Crypto Trading Privacy Gets a Boost as $15M of Tether Moves to Liquid Sidechain

Crypto Trading Privacy Gets a Boost as $15M of Tether Moves to Liquid Sidechain 1  PASSIVE INCOME CRYPTO BITCOIN AND BLOCKCHAIN

Stronger privacy is coming to the largest stablecoin, tether, with a recent blockchain-to-blockchain swap of $15 million worth of tokens. At 11:27 UTC on Jan. 7, stablecoin issuer Tether conducted a cross-chain swap of some 15 million USDT reserves from ethereum to Blockstream’s Liquid, a federated sidechain running parallel to the bitcoin blockchain. The technical possibility of USDT’s Liquid debut was first announced in July 2019. Innocuous at first glance, the transfer has implications for both digital asset trading and the larger tether market, which saw a mass migration from…

Former Bakkt CEO to Help Oversee CFTC in Congress

Former Bakkt CEO to Help Oversee CFTC in Congress 2  PASSIVE INCOME CRYPTO BITCOIN AND BLOCKCHAIN

The former chief executive of bitcoin derivatives exchanges Bakkt is to join the committee that oversees the Commodity Futures Trading Commission (CFTC), raising concerns of a possible conflict of interest. The newly appointed senator, Kelly Loeffler (R., Ga.), will serve on the Senate Agricultural Committee, which is responsible for defining the CFTC’s remit and approving nominations for commissioners and chairmen. It also includes reauthorizing the CFTC as a federal regulator. Loeffler was appointed CEO of Bakkt when it launched under its parent company Intercontinental Exchange (ICE) in August 2018. Under…

Binance Adds Near-Instant UK Pound Payments in Latest Fiat Expansion

Binance Adds Near-Instant UK Pound Payments in Latest Fiat Expansion 3  PASSIVE INCOME CRYPTO BITCOIN AND BLOCKCHAIN

Malta-based cryptocurrency exchange Binance has added a flurry of new fiat funding options since New Year, including Faster Payments for U.K. pounds-bearing customers. The company announced Wednesday that the addition comes via a new partnership with fiat-to-crypto payments provider Banxa, which also allows the firm to offer Australian dollar and euro purchases directly from Binance’s website. The firm notes that the euro option is available in “selected European countries” initially. The announcement comes just a day after the exchange said it was supporting deposits in Thai baht via a partnership…