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“# Bitcoin will gain from distrust in traditional finance, says bank strategist ” Bitcoin (BTC) poses a significant threat to the world’s reserve currency, the United States dollar, according to a strategist at major American investment bank Morgan Stanley. Ruchir Sharma, chief global strategist at Morgan Stanley Investment Management, believes that the dollar’s reign is…
“# Yearn.finance report reveals two thirds of revenue comes from yUSD vault ” The first informal Yearn.finance quarterly report has been released by the community and reveals the DeFi protocol’s revenue is dominated by the yUSD vault. The report, spanning August 20 to October 20, was created by DeFi community members and has not been…
“#British tech firm founder gave $1.3B in shares to employees” The founder of a thriving British tech firm has doled out more than $1 billion to lucky employees in the past decade, making dozens of them millionaires, according to a report. Matt Moulding, who founded Manchester-based The Hut Group in 2004, said roughly 430 employees…
“# Today’s clients demand that banks show cybersecurity chops, says JPMorgan leader ” As internet banking comes of age, so too do new ways of stealing funds. That makes cybersecurity central to modern banking, according to David Leach, JPMorgan Chase’s Asia-Pacific head of cybersecurity and technology controls. “It’s a competitive disadvantage not to have a…
“# Oasis will collaborate with BMW Group to build ‘differential privacy’ ” Oasis Labs, the commercial venture closely related to the Oasis Protocol blockchain, announced a new data privacy project built in collaboration with BMW Group. Announced on Wednesday, the collaboration between the two companies aims to build a new method of accessing personal data…
“# Baseline Protocol unveils Ethereum interoperability, deployment will take time ” Enterprise blockchain applications are slowly but surely making their way to public networks, especially as new upgrades and features are being implemented into the Ethereum ecosystem. While Eth2 promises to bring scalability, security and capacity across the Ethereum network to advance enterprise use cases,…
“# European Commission taking bids for blockchain pre-commercial procurement ” The European Commission is inviting tenders for the European Union blockchain pre-commercial procurement, or PCP. In general, a PCP is a public sector purchase of research and development services to adapt new or emerging technology to its needs. This PCP will focus on developing a…
“# How do you use a block explorer? ” A blockchain, in its essence, provides a digital record of transactions. At present, this most often pertains to transaction records for cryptocurrencies like Bitcoin (BTC). The database of records, called blocks, is often touted for its transparency and immutability. But what do these features really mean?…
“# Standard Chartered to launch institutional-grade crypto custody in 2021 ” Standard Chartered, one of the biggest banks in the United Kingdom, has officially announced plans to provide institutional custody for major cryptocurrencies like Bitcoin (BTC). According to a Dec. 9 announcement, Standard Chartered’s innovation arm SC Ventures has partnered with United States-based investment management…
“# Algorithmic stablecoin project Neutrino launches staking for its governance token ” The Neutrino Protocol, a project building algorithmic cross-platform stablecoins, announced Tuesday the launch of staking rewards for its governance and utility token, NSBT. Neutrino uses an innovative mix of collateral backing and algorithmic supply changes to create a wide range of fiat-pegged stablecoins….