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1. Trading platform Uphold has added pound sterling support, users can trade cryptocurrencies via payments from U.K. bank accounts. The new connectivity launched into beta Wednesday and is expected to become publicly available on Jan. 21. Near-instant transfers will soon also be enabled through the U.K.'s Faster Payments Service (FPS) in the coming weeks to make zero-fee deposits with bank cards, which can settle in seconds using FPS. Uphold has more than 1.7 million users globally and a cumulative volume of $6 billion. Read Full on CoinDesk
2. JPMorgan’s blockchain spin-off Kadena has fully launched its public blockchain, completing what it calls the “industry’s first hybrid blockchain platform.” Kadena’s public blockchain includes full transactions and the ability to write smart contracts. As the launch completes Kadena’s hybrid blockchain platform, the fully functional hybrid blockchain enables the connection of a public chain with a private network. Kadena claims its hybrid blockchain can process 750 transactions per second. Read Full on Cointelegraph
3. Popular cryptocurrency exchange Bitfinex has just moved over $1.1 billion worth of the flagship cryptocurrency bitcoin for a transaction fee of only $80, creating the network’s second-largest address. No government, bank or third party had to verify the transaction, nor could they have stopped it if they wanted to. It shows the true power of bitcoin. The price of Bitcoin has seen a rise of over 7% under 24 hours going from nearly 8,100 dollars to over 8,850 dollars in a matter of hours. Read Full on CryptoGlobe
4. The Sacramento Kings will auction off starting guard Buddy Hield’s game jersey from Wednesday’s game using a blockchain-powered marketplace. It would be auctioning off team memorabilia live using an ethereum-based platform operated by Treum, a supply-chain product. During home games, Kings fans can bid on gear worn by players on the team. A digital token which will contain data detailing the game, season, player and timestamp will represent proof-of-ownership for items, and will be held by the item’s owner. Read Full on CoinDesk
5. Blockstream’s Liquid sidechain is now integrated with BTCPay Server, the self-hosted bitcoin payment processor. Liquid’s confidential asset tech – a privacy protocol that blinds typical blockchain transaction information – is now part of the BTCPay suite of payment options. Instead of operating on the bitcoin network, which, according to rule of thumb, requires six confirmations to be considered settled, Liquid can finalize transactions in two minutes through its federated sidechain. Read Full on CoinDesk
6. IOTA (MIOTA) remains one of the most active DLT projects currently in existence, with team members working tirelessly to ensure the project’s dream of revolutionizing the internet of things ecosystem comes to fruition. In the latest development, Software AG, a Germany-based multinational enterprise-grade software provider that boasts more than 10,000 customers scattered across 70 countries in different continents, has made it clear that it’ll integrate virtually all IOTA’s solutions into its processes shortly. Read Full on BTCMANAGER
7. The for-profit developer behind Zcash (ZEC), Electric Coin Co. (ECC), has released a set of resources to facilitate the implementation of shielded transactions on mobile. The developer released a complete set of Software Development Kits (SDK) versions for both Android and iOS. While the former was an update of the 2019 version, now supporting the Zcash mainnet, the latter was created anew to provide equivalent functionality for Apple devices. Backend service designed for mobile clients to connect to the Zcash blockchain. Read Full on Cointelegraph
8. Cryptocurrency exchange and custodian Gemini has launched a insurance company, dubbed “Nakamoto,” licensed by the Bermuda Monetary Authority. Nakamoto will provide $200 million worth of coverage to Gemini customers for assets held in offline or “cold” wallets. Gemini said it is the “largest” limit of insurance cover currently available by any crypto custodian in the world. Cameron Winklevoss, said insurance is “one of the main barriers to crypto mass adoption” and via Nakamoto the firm plans to address the issue. Read Full on Coindesk
9. A renewed effort to create a de minimis tax exemption for day-to-day cryptocurrency purchases has begun in the halls of the U.S. Congress. The Virtual Currency Tax Fairness Act of 2020, published Thursday by Washington, D.C.-based crypto advocacy group Coin Center, was introduced by Congresswoman Suzan Delbene of Washington and Congressman David Schweikert of Arizona. The goal of the new bill is to exempt transactions involving cryptocurrencies if the calculated gain in question is below $200. Read Full on The Block