The UK FCA has announced
the 29 companies selected to be part of its 4th regulatory sandbox cohort. Lots of "DLTs" in the list (11 out of 29).- Stability.
Adoption of DAI is accelerating, so much so that MakerDAO had to increase
the debt ceiling (ie maximum number of DAIs to be minted) from 50M to 100M well ahead of plans. - Exchanges #1
. The owner and operator of the Swiss stock exchange will launch
a fully regulated cryptocurrency exchange. In the words of its CEO: "This is the beginning of a new era for capital markets infrastructures". - Exchanges #2
. Invest.com is going crypto. too. It is partnering up
with Bittrex to launch a crypto trading platform for EU customers.- SAFU.
Binance is creating
a Secure Asset Fund for Users (SAFU) by pooling 10% of its trading fees into a cold wallet to face extreme situations like what happened this week with SYS. And the memes
are already going wild.- Govts.
The Australian government has awarded
IBM with a AU$1B contract to modernize its tech stack using blockchain, automation and AI.- Lawsuits.
Ripple Labs is hit
by a third class action lawsuit
for alleged promotion, sale and solicitation of unregistered securities related to XRP. - Safety.
MyCrypto is removing
support for private key from its online service.- Custody.
Coinbase have started onboarding
customers from US and Europe onto its custody product, with plans to launch in Asia by year end.- Moves #1.
Michael Alexander will be
the manager of EOS's VC fund, which is around $1B in size. He'll be based in HK. He was previously the Asia lead for Jefferies.
- Moves #2.
FB is all in on Blockchain Evan Cheng, a senior Facebook engineer, updated
his LinkedIn title to "Director of Engineering, Blockchain." This is after extremely high profile internal moves to focus on blockchain, most notably David Marcus and Kevin Weil.- 😂LOLZ.
The head of the Bank of International Settlements asked
people to stop creating money and also said "It's a fallacy to think money can be created from nothing".