Blockchain industry update (Libra, Ripple, Digital Yuan, Satoshi Nakamoto)

This week more on the Crypto market and Bitcoin.


  • Brad Garlinghouse¸ Ripple chief executive officer, has threatened to move the company’s headquarters overseas should the U.S. fail to level the playing field with an unambiguous regulatory framework.
  • Libra Association hires former HSBC executive Ian Jenkins as the Chief Financial Officer.
  • Binance destroys $68 Million of BNB in most expensive burn to date. The exchange has completed its latest quarterly burn as the biggest in history.
  • Digital Yuan now accepted by gas stations in China. China plans to spread the acceptance to over 100 gas stations before next month.
  • Monero adopts a long-awaited upgrade with groundbreaking software. The network’s scalability improvement upgrade was carried out recently.

::Bitcoin, Ethereum, Crypto::

  • Stone Ridge, New-York based $10 billion investment management company, has purchased more than 10,000 BTC, worth over $100 million at that time, as part of its treasury reserve strategy.

  • Bitcoin is getting two major improvements in historic code update. The two proposals were merged into Bitcoin Core earlier today and will be activated at a later date.
  • Chainlink brings on BitGo CTO to build scaling tech. Ben Chan, former CTO of crypto custody service BitGo, has joined Chainlink to build layer-2 scaling for the network.
  • Coinbase Custody, the custody arm of top crypto exchange Coinbase is exploring support for a number of new assets.
  • Ethereum’s DeFi is nearing 2017 ICO Boom Levels. Altcoins and decentralized finance projects are gradually outpacing Bitcoin in terms of trading volumes.
  • The total value of all assets in the Ethereum ecosystem has breached $100 billion dollars.
  • Satoshi Nakamoto’s uphill climb to surpass Bezo’s net worth. Jeff Bezos is the world’s richest man, but someday if bitcoin crosses a certain valuation then Satoshi Nakamoto will be the wealthiest if he is still alive.

:: Funding, Launch ::

  • Boardroom, a company developing a platform for DeFi governance, has completed a $2.2 million raise. The round was led by Standard Crypto.
  • Filecoin mainnet launches, FIL trading at a $120 Billion fully diluted valuation.
  • Ripple puts up  $10 Million to bring digital finance to the unbanked. Ripple will help Mercy Corps to provide digital financial solutions for 10 million people in the next decade.


  • The Bank of Russia, the central bank of Russia, said it’s exploring the possibilities of issuing the central bank digital currency, a digital ruble.

    European Central Bank seeks public input on digital euro. A digital euro would not replace cash, but complement it.
  • Kengo “Ken” Suzuki, a professional player of crossover action fighting game Super Smash Bros, signing a contract to receive his salary in major cryptocurrency XRP.
  • The financial watchdog of the Isle of Man, a self-governing British Crown dependency, has clarified Bitcoin and Ether are not considered securities.
  • SEC Commissioner says recent legal action taken against BitMEX sends a message to global exchanges.
  • OKEx has suspended all cryptocurrency withdrawals indefinitely, as one of the trading platform’s private key holders has “been out of touch” with the exchange because he is “cooperating with a public security bureau in investigations.
  • Central Bank of Spain to prioritize the design and study of a CBDC. Spains new Strategic Plan for 2020-2024 has five priorities and studying a CBDC is one of them.


  • Rare Batman NFT art raises $200,000 in sale led by a mysterious collector. It’s the work of Trevor Jones and José Delbo.
  • Neo Foundation teases surprising Neo3 features. Neo3 promises to provide file storage and digital identity, though the demand is questionable.

Credit: Telegram VYSYN – Capital News 

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