Ripple's partner licensed e-payments

According to Business Review, the global financial project Nium, which is a partner of Ripple, received a license from a British financial regulator for the emission of electronic money (EMI).

The license issued by the Financial Supervision Authority (the financial regulator of Belarus) will allow Nium to expand the provision of global financial B2B services for food and beverage.

Online retailer Galaxus started using DCHF stablecoin

Switzerland's largest online retailer Galaxus partnered with Coinify to make the first payment using the digital Swiss franc DCHF issued by Sygnum Bank.

Sygnum Bank, Coinify and Galaxus have announced the world's first e-commerce transaction using the bank-issued Sygnum Digital Swiss Franc (DCHF) stablecoin pegged to the Swiss franc at a 1: 1 ratio.

DCHF eliminates the need for a bank card system, reduces costs and the likelihood of fraud, and processes transactions in real time, the companies note. The transaction was initiated by the cryptocurrency platform Coinify. Using DCHF for e-commerce payments reduces costs for online retailers by eliminating credit card systems and protecting against fraud, and simplifying and accelerating the buying process for customers.

The companies say this link between the digital and traditional economies could revolutionize the e-commerce industry and create direct connections between consumers and online stores. “With DCHF and other digital currencies, the future of money is returning to its roots. The exchange between the two parties is instant and easy, ”Coinify CEO Mark Hoygaard said in a statement.

Galaxus CFO Thomas Fugmann emphasized that enabling customers in Switzerland and Liechtenstein to make payments in an online store using stablecoins improves the user experience and improves their experience with Galaxus. The regulated bank Sygnum holds one Swiss franc as collateral with the Swiss National Bank for each DCHF it generates in its clients' accounts.

DCHF also supports Sygnum's tokenization solution, which generates digital versions of blockchain assets, such as company and real estate shares, that can be safely sold, paid for, and delivered instantly. Sygnum's Chief Operating Officer Martin Burgerr said. “This deal is further proof of the value of DCHF Sygnum and its potential to drive digital transformation in major global industries such as e-commerce and payments. We continue to innovate and develop partnerships like this to accelerate the development of the global digital asset economy. ”

The amount of BTC on the wallets of miners increased

The volume of bitcoins held in miners' wallets has reached 1.82 million BTC. According to Glassnode, this is the highest value in the last two years.

Former director of the leading pool F2Pool Thomas Heller believes that the reluctance of miners to sell bitcoins is a positive signal for the price of bitcoin. In a comment to CoinDesk, he noted that they are now ready to wait for more profitable levels to sell.

The vice-president of the GRIID mining company Harry Sudok admitted that the decrease in sales rates was due to the transition of miners to new equipment. According to his estimates, this period takes about six months. During this time, miners sell cryptocurrency only to cover current costs.

The growth in the volume of BTC on the accounts of miners may also be associated with the emergence of new pools. Little-known firm Lubian.com began to show activity in April, and three weeks later moved into sixth place in terms of hash rate. The pool currently accounts for 4.4% of bitcoin's computing power, according to BTC.

It is worth noting that the Antpool and BTC.com pools have lost their leadership in the hashrate of the bitcoin network. On September 16, BTC.com lost the first place, which it occupied in recent years, to another Chinese pool, Poolin, whose hash rate at some point was 13,378.00 Px / s. In the first half of 2018, the hashrate of Bitmain mining pools (including BTC.com, AntPool and ViaBTC) approached a dangerous 51% threshold, which raised serious concerns about a 51% attack. In the summer, the BTC.com pool suddenly started mining Bitcoin SV (BSV).

Exchanges will soon be forced to introduce a "whitelisting" system

BlockTower Capital investment director Ari Paul expects that within a year or two, most crypto exchanges will be forced to introduce a whitelisting system. The withdrawal of assets will be available only to the addresses provided in them.

  • “There will be two separate ecosystems: for 'clean' coins that can be tracked to a regulated institution, and everyone else,” predicts Paul.

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He notes that all major exchanges are already taking active steps to comply with the requirements of financial regulators. “Recently they were told that they are working outside the legal framework. The question is when will the enforcement action begin, ”he adds. Paul admits that law enforcement can be loyal, as in the scenario with the pursuit of ICO projects, but it can also be tough. In any case, he expects the emergence of a "gray" market, and "laundering" coins so that they can be introduced into a regulated system will become big business, as in the space of traditional finance.

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Coin Center Research Director Peter Van Valkenburg noted that in some countries, for example Switzerland, there are indeed proposals to limit external transactions with exchanges with addresses, the ownership of which will be confirmed to the sender. CSO Cointelligence Hosam Mazavi said the first phase of this process has already begun, as most exchanges use anti-money laundering tools that are capable of tagging addresses.