DigiFinex Daily Report: Ethereum Upgrade Was A Success; Swiss Bank Dukascopy Launched Its Own Token

  • Ethereum completed the Constantinople/St. Petersburg upgrade. Block reward reduced to 2 ETH

At 7.52pm UTC, Constantinople/St. Petersburg upgrade on Ethereum (ETH) network has been successfully performed at block 7,280,000. The block was mined by MiningPoolHub_1 and contained a total of 118 transactions, and the block rewards had reduced to 2 ETH. The current Ethereum network hashing power is 157.539TH/s (+1.63%), the difficulty is 3.00P (+0.86%), the average block speed is 20.3 seconds, the number of unconfirmed transactions is 36189, and the current daily ETH production is 8512.31, which is 4,061.16 less than before the upgrade.

  • Bitcoin price fluctuates between $3800 and $3850. DFT up 3.04%.

According to DigiFinex data, the latest transaction price of BTC is 3827.15 USDT (+0.01%) as its highest price in 24h reached 3913.10 USDT, the lowest price was 3700.05 USDT, with a trading volume of 26,300 BTC.

The latest transaction price of ETH is 136.51 USDT (-0.16%) as its highest price reached 138.47 USDT in 24h, the lowest price was 133.78 USDT, with a trading volume of 557,400 ETH.

The latest transaction price of DFT is 0.1493 USDT, (+3.04%) as the 24h highest price was 0.1522 USDT, the lowest price was 0.1434 USDT, with a trading volume of 5,503,400 DFT.

  • Swiss bank Dukascopy launched its own ERC20 token: Dukascoin

According to the Bitcoin Exchange Guide, on March 1, Dukascopy has launched its own cryptocurrency Dukascoin. Duskacopy CEO Andre Duka revealed that Duskacoin uses Ethereum ERC20 token protocol. Last December, Dukascopy became the first Swiss bank to win approval for an ICO by Switzerland’s financial market supervisor, FINMA.

  • Bitcoin futures rose 2% in 2 weeks, up 10% in Feb

The Chicago Mercantile Exchange (CME) bitcoin futures BTC April contract is closing at $3790 (+2.1%) while on Feb 27, it closed at $3710 (-1.7%.) In February, the price went up around 10.4%, with 10.55% increase in the last week.

The Chicago Board of Trade (CBOE) bitcoin futures XBT April contract is closing at $3802.5 (+2%), while on the Feb 27, it closed at $3727.5 (-1.6%.) In February, the price went up around 12%, with more than 10.75% increase in the last week. .

  • Facebook will launch its own digital tokens in the first half of the year

According to the New York Times, Facebook is researching and developing a token that allows its WhatsApp users to send to friends and family. People familiar with the matter said the “project is far enough along that the social networking giant has held conversations with cryptocurrency exchanges about selling the Facebook coin to consumers.” In addition to the US dollar, Facebook is also considering of pegging its token to a basket of other foreign currencies, and they hope to launch the product in the first half of this year. In addition, the New York Times said that Signal and Telegram also plan to launch tokens in the next 12 months.

  • California introduces new bill to regulate Bitcoin and Crypto businesses

Assembly Majority Leader Ian Calderon has introduced Assembly Bill 1489, which would govern virtual currency business activity that takes place with or on behalf of residents. The bill is similar to New York’s BitLicense, and would require companies to go through an approval process to conduct crypto-related activities in the state.

According to the legislation, “This bill would enact the Uniform Regulation of Virtual Currency Businesses Act. The bill would prohibit a person from engaging in virtual currency business activity, or holding itself out as such, unless licensed or registered with the Department of Business Oversight, subject to a variety of exemptions.”

Civil penalties of $10,000 for each day of violation of provisions may be incurred by virtual currency businesses. Engagement in such activities without a license may incur a penalty of up to $50,000 for each day of violation.

  • QuadrigaCX 600,000 ETH lost addresses found

In a report curated by the CEO and editor of the Zerononcense publication with corroborating information from Jesse Powell, CEO of Kraken Exchange and Taylor Monahan, CEO of MyCrypto, it says that:

“The author of this report was able to positively identify all exit points for Ethereum in QuadrigaCX-controlled wallets (i.e., transfers from QuadrigaCX not associated with customers).

The author believes that there is a very strong possibility that there may be significant crypto funds (Ethereum) at the following exchanges:

Kraken, Bitfinex, Poloniex.

Based on the transaction analysis included in the report, it appears that a significant amount of Ethereum (600,000+ ETH) was transferred to these exchanges as a means of ‘storage’ during the years that QuadrigaCX was in operation and offering Ethereum on their exchange.

Given the testimony in Jennifer Robertson’s affidavit stating that neither she nor the other involved individuals at QuadrigaCX were knowledgeable about where Gerry Cotten was moving and storing crypto, it is very possible that QuadrigaCX, the creditors, and other entities are unaware of this discovery.

If there are still funds belonging to QuadrigaCX remaining on these exchanges, then that would explain why QuadrigaCX and the community (including the author) have been unable to positively locate any ‘cold wallets’ or ‘reserve cryptocurrency’.

It is also worth noting that Jennifer Robertson stated in her affidavit that Gerry Cotten may have stored some of QuadrigaCX’s funds on other exchanges.”

  • New DataLight study shows US and Germany are the main countries running Bitcoin nodes

According to a recent study released by DataLight, the United States and Germany account for 44.08% of the total number of reachable Bitcoin nodes. These nodes are very important for keeping the whole network stable and secure. However, 50% of them are located in the United States, Germany, and France. They have 2,625, 2016 and 698 nodes respectively.

China, one of the most powerful countries in the world and with a large presence in the blockchain and crypto space accounts for just 3.9% of the total reachable nodes in the world, running 411 nodes.

Disclaimer: The Daily Crypto Report is curated by DigiFinex for your reference only, it is NOT an investment advice.

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