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Get your daily summary of cryptoasset and blockchain related news, investigating the stories flying under the crypto news radar today.
Crypto Adoption News
- The giant of accommodation reservations Airbnb made a startling reference to cryptography and blockchain in a prospectus for its initial public offering (IPO) proposal. The firm registered the prospect with the US regulatory body Securities and Exchange Commission (SEC). In the document, the company says its “future success” will depend on its “ability to adapt to emerging technologies”, including “tokenization”, “cryptocurrencies” and “blockchain technology”. “As a result, we intend to continue to spend significant resources to maintain, develop and improve our technologies and platform; however, these efforts may be more expensive than expected and may not be successful,” they said.
- The wannabe minds of a blockchain-powered CNY bond offering may have pulled the plug at the last minute after the issue’s Chinese “main sponsor” appears to have developed cold feet. A firm called Longbond had been set to launch the bonds on Friday last week with the China Construction Bank (CCB) the branch in Labuan, Malaysia, which acts as the lead arranger in the transaction, and the Fusang exchange then set up to trade bonds with bitcoin (BTC) and USD. However, it appears the CCB was dissatisfied with the way the story was reported in the media. First came an express denial of BTC-related business plans, after which Caixin reported that there had been an “unexpected delay”, with Fusang saying the issuance had been postponed “until further notice”.
Trading news
- After bitcoin’s bull run over the past month, November’s average exchange-traded commodity (ETP) volumes increased 53.5% to $ 173.5 million per day, according to CryptoCompare data. Grayscale Bitcoin Trust product it currently represents the largest market capitalization of all ETP products with $ 9.1 billion. This is a 56% increase from 30 days ago. The OTC-traded product has set a record $ 215 million in weekly inflows over the past month, they added.
Mining news
- Core Scientific, a leading provider of digital asset mining infrastructure in North America, announced that it has partnered with Argo Blockchain plc, the UK-based publicly traded cryptocurrency miner, to host Argo’s Antminer S19s at Core Scientific’s US facilities. Argo’s decision to host with Core Scientific will expand their mining operations in North America, they said in an e-mailed press release.
- Cryptocurrency mining continues to grow in Abkhazia, with power outages reported across the state. Opposition leaders took to social media to ask the government to act immediately. In a Facebook post by the newly formed opposition organization, the Abkhaz People’s Movement, a group of politicians blamed the government for its recent decision to legalize crypto mining. The group said the move has left people “without light and heat for hours on end” – with the bitter cold of winter approaching. Earlier this year, the state-owned energy provider warned that the grid was under enormous stress.
M&A news
- Large blockchain company focused on Ethereum ConsenSys said he acquired the team and technology of Truffle. Among the blockchain development tools, Truffle Suite is a development environment, test framework, and resource pipeline all rolled into one. Terms of the acquisition were not disclosed.
News on Blockchain and DLT
- Blockchain technology does not solve the fundamental security problems suffered by all electronic voting systems, according to a new draft document by WITH. Furthermore, blockchains can introduce new problems that non-blockchain-based voting systems would not suffer from. Furthermore, electronic, online and blockchain-based voting systems are more vulnerable to major failures than available paper-based voting alternatives. Also, given the state of the art in cybersecurity, they will continue to be for the foreseeable future, they said.
- Hala systems, a social enterprise that develops technologies to protect civilians from disinformation, said it now uses Hedera Hashgraph (HBAR), an enterprise-grade distributed ledger, to verify the provenance of data and remove centralized control over data. Hala Systems’ core product, “Sentry,” provides early warnings of conflicts and natural disasters to 2.1 million people in Syria.
