This Week in Crypto
Vodafone drops out of the Libra Association, Square Crypto launched a Lightning Development Kit, and Huobi launched a brokerage platform for institutional investors.
South Korean regulators review a crypto taxation plan, Raiz Invest was granted approval for a retail bitcoin fund, and a Bitfinex-backed startup yielded $1.4 million in revenue last quarter.
KyberSwap leaves the EU due to new regulations, Grayscale surpasses $1 billion in total investments, and Libra launches a technical development committee.
Gemini launches an in-house insurance company, former CFTC Chair Giancarlo forms the Digital Dollar Foundation, and Bithumb seeks to nullify a $70 million tax bill.
The Enterprise Ethereum Alliance (EEA) launches a TestNet, Bitwise withdraws its bitcoin ETF application, and Anchorage acquires data analytics firm Merkle Data.
Authereum is a login and wallet solution for dApp developers who want to provide their users with a web2-like user experience while maintaining censorship resistance.
IBC is a standard that permits anyone to quickly and securely transfer money across the web. Zaki Manian is the head of research at Tendermint Inc, an implementation of BFT consensus algorithm & PoS cryptoeconomics and a core contributor to the Cosmos Network.
VeChain Foundation was hacked of $6.5M in VET tokens, Japanese banks are interested in joining JP Morgan’s Interbank Information Network, and the Stellar Foundation canceled its 2B XLM airdrop to Keybase users.
Chainalysis lays off 39 employees, Shanghai police allegedly raid Binance offices, and Silvergate Bank announces plans to launch crypto lending and custody services.
Polymesh migrates from Ethereum to Parity’s Substrate, the U.S. Federal Reserve responds to a letter in regards to a Central Bank Digital Currency, and ShapeShift launches its “FOX” exchange token.