Blockchain Bites: Dollar’s Decline, Ether’s Moneymakers and Coinbase’s Considerations

The Securities and Exchange Commission appears to be interested in Binance’s eponymous blockchain, 132% of ether wallets are in profit and the Bank of Japan is getting serious about CBDC R&D.

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Top shelf

Binance Sleuths 
The SEC appears to be gearing up for a closer look at Binance coin (BNB) and other tokens on cryptocurrency exchange giant Binance’s eponymous blockchain. The U.S. securities regulator disclosed in a Wednesday memo its intention to award Menlo Park, Calif.-based CipherTrace a single-source contract (because it’s the only blockchain analysis firm capable of tracing Binance Chain transactions). CipherTrace previously partnered with Binance to bring anti-money laundering tracing tools to Binance Chain.

Coinbase Considering
Coinbase is considering listing ampleforth, hedera hashgraph, blockstack and 16 other digital assets in the cryptocurrency exchange’s latest exploratory review. On Friday, The San Francisco-based exchange announced it will evaluate 19 additional cryptocurrencies against its “Digital Asset Framework” for potential inclusion on its popular trading platform. The announcement did not state a timeline and gave no guarantees on “whether or when” any of the contenders would actually be listed.

The Blockchain-based Service Network (BSN), a state-backed digital infrastructure project in China, aims to be the dominant internet services provider for decentralized applications (dapps). BSN’s global expansion is built using U.S. technologies, another possible vector in the tense U.S.-China trade war. Amazon Web Services (AWS), Microsoft and Google are among the major cloud service providers for BSN’s overseas data centers. “The world is clearly becoming a ‘splinternet’ with national…

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