October 26

“With the era of negative interest rates well and truly here, return-hungry investors may increasingly borrow in low-interest fiat currencies and invest in higher-yielding cryptocurrency accounts. A carry trade is a strategy where a trader uses a low-yielding currency to fund a high-yielding investment.

The fiat-BTC carry trade is the next step in bitcoin growth.”

How to Use DAI

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Davidson concluded that Libra is ultimately classified as a security. ‘It has nothing to do with stablecoins. It has to do with whether there’s a central authority that can alter it.’ 

The congressman was unconvinced that the planned basket of currencies would be fixed and stable, opening Libra up to the Libra Association’s tampering. He ceded that SEC Chairman Clayton is correct in his assessment as to how this makes Libra a security, rather than a true currency.

When you’re placing all your faith in the value of that token on the actions of a central authority, that’s where I tend to agree with Jay Clayton. That looks a lot like a security.”

“MolochDAO shows that Ethereum has moved past the stage of early experimentation and is ready to bring to prime time DAOs that can compete on the global stage with traditional corporations.”

Good read on the hypothetical situation of MKR delegation and the politicization crytpo governance.

What if the passive holders could delegate their votes to representatives? Will we see new politics emerge as prospective delegates campaign for voters? And maybe someone like me will create a platform to Keep DAI bankless!

Let’s shore up our governance systems and enter these next chapters with eyes wide open. The protocol politicians are coming.”

See Also: RSA’s Hypothetical Delegate Platform

“China’s national congress said the new law will encourage research and development on commercial cryptography technologies, while building up an inclusive standardized regulatory system for the market.

Clear guidelines and regulations are needed to evaluate commercial cryptography technologies used in the major fields related to the national interest as the current ‘loose’ system is not suitable for the industry anymore.”

“An unknown Bitcoin Cash (BCH) miner was apparently in control of more than 50% of the token’s hash rate for 24 hours.

The miner seemed to mine 73 blocks from 10 am Oct. 24 to 10 am Oct. 25, to which Twitter user Notgrubles responded that this is the reason why ‘BCH is a security risk and a liability,’ while asking to de-list the coin.”

“The Central Bank of the Bahamas (CBOB) is planning to release its own fiat digital currency in order to ensure the economies’ resilience in the event of a natural disaster. The currency is expected to be accompanied by an associated digital wallet and a card.

Meanwhile, the Republic of the Marshall Islands is also developing its national digital currency as a way to eliminate the country’s dependence on the United States dollar.”