“While the initial Libra white paper published in June specified that interest on the reserve assets would be used to cover system costs, keep transaction fees low, support growth, and pay dividends to the early investors i.e. Libra Association members, mention of dividends has now been removed.
The problem with awarding dividends is that it created a potential conflict of interest between Libra Association members, and end-users of the currency. If dividends are paid from the interest on these assets, this gives an incentive to load the reserve with higher-risk assets.
There is also the possibility that the changes are in some way addressing concerns that Libra may be classified as a security.“
How can you not love the crypto space.
“A letter sent by law firm Miller Thomson to the Royal Canadian Mounted Police (RCMP) asks for the authorities to dig up and examine the body of Gerald Cotten, who reportedly died of complications due to Crohn’s disease at the end of December 2018.
Cotten’s death has been under suspicion since it was announced. According to Robertson’s statement, he had died of complications from Crohn’s disease, which is not generally fatal.
Following his death, Cotten was embalmed in a medical school and transported back to Canada, where he was reportedly buried in mid-December.”
“Hydra, reportedly the largest darknet marketplace serving Russia and neighboring countries, claims it is seeking to raise $146 million through a token sale to fund a worldwide expansion. The sale is scheduled to launch Dec. 16.
The tokens, priced at $100 each, will be available to purchase on the platform for bitcoin. A “package” of 100 tokens will provide a buyer with a 0.00333333 percent share of Hydra’s profit. It makes no mention of which blockchain (if any) the tokens would run on.
Given the illicit nature of its business, Hydra’s token offering may be the most brazen ever, even compared to the ICOs that pushed the envelope of U.S. registration requirements in 2017. Russian news outlet Forklog warned that the sale could be an exit scam.”
“The first is to increase efficiency by driving down overcollateralization margins. You can decrease volatility by onboarding more stable collateral, such as stablecoins, gold-pegged coins, or digital securities. [Also] latency of the underlying blockchain matters quite a lot. With faster liquidations and more solid collateral, that overcollateralization ratio can drop by quite a bit.
The second priority for DeFi is greater diversity of synthetic assets. Maker and UMA are two protocols that are pursuing this, and I expect we’ll soon see a wide array of synthetic financial assets.
Finally, if your address has behaved well on other DeFi platforms, you should be eligible for lower rates and better credit.“
“Universally accessible central bank digital currency would bring no additional benefits for Switzerland at present. Instead, it would give rise to new risks, especially with regard to financial stability.
However, the government did say that a role for a digital franc that was confined to use among financial institutions is ‘a more promising strategy.’ A wholesale digital franc from the central bank ‘could possibly help to enhance efficiency in the trading, settlement and management of securities.‘”
“Bitfinex will ostensibly be able to use the real-time monitoring capabilities of Chainalysis’ technology to identify high-risk outliers amid a high volume of transactions. Both firms took pains to stress that the solution will be privacy-safe, but help Bitfinex to crack down on bad actors using its platform.”
“Any way you slice it, the best odds among any candidate are substantially long, with the favorite offering a near 300% return on a correct prediction.
And then there’s Yang. I mean, betting against Andrew Yang is essentially free money.“
“Gold-backed stablecoin issuer Digix has integrated a dissolution mechanism into its DigixDAO platform. Each quarter, DGD token holders will vote on the mechanism.
If the dissolution vote passes, all of the remaining ETH in the DigixDAO fund, after other quarterly passed projects have been funded, will be returned to DGD holders. Digix and DGX tokens will continue to exist, but the platform for funding projects around the Digix ecosystem, will not.“
“The Singapore-based VeChain Foundation’s buyback wallet was compromised by a hacker. The firm says it has tagged and tracked the funds and is working with cybersecurity firm Hacken to isolate the tokens’ flow to various exchanges.
VeChain attributes the hacking to a human error within the foundation and has since corrected the error and protocols.”