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“# Huobi Global looks to become key player in Polkadot ecosystem ” Two announcements from Huobi Global on Friday indicate that the cryptocurrency exchange is angling to become a key player in the growth of the Polkadot network. In a pair of blog posts, the Seychelles-based exchange announced a Polkadot Sponsorship program, as well as…
“# Facebook’s Diem stablecoin is an existential threat to traditional banking ” Facebook, it is reported, could launch its long-awaited digital currency as early as January 2021 in the form of a U.S. dollar-backed stablecoin. Central banks and regulators have been galvanized into action since Facebook first announced its intentions by publishing a white paper…
“# It’s time to mature: We need compliant decentralized finance ” The crypto space is an incredible, albeit risky, learning environment. Its volatility serves as a dire warning to those who like to test how deep the pool is by jumping in headfirst. Old guards constantly warn newcomers: “Take it slow, learn the basics and…
“# Upcoming Cardano hard fork to introduce ‘token locking’ ahead of Goguen ” IOHK, the development arm behind Cardano, recently announced a new hard fork of the protocol scheduled for mid-December. Kevin Hammond, a software engineer at IOHK, revealed this week that Cardano will undergo a hard fork later this month as part of its…
“# DeFi and Eth 2.0 are whole new convos for regulators, says SEC’s Hester Peirce ” Hester Peirce, commissioner for the United States Securities and Exchange Commission, explained during an exclusive interview with Cointelegraph that decentralized finance, also known as DeFi, has created new challenges for the SEC. Peirce, nicknamed “Crypto Mom” for her interest…
“# China Construction Bank’s blockchain bond efforts take a new direction ” China Construction Bank, the world’s second-largest bank by assets, is cooperating with Malaysian and Singaporean partners to test blockchain technology for use in the bond market. As previously reported, China Construction Bank’s branch in Labuan, Malaysia, had initially pursued a partnership with a…
“# UN blockchain tool aims to improve land registry in Afghanistan’s cities ” The United Nations has released a blockchain-powered solution to help the Afghan government manage property ownership issues in the country’s urban areas. According to a Dec. 2 announcement, the U.N. Human Settlements Programme, or U.N.-Habitat, will present its new digital land registry…
“# Swiss National Bank and BIS complete digital currency proofs-of-concept ” The Bank for International Settlements and the Swiss National Bank and are exploring the benefits of implementing a central bank digital currency, or CBDC, using blockchain technology. According to a Dec. 3 announcement, the BIS Innovation Hub Swiss Centre, or BISIH, has successfully completed…
“# Gavin Wood: Polkadot is a ‘bet against blockchain maximalism’ ” Polkadot doesn’t have to be an “Ethereum killer” to succeed, according to protocol founder Gavin Wood. In a “fireside chat” with podcaster Laura Shin during the Polkadot Decoded business summit on Thursday, Wood was asked whether his protocol could exist alongside Ethereum given its…
“# DeFi project Aave unlocks collateral with version 2 release ” The decentralized finance niche of crypto has boomed in 2020, paying users interest on locked funds (collateral) in exchange for loans. DeFi protocol Aave recently unveiled its second version, V2, adding further potential to the sector. “In DeFi, assets that were being used as…