Crypto, Data and Privacy in Europe #26: Equilibrium (Chain agnostic framework for stablecoins and DeFi Protocol)
Huobi launched on-ramp in Turkey, Coinbase in Ireland, CoinShares is putting gold on the Bitcoin blockchain and Malta Blockchain week
|Oct 20||Public post|| 1|
This is issue #26 of my European crypto newsletter aiming to give updates on corporates, startups and regulation in 🇪🇺 If you’d like to sign up, you can do so here.
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Thank you Ledger Vault for supporting the crypto European ecosystem 🇪🇺
🙈Who’s behind this? Equilibrium - a multichain framework for crypto-backed stablecoins and DeFi products
This section aims to give the opportunity to introduce some of the best 🇪🇺 founders. Most people loves their products but don’t know who are the founders behind them. Hello World.
Background: I am quite excited to publish this interview as everyone is talking about DeFi and Maker Dao but very few are looking outside of the ETH community.
Hi Alex and Josh, you guys serve as CEO and Chief Counsel of the Equilibrium framework, which provides everyone with a reliable gateway for stablecoins called EOSDT. Can you share a bit about your background?
🐦 Tweets of the week
Jeffrey Kleintop@JeffreyKleintop#Brexit: What's Next https://t.co/y84NlMgYs3
French Bitcoin (BTC) Lightning Network (LN) implementation developer ACINQ introduced its second-generation Lightning Network wallet. It will allow to install, receive and make payment in less than one minute using Lightning
Huobi announced expansion of its services supporting Turkish Lira which will be the first on-ramp for Huobi (Congrats Josh!)
The macro data are pretty bullish; 20% of the Turkish population owns owns cryptocurrency
The Lira is the fifth most popular fiat-crypto pair in the world
Exbet.io, a Bitcoin-native betting exchange competing with Betfair, is now live in beta mode and will launch with a range of major sports
Deribit launched its second insights on Sidechain Design for Bitcoin: tBTC is a recently announced Bitcoin peg on Ethereum. The purpose of cross-chain pegs is to replicate an asset from one chain on another while maintaining as many of its properties as possible. In other words, a cross-chain peg can turn any blockchain into a Bitcoin sidechain
Selling an old thing in a new way: Digital asset manager CoinShares is putting gold on the Bitcoin blockchain
Coinshares worked with wallet provider Blockchain and precious medal trader MKS (Switzerland) SA
Launched earlier this week a gold-backed network for trading tokens representing digitized physical gold
More than $20m in gold is held in a Swiss vault to back up its tokens. Each DGLD token is backed by 1/10th troy ounce
Traditionally, purchasers either buy a synthetic product such as an ETF for convenience, which comes with multiple layers of intermediaries, or buy and vault physical gold
This is an interesting trends of crypto asset managers launching ‘classic alternative assets’ and leveraging the bitcoin blockchain - less regulatory challenges, less investor education and new product opportunity make it attractive
🏦Regulations / Universities
The Oxford English Dictionary officially added 650 words, and one of the words is Satoshi, n.: The smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a Bitcoin. (f. Bitcoin n.at bit n.4 additions.)
“The main advantages are first within the wholesale arena of financial markets. We see that the existing financial infrastructure is outdated. It’s expensive, it takes a lot of time, compliance is difficult.”
The future is (almost) here: A member-owned network for the automation of collateral management and settlement.
Clearmatics , the leader in decentralised digital cash settlement systems and XTX Markets Ltd, Quantitative Market Making firm are planning to launch in 2020 a member-owned network for the automation of collateral management and settlement.
The network will focus on providing its members with a service that automates collateral management processes within financial markets and enables settlement of collateral calls.
In essence, it will help reduce friction in collateral management and ensure capital allocation while reducing cost while reducing the need of central parties (aka investment banks)
📅 Event of the month: Malta Blockchain week
In few weeks, Malta will host its Blockchain Summit expecting 8,500 delegates, 300 exhibitors and 100 start-ups over the two day event
The event will include a wide range of speakers from Larry Sanger, Co-founder of Wikipedia and Ben Goertzel – CEO, SingularityNet as well as the singer Akon launching Akoin or legendary investor Tim Draper
Everyone is talking about San Francisco as the epicentre of everything in crypto. Well, I wanted to shed light on Europe and show how exciting the ecosystem is.
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