Sleepy Swiss town launches Tezos-backed Coronavirus aid program

On Friday the Swiss town of Wetzikon — formerly best-known for its idyllic pastures and churches — launched a blockchain-based program to support small and medium-sized local businesses affected by the Coronavirus pandemic. Valued at 250,000 Swiss francs ($280,000), the initial aid disbursement will be funded with a municipal credit line earmarked for the Coronavirus and will be distributed to the roughly 25,000 inhabitants of Wetzikon in the form of an eCoupon worth 10 Swiss francs.  Residents can access the disbursement through a smartphone app, “ecoo,” which will be using…

DeFi Project Spotlight: B.Protocol, Decentralized Backstop Liquidity

Key Takeaways B.Protocol attempts to solve the inefficiency of DeFi liquidations, which hamper the sector’s growth. The project offers extra yield for users and makes liquidations more predictable for liquidators. The protocol seamlessly connects to platforms like Maker, Compound, and Aave without requiring any actions from their side. $1.5 million ETH was deposited on Maker through B.Protocol during the first 24 hours since launch. Share this article Decentralized crypto lending kickstarted the DeFi craze of 2020. The launch of Compound token COMP in June 2020 attracted the market’s attention and…

Bitcoin reaches $14K for the first time since January 2018 — what’s next?

Bitcoin (BTC) price is undoubtedly having an impressive year after crashing to $3,700 in March but then rallying to $14,000 in the following months. Now BTC has reached the highest point since January 2018 as the price touched $14,100. Thus, the likelihood of the new bull cycle is heavily increasing as the price of Bitcoin continues to make new higher highs and higher lows. What’s more, the strength is even seen while the U.S. Dollar Currency Index, with which it is typically inversely correlated, is also recovering amid coronavirus fears.…

0x charts path towards cross-chain asset exchange and liquidity aggregation

In a blog post on Friday, 0x Labs product manager Theo Gonella laid out the protocol’s ambitious plans to direct development towards a promising, if technically tricky horizon for permissionless exchange: seamlessly connecting the growing constellation of viable layer-1 blockchain platforms. The Ethereum-based protocol, designed to be an interoperability toolkit for decentralized exchanges of all stripes, has seen marked success this year in connecting a network 30+ projects building with their API.  Throughout 2020, as Decentralized Finance (DeFi) boomed, so too did 0x’s usage: the protocol facilitated nearly $4 billion…

What industry leaders would wish for Bitcoin’s white paper 12th anniversary

While the crypto community decides whether Bitcoin (BTC) was born — or merely conceived — 12 years ago, the fact is that Oct. 31, 2008, remains one of the most notable dates in humanity’s modern history. Exactly 12 years ago, Satoshi Nakamoto published what some have described as “a new bible” — Bitcoin’s white paper. Designed as a brand new “purely peer-to-peer version of electronic cash,” many see the creation of Bitcoin as a response to a global financial crisis. Related: Happy birthday dear Bitcoin: Crypto’s first white paper turns 12 Cointelegraph’s video…

Bitcoin Just Broke $14,000, but CME Data Is Far From Euphoric

Key Takeaways Bitcoin recorded its highest value of $14,100, since the crash from $20,000 in December 2017. CME recorded the second-highest monthly closing for Bitcoin futures at $13,735. The BTC balance on exchanges also hit a two-year low as self-custody takes over exchanges. Share this article Bitcoin price recorded a significant breakout above 2019 highs, strengthening the bullish outlook for the premier cryptocurrency.  New Highs for Bitcoin  The rise and fall of the 2017 bull run happened in the blink of an eye.  There were few notable support and resistance…

Uniswap Vote to Offer 2nd Round of UNI Airdrops Fails

Key Takeaways Uniswap’s proposal to airdrop UNI tokens to users of proxy applications like Opyn, Dharma, and others failed. Voting ended at 4:00 hours EST on Oct. 31. Share this article Uniswap’s second-ever governance vote for another airdrop of UNI has ended in defeat. Less than 1% of UNI token holders voted, failing to establish a quorum.  Uniswap Vote for Second UNI Airdrop Fails   On Sept. 17, Uniswap introduced the UNI governance token and airdropped 150 million tokens to past Uniswap users.  The second governance vote on Uniswap sought to…

Former Google lawyer joins spate of high-profile attorneys entering crypto

On Friday Coinbase Inc. announced the appointment of former Google Senior Legal Director Milana McCullagh as deputy general counsel for product and commercial legal. McCullagh, who worked for more than 13 years at Google, will work across functions at Coinbase on product legal support, helping the firm to streamline legal compliance for new product launches. McCullagh’s appointment is part of both a Coinbase campaign to attract legal talent that started last year, as well as a broader industry-wide movement of top-tier attorneys joining crypto firms.  Between August and October, Coinbase…

Sacrificing privacy does not make us safer

In the last month, we’ve seen the United States Federal Reserve come after BitMEX for failing to identify customers, crypto intelligence firm CipherTrace report that most crypto exchanges are not collecting enough user info, and the so-called “FinCEN Files” demonstrate that even large banks that collect and report vast troves of suspicious transactions are not doing enough to unbank the bad guys. Suffice to say, it’s a great time to be alive for compliance hardliners and a rough patch for privacy advocates, aside from a healthy recent boost in the…

Upon Launch, TRON Oracle JustLink Faces Immediate Criticism

Key Takeaways JustLink has gone live on TRON as the blockchain’s first and official oracle platform. Oracles like JustLink are designed to handle price data for exchanges and blockchain apps. Competing projects and their communities claim that JustLink borrows code and concepts from existing work. Share this article Though CEO Justin Sun called the project TRON’s first-ever oracle, JustLink draws many of its ideas from a previously built oracle on the TRON network called Bridge Oracle. JustLink Launches on TRON Developers in TRON’s DeFi ecosystem can use JustLink oracles to…