WHAT A LONG, STRANGE TRIP: With the 10-year anniversaries of the global financial crisis and the bitcoin white paper approaching, CoinDesk's David Floyd takes stock of how the cryptocurrency's relationship with the establishment it sought to subvert has evolved. As Wall Streeters jump to crypto startups and financial institutions experiment not only with blockchain technology but crypto investment products, the narrative is a lot more complicated than "us versus them." Full Story PARK IT HERE: Speaking of Wall Street-crypto convergence, the South Dakota Division of Banking approved BitGo to be a qualified custodian, meaning it can now store digital assets on behalf of regulated financial institutions. Unlike BitGo's other custodial solutions, the one to be offered through BitGo Trust meets regulatory know-your-customer and anti-money-laundering requirements. The general public has 30 days to appeal the state's decision, but BitGo said it's ready to go live with the new service if and when the period ends without objections. Full Story CHEAT SHEET: Constantinople is a fitting name for the coming upgrade to ethereum. Incorporating five different ethereum improvement proposals (EIPs), it could fairly be described as byzantine. To help readers get their arms around this complex but hugely important code change to the second-largest blockchain, CoinDesk's Christine Kim offers a handy explainer. From improving the network's efficiency to delaying the so-called "difficulty bomb," we break down the key features of the approaching hard fork. Full Story |