Justin Sun Goes For Another Deal, Bitstamp Gets New CEO + More News

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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Justin Sun. Source: a video screenshot, Youtube, Tron

M&A news

  • Justin Sun‘s BitTorrent Inc. said it plans to acquire live streaming platform DLive.tv and migrate all BitTorrent related services to one unified ecosystem named BitTorrent X. No further details about the transaction were given. The peer-to-peer file-sharing company aims to become “a conglomerate of decentralized storage and data protocols and content distribution platforms.” The entirety of BitTorrent X’s utilities and services will be powered by the BTT token, they added. DLive.tv is one of the leading Esports live streaming platforms in the world with seven million active users and more than 200,000 active content creators, according to the company.

Exchanges news

  • Bitstamp said that Julian Sawyer has become Bitstamp’s new CEO, taking over from their founder, Nejc Kodrič. Kodrič has transitioned to a non-executive role as a member of our Board of Directors, where he will continue to “provide direction.” Julian joins Bitstamp from another crypto exchange, Gemini, where he was the Managing Director for Europe.

CBDCs news

  • Hong Kong could be set to work with the central People’s Bank of China (PBoC) on its digital yuan issuance project. The Hong Kong Treasury Secretary Christopher Hui claimed Hong Kong was “continuing to maintain communication, and exploring the possibility of collaboration with the PBoC” on digital yuan-related matters. Hui opined that if the digital CNY “can be applied to cross-boundary payment, it would further promote the mutual connectivity between the Mainland (including the Guangdong-Hong Kong-Macao Greater Bay Area) and Hong Kong.”

Regulation news

  • The American financial regulatory Commodity Futures Trading Commission (CFTC) has told futures commission merchants to ensure digital assets are stored in segregated accounts to mitigate risk. The commission’s Division of Swap Dealer and Intermediary Oversight Director Joshua B. Sterling stated that the CFTC “is committed to fostering responsible fintech innovation and improving the regulatory experience of registered firms where doing so is consistent with our rules.” Sterling added that a new advisory to merchants “furthers these critical goals and will provide additional certainty as the commission works to establish a holistic framework for digital asset derivatives.”

Adoption news

  • Ant Group, a developer of open platforms for financial services and the parent company of China’s digital payment giant Alipay, has unveiled its new digital copyright services platform powered by AntChain, the company’s blockchain-based technology. The platform’s goal is to help “millions of original creators verify and protect their copyright with greater efficiency and at a lower cost.” The platform also offers identification and search services that can help creators monitor and flag potential copyright infringement.
  • The state government of La Guaira, a northern Venezuela province near Caracas, has taken to Instagram to claim that its Catia La Mar bus terminal and the newly opened Terminal de Pasajeros La Guaira bus station have begun accepting cryptoasset payment. The terminal operators have teamed up with Venezuelan crypto exchange Criptolago, and a promotional image appears to show that the passenger hubs will now accept payments in bitcoin (BTC), ethereum (ETH) and the state-issued petro (PTR).
  • European digital investment platform Bitpanda has announced a partnership with Raiffeisen Bank International (RBI) to implement their Pantos technology on RBI Coin, a digital cash solution for interbank and intercompany payments. Pantos was created as a European Blockchain interoperability project by Bitpanda and the Technical University of Vienna to enable token projects to be independent of a specific blockchain.
  • Privacy coin zcash (ZEC)‘s wrapped version, wrapped zcach (WZEC), is now available on Ethereum (ETH), enabling the holders to use the token in the Ethereum ecosystem, and allowing interoperability of zcash with decentralized applications such as Maker (MKR), Uniswap (UNI), and Compound (COMP). WZEC is developed by crypto firms Anchorage and Tokensoft, with plans to issue more wrapped tokens.
  • Yield cryptocurrency platform Celsius (CEL) has reduced its minimum loan amount to USD 500. It had lowered the loan minimum to USD 1,000 earlier this year, and is now continuing its plan to allow more people to access “fair, transparent, and low-cost” financial services, the company said. Celsius claims that it has to date served over 200,000 customers from over 150 countries and it manages over USD 1.5bn in crypto assets, and that it has secured more than USD 8bn in loan origination.

Blokchain news

  • Energy Web, a nonprofit accelerating a low-carbon, customer-centric electricity system via blockchain and decentralized technologies, and enterprise blockchain software firm R3 have announced a strategic partnership which aims to bring enterprise-grade decentralized settlement to the Energy Web Decentralized Operating System (EW-DOS). Among other benefits, this partnership will enable same-day settlement for devices, businesses, and customers, while the solution will connect R3’s blockchain platform Corda with the Energy Web stack, the partners said.

Investments news

  • O(1) Labs, the team behind Mina blockchain (formerly Coda Protocol) has raised USD 10.9m in a strategic investment round from partners throughout Asia. Bixin Ventures and Three Arrows Capital co-led the round, with participation from SNZ, HashKey Capital, Signum Capital, NGC Ventures, Fenbushi Capital, and IOSG Ventures, among others. The team raised a USD 3.5m seed round in 2018, followed by a USD 15m Series A round in 2019, from investors that included Polychain, Paradigm, Coinbase Ventures, General Catalyst, Accomplice, Metastable, Naval Ravikant, and others.