, in which Mudrick led a $250 million investment at a $1.3 billion valuation, has long sold baseball cards and other physical collectibles, but on Tuesday its new investor, Jason Mudrick said he’s betting on the digital front: through the buzzy market for NFTs.

The company will reinvest in blockchain and NFTs as a “growth accelerator.” The card company anticipates pushing more content through the blockchain pipeline, expanding NFT distribution across marketplace partners like Wax and OpenSea and integrating NFTs into more collector experiences through 2021.

Ending up as a leader in this area will still require quite a bit of vigilance and investment but we like our head start.”

See Also: Sotheby’s Plans Its First NFT Auction With Artist Pak and Nifty Gateway
See Also: Real-world data comes to NFTs as street artists geotag their work
See Also: In Europe, Football NFTs and Tokens Are No Fantasy

“The aim is for USDT to be the first-ever stablecoin on the Polkadot network. Kusama launched in 2019 as a pre-production environment to Polkadot, known as a ‘canary network.'”

‘View keys’ give the holder read-only access to all activity associated with that particular account. Iron Fish (and other privacy coins) also support encrypted memo fields facilitating compliance with the FATF rule (Travel Rule) for Virtual Asset Service Providers (VASPs) by allowing them to keep a record of information for the reason behind transfers.

Just like in the real world when law enforcement would go acquire records when a suspicion of a crime occurs (e.g. acquire bank records for an organization or individual), so can law enforcement go to an exchange or other crypto-issuing body and acquire ‘view keys’ for an account (which Iron FIsh supports).

As we continue to add features, Iron Fish will become a shielded layer for many assets, even ones on different chains, and provide a platform for true digital cash (via fully private stablecoins).”

“Former BitMEX CEO Arthur Hayes surrendered to U.S. authorities in Hawaii to face charges he failed to take proper steps to safeguard the cryptocurrency exchange he co-founded from being used for money laundering. Each charge faces a maximum sentence of five years in prison.

Hayes was released on $10 million bond pending court proceedings in New York.”