ECB Probes Decentralized Settlement for Wholesale Financial Markets
The announcement reflects mounting interest in the technology from traditional financial markets, including for post-trade infrastructure that finalizes deals struck in trading venues. Euroclear, a Brussels-based firm that specializes in clearing and settlement, is set to release a new platform for DLT-based bond trading shortly, and Forge, the crypto arm of French bank Societe Generale, has introduced the CoinVertible stablecoin (EURCV), pegged to the euro, to settle digital assets.
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New York Rejects Bittrex Exchange’s BitLicense Application
news The New York Department of Financial Services rejected Seattle-based crypto exchange Bittrex’s application for a BitLicense Wednesday. In a letter published by NYDFS, the NY regulator explains that a number of factors contributed to the rejection. “Throughout Bittrex’s application process, the Department worked steadily with Bittrex to address continued deficiencies and to assist Bittrex…

Robinhood Opens Trading for 7 Cryptocurrencies in New York
news Robinhood, the popular stock and crypto investing app, has officially launched bitcoin, ethereum, and other cryptocurrency trading in New York. Silicon Valley-based Robinhood received a BitLicense from the New York Department of Financial Services (NYDFS) in January 2019 and on Thursday opened access to crypto trading in the Empire State. From the press release: Currently, you…

Cynthia Lummis, Wyoming’s Incoming Senator, Wants to Explain Bitcoin to Congress
Nov 17, 2020 at 10:09 p.m. UTCCynthia Lummis(Lummis for Wyoming website)Cynthia Lummis, Wyoming’s Incoming Senator, Wants to Explain Bitcoin to CongressCynthia Lummis, Wyoming’s incoming U.S. senator, said in an interview Tuesday the key items on her agenda include working to reduce government debt and explaining bitcoin (BTC) to her colleagues when she is sworn in…

Three Arrows Co-Founder Su Zhu Faces Questioning in Singapore Court in Hunt for Assets: Bloomberg
Su Zhu, a co-founder of failed crypto hedge fund Three Arrows Capital (3AC), faced questions in a Singapore court for the first time as liquidators sought information to help retrieve assets, Bloomberg reported on Wednesday.The two-day court hearing required Zhu to respond to lawyers for liquidator Teneo with details on how the fund failed and

LocalBitcoins Bans Bitcoin Buying in Iran in Blow to Rising Crypto Commerce
news LocalBitcoins has officially shut off service for Iran-based users, a move that follows weeks of rising rial trading volumes on the platform. The Helsinki-based peer-to-peer exchange has not explicitly said why Iranians are suddenly being cut off from its service, though U.S. sanctions are almost certainly the cause. News of the move first circulated across…

‘It’s So Early’: How Solana Is Competing With Ethereum for Institutional Interest
Solana has garnered notoriety for its meme coin connection. But financial institutions are also interested in using the network to build their products. While Solana is newer than Ethereum, it doesn’t face the same challenges when it comes to transaction throughput and cheap fees. 00:56 Len Sassaman-Themed Memecoins Surge Ahead of HBO Bitcoin Creator Documentary

Stripe’s $1.1B Acquisition Target, Bridge, Buys Web3 Wallet Platform Triangle
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The Protocol: Bitcoin Cry for Help Heard
Rosy predictions for bitcoin spot ETFs are paying off, with billions of inflows into the vehicles, helping to push the BTC price this week to a new all-time high above the old record around $69,000. The vindicated prognosticators may argue there's now ample proof that if normies have an easy way of investing in crypto