December 13

Good Watch: Blockstream + Baakt Collusion to Attack BTC?

“The digital assets custody service being developed by ING is purportedly part of one of the bank’s several blockchain-related initiatives and is still at an early stage of development. ING reportedly said that it ‘sees increasing opportunities with regard to digital assets on both asset backed and native security tokens.’

As cryptocurrencies begin to gain traction as an asset class, major financial firms are increasingly developing their own custody technologies and services.”

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Bitcoin goes to Space

“Binance users will now be able to use Paxful to buy Bitcoin (BTC) with 167 various fiat currencies. Supported fiat currencies include the Russian ruble, Vietnamese dong, Indonesian rupiah, Nigerian naira, Colombian peso, British pound, Mexican peso, Canadian dollar, euro, Argentine peso.

The partnership aims to reach and aid an estimated 2 billion unbanked people worldwide.

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  • “20m+ Total Ethereum accounts created this year
  • 25K+ Monthly increased Truffle downloads throughout 2019.
  • 8,516 Live Ethereum nodes
  • 520 New dapps created in 2019
  • The average Ethereum Name Service owner purchased 1-2 domain names
  • OpenSea has become the leading marketplace for NFT sales
  • At least 25 DAOs were summoned this year
  • The amount of ether locked in DeFi increased dramatically, recently surpassing $650 million”

“Waves is launching Gravity Hub, a blockchain-agnostic protocol resolving the interoperability issue. It will also operate as a data oracle, feeding data from the outside world to the blockchain. Gravity Hub is essentially a blockchain that doesn’t have any tokens, but that can communicate with other blockchains.

Gravity Hub will provide interoperability at the protocol level as well as at the decentralized application level, allowing a dApp to send a request to another dApp on a different blockchain.”

“China’s Sichuan province is accounting for over half the global hash rate, according to a study by London-based digital asset manager CoinShares. Other hubs include sites in the United States, Russia and Kazakhstan.

Meanwhile, Bitmain appears on track to monopolize China’s crypto mining market as some reports claim that the company accounts for 75% market share of the crypto hardware market worldwide.”

This pretty much says it all #’nuffsaid:

“To be clear, the RSK project isn’t “based on bitcoin.” The RSK sidechain branches off from the bitcoin blockchain and issues bitcoin IOUs using a separate federation to manage the sidechain. 

There are still 15 projects in the RSK federation, down from 25 founding members in 2016. If these federation members turn off their servers, with their built-in nodes, the public RSK protocol will not be able to swap bitcoin IOUs for real bitcoin.

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“The importance of the NEC partnership is clear when looking at D-Wave’s current cloud offerings. D-Wave’s Leap program gives users free access to a D-Wave 2000Q computer and a full SDK to take advantage of their machines.

NEC and D-Wave will work with customers to develop applications that harness the power of their collaborative hybrid systems and solve practical business and scientific problems across a variety of industries.”

“Centralized enforcement of global policy to address abuse and misleading information is unlikely to scale over the long-term without placing far too much burden on people.

As such, Twitter is funding an independent dedicated team of up to five open source architects, engineers, and designers. Dorsey further said: ‘It will take many years to develop a sound, scalable, and usable decentralized standard for social media that paves the path to solving the challenges listed above.'”

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“A total of 11 roles were eliminated in India and the Philippines due to a realignment of the sales and services team in those countries.”

And somehow no mention of ENS, which solves exactly this. #CoinDesk

“The news that Ethos Capital, a secretive group of investors, bought the TLD caused a minor firestorm in the open-source ecosystem.

.Org is usually the namespace for non-profits, foundations, governmental research institutes, and others. Being owned by a private equity firm usually stands for maximizing profits and revenue.

The move from the non-profit Internet Society (INSO) to the for-profit Ethos could hasten the end of the public-domain Internet. In fact, INSO’s parent, the so-called PIR – which stands for Public Interest Registry – ‘has confirmed it will discard the non-profit status it has held since 2003 as a result of the sale.'”

How To: OpenBazaar