Daily Update 10-24-2018

  • Coinbase also adds USDC (its first stablecoin) to the list of coins available for trade. Coinbase and Circle form CENTRE (currently a wholly owned subsidiary of Circle) a framework to create fiat backed stablecoins.
  • New York State Department of Financial Service (DFS)  approved the application of Coinbase Custody Trust Company LLC, a wholly-owned subsidiary of Coinbase Global, Inc., to operate as a limited purpose trust company.This allows Coinbase Custody to offer services as a custodian for virtual currencies.
  • Square Open sources the following
    • A Hardware Security Module backed tool for Bitcoin Cold storage called “Subzero”. 
    • A tool written in GO to audit wallet balances, called “Beancounter” with abilities to calculate balances at any date in the past,mapping dates to block numbers and handle large transactions.
    • Sources : Square Corner BlogBeancounter git repoSubzero git repo
  • Representatives from CBOE, VanEck and  startup SolidX presented their case to the SEC commissioner Elad L. Roisman about their ETF application. The report also notes how current industry scenarios remove the objectives stated. It also contrasts the SEC’s decision regarding ICOs vs the ETF
  • Blockstack announces a program to pay founders who build using their apps. App.co and the Blockstack PBC currently administer the payouts. App reviewers currently are ProductHunt and Democracy.Earth This is one way to incentivize people to build on their platform. App mining based on its outputs is like a Token Curated Registry.
  • Accenture announces an interoperability technology between Digital Asset (DA Platform) and R3 and also Hyperledger Fabric and Quorum to securely run business processes.
  • Capital Markets and Technology Association of Switzerland published AML standards as the first step to improve tokenization of financial assets.
  • Trezor announces integration with Shapeshift and Changelly to allow trades from the Trezor Model T and connected software.
  • Only 39% of people who sat for the VFA’s exam set by the Malta Financial Services Authority and administered by the Institute of Financial Service Practioners. This comes as the Virtual Financial Assets Act to be enforced in November.