European Commission to launch blockchain regulatory sandbox by 2022

The European Commission in collaboration with the 30-country alliance called the European Blockchain Partnership (EBP) plans to launch a pan-European blockchain regulatory sandbox by 2022. Per an update to the official webpage for the commission’s Digital Innovation and Blockchain team on Sep. 23, the European Commission will work with EBP on the sandbox to test use cases of blockchain and digital assets in the European Blockchain Services Infrastructure, or EBSI. The EBSI is a joint initiative of the European commission and the EBP that aims to deliver cross-border digital public…

Brazilian fund manager and Nasdaq to launch world’s first Bitcoin ETF

Regulated Brazilian fund manager Hashdex has inked a deal with Nasdaq to launch the world’s first crypto asset exchange-traded fund (ETF) on the Bermuda Stock Exchange (BSX). The stock exchange announced it had approved the ‘Hashdex Nasdaq Crypto Index’ on September 18, revealing that 3 million Class E shares will be issued for trade on the platform. Cointelegraph Brazil confirmed the Nasdaq partnership and ETF with Hashdex’s chief executive, Marcelo Sampaio According to local media outlet Infomoney, the fund should be live and trading on the BSX by the end…

$165 Million Bitcoin Moved to Ethereum after Uniswap’s UNI Token Launch

Key Takeaways Over 15,000 WBTC was minted since Sept. 17 prompted by UNI token yield farming incentives on Uniswap.  The comparative returns for Bitcoin-based pools are higher than Ethereum and Chainlink on DeFi platforms like yEarn Finance.  Curve added a new HBTC pool alongside the existing BTC-based pool backed by RenBTC, wBTC and sBTC.  Share this article WBTC (Wrapped Bitcoin) added 10,800 tokens 24 hours after UNI token launch, taking the amount Bitcoin locked in DeFi to $1.2 billion. High returns on Bitcoin-specific pools is another impetus for the mass…

Ethereum Fees Spike After Uniswap’s UNI Token Launch

After announcing the launch of its new governance token, Uniswap became the most valuable DeFi projects within hours. The decentralized exchange launched its token last night, catching the entire DeFi community off-guard—a move that resulted in major problems for the Ethereum network. Uniswap Launch Clogs Up Ethereum The rush to claim the Uniswap tokens allocated to users caused massive congestion on the Ethereum network. When the anomalous transaction fees that have occurred throughout the year were excluded from the calculation, last night’s spike represented a new record high for transaction…

SUSHI Faces Massive Sell-off Following Uniswap’s Token Launch

SUSHI was among the worst-performing cryptocurrencies on Thursday as the decentralized finance token faced a severe competitive threat from a rival. Uniswap, a decentralized trading platform that inspired the launch of SUSHI’s parent project, Sushiswap, launched its governance token, UNI, Wednesday night. Against the expected supply of 1 billion, Uniswap dispatched 150 million UNI tokens for users that have used or supported its exchange. At the time of distribution, an average UniSwap was receiving $1,344 worth of UNI tokens. About 13,000 people claimed 400 UNI each, leading many observers to…

Avalanche blockchain network to launch full mainnet

Avalanche, a new blockchain protocol and cryptocurrency backed by Cornell University’s Emin Gün Sirer, will finally go live in a few days. According to an announcement, Avalanche will roll out the full mainnet on Monday. With the mainnet launch, the Avalanche (AVAX) token — the platform’s native token — can be listed on crypto exchanges, although Ava Labs did not specify which ones.  As previously reported, the AVAX token will serve as a tool to secure the Avalanche network through staking, pay for operational fees, transfer value peer-to-peer and create…

The Bahamas will launch a digital Central Bank ‘Sand Dollar’ in October

The Bahamas is gunning to become the first country in the world to roll-out a state-backed virtual currency nationwide, and has announced it will launch a central bank-issued cryptocurrency during October. The assistant manager of eSolutions at the Central Bank of The Bahamas, Chaozhen Chen, told Bloomberg that the digital currency, dubbed ‘Sand Dollars’, is intended to drive greater financial inclusion among the remote islands within the archipelago nation. “A lot of residents in those more remote islands don’t have access to digital payment infrastructure or banking infrastructure. We really…

Binance US on track to launch in all 50 states by 2021

New legislation may make it possible for Binance US, the American branch of crypto exchange Binance, to open its doors to all traders in every state by next year. According to a Sept. 15 tweet from Binance U.S. CEO Catherine Coley, the digital asset marketplace has just launched in Georgia, allowing users to buy, trade, and earn digital assets. Thrilled @BinanceUS launches in Georgia today – our 40th state! Atlanta means so much to me, a 1996 @kerristrug96 fangirl obsessed with the Olympics. What can I say, we’ve come a…

Tassat will be able to launch Bitcoin swaps after all, says CFTC

The United States Commodity Futures Trading Commission will still be allowing New York-based fintech firm Tassat to proceed with its Bitcoin swap contracts after failing to meet regulatory requirements. According to a Sept. 15 statement from the CFTC’s Division of Market Oversight (DMO), the regulatory body will not stop Tassat from launching a swap execution facility (SEF) in Q4 2020, even after the firm failed to renew its registration following 12 consecutive months without trading. “DMO will not recommend the CFTC commence an enforcement action against Tassat for failing to…

Ampleforth, Balancer Launch Rebasing “Smart Pool” to Prevent Impermanent Loss

Key Takeaways Ampleforth has created the world’s first rebasing Smart Pool. Ampleforth was the first to create elastic finance capabilities in DeFi. The new Smart Pool will be capable of rebalancing pool weights in line with AMPL’s unique supply changes. Share this article Ampleforth, the protocol behind the elastic supply token, AMPL, announced today the launch of a rebasing “Smart Pool” in collaboration with Balancer Labs. The initiative will help reduce costly impermanent loss for traders. Ampleforth Launches World’s First Rebasing Smart Pool As the supply of AMPL expands or…