Crypto News Cast 📮 02-11-2020
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24hours Cryptocurrency Market Cap:
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Crypto News Updates :
- Wyoming Leading With Crypto Friendly Initiatives
- Children Got Bitcoins to Participate in "Trick-or-Sats" on Halloween
- Australian Central Bank Researching CBDC Using Distributed Ledger Technology
- Ethereum Addresses Holding Atleast 32 ETH Hits New ATH
- KPMG Partners With Coin Metrics To Boost Institutional Adoption
- European Central Bank Invites Public Comments On Digital Euro
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Wyoming Leading With Crypto Friendly Initiatives
Wyoming Division of Banking issued a “no-action” letter to Two Ocean Trust, a Wyoming-chartered trust company that provides wealth management services to high-net-worth individuals, family offices and advisers. This authorizes it to custody crypto and traditional assets under Wyoming law. The other main news of the week was the approval by the Wyoming State Banking Board of a Special Purpose Depositary Institution (SPDI) charter for Avanti Financial, making it the second company to become, effectively, a “crypto bank.” Read Full on CoinDesk.
Children Got Bitcoins to Participate in "Trick-or-Sats" on Halloween
While many children dressed as ghosts, goblins, and witches last night, a lucky few received Bitcoin treat. Brad Mills, the crypto user filled a Halloween candy box with more than just chocolates and sweets — he also added $200 in Bitcoin (BTC) cards. Mills’ family later gave a few more BTC cards to a visiting group of girls who had heard about the crypto giveaway. “This feels historic,” said crypto statistician Willy Woo. “When these kids come into power there'll only be 0.002 BTC per person to go around.” Read Full on Twitter.
Australian Central Bank Researching CBDC Using Distributed Ledger Technology
The Australian central bank announced Monday it’s partnering with Commonwealth Bank, National Australia Bank, Perpetual and ConsenSys Software to explore the possible use and implications of a wholesale form of central bank digital currency (CBDC) using distributed ledger technology (DLT). The Reserve Bank of Australia (RBA) said the project will involve the development of a proof-of-concept (POC) for the issuance of a tokenized form of CBDC for use by wholesale market participants for the funding, settlement and repayment of a tokenized syndicated loan on an ethereum-based DLT platform. The project is expected to be completed around the end of 2020. Read Full on CoinDesk.
Ethereum Addresses Holding Atleast 32 ETH Hits New ATH
The number of Ethereum addresses holding 32 ETH or more has just hit a new all-time high of 125,540. In a recent ETH2.0 update, ConsenSys developer Ben Edington explained that the deposit contract for staking Ethereum on ETH2.0 should be released soon. Additionally, Ethereum’s beacon chain genesis will happen within the next six to eight weeks. This very much explains the accumulation of the 32 ETH needed to stake on the anticipated Proof of Stake mechanism governing ETH2.0. Read Full on ethereumworldnews.
KPMG Partners With Coin Metrics To Boost Institutional Adoption
KPMG, one of the “Big Four” accounting firms along with Deloitte, EY, and PwC, has announced a “strategic alliance” with crypto market data firm Coin Metrics. The company sees the partnership as a way to “support growth in institutional adoption of cryptoassets and public blockchains.” The announcement comes at a time when financial institutions' need for accounting and auditing services is growing, as evidenced by PayPal's announcement that it would soon allow users to buy and sell cryptocurrency. Read Full on Bitcoin News.
European Central Bank Invites Public Comments On Digital Euro
In a Twitter thread on Sunday, Christine Lagarde, former Managing Director of the IMF and current President of the European Central Bank, invited public commentary on a potential eurozone central bank digital currency (CBDC). The comments on a possible CBDC were part of a larger series of reflections on what Lagarde described as a difficult year. Lagarde wrote, as Europeans are increasingly turning to digital in the ways they spend, save and invest, we should be prepared to issue a digital euro, if needed. The Tweet also linked to a survey form where the chief banker invited Europeans to share their thoughts of digital euro. Read Full on cointelegraph.