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1. The US Treasury Department is concluding a series of tests of a blockchain-based platform that monitors grant payouts. The agency is nearing the completion of a proof of concept program that would track the letter of credit for recipients of financial grants. The blockchain-based program tokenizes letters of credit which are transferred to grantees through peer-to-peer transactions. The process enables the Treasury Department to monitor the release of grant payouts from the government’s purse to qualified recipients. Read Full on The Daily Hodl
2. Bitcoin ads were shown during a Premier League match between Tottenham and Liverpool last night. The ads were seemingly taken out by the trading platform eToro which last year signed a deal with Brighton & Hove Albion, Cardiff City, Crystal Palace, Leicester City, Newcastle United, and Southampton where all these clubs were paid in bitcoin for advertising opportunities. The Premier League is one of the most watched sport season and claims they’re watched by about 70% of the UK population in total. Read Full on Trustnodes
3. The high-throughput public blockchain platform, Zilliqa has made transactions with its native cryptocurrency, ZIL, private and anonymous under a new partnership. Zilliqa noted it partnered with Incognito Chain, a privacy-focused blockchain solutions provider, to take its token completely private, enabling users to make transactions without letting their details go public. Privacy is highly essential in the quest to provide solutions for the mass audiences, and to traditional industries. Read Full on CryptoNinjas
4. Cryptocurrency market research firm Arcane Research claims Bitcoin (BTC) trading volumes more than doubled in a week. Per the report, the 7-day average daily trading volume has seen a 126% increase in a week at the start of 2020, with almost $1.5 billion traded just on Jan. 8. The report reads: “The market recovered sharply from the disappointing $192 million that were traded on Jan. 1.” The report also notes that the activity on Bitcoin’s blockchain also showed a renaissance, with the number of transactions climbing 5% in a week. Read Full on Cointelegraph
5. Iraqi officials told US government is threatening to cut off access to its central bank account held at the Federal Reserve Bank of New York. Such a move could further destabilize Iraq’s economy. Gabor Gurbacs, digital asset strategist at New York-based investment management firm VanEck, argued that, the weaponization of fiat currencies, central banks will continue during conflicts and everyday life. It’s only matter of time people will start adopting independent, apolitical, non-sovereign currency and payment railways, such as Bitcoin. Read Full on twitter
6. Blockchain software development firm Block.One released EOS.io 2.0, the software underlying the EOS blockchain. Block.One claimed that the update makes the blockchain “faster, simpler, and even more secure.” New software includes a purpose-built WebAssembly (WASM) engine on which the EOS smart contracts run. This change is expected to improve the performance of smart contract execution, given that it is supposedly up to 16 times faster than the engine used in the previous version. Read Full on Cointelegraph
7. Cryptocurrency derivatives exchange FTX has launched Bitcoin (BTC) options trading on Jan. 11. FTX CEO Sam Bankman-Fried announced in a tweet yesterday that options were listed on the trading platform. Furthermore, later the same day he also claimed that options trading volume on the exchange reached $1 million in about 2 hours. FTX is the eighth top crypto asset exchange based on volume, with $277,8 million traded over the last 24 hours. Read Full on Cointelegraph
8. Justin Sun has responded to a major Bitcoin proponent on Twitter, offering to pay him one million TRX for all the ‘publicity’ he’s given to the TRON project. Approximately equivalent to 1.56BTC, or over $12,000, it’s a sizable payout for a self-proclaimed troll. The announcement came after user @udiWertheimer complained that Sun never pays his troll shills. This, according to Wertheimer, is vastly different than other projects like Consensys and the Ethereum Foundation. Read Full on BeInCrypto
9. Traditional asset management firm WisdomTree Investments, with over $60 billion in client assets, plans to launch its own regulated stablecoin in the U.S. The stablecoin will be pegged to a basket of assets, such as gold, fiat currencies or government debt . WisdomTree wants the Securities and Exchange Commission (SEC) to approve and regulate its upcoming stablecoin. WisdomTree aims to get ahead of rivals BlackRock and Fidelity Investments in the digital currency space. Read Full on The Block