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BIG Weekly Newsletter

October 28, 2021
Issue: No 103

A Message To The Reader

Welcome to the BIG weekly Newsletter.

This week read about how Bitcoin overtakes Swiss Franc to become world’s 13th biggest currency, why Mastercard and Bakkt strikes up crypto partnership and how Tesla informs SEC it may restart transacting in cryptocurrencies.

Each week we focus on Blockchain Education Basics, so you can improve your understanding this week the topic is Byzantine generals problem.

Remember to listen to our Partner Podcasts - THE SWISS ROAD TO CRYPTO with Didier Borel.

This week read the Voice of the Customer for DLT and DLT – Streams Update from ISSA.

We offer a free consultation with access to the blockchain insights. Book your free consultation with us here.

Mauro Cappiello
Founder, Blockchain Innovation Group AG

BIG SERVICES

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BLOCKCHAIN EDUCATION BASICS

BYZANTINE GENERALS PROBLEM - is a condition of a computer system, particularly distributed computing systems, where components may fail and there is imperfect information on whether a component has failed. The term takes its name from an allegory, the "Byzantine Generals Problem", developed to describe a situation in which, in order to avoid catastrophic failure of the system, the system's actors must agree on a concerted strategy, but some of these actors are unreliable.

BLOCKCHAIN HEADLINES

Bitcoin overtakes Swiss Franc to become world’s 13th biggest currency
Bitcoin has overtaken the Swiss Franc to become the world’s 13th largest currency by market cap. The cryptocurrency overtook Switzerland’s currency after a remarkable surge this week took its price to a new all-time high above $66,000.

INDEPENDENT

        Mastercard and Bakkt strikes up crypto partnership
        Bakkt will extend Mastercard’s ecosystem of cryptocurrency partners enabling Crypto-as-a-Service, providing quick access to cryptocurrency capabilities.

        FINTECHNEWS

        Tesla informs SEC it may restart transacting in cryptocurrencies
        Tesla, has informed SEC in a quarterly filing that it may restart the practice of transacting in cryptocurrencies for its products and services. Tesla suspended accepting bitcoin in May, citing environmental concerns.

        BITCOIN

        REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)

        Blockstream raises $16M for its Bitcoin mining STO in a matter of hours
        Major blockchain technology company Blockstream has completed six tranches of its Bitcoin mining security token offering, securing a total of 30.9 million euros. Blockstream officially announced that the company raised 13.9 million euros.

        COINTELEGRAPH

            DFSA's new regulations on investment tokens
            The Dubai Financial Services Authority, the independent financial regulatory agency of the special economic zone, the Dubai International Financial Centre, has launched a set of regulations on investment tokens.

            ARABIANBUSINESS


                Republic may build a secondary exchange for digital securities, fueled by $150 million in new funding
                The company is hinting at big ambitions to expand on what it has already built to create, potentially, a compliance-focused marketplace for digital securities.

                TECHCRUNCH

                    FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)

                    Partior’s blockchain governance explored. Roadmap includes CBDC
                    The blockchain-based interbank payment network founded by JP Morgan, DBS Bank and Temasek. Partior's focus is on money, including “programmable money through central bank digital currency (CBDC)”.

                    LEDGERINSIGHTS

                    ECB invites tech experts to join CBDC debate
                    The European Central Bank is inviting technology experts to take part in online technical talks to explore options for the design of a central bank digital currency.

                    FINEXTRA

                    Bank of England mulls CBDC models in technology engagement forum
                    When the Bank of England issued a discussion paper on central bank digital currencies (CBDC), it outlined a so-called platform model. This is a centralized solution in which the Bank would operate a payment ledger that records all transactions.

                    LEDGERINSIGHTS

                    CRYPTOCURRENCIES, DeFi and NFT

                    On-Chain Data Shows Surge In Stablecoins Supply Pouring Into Bitcoin
                    On-chain data shows a recent rise in the number of stablecoin addresses sending to exchanges, suggesting an increase in dry powder supply pumping into Bitcoin.

                    NEWSBTC

                    Immunefi to bolster DeFi security service with new funds
                    DeFi security platform Immunefi has announced a $5.5 million fundraise from a group of 11 institutional investors, including Blueprint Forest, Electric Capital, Framework Ventures and Bitscale Capital, in addition to a series of private individuals.

                    COINTELEGRAPH

                    New Adobe Photoshop Feature to Support NFT Verification on Marketplaces
                    The creator of the world’s most popular digital creators software, Adobe, is angling toward non-fungible tokens. A new feature on Adobe Photoshop will allow artists to prove they are the the creators of artwork on NFT marketplaces.

                    COINDESK

                    RECOMMENDED INDUSTRY REPORTS AND BOOKS

                    Digital Assets: Finstar Space magazine
                    Innovative ecosystems are emerging around digital assets. The Finstar and Hypothekarbank Lenzburg teams want to be at the forefront so that they get to know the possibilities of the technology and the customers of the new opportunities that can benefit.

                    FINSTAR

                    Voice of the Customer for DLT
                    The key findings are that, although there has been a move into digital assets, only 40% of the respondents are active or about to become active in digital assets within the next two years. The
                    majority of those who will invest will hold less than 1% of their portfolio in this asset class.

                    ISSANET

                    PODCAST SERIES

                    THE SWISS ROAD TO CRYPTO PODCAST

                    In this podcast Didier Borel discovers people in Switzerland playing an active role in crypto and tech. He talks to entrepreneurs, tech innovators and disruptors shaping the future in this country. Switzerland has always played a key role in banking and has recognized the need to foster innovation.
                    2976666-1600875405933-1de4771ae30e6

                    UNCHAINED PODCAST

                    Laura Shin is a crypto/blockchain journalist and host of the Unchained and Unconfirmed podcasts. As a former senior editor of Forbes, she was the first mainstream reporter to cover crypto assets full-time. She gives an overview to all experts and novices alike on the use cases making a real impact, and their vision for the future of this innovative technology!
                    Unchained podcast

                    UPCOMING EVENTS

                    CRYPTO VALLEY CONFERENCE 2021
                    Oct 28-29, 2021
                    12:00 PM CEST


                    LA BLOCKCHAIN SUMMIT
                    Nov 03, 2021
                    12:45 PM PDT


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