DCC Weekly Update — January 23, 2019

DCC Official

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4 min readJan 23, 2019

DCC Meets with GXChain and CertiK

On January 17, the DCC team joined GXChain and CertiK at NYC Blockchain & Fintech Social Night. Focused on blockchain innovation, the event featured a presentation by the lead developer of GXChain, who introduced how GXChain’s unique technical structure could ensure data privacy while improving the overall efficiency on the chain. Another presentation, given by the CertiK team, elaborated on the security issues in the blockchain industry and how to tackle them with code audits based on formal verification. Following the presentations, we met with representatives from exchanges, private equity firms and finance-focused blockchain projects around the world.

What’s the Latest Buzz?

Stewie Zhu Expects Increasing Institutional Involvement in Crypto Markets

In his latest article on CoinRivet, Crypto to rise from the ashes in 2019 with institutional fire power, Stewie explains the impact that investment institutions will bring to the crypto market, including more liquidity, innovative solutions to resolve counterparty and settlement issues, as well as new progress in regulation compliance.

Tech Developments

The DCC Platform

We’re developing and testing several algorithms for data encryption. These algorithms are designed for the IPFS-based framework for personal data management. Currently, we’re working to make the framework more secure and powerful, so that it can help users store personal information in a decentralized manner.

BitExpress Updates

Currently, the sixth fixed-rate deposit program has completed the enrollment process. Based on user feedback and technical details, the development team is making minor adjustments to this product to make it more user-friendly.
Our product managers are also working to make the crypto deposit program accept a greater volume of customers. Please stay tuned for the next round of enrollment!
The red packet campaign is live through February 12. Use WeChat to scan the code below, and share the mini-program with your friends for red packet rewards!

BitExpress Vietnam is offering various rewards for new users. Download the app on Google Play, register, finish some tasks and claim your exclusive rewards.

Grayscale Adds Stellar Lumens to Crypto Portfolio

Grayscale Investments announced on January 17 it will offer a fund to let professional investors gain exposure to Stellar and its digital currency known as Lumens.

This decision is likely to give Lumens a boost since Grayscale has a roster of well-heeled clients including hedge funds and family offices. The newly-launched Stellar Lumens Trust is Grayscale’s ninth-single asset product. Others include its flagship Bitcoin product, as well as funds for XRP, Ethereum and more niche cryptocurrencies like Zen.

(Source: Forbes)

What’s News in Blockchain

South Korea’s Largest Bitcoin Exchange May Go Public on US Stock Market, Will Anyone Care?

Dow Futures, Bitcoin Price Recover as Markets Claw Back Early-Week Losses

Crypto Could Still Be ‘Global Currency of Future’: Nasdaq CEO

$3.2 Trillion in Bitcoin Payments Processed in 2018: Is the Cryptocurrency a Better Version of Gold?

Recommended DCC Reading

Is fast-moving South Korea shaping up to become a blockchain utopia?

DCC: Distributed Credit Chain — Transforming Financial Transactions Today

Deciphering DCC — Cipher Tang’s Interview with Mars Blockchain

Previous Newsletters

DCC Weekly Update — January 16, 2019