Top Headlines
- Crypto data provider Lukka and S&P Dow Jones Indices have partnered to launch a cryptocurrency indexing service that is fully customizable by users. It is one of the the first major financial institutions to enter into the crypto indexing space, with plans to provide live pricing data on over 550 coins upon launch in 2021 (Reuters)
- As hype around Bitcoin grows again, Coindesk breaks down the fundamental differences between Ethereum and Bitcoin and why investment in either requires understanding of the coin’s function
- Visa and Circle have teamed up to facilitate USD Coin stablecoin transactions when using certain Visa cards (Coin Telegraph)
Cryptocurrency Spotlight:
- Congresswoman Rashida Tlaib (D-MI 13th) introduced the Stable Act this week, seeking to “protect consumers from the risks posed by emerging digital payments instruments”, more specifically stablecoins such as Libra’s Facebook coin (Coin Telegraph)
- European Central Bank President Christine Largarde also expressed concern about stablecoins this week, advocating for a digital euro while conveying doubts about other cryptocurrencies and stablecoins (Coindesk)
- Although crypto giant Ripple was heavily considering leaving the United States due to legal scrutiny by regulators, CEO Brad Garlinghouse told CNN’s Julia’s Chatterley the company is reconsidering the move until after President-Elect Joe Biden enters office (BTC Manager)
- The US Treasury Department’s Financial Stability Oversight Council released a report Thursday which included its reservations about digital currencies (United States Treasury)
Blockchain Spotlight:
- VeChain’s ToolChain distributed ledger system will be tapped to trace seafood for KnowSeafood, one of the largest seafood import firms in the United States (BTC Manager)