Blockchains and Bagels: the morning market update to get you ready for the day ahead. Regulatory risk increased over the weekend as Iran bans digital assets and Coinbase suspends Wikileaks’ account on the platform. Developments in blockchain continue as traditional banks test Quorum for debt issuance and Casper is placed under review.
The ban comes into place as the Iranian Rial experienced volatility ahead of possible U.S sanctions. The Iranian central bank is looking to defend the depreciating currency through targeting money changing outside of banking institutions.
Wikileaks has called on the digital asset community to blockade Coinbase amid a hold on their shop account for allegedly violating the terms of service. Wikileaks began taking on Bitcoin payments when MasterCard blocked its services in 2010.
The National Bank of Canada, in coordination with J.P. Morgan, issued a US$150 million certified deposit while execution a simultaneous test on Quorum. JPM has been developing Quorum based on the Ethereum blockchain with sights of streamlining the debt life cycle from issuance to maturity.
Colorado emerges as the sixth state on the platform with the company targeting country wide expansion. The company currently offers market data on 16 digital assets and is building a platform to discuss market news in real time with other users.
The developers working on EIP 1011 known as Hybrid Casper Friendly Finality Gadget is ready for the code base to be reviewed and discussed by the community. The update would move Ethereum’s consensus protocol to a hybrid system that incorporates proof-of-work and proof-of-stake. No timeline for implementation has been set but there are some security concerns among community members.
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