Launch of the liquidity solution for Ethereum 2.0 validators + other news

November 11, 2020 Coin Payment

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Get your daily summary of cryptoasset and blockchain related news, investigating the stories flying under the crypto news radar today.

Ethereum News

Binance claimed to have awarded a $ 200,000 bounty to the investigators of the United States Department of Justice after they disclosed his indictment of two people who were allegedly responsible for a Binance hacking attempt in March 2018. At the time, the exchange was offering a $ 250,000 reward for information leading to the arrest of the attackers. “The remaining $ 50,000 will be given out once the attackers are in custody,” Binance added.
Johny Lyu, CEO of the recently hacked KuCoin exchange, She said that the company recovered “84% of the assets concerned” through “approaches such as chain monitoring, contract updating and judicial recovery”. KuCoin has resumed full service of 176 tokens and all others are expected to reopen before November 22, he added.

China Construction Bank partnered with a fintech company based in Hong Kong Fusang to launch the sale of a $ 3 billion debt on a blockchain, the South China Morning Post reported, claiming that this is “the first digital security issued by a Chinese bank on technology.”
The municipal government of Busan, South Korea’s second largest city and port, has set aside a $ 7.1 million tranche of next year’s budget for blockchain technology developments as the city gets serious about its post-COVID-19 mitigation efforts. According to Newsis, the city’s financial executives said the money will be used to bolster Busan’s blockchain regulatory sandbox efforts, which has seen a number of major cryptocurrency and blockchain companies move to the city. The city also wants to spend money on contactless technology advancements, which could also use blockchain technology.
Beijing’s Haidian District could move to ensure that lawyers operating in the neighborhood use blockchain-based legal operator licenses. According to China Email, the Haidian Justice Bureau will work with the district’s specialized blockchain adoption unit to issue paperless permits, providing a “convenience boost” for lawyers who have been bogged down with slow and heavy protocols.

65 crypto mining farms have been registered in Abkhazia since mining in the country was legalized, according to the daily EA, citing the state’s de facto deputy finance minister. As previously reported, Abkhazia recently listed a total ban on cryptocurrency mining, but has imposed new laws requiring all miners to register with the government and declare the nature of their activities. Unauthorized mining efforts will be punished, the deputy minister said, with mining fines and bans of up to 90 days.

Former Commodity Futures Trading Commission President Gary Gensler, considered pro-cryptocurrency and blockchain expert, has been chosen to lead the financial policy transition team for US President-elect Joe Biden.

ShareRing, a decentralized sharing economy startup, said Japan’s leading online booking platform Rakuten Travel Xchange it will be integrated into the ShareRing system. ShareRing’s platform will provide access to Rakuten Travel’s offerings via a self-sovereign identity platform where everything from documents to vehicle information can be stored in one place and only accessible to the traveler, they said in an announcement. by email.

Balancer Labs, the developer of “a protocol and non-custodial portfolio manager designed for programmable liquidity,” he said Panther Capital is Alameda Research made an unspecified investment in Balancer through the direct purchase of BAL tokens from Balancer Labs treasury. “This new funding will help grow the Balancer Labs team as the development of Balancer V2 grows,” they said.