The Boston FED suggests that CBDCs be designed with high levels of privacy, similar to those offered by fiat money. A new potential millionaire thanks to a flash loan on Ethereum. This and more news in this daily summary so that you are always informed with the events. latest that occur within the crypto world.
📍 The director of research at the Federal Reserve Bank (FED) of Boston, Robert Bench, considers that privacy should be a fundamental and priority aspect during the creation and issuance of a Central Bank digital currency (CBDC). During his speech at a panel of the Chamber of Digital Commerce, Bench assured that privacy must be at the core of CBDCs, arguing that citizens should not accept less freedom and privacy than they enjoy with fiat money or currency in cash.
During the webinar «Dollar Digital Live», this Boston FED executive stated that the development of the CBDC for the digital dollar must get inspired in Bitcoin.
📍 In DeFi, an expert decoder earned a total of $5 million from an $80.000 flash loan using the protocol Aave de Ethereum. Although the decoder did not have to use or risk its own funds to execute the operación, if you had to pay a commission fee of 57$ USD, which compared to your 5 million prize, is really minuscule.
📍 Galaxy Digital, a financial services company that seeks to bring the potential of cryptocurrencies, and digital assets towards traditional finance, announced the acquisition of two new firms to strengthen their objectives and expand their reach in the market. The two companies recently acquired by Galaxy Digital are: DrawBridge Lending, an innovative digital asset and structured products lending firm and Blue Fire Capital, a proprietary trading firm specializing in market making and bilateral liquidity for digital assets.
With these two acquisitions, Galaxy Capital seeks to expand its position as a reference trading desk in digital assets and grow its portfolio of services for the commercialization of different products.
📍 Dash, a cryptocurrency based on Bitcoin, invites all operators masternodes of the network to be updated as soon as possible to its new version v0.16, activated at the end of September. According to the release, the network has sufficient adoption, with 79% of masternodes updated to this new version, so it plans to activate Spork 21 starting tomorrow, November 17. This mechanism will be activated to prevent hard forks or hard fork unannounced, so the updated masternodes will conduct a graded vote on those still running older versions of the network.
“Once Spork 21 is activated, upgraded masternodes will begin voting to increase the Proof of Service Score (PoSE) of any masternodes running an older version.”
Masternodes that receive a low rating and do not update to the new version will be deactivated from the network, as indicated by Dash Core Group.
📍 The Financial Market Commission (CMF) of Chile published a bill of law that seeks to regulate public financing platforms, (known as Crowfunding) and other Fintech activities related to the stock market; It also introduces new concepts to the country's legislation, such as financial instruments derived from digital assets. However, the proposal clarifies that it does not include regulations for those digital assets that are used as a means of payment, but stated that the entity is working together with the Central Bank of Chile to regulate this sector of the crypto industry.
📍 At press time, the price of Bitcoin (BTC) fell below the $16.000 USD level. Analysts suggest that the rise seen in recent weeks could be exaggerated for the cryptocurrency in such a short period of time, so a correction in the markets was expected.
The current value that Bitcoin maintains at the time of this edition is 15.96$9 USD, with a market capitalization of $296,1 billion and a daily trading volume of $19,1 billion. Until now, 2020 high reached by BTC is $16.414,7 USD.
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