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Bitcoins and Pieces: s’Ether Day Edition

Ethereum News

  • Ethereum (ETH) co-founder Vitalik Buterin has transferred ETH 3,200, currently worth $1.2 million (Yup, you read it right!), to the newly launched ETH 2.0 deposit contract. This entitles him to be one of the first stakers and validators on the new Ethereum 2.0 blockchain, the first phase expected to launch on December 1 at the earliest. At the moment, there are ETH 39,141 staked, with ETH 485,147 more required for the launch limit.

Trading news

  • Jack Dorsey’s Square said its Cash App firm raked in USD 1.63bn “of bitcoin revenue,” as well as “USD 32m of bitcoin gross profit” in the third quarter of FY2020. The firm affirmed that the figures represented year-on-year rises of “approximately x11 and x15x respectively.”
  • Ripple has reported that the total XRP sales, net of acquisition, were USD 35.84m in the third quarter of 2020, compared to USD 32.55m in the previous quarter. According to the company’s quarterly XRP Markets Report, Ripple focused solely on its over-the-counter (OTC) sales and leases as part of providing increased XRP liquidity to specific RippleNet ODL customers, removing the need for pre-funding, they said.
  • Twitter-based crypto “influencers” are slowing down then price curve movements, per a new report. Researchers at consultant BDCenter mentioned that they checked at the relationship between 1.1m tweets posted by more than 100 crypto influencers with 10,000 followers or more between 2018 and June 2020. They hinted that the discoveries show that the crypto community generally meets snippets of wisdom Twitter in-the-know types with skepticism. The firm wrote that “Influencers follow the news, not create it. When they start tweeting about a certain coin more often, it’s because its price has changed – not vice versa.”

Mining news

  • The Russian hydroelectric power and aluminum behemoth En+ Group will turn its hand to crypto mining after forming a joint venture called Bit+ with BitRiver, one of Russia’s most significant bitcoin mining providers. Per a press release shared with, Bit+ has already begun its BTC mining operations, fuelled by 10 MWh in capacity from En+’s hydroelectric generators at a “facility located near BitRiver’s current data center in Bratsk, in the Irkutsk Region of Russia.”

Blockchain News

  • Kasa, The South Korean blockchain-powered real estate transaction platform, said it has more than 20,000 users, according to Maeil Kyungjae. The company’s offering enables the clients to buy and sell tokenized stakes in the real estate industry. This will allow them to receive income from rentals and land acquisitions. The company will also present a tokenized service aligned with a local bank, KEB Hana Bank, for modern commercial structures in Gangnam, a wealthy part of Seoul. The tower is valued at $8.9 million and should be available on a long-term lease.
  • Nigeria’s National Information Technology Development Agency (NITDA) stated that the government hopes the blockchain technology sector will generate over USD 6bn by 2030. According to Vanguard, Kashifu Inuwa, the NITDA’s Director-General, said that the administration was eager to guarantee that Nigeria is not “left behind” in the blockchain race.

Careers News

  • Fidelity Digital Assets, a crypto custody provider, is on the lookout for some 20 new blockchain and crypto engineers in a new recruitment drive. The firm said, in an article on their website, that it was checking for something to “improving upon” its “existing bitcoin (BTC) custody and execution services” and is also checking to make the hires with “development experience of bitcoin, ethereum (ETH) and other digital assets.” The company said it was keeping an eye to hire applicants “from across the USA, the UK and Ireland” to “work from wherever they feel safe and comfortable.”

Regulation news

  • South Korea’s financial watchdog, Financial Services Commission (FSC), has proposed an update to the Act on Reporting and Using Specified Financial Transaction Information, seeking legal amendments per which all virtual asset service providers (VASPs) within the country would be required to use real-name accounts during financial transactions with customers. As mentioned in the document, the new rules are proposed to “provide further details of anti-money laundering (AML) requirements on virtual assets.” Additional requirements include: opening real-name accounts with financial institutions, separating customers’ deposits, no record of fines or other penalties at least within five years, obtaining a data security certification from the Korea Information Security Agency, etc.

Exchanges news

  • South American football giants CR Vasco de Gama have teamed up with the Latin American crypto exchange Mercado Bitcoin to allow the parties to tokenize transfer deals. As per official tweet from the trading platform operator, the value will see the Rio de Janeiro club – four-times Campeonato Brasileiro champions and winners of the Copa Libertadores in 1998 – tokenize stakes of up to 5% in 12 of the club’s youth players. The parties hope to raise some USD 9m in sales.
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