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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 Paxos’ $142M Series C fundraising and FinCEN’s newly proposed KYC rules for digital wallets.

Quick Take

• Compound’s decentralization started with v2.2 by adding Timelock and continued with the distribution of COMP tokens to users.
• Compound autonomous proposals have not yet become a popular solution for submitting proposals by minority COMP holders.
• The COMP whales can independently determine the Compound’s future, as retail token holders use the delegation function to a limited extent.
• Governor Alpha smart contract facilitated the launch of many DeFi projects and resulted in a loss of user funds if misused, such as in YAM v1.

Hong Kong-based licensed crypto exchange OSL has suspended XRP trading until further notice.

The post Hong Kong crypto exchange OSL suspends XRP trading until further notice appeared first on The Block.

Swiss crypto bank SEBA has closed a Series B funding round. The bank hasn’t disclosed any investors of the round.

The post Swiss crypto bank SEBA raises $22.5 million in Series B funding appeared first on The Block.

The bitcoin fund founded by Anthony Scaramucci’s SkyBridge Capital has invested some $25 million ahead of a planned public opening sometime next year.

The post Anthony Scaramucci outlines his new Bitcoin fund, discloses initial $25 million investment during interview appeared first on The Block.

The Securities and Exchange Commission has filed a lawsuit against Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen for conducting what the regulator alleged to be a $1.3 billion unregistered securities sale. 

The post SEC files lawsuit against Ripple and two executives, alleging the firm brought in over $1.3 billion in ongoing, unregistered securities sale appeared first on The Block.

ShipChain, an Ethereum-based shipping tracker, raised funds selling its SHIP token in 2017 and 2018. 

The post ShipChain to settle with SEC, pay $2 million penalty for unregistered initial coin offering appeared first on The Block.

The privacy pool value on Tornado Cash appears to be spiking, according to data compiled by The Block.

The post Ethereum mixer Tornado Cash’s privacy pool value reaches all-time high for 2020 appeared first on The Block.

Quick Take

• The Swiss National Bank and the operator of the Swiss stock exchange are looking to test a wholesale CBDC with commercial banks.
• Swiss central banker Thomas Moser said SDX will initially go live with a stablecoin backed by its own reserves.

The number of tweets containing the keyword “Bitcoin” surged 43% in the span of a week, according to data collected by The Block Research.

The post The number of tweets containing the word ‘Bitcoin’ hit a yearly high this week appeared first on The Block.