Major crypto/blockchain news of the day summarized in a way that you don’t miss a single news without having to spend a lot of time.
1. French Central Banker Advocates For Blockchain-Based Settlements in Europe
The central bank of France wants the eurozone to build a blockchain-based settlement system that will move euros more quickly and at less cost than with existing technologies. In a speech Thursday, First Deputy Governor Denis Beau issued some of France’s strongest comments yet in support of distributed ledger technology (DLT), which he said likely solves many outstanding market issues. Read More
2. Exec Embezzles $22M From ‘Influencer’ Marketing Firm, Spends Nearly Half on Crypto Gambling
A U.S. man has pleaded guilty to having embezzled millions from his former employer and splashing the funds on personal expenses and crypto-funded poker. Dennis Blieden committed the crimes while an executive at StyleHaul Inc. – a firm that provided marketing services for social media “influencers.” According to a U.S. Department of Justice news release, Blieden faces a statutory maximum sentence of 22 years in federal prison after admitting wire fraud and aggravated identity theft. Read More
3. Amount of Ether Locked in DeFi Is Growing Despite Price Slump
The number of Ether (ETH) locked in decentralized finance (DeFi) applications reached an all-time high of 2.7 million, according to DeFi monitoring resource DeFiPulse, and has been steadily growing since the end of June. Of the 2.7 million ETH locked, 2.1 million (77%) are locked in the system behind the DAI stablecoin, Maker. Read More
4. Thailand: Cryptocurrency Law Will Change in 2020 to Stay ‘Competitive’
Lawmakers in Thailand plan to reform cryptocurrency laws after voicing concerns that they have made the country uncompetitive. As local English-language news outlet Bangkok Post reported on Nov. 25, Thailand’s regulator, the Securities and Exchange Commission (SEC) wants to reconsider its crypto policy in 2020. Read More
