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The Ethereum blockchain network looks to be suffering issues Friday morning, with knock-on effects at related service providers.

China Construction Bank will issue the debt securities over a blockchain, with trading to be available against bitcoin and U.S. dollars via an exchange partner.

Ethereum infrastructure provider Infura is currently facing a service outage, causing a delay in price feeds of ether (ETH) and ERC-20 tokens of some services. 

The issue has also caused crypto exchanges, such as Binance, to disable ETH and ERC-20 tokens withdrawals. The popular Ethereum wallet MetaMask is also having issues since Infura is its default service provider.

This is a breaking story and will be updated

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Japanese gaming giant Capcom’s networks have reportedly come under attack, with criminals demanding a bitcoin ransom in exchange for not leaking confidential company information to the public.

Gary Gensler, who chaired the Commodity Futures Trading Commission (CFTC) during the Obama administration, will lead the financial policy transition team for projected U.S. president-elect Joe Biden.

CoinDesk confirmed the move today after the Wall Street Journal reported on Friday that Biden was expected to bring on Gensler.

As CFTC chair, Gensler oversaw substantial reforms to the financial derivatives market mandated under the 2010 Dodd-Frank act. But more relevant to cryptocurrency users is his most recent posting at MIT, where he is a professor of global economics at the business school and senior advisor to the MIT Media Lab’s influential Digital Currency Initiative.

While at MIT, Gensler has become known in crypto circles for his savviness about cryptocurrencies and blockchains and his opinions on the regulatory status of certain currencies, including XRP and Ether, which he once suggested both might be securities.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Quick Take

• Fiat Freeway is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins.
• Last week’s column focused on the European Central Bank’s increasing CBDC outreach efforts.
• This week’s journey takes us across the Atlantic to review a FEDS note on important themes from CBDC literature.
• Lastly, a compelling Twitter debate on the origin of CBDC ties it all together. 

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The deposit contract for Ethereum’s 2.0 upgrade now holds over 50k ETH – 10% of the threshold needed to activate the watershed update.

October’s growth is less than half of September’s 68,000 newly tokenized bitcoins.

Gary Gensler, Simon Johnson and Mehrsa Baradaran are among the policy experts versed in crypto and blockchain issues named to Biden’s transition team.

Bitcoin’s price takes a break while DeFi value locked is at record levels.