David Marcus says he hopes both the cryptocurrency known as Diem and the social media firm’s crypto wallet Novi will launch in 2021.
The post Facebook’s Marcus hopes Diem will launch next year appeared first on The Block.
China’s Nervos picks Huobi’s HUSD as the first available stablecoin on its blockchain amid a DeFi boom in China.
Quick Take
- The following is an excerpt from the ‘2020 Macro Overview’ section of the Block Research’s forthcoming year-end report.
- We provide evidence of Pre-Covid19 economic deterioration & financial system stress, arguing that the pandemic likely exacerbated a recession that was already on the horizon.
- We also make the case that traditional financial system stress likely contributed to the cryptocurrency market drawdown in Q4 2019.
The Barcelona-based fashion brand is to start tracing its supply chains on a blockchain platform from Finboot.
An influential group of trade groups representing US banks has urged the Office of the Comptroller of the Currency to postpone consideration of Figure’s bank charter application.
The post Banks rally against Figure’s ‘precedent-shattering’ charter bid appeared first on The Block.
Quick Take
- In 2020, options trade volume growth outperformed futures trade volume growth by about 5.4 times.
- Ethereum options have seen an increase in trade volume by over 2,800% from January until the end of November.
- Deribit remains the clear cryptocurrency options market leader for centralized exchanges, controlling over 90% of total trade volumes.
Bitcoin took a dip Tuesday as traditional markets suffer the jitters over fears of a “no-deal” Brexit.
An SBI Holdings subsidiary and SIX Digital Exchange will offer digital asset services for institutional investors in Singapore.
In the last month, weekly inflows to cryptocurrency funds from institutional investors have been breaking records, according to data reported by Reuters.
BBVA, Spain’s second-largest bank, is said to be launching cryptocurrency trading and custody services in the coming months.
The post Spanish banking giant BBVA is said to be launching crypto trading and custody services appeared first on The Block.
