December 6

“Steven Mnuchin, secretary of the U.S. Treasury, has no issue with the launch of the Facebook-led Libra project – as long as financial rules are followed.

I’m fine if Facebook wants to create a digital currency, but they need to be fully compliant. In no way can this be used for terrorist financing.

At the hearing, Mnuchin also said the U.S. is unlikely to develop a digital currency in the near term.

[Federal Reserve Chair Jerome] Powell and I have discussed this – we both agree that in the near future, in the next five years, we see no need for the Fed to issue a digital currency.”

See Also: Steven Mnuchin Does Not Expect US to Issue Digital Dollar in Next 5 Years
See Also: Bank for International Settlements Exec Shows New Fondness for CBDCs

“Parity’s eth2 client, Shasper, successfully joined Prysmatic’s Sapphire Testnet marking the first public multi-client eth2 testnet. This is the exciting start of many multi-client testnets to come in the next month.

Not one but two (!) eth2 block explorers recently launched.

The BLS standards also remove one of the final blockers for launching the eth2 deposit contract. Runtime Verification is currently finishing up their report on the formal verification and analysis of the deposit contract bytecode. This report is expected to be published by the end of the month for public review, after which we can finally launch this thing.”

“Launched in April 2019, Coinbase Card is a Visa debit card that allows users to spend cryptocurrencies to pay for goods as well as to withdraw cash from ATMs. As 1 DAI is equivalent to $1, the addition of the stablecoin to the Coinbase Card aims to allow customers to spend crypto with less volatility.

It represents a small step on our big journey to make crypto accessible to all.”

Good Interview on Enterprise’s Migration to the Public Blockchain

Intro to Synthetix

See Also: Evaluating the Explosive Growth in Synthetix

“Sherman was elected to take up the position of Chair at the subcommittee that oversees the Securities and Exchange Commission (SEC), the New York Stock Exchange and the Financial Industry Regulatory Authority.

Sherman has expressed opposition to any money that challenges the U.S. dollar’s role as global reserve currency. He continues to argue for an outright ban on cryptocurrency.

In my view, [Sherman’s] goal is essentially to try to ban the internet.”

“New details have been revealed on China’s upcoming digital currency, which appear to confirm speculation that it will be fully centralized. 

The research arm of crypto exchange Binance analyzed a prototype of the digital renminbi, finding that the currency collects innumerable pieces of financial data on each of its users. 

A centralized digital currency in China is a worrying proposition. Given that its social credit rating system—estimated to go fully live in 2020—cracks down on its citizens for violations as small as playing music too loudly on a train, combining this with full control over their wealth makes citizens powerless.

“People’s heightened demand for dematerialized means of payment and anonymity could drive more individuals to digital currencies.

In order to gain wider acceptance, digital assets need to overcome three major hurdles. These include perceived legitimacy in the eyes of governments and regulators, which entails price stability and allows for global reach in the payment market. According to Reid, the establishment of alliances with key stakeholders like mobile apps and card providers will enable this development.”

“As part of the CRS-19 commercial resupply service mission, a SpaceX Falcon 9 rocket is delivering SpaceChain’s hardware wallet technology to the ISS. The initiative is set to demonstrate the receipt, authorization and retransmission of blockchain-based transactions, creating multi-signature transactions. 

By adding space-based payloads to established networks, businesses will be able to enhance the security of the transmission of digital assets that can be vulnerable to cyberattacks and hacking when hosted exclusively in centralized terrestrial servers.”

How to Host a Censor-resistant Website on IPFS+ENS

Börse Stuttgart Stock Exchange (BSDEX) has now opened to all interested users with residence in Germany. Users will have to limit themselves to trading bitcoins against euros. In the future, BSDEX will also list other cryptocurrencies and digital assets like security tokens.”

A distributed ledger can be used to look at the provenance of data before AI parses it. Underpinning this is a new tool called Azure Blockchain Data Manager.

From manufacturing to energy to public sector to retail, AI is digitally transforming businesses in every vertical. Blockchain can ensure that everything from the algorithms to the data going in and out of them is trustworthy.”

“We have used our own blockchain-based bond issuance system in the process.

The bond issuance is part of the country’s effort to support entrepreneurs with more efficient access to capital. Financing for small and medium sized enterprises (SMEs) has been one of the major blockchain use cases for banks and financial services companies in China.”