NYC exchange Genesis receives BitLicense
Genesis Global Trading has obtained a BitLicense from New York state’s Department of Financial Services (DFS), making it only the fifth firm in three years to receive the controversial license.
The exchange caters to high net worth and institutional investors and offers 24/7 trading in Bitcoin, Litecoin and others.
Lightning network grows more robust
The Lightning network is growing. The number of nodes has been increasing over the past three months, as this graph shows which compares February 2018 to May 2018.
This model displays the number of nodes which could become targeted or compromised and LN’s resistance to this, indicating the % of the network that would still be operational, showing the increasing decentralization of LN.
The consensus is the Lightning network has grown and improved from February to May.
Sberbank completes Russia’s first bond transaction using blockchain
Russian bank Sberbank and telecoms firm MTS have conducted what they say is the country’s first commercial bond transaction made using blockchain.
MTS announced Tuesday that it had placed commercial bonds of 750 million rubles ($12.11 million), with the primary buyer being Sberbank, using a proprietary blockchain platform provided by the National Settlement Depository.
Andrey Kamensky, VP of finance, investments and M&A at MTS, commented that the successful blockchain transaction was carried out through “the entire settlement chain, from security placement and cash receipt to fulfillment of all obligations to the investor.”