Daily 10: Exchanges Align, Raise $200M to Target Binance; BitMEX Deal Brings Crypto Derivatives to Professional Traders

April 18, 2019

Plenty happening in the crypto and blockchain space to start off the week! To help you stay up to date, I put together a 17-part thread focussing on industry news from the 24 hours or so. Can’t be bothered looking through it all? All good! Below, I’ve listed what I consider the 10 best inclusions. Enjoy!

[1] Chicago-based Trading Technologies – a firm offering a platform to trade derivatives, equities, and crypto – announced a partnership with BitMEX – the world’s largest bitcoin-based trading platform by volume – to allow its users to trade crypto perpetual swaps alongside other cryptoassets on its platform.

[2] Blockchain Exchange Alliance (BXA), a Bithumb- and ONEROOT-led alliance leveraging shared liquidity and infrastructure to create a global financial service network, announced the closing of a $200M Series A round. The lead investor was the Japan-based ST Blockchain Fund.

[3] Algorand, an open-source software and blockchain technology company, announced the public release of its testnet. Algorand’s first-of-its-kind, permissionless, pure proof-of-stake protocol was designed by MIT professor, cryptography pioneer, and winner of the prestigious Turing Award, Silvio Micali.

[4] Binance finally gave the people what they wanted, announcing the delisting of Bitcoin Cash fork Bitcoin Satoshi Vision (BCHSV/BSV). Hours later, it was announced the ShapeShift would delist BCHSV, too, as did Kraken after firstly asking the public whether they should do the sameBlockchain Luxembourg S.A. was another to cut ties with BCHSV, announcing it will end support within the Blockchain Wallet by May 15. OKEx has bucked the trend, opting to keep BCHSV on its exchange after having conducted a “rigorous review on BSV in terms of technology development, liquidity, and compliance.”

[5] Back to Binance, they announced their seventh quarterly BNB burn. This one totalled 829,888 BNB, which is roughly the equivalent to $15.6M (USD). The blog post doubles as a quarterly recap from CEO Changpeng ‘CZ’ Zhao, also.

[6] GoChain (GO) announced they have “added DISH Network, a Fortune 250 company, as a signing node on GoChain’s public network.” DISH is a leading satellite and streaming TV company in the U.S.

[7] Compound – an Ethereum-powered, open-source protocol for algorithmic, efficient money markets – announced the deployment of Compound v2 on the Rinkeby testnet . For those wanting to learn more, I suggest reading through the v2 documentation.

[8] Twitter user ‘notgrubles’ has been beamed an anonymous Blockstream transmission with instructions and first clues – which include GPS coordinates – to a US$1M Bitcoin treasure hunt dubbed Satoshi’s Treasure. Super cool!

[9] Former co-founder and CEO Path and founder of Slow VenturesDave Morinis joining Blockstack PBC as an advisor. Morin was also a former Facebook manager who co-created the Facebook Platform and Facebook Connect.

[10] Another 2-4% increase to the Dai Stability Fee (i.e., bringing it to 13.5-15.5%) looks a possibility come Friday’s executive vote at 16:00 (UTC). At the time of publishing, the amount of MKR backing a 3% increase is the largest of the five listed options. Click here for the corresponding r/mkrgov post.

Want to see all 17 parts of today’s thread? All you have to do is click below!

I compose threads like these several times a week. Following @mwill_crypto will allow you to read them hot off the press. If you loathe a clogged feed then, by all means, give me the flick and follow @NuggetsNewsAU instead. They actually do interviews and what not. Whereas I…well I just tweet about them!