US Presidential candidate Mike Bloomberg proposes new regulatory framework for cryptocurrencies
Today the Bloomberg campaign published a financial reform plan, which included a proposal for clearer cryptocurrency regulations. The proposal includes: - Clarifying responsibility for overseeing cryptocurrencies. - Providing a framework for ICOs by defining which tokens are securities - Protecting ...
Crypto Exchange FCoin Insolvent After Revealing Up to $130M Bitcoin Shortfall
In a blog post released yesterday, cryptocurrency exchange Fcoin revealed it is insolvent and may default on up to 13,000 BTC ($130 million) in user funds. According to Fcoin founder Jian Zhang, the default was neither caused by a hack nor exit scam, rather it was caused by internal issues related t...
Newsletter
17 Feb 2020
3 coins to keep an eye on | Issue #69
Bitcoin bulls paused last week around $10,250 at resistance near the EQ of the weekly OB from September's consolidation period. This region also triggered a reversal in October. Is another short-term reversal coming? It's too soon to say for sure. The altcoin marketcap made a similar move, climbing from $103 billion to nea...
Opyn launches insurance platform to protect DeFi users
Opyn, previously a leverage platform that has since pivoted to insurance has launched on mainnet. By building on top of a generalized options protocol called the Convexity Protocol, Opyn has created an insurance contract for Compound deposits. It works by creating tokenized put options known as oTok...
How to interpret Total Value Locked (TVL) in DeFi
This report is part of a weekly series where we explore and evaluate the fundamentals of Open Finance. You can view prior reports here. If you’ve been following crypto over the past year, you’ve likely seen this chart measuring the amount of value locked in DeFi. Since most applications require cap...
Thiel-Backed Venture Fund Leads Latest BlockFi Finance Round
BlockFi, one of the largest crypto lending platforms announced a $30 million Series B led by Valar Ventures with participation from WInklevoss Capital, Castle Island Ventures, Morgan Creek Digital, among others. The firm plans to use its fresh capital to bring on additional staff, expand its geograp...
Tether adds anti-money laundering compliance tool from Chainalysis
According to a press release today, Chainalysis announced the global roll out of its anti-money laundering (AML) compliance solution for Tether (USDT). The solution, Know Your Transaction (KYT) for Token Issuers is a real-time AML compliance solution for tracking a token's full lifecycle. While Chai...
Melon protocol partners with investment management provider AK Jensen to work in a UK regulatory sandbox
Avantgarde Finance, the lead developers behind the Melon protocol, and AK Jensen a hedge fund platform have partnered to test out a compliant blockchain-powered hedge fund. They have submitted an application to test their technology in the sixth cohort of the Financial Conduct Authority (FCA) sandbo...
SKALE to be the first project to launch on ConsenSys Codefi’s token sale platform, Activate
Layer-2 scaling project SKALE will be the first project to distribute its token through Activate, a platform built by ConsenSys Codefi for launching decentralized networks. Activate's unique design allows investors to purchase new assets but deters speculation by requiring token holders to use these...
JPMorgan in talks to merge blockchain unit Quorum with startup ConsenSys
Reuters reported today that JP Morgan is in discussions to merge its blockchain unit Quorum with Consensys. The deal is likely to be announced within the next six months according to sources. JPMorgan has been considering spinning off Quorum for around two years. Why it matters: - Since April of la...

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