Main news
Japan Ripple Investor
After the US SEC’s XRP accusation, Japanese XRP enthusiasts have questioned. Ripple has gained popularity in Japan as a means of remittance, and is a coin supported by SBI, one of Japan’s largest financial institutions, and is regarded as a’cryptocurrency’ rather than a security by Japanese economic regulators.
Liquid Global CEO Mike Kayamori told reporter Sandali Handagama CoinDesk, “The cryptocurrency community believes that they ate a shot through this incident, and it is a kind of a precursor to the possibility of such an event in the future. It seems to be looking at. Other companies are also vulnerable in this regard.”
Resistance of miners
The eight Ethereum mining pools, which account for about 30% of the Ethereum network’s hash power, have formed a similar cartel to resist blockchain updates that lower their mining fees. Vitalik Buterin’s Ethereum Improvement Proposal (EIP) 1559 states that mining fees will be burned to help reduce the volatility of transaction costs.
Large mining pools such as BitFly, F2Pool and Sparkpool are ambivalent about the upgrade, while smaller miners are calling for abolition of EIP 1559.
Trust development?
Grayscale Investment lays the foundation for five new cryptocurrency trusts for chainlink, basic attention token, decentraland, livepeer, and tezos. It seems to be preparing.
Although the release of these investment products has not been confirmed, Grayscale’s’legal trust manager’ has submitted preliminary documents. (Digital Currency Group owns both CoinDesk and Grayscale.)
Bank deposit
Signature Bank announced on the 21st that it has received a total of 10 billion dollars (about 11.5 trillion won) in deposits from customers of cryptocurrency companies through an earnings release.
These amounts make up 16% of the bank’s total deposits and are twice the deposits held by Silvergate Bank, a rival and widely known as the first cryptocurrency bank. An anonymous signature executive said the bank now has’the top 5 cryptocurrency exchanges’ as customers.
SEC accusation
The U.S. Securities and Exchange Commission (SEC), the top investment monitoring body of the U.S. government, has accused a series of unregistered cryptocurrency companies on charges of deceiving them by providing false company information to mostly foreign investors.
Eight out of 28 suspected investment companies announced by the US SEC on the 21st appear to be targeting those who are investing for the first time in cryptocurrency.
Brief news
-Bitcoin ETF: Five reasons to be approved. (Bloomberg Opinion)
-Human Trader: A quant fund (not a cryptocurrency institution) is giving people a chance. (Bloomberg)
-For believers: Joe Wanigenthal sees Bitcoin as a religion. So who is the pope? (Bloomberg)
-Is it possible to implement it? Jack Dorsey’s open-source social media platform Twitter has released a 60-page overview of the decentralized ecosystem. (Blog)
-Let’s get to the point: One famous Bitcoin Core developer looks back on the time he spends developing and argues that Bitcoin should be decentralized. (Blog)
· Translated by NewsPeppermint.
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