Daily Crypto News | 04.12.2020
1- In an interview with Squawk Box at CNBC, the head of federal institution, Office of the Comptroller of the Currency’s (OCC) Brian Brooks said “Nobody’s going to ban Bitcoin.”
2- After launching their initial blockchain project on sustainable urban development in Afghanistan in 2019, United Nations now released another blockchain tool to improve issues like land registration.
3- Jack Dorsey’s Square Crypto is teaming up with Coinbase on forming the Cryptocurrency Open Patent Alliance (COPA).
4- People’s Bank of China (PBoC) and the Hong Kong Monetary Authority (HKMA) is planning their CBDC digital yuan ($e-CNY) pilot for cross-border payments to the special administrative region of Hong Kong.
5- World’s 6th biggest company and 2nd largest bank by market cap, the China Construction Bank (CCB) is partnering with Bursa Malaysia and other firms to develop a blockchain to use in their bond markets.
6- Due to an unknown issue, Solana’s block production had stopped at 13:45 UTC, until it was successfully restored by the network validators after 6 hours.
7- 7,188 $BTC has been bought by Grayscale Investments in under 24 hours, their Bitcoin holdings totaling up to $12.6M.
8- Genesis Block OTC trading company based in Hong Kong acquired OMG Network.
9- Polkadot allies with ChainLink to grow their DeFi ecosystem, as well as launching an incentive program “thousand validators”, to support individuals who are seeking to run Polkadot nodes.
10- Swiss National Bank and the Bank for International Settlements are working on a blockchain based CBDC project, having already 2 proof-of-concepts completed.
11- CEO Changpeng Zhao told Bloomberg that Binance is expected to earn $800M to $1B in 2020.
12- BinanceTR goes no-fee on all of fiat withdrawals and bank transfers.
13- Bitcoin is down 3.6% at $18,740.
14- NEM (XEM) is the highest gainer in top 100 list with a 11.5% daily profit.
15- Ampleforth (AMPL) is the highest loser in top 100 list with a 29.2% daily loss.
