In a recent round of funding, the Ethereum Foundation handed out grants to eight projects in preparation of the eventual Ethereum 2.0 upgrade. The foundation also created three bounty offerings for various security-related challenges.
Crypto exchange Binance has announced it will launch Binance Lending. The service will allow users to lend out their dormant holdings and earn interest in return. The service will launch with support for Tether, Binance Coin, and Ethereum Classic.
With the launch of Panvala’s mainnet, developers in the Ethereum community can essentially pitch their projects aimed at resolving some of the network’s lingering issues, and members of the Panvala community can vote to fund the project with Panvala’s own Ethereum-based token, PAN.
Data firm Nomics has announced the launch of its transparent volume service, which calculates the percentage of real volume traded on crypto exchanges to push back against the trend of faked trading volume.
Last Thursday, former Overstock CEO Patrick Byrne announced his resignation as both the head of the online retail giant and a member of its board. With a change in leadership, Jonathan Johnson has taken over as the new CEO, affirming that the company’s blockchain-based efforts will continue as planned.
Westwood, California, resident Kunal Kalra has pleaded guilty to running an unlicensed bitcoin exchange and ATM. Kalra allegedly took part in $25 million worth of trading without obtaining a money-remitting business license or implementing any anti-money laundering processes.
Switzerland’s Financial Market Supervisory Authority has released updated know-your-customer (KYC) and anti-money laundering guidelines, requiring blockchain service providers to conduct KYC checks and notify the Money Laundering Reporting Office Switzerland should they identify suspicious activity on their platforms.
The Central Bank of Brazil has adopted the International Monetary Fund’s crypto classification guidelines, meaning traded cryptocurrencies within the country will be classified as non-financial products and, as such, will be counted as goods on the central bank’s balance sheet.
With at least 40% of all issued Tether stablecoins running on the Ethereum network, the controversial but popular coin has begun testing the blockchain’s capacity, making it tough for developers to work on the network.
Last week, six members from the US House of Representatives’ Financial Services Committee met with Swiss regulators, including the Federal Data Protection and Information Commissioner and the Financial Market Supervisory Authority, to discuss Facebook’s Libra project. According to Representative Maxine Waters, the meetings did very little to convince US lawmakers Continue Reading