BTC Halving Completed; Lolli Got Punk’d in Seed Round; ErisX Gets Physical With ETH Futures

TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. BTC completes its third halving. Lolli gets $3 million in a second seed funding round. ErisX launches physically delivered Ethereum future contracts. The European Central Bank is investigating a retail digital currency. Utah now issues digitally verifiable, Ethereum-based marriage certificates, and Gemini exchange announces expansion plans.

BTC Halving Completed

Lolli

The halving of the mining reward the BTC network completed without problems. It’s the third since launch of the network. The mining reward was slashed from 12.5 to 6.25 bitcoin per block, an event that will cause a reorganization of mining resources around the other SHA-256 based networks. The final halving block was issued with this message: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue,” mimicking the Bitcoin genesis block.

Lolli Gets $3 Million in New Seed Round

Lolli

Lolli, the bitcoin rewards company, managed to raise $3 million in a new seed round involving renowned names in both investing and Hollywood. Ashton Kutcher’s venture capital group, Sound Ventures, was one of the companies present at the round led by Pathfinder, a Peter Thiel owned firm. Lolli declared in its announcement the newly obtained funds will be used to further grow the reach of their project by launching their own mobile app and expanding to international (yet unnamed) markets this year.

ErisX Launches Physically Delivered Ethereum Futures

Lolli

ErisX, a Chicago-based crypto derivatives exchange, announced the launch of the first physically delivered Ethereum future contracts. These contracts have been approved by the CFTC and will be treated in a totally transparent way, acknowledging the importance of the Ethereum network for traders and the community alike. This is the second digital currency futures product the ErisX presents to the public, with the first being physically delivered Bitcoin futures launched last year to compete with Bakkt’s similar offering.

ECB Working on a Retail Digital Currency

The European Central Bank is exploring the idea of a retail used Central Bank Digital Currency (CBDC) as part of an investigation. Yves Mersch, an Executive Board of the ECB member, declared they were investigating it because they need to be ready even if they don’t intend to issue a CDBC. Mersch stated the focus was on a retail version, available for all CBDC instead of in a wholesale one, insisting this development is a possible “game-changer.” However, he also pointed this could disrupt the financial system as we know it.

Utah Uses Ethereum to Issue Marriage Certificates

The Clerk/Auditor of the State of Utah implemented a new system to issue digital marriage certificates. It will allow anyone to verify its authenticity without help from a third party. The service is provided thanks to a partnership with a company called Titan Seal, which uses Ethereum or “putting the hash of your Marriage License/Certificate into the memo field of a blockchain transaction.” Verification is made by constructing a hash out of the PDF document and comparing it with the stored number on the Ethereum blockchain.

Gemini Exchange Unveils Expansion Plans

Gemini, the regulated cryptocurrency exchange owned by the Winklevoss Twins, revealed its intentions of expanding to Europe and Asia in the near future. Cameron Winklevoss, co-founder of the exchange, declared during an interview his company would list cryptocurrency prices from other currencies “in the months or quarters to come as we expand into Europe—into Asia as well.” While they didn’t offer details about their move to other markets, Tyler Winklevoss commented the next four years would “be the best four yet.”

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