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In this issue:
- Sablier releases v1 of its protocol for continuous, trustless payments
- BTCPayServer lets users spend from their favorite hardware devices
- ACINQ launches Phoenix, a user-friendly Lightning wallet
- Coinbase Pro enables sub-accounts for different trading strategies
We also cover Tradeshift’s FlowTokens, tokenized IOUs that slash the cost of cross-border settlements.
All that and more in this week’s issue. But first, here’s some…
🚀 Updates From Nomics
- Nomics Update #1: We’ve improved the layout for our cryptoasset pages with a fresh design and user experience. We consolidated content and placed price charts, market cap, volume and other indicators at the top of the new Overview tab. See the screenshot (below) or check out the Litecoin price page for a live example.
- Nomics Update #2: Last week, we debuted the Type column, which identifies whether a market is trading on a Derivative or Spot exchange. Since then, we’ve added more features to the Markets tab. If a market is excluded from our aggregate price calculation, it is now marked with an asterisk. If it is excluded from our aggregate volume calculation, it gets a double asterisk. In both cases, the notation (* or **) is matched with a footnote. We also identify when a market is excluded from aggregate price calculations for failing to update within the past 24 hours. These markets are grayed out and accompanied by an info tooltip. The screenshot (below) is from the Deribit Markets tab.
- Nomics Update #3: On December 9th, we held a webinar with Ricky Tan, founder of TokenData, a cryptocurrency research organization. The webinar, entitled How Mergers & Acquisitions Are Shaping the Cryptocurrency Industry, covered a range of topics including an overview of crypto M&A trends and a look at the future of the practice. Catch the replay here.
And now, let’s see what the cryptocurrency world has brought us this week.
😎 Cool Products
- Sablier has released v1 of its protocol for continuous and trustless payroll. The Ethereum-based DApp enables users to “stream money” as simply as inputting a deposit amount and duration. The primary use case is payroll, but the possibilities are endless. Colleges could use Sablier to stream scholarships, parents could stream allowances, tenants could stream their rent. At present, Sablier supports payments in Dai (DAI), Sai, USD Coin (USDC), and Compound’s Dai and USD Coins. [Link]
Remember when I mentioned a while back that with smart contracts we should be able to just replace recurring payments with continuous streams? Looks like someone actually did it… https://t.co/ihu5L1emnc
— vitalik.eth (@VitalikButerin) December 18, 2019
- Open-source Bitcoin payment processor BTCPayServer has launched Vault, an interface that lets users spend funds with Ledger, Trezor, BITBOX, KeepKey, and Coldcard devices. [Link]
- Meanwhile, project contributor Dennis Reimann shows how BTCPayServer can be integrated with M5StackSats, a DIY Bitcoin point-of-sale terminal. See below.
- Blockstream has released v0.8.0 of its Lightning Network implementation, c-lightning. The new version makes the Bitcoin mainnet the default for network transactions and enables the receipt of multi-part payments. [Link]
- Helium keeps on growing. The wireless, P2P “People’s Network” relies on LongFi technology to share data across distances and incentivizes participants with Helium Network (HNT) tokens, which are mined by Helium hotspots as they verify the network’s integrity. For a real-time coverage map, see here.
- ACINQ, the team behind the Eclair wallet, has introduced Phoenix, a mobile Lightning wallet that offers a similar experience to a traditional Bitcoin wallet. For a few trade-offs (which ACINQ openly details), users enjoy access to instant and inexpensive Lightning Network transactions without the hassle of managing channels or updating backups. [Link]
- Samourai released the Dojo software suite so users could configure a full Bitcoin node to pair to a Samourai wallet. Unfortunately, many found this process to be technically difficult. In response, Samourai developed Ronin to enable users to run Dojo on a Raspberry Pi 4 or Odroid N2. For a peek at the installation process, check out the following video. [Link]
- The Argent wallet has integrated WalletConnect, an open-source protocol for engaging with desktop DApps via QR code. This means that Argent Wallet users no longer need a browser extension to access DApps like PoolTogether. For a demo, see below. [Link]
- Anthem is using blockchain to secure and manage patient health records. The insurer, which is the second-largest in the United States, is piloting a blockchain-based program that lets members share health records via mobile app. Anthem plans to expand the program to all 40 million members beginning in 2020. [Link]
- Thailand will be using blockchain to streamline its Visa On Arrival system, much of which is still paper-based. The system will be piloted with visitors from China and India but is expected to be expanded to travelers from 20 different countries. [Link]
- The blockchain-enabled Brave browser now boasts 350,000 rewards publishers, content producers who take payment in Basic Attention Token (BAT). The total represents a year-over-year increase of more than 800%. [Link]
- Supply chain payments network Tradeshift has slashed the cost of cross-border trade by using FlowTokens, tokenized IOUs hosted on the Ethereum blockchain. In a trial, the company settled a €1024 transaction for 17 cents and a €512 transaction for 16 cents. Through the Automated Clearing House – commonly known as ACH – those settlements would have cost between 20 cents and $1.50 each. [Link]
- Tornado.cash, a tool that enables anonymous transactions on the Ethereum network, has upgraded to v2. The new version adds support for tokens like Dai, Tether (USDT), and USDC. It also raises ETH deposit limits, lowers the cost of withdrawals, and lets relayers use Ethereum Name Service domains. [Link]
- Borderless Crypto guest Jürgen Michels suggested that the price of Bitcoin could reach $90,000 after the Halving in 2020. The statement is significant because Michels is not a crypto project founder or a Twitter personality. He is the Chief Economist at BayernLB, a state-owned German bank. [Link]
- State Street Bank is piloting a program to track Bitcoin and Ether stored with Gemini. The bank is attempting to discern how easily it can consolidate the reporting of cryptoassets with traditional assets in order to enable its customers to hold both. [Link]
- Coinbase Pro has launched Portfolios to let traders and asset managers create segregated environments or sub-accounts to run different trading strategies. The service simplifies reporting – reports can be generated globally or by sub-account – and permits the free exchange of cryptoassets across sub-accounts. [Link]
- Shapeshift has announced support for the Ledger Nano S and Nano X hardware wallets. Every Ledger user who signs up will receive 100 FOX tokens, each of which is good for $10 of zero-commission trading volume on a rolling 30-day basis. [Link]
- Cryptocurrency exchange Kraken has acquired Circle Trade OTC to add liquidity depth, improve automation capabilities, and expand into Asian markets. Circle sold the OTC desk in order to devote more energy to its stablecoin, USDC. [Link]
- Starting December 23, OKEx customers will be able to stake Dai and earn the Dai Savings Rate (DSR) – currently 4% – plus an additional reward. With the announcement, OKEx becomes the first major crypto exchange to integrate the DSR. [Link]
🏆 Our Weekly Poll
In our last poll, we asked you about crypto derivatives exchanges. Here are the results:
This week, we want your take on cryptocurrency tax software. For the first time in years, the IRS has published guidance on cryptocurrency taxes. Which crypto tax software will you be using?