| Here’s what’s been happening in crypto this week:
Binance.US opens registration today, excluding 13 states (Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont and Washington). And according to the announcement, there will be no trading fees until 1st of November. Link
Messaging app LINE’s Crypto Exchange goes live for 80 Million users. The new exchange, dubbed Bitmax, went live today in Japan (days after the platform received final regulatory approval) with trading of five crypto assets: bitcoin (BTC), ethereum (ETH), ripple (XRP), bitcoin cash (BCH) and litecoin (LTC). Link
Wells Fargo to pilot dollar-linked stablecoin. Dubbed Wells Fargo Digital Cash, the U.S. dollar-linked stablecoin will enable to settle internal cross-border payments across its global network. Its international locations will also be able to move funds between each other using the token. Link
Deutsche Bank joins JPMorgan-led blockchain network. The JPMorgan Chase-led Interbank Information Network (IIN) will this week announce Deutsche as a new recruit to a network of 320 banks which have agreed to swap information on global payments over blockchain, the mutually distributed ledger technology behind cryptocurrencies. Link
European space agency backs blockchain satellite project. Blockchain startup SpaceChain has won a 60,000 euro grant from the European Space Agency (ESA) to investigate use-cases for their satellite-based blockchain wallet system. The company has already flight-tested blockchain nodes in space. Link
SegWit transactions now make up over 50% of Bitcoin payments. SegWit, the opt-in transaction type that was first introduced in August 2017 (after a soft-fork network update) allows the Bitcoin blockchain to process transactions that are less data-intensive than the classical transaction format – resulting in cheaper and faster transactions. Link
Venezuela’s largest bank opens up petro cryptocurrency wallet registrations. Following an order issued by President Nicolas Maduro in early July for Bank of Venezuela to open up a cryptocurrency desk specifically for the state-backed petro, the country’s biggest bank now appears to be doing just that.
You can now prove a whole blockchain with one math problem. The Electric Coin Company (ECC) says it discovered a new way to scale blockchains with “recursive proof composition,” a proof to verify the entirety of a blockchain in one function. Link |
