Ethereum Network Launches First Stage of Ethereum 2.0

Ethereum network, the second-largest cryptocurrency by market cap has successfully gone through the first phase of the Ethereum 2.0 upgrade with the launching of Beacon Chain.

The upgrade which went live at 12:00 pm UTC on Tuesday promises to introduce proof-of-stake mechanism, which will provide scalability and security upgrade to ether.

Coinbase Facilitated MicroStrategy’s $425 Million Worth of Bitcoin Purchase

Brett Tejpaul, Head of Institutional Sales, Trading, Custody and Prime Services at Coinbase revealed in a blog post that Coinbase was selected to play the key role of the primary execution partner of MicroStrategy’s $425 million purchase of Bitcoin in September 2020.

According to Brett, Coinbase was hand-picked because of its market-leading tools. “MicroStrategy chose Coinbase because of our market-leading tools, which include smart order routing and advanced algorithms as well as our white glove sales and trading services”, he said.

Libra Association Renames Itself ‘Diem’ In Effort To Get Regulatory Approval

The Libra Association has changed the name its cryptocurrency from Libra to Diem, meaning “day” in Latin as part of rebranding efforts to get regulatory approvals to launch after facing backlash from regulators when first introduced last year.

Libra was first unveiled by social media giant, Facebook in June 2019 with a plan for it to be supported by major traditional currencies that could be used globally for financial transactions.

BlockFi Sets to Release First Crypto Reward Credit Card in 2021

BlockFi, a lending company based in New York, will be partnering with Visa Inc. to launch a first of its kind bitcoin reward credit card in the first quarter of 2021.

The CEO of BlockFi, Zac Prince said that unlike the regular bitcoin reward debit card already in use in the industry for spending crypto by users, the bitcoin reward credit card will help users hold their bitcoins and earn a yield on it.