Ethereum 2.0 Around The Corner?
The world’s most famous Altcoin, Ethereum continues to develop the next stage of its evolution with the sharding-enabled Ethereum 2.0, a group of developers will focus on the existing chain to maintain its operability during the transition. Dubbed Ethereum 1.x, the project’s goal is to maintain Ethereum’s (ETH) usability while the Serenity upgrade is being worked on.
Swiss Crypto Bank Raises $95 Million In Funding Round
Seba, which is a relatively new Swiss-based digital asset bank holding regulatory licensing, looks to attempt a secondary capital raise to garner over $95 million in additional funds. During the raise, Seba aims to secure 100 million Swiss francs, which is about $96 million, “from new investors, including financial institutions, family offices and individuals,”.
EU AML Regulations May Be Bad For Blockchain
On The 10 Of Jan this year, the European Union’s 5th Anti-Money Laundering Directive (5AMLD), was officially signed into law. The legislation will give sweeping powers to compliance organizations and law authorities. Aside from tracking dirty money to offshore paradises, the law brings about a series of restrictive demands on crypto companies in a way never seen before.
What Will Blockchain Do For Oklahoma?
Mr. Nathan Dahm who is a senator from the great state of Oklahoma wrote a new bill for his state which looks to build a state-backed innovative financial institution around blockchain technology, establishing a new classification of institutions. He said speaking about the legislation: “I’ve always been interested in cryptos since bitcoin first came out but once I heard what Wyoming (especially Rep Tyler Lindholm) was doing I decided to pursue something in Oklahoma,”
Grayscale – $600 Million Dollar Rise In Institutional Investment
Grayscale — which is one of the most well-known institutional investment firms in the crypto space — has revealed that institutional investment into crypto went sky-high in 2019., Grayscale recorded inflows of more than $600 million in 2019, which is more than the inflows from 2013 through 2018 combined. It is perhaps surprising that Grayscale has seen record crypto investment levels, especially if you consider that nine out of 10 of its products have seen losses in 2019.