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US Navy Commissions $1.5M Blockchain System for Tracking Critical Weaponry

US Navy Commissions $1.5M Blockchain System for Tracking Critical Weaponry

Blockchain firm SIMBA Chain won a contract to build a system to anticipate demand for “critical” military weaponry parts.

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Former Coinbase compliance chief Jeff Horowitz joins BitGo

Crypto firm BitGo has hired former Coinbase compliance chief Jeff Horowitz as it seeks a trust charter from New York state regulators.

The post Former Coinbase compliance chief Jeff Horowitz joins BitGo appeared first on The Block.

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New Bitcoin ETP Launches on Swiss Stock Exchange SIX

The BTCetc bitcoin ETP (BTCE) tracks the price of bitcoin and is physically backed.

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Valid Points: Price Dips, 60K Validators and Eth 2.0’s ‘Graffiti’ Messages

The price of ether dove hard last weekend, but the number of validators joining the Eth 2.0 network continues to grow, regardless of price movements.

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Analysts Are Gloomy About Bitcoin’s Short-Term Price Outlook Right Now

Some are now forecasting an extension of Monday’s 20% price drop as more bitcoin moves onto exchanges and institutional demand cools.

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Crypto exchange OSL operator completes stock top-up to raise $90 million

BC Group, the Hong Kong listed company that operates the crypto exchange OSL, has completed the issuance of new stocks.

The post Crypto exchange OSL operator completes stock top-up to raise $90 million appeared first on The Block.

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Reflex indexes for more stable collateral assets in DeFi

Quick Take

  • Reflex indexes are meant to be a more stable representation of a collateral asset (e.g. ETH) without losing its trust-minimized properties
  • Reflexer Labs raised $1.7 million in August led by Paradigm, with participation from Robert Leshner, Standard Crypto, and Variant Fund
  • In October, Reflexer launched the initial and unaudited version of their protocol — this is now being shut down with a full mainnet launch expected in Q1 2021

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Fiat Freeway: The OCC addresses the use of Stablecoins for Payment Activities

Quick Take

  • ‘Fiat Freeway’ is a weekly column providing the latest updates on central bank digital currencies (CBDCs) and stablecoins. 
  • This week’s column examines the most recent interpretive letter on digital assets from the U.S. Office of the Comptroller of the Currency’s (OCC).

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Bitcoin Miner Marathon to Raise $250M in Direct Stock Offering

The Las Vegas company has agreed a direct offering of 12.5 million shares of common stock at $20 per share.

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BitGo Taps Former Coinbase Exec Jeff Horowitz as Chief Compliance Officer

Jeff Horowitz led Coinbase’s global compliance program until his departure in October.

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