Bitcoin, Crypto Mining News, Cryptocurrency, News & Updates

Bitcoins and Pieces: Tuesday Edition

Investments News

  • Wave Financial Group, a digital asset investment manager, said it partnered with Singapore based digital securities firm InvestaX to attract a broader investor foundation for its Wave Kentucky Whiskey 2020 Digital Fund. Wave plans to complete the fundraiser for this year’s fund “soon.”

Blockchain and DLT News

  • Decentralized storage network Filecoin, one of the top ICOs of 2017, said that it expects to launch its mainnet around October 15 and after a few days of monitoring and problem solving they will hold “Filecoin Mainnet Liftoff: a week of events from October 19-23 celebrating Filecoin’s mainnet launch.”
  • Primary professional services firm EY has launched its EY OpsChain Network Procurement, a solution built on the EY OpsChain platform that allows companies to run private, end-to-end procurement activities Ethereum blockchain. The beta version of this solution is now available free for individual users, said the company.
  • Managed financial institution for digital assets Nexo has become an official credit partner to the Litecoin Foundation. The goal of the partnership, said the emailed press release, is to bring greater access to financial services to both of their communities and promote crypto and blockchain adoption as the way to have a fairer finance marketplace.

Exchanges News

  • Ebang, Nasdaq-listed Bitcoin (BTC) mining hardware maker, confirmed that they are at an initial preparatory stage of launching “blockchain-enabled financial business by establishing cryptocurrency exchange(s) and online brokerage(s) and by combining the blockchain-enabled financial businesses with the traditional ones to capture the entire value chain of the blockchain industry.” As previously reported, the company is planning to launch an offshore exchange for digital assets in 2020. Meanwhile, in the first half of this year, the company’s total revenues dropped by 50.6% to USD 11m, compared to the same period in 2017. Net loss decreased by more than 60% to USD 7m.
  • Bitfinex Derivatives has stated the launch of perpetual contracts for Europe 50 (EUROPE50IXF0: USTF0) and Germany 30 (GERMANY30IXF0: USTF0), both of which went live on September 28. According to the emailed announcement, each contract will offer users up to 100x leverage and will be settled in tether (USDT). Markets will remain open over the weekend, but price limits will be put in place to increase price stability, said Bitfinex.

DeFi/Ethereum news

  • Tolerant ethereum (ETH) users have a cause to rejoice. At the same time, DeFi enthusiasts will be dismayed to hear that the craze may be subsiding – after median transaction fees on the Ethereum blockchain network dropped again. Per BitInfoCharts statistics, the median Ethereum transaction fee currently stands at USD 1.3 – down from staggering median fees of USD 8.48 recorded on September 2.
  • Although it may well be too early to call time on DeFi, with one project showing signs of rude health, the lending platform Aave has debuted a governance platform that it said will allow its community vote on whether they wish to upgrade its LEND to AAVE. In a blog post, the London-based Aave (formerly ETHlend) stated that the proposal would seek to “make AAVE the new governance token of the Aave Ecosystem,” proposing rates of 100 LEND tokens to 1 AAVE.
  • The announced Spadina Ethereum 2.0 would go live on today, (September 29) at noon UTC. Spadina is a mainnet-configuration test network, which will run for three days, and in parallel to Medalla, which was launched in August, said ETH 2.0 developer Danny Ryan. The main objective is to give developers another chance “to go through one of the more difficult and risky parts of the process – deposits and genesis – before we reach mainnet. If all goes well, it should give us greater peace of mind before we jump into the real deal later this year,” Ryan wrote.

CBDCs News

  • The Bahamas is set to pip influencing economies such as China, the United States, and EU nations to the digital currency post. It delivers a central bank digital currency (CBDC) late next month. In an official release, the Central Bank of The Bahamas stated that it would “gradually release a digital version of the Bahamian dollar nationally, external of Exuma and Abaco’s pilot regions, through authorized financial institutions” 20. The central bank has dubbed the new token the Sand Dollar – and full rollouts across the public and private sectors are slated for 2021.
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