CONSENSYS SHIFTS: Ethereum venture studio ConsenSys is shifting focus – and downsizing 14 percent as a result. “In the coming months, ConsenSys will finalize the transition from its venture production model and spin out a number of its internally funded projects into the ConsenSys Investments portfolio,” the Brooklyn, NY-based company said in a statement. Full story
GUIDANCE EXPLAINED: Although it goes against the grain to shoehorn an identity layer onto a technology specifically designed to be pseudonymous, crypto firms must comply with the Financial Action Task Force’s “Travel Rule,” if they wish to stay above the law. Ian Allison breaks down the technical, legal and operational issues involved in implementing an experimental new guidance to identify users for virtual asset service providers. Full story
NEW BEGINNINGS: Bitcoin SV (for Satoshi's Vision) hard forked to its “Genesis” iteration to increase on-chain scalability and transaction capacity. An hour after the milestone update, BitMEX Research tweeted "a significant number of nodes have not upgraded for the hardfork and are stuck on the pre-hardfork block." A BSV spokesperson said it’s not a "persistent chain split" but one miner "who did not update their software.” Full story
TRADING TOOL: Cryptocurrency exchange Gemini integrated one of the world’s leading real-time markets data platforms, TradingView, which allows users to execute trades through a new interface and provides charting tools and a forum. Full story
BTC AUCTION: The U.S. Marshals Service will auction nearly $40 million in bitcoin from more than 50 administrative forfeitures and legal cases, the first such auction since the end of 2018. Full story |
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