January 10

“The European Central Bank is eager to expand its role in developing central bank digital currencies (CBDCs), but that doesn’t mean private enterprises can’t join the party.

[T]he prospect of central bank initiatives should neither discourage nor crowd out private market-led solutions for fast and efficient retail payments in the euro area.”

See Also: Reserve Bank of Australia Experiments with Ethereum-based CBDC
See Also: Mass adoption is coming, and it will start in China


“Unveiling a vision for 2030, the Facebook CEO unveiled a laundry list of decade’s-end aims for his social media Goliath, including an extensive “opportunity” for Facebook to “decentralize” finance and business.

Over the next decade, we hope to build the commerce and payments tools so that every small business has easy access to the same technology that previously only big companies have had.

That vision includes Instagram storefronts, Messenger-based customer support, remittances via WhatsApp. One project he does not mention: Libra.”

See Also: Facebook’s Calibra Looks for Two Marketing Professionals


“The newly appointed senator, Kelly Loeffler (R., Ga.), will serve on the Senate Agricultural Committee, which is responsible for defining the CFTC’s remit and approving nominations for commissioners and chairmen.

Loeffler is also married to Jeffrey Sprecher, the founder, chairman, and chief executive of ICE. Amid concerns her appointment would create a conflict of interest, Loeffler told the Wall Street Journal she had ‘worked hard to comply with both the letter and the spirit of the Senate’s ethics rules and will continue to do so every day.'”


“It’s about opening doors to companies that otherwise we’d have to put a lot of effort into accessing. Obviously, everybody is here. For us the value is in the intersection of the blockchain world with the analog world.

The company is showing off its integration with Pundi X, which makes a special card and point-of-sale system that allows users to pay merchants directly in DAI, without any conversion to fiat.”

See Also: Hudson Jameson: It’s time to market Ethereum to the world


Interesting.

See Also: Chainlink to Partner with AMD?


“Through confidential assets – a privacy tool which blinds asset values on public ledgers via a protocol called “confidential transactions” – these tether may never see public light again. In fact, it may be the first instance of private digital asset trading at scale.

By hiding tether transfers between off-exchange accounts on Liquid and exchanges themselves, traders can move assets around ‘without worrying about frontrunning.‘ However, the number of tether tokens issued on Liquid remains public via the Blockstream block explorer.

Services like Whale Alert, that track movements of assets, would not work for confidential assets in Liquid.”


There is a school of thought that believes the future of cryptocurrency and blockchain happens when robots begin paying robots. Cryptocurrency becomes the value transfer medium in this scenario and all of the sensors, computers and systems associated with washing our floors or getting us around connect to the worldwide internet of value and, in the end, supplant most payment methods.

Eventually, this car and many like it will be communicating with each other wirelessly and negotiating traffic automatically. Your wallet will take a hit if you want to get somewhere faster  —  your car will pay another car to get ahead of them  —  and you’ll spend or even earn if you can spare a few more minutes on the road. Roads themselves will request tolls for maintenance.”


“With the new year Illinois became the latest state to recognize smart contracts and other blockchain-based records as legal instruments. These contracts are now admissible as evidence in court, recognized as a viable alternative to paper-based records and statutorily exempt from local taxation. 

Illinois joins other U.S. states in recognizing smart contracts in legal settings. Vermont led the charge with its 2016 move to make blockchain records admissible in court. One year later, Arizona passed similar legislation recognizing blockchain signatures.”


“Considering the total number of bitcoins in circulation is 18.14 million, this also means nearly 60 percent of the coins remained dormant and only 40 percent participated in the price action seen in 2019.

The fact these investors have not sold indicates they are likely betting on long-term growth prospects.



The convergence of these technologies is enabling organizations to accelerate environmental governance.

Accounting standards powered by blockchain-based protocols are being applied to enable climate management to ensure carbon offset.  Blockchain platforms offering smart contracts will soon control IoT networks to ensure that operations run smoothly.”


Tokenized financial products could be to ETFs what the internet was to newspapers in terms of disruptive force. During the mid-2000s, WisdomTree took a forward position on the initiation of ETFs over typical mutual funds and is looking to do the same with blockchain-wrapped financial products.

Securrency’s “Compliance Aware Token” platform offers a blockchain-agnostic program for exchanging real and financial assets, particularly global digital securities.”


“The Monero Research Lab (MRL) has released Triptych in a Jan. 6 paper proposing trustless logarithmic-size ring signatures. The research aimed at decreasing their size could improve the coin’s privacy significantly.

Triptych’s primary innovation is making the byte size of ring signatures scale logarithmically with the number of decoys, instead of linearly. This would allow a dramatic  increase in ring size without major performance issues.

I can’t reasonably speculate on the likelihood of projects implementing Triptych, since it’s still early work that has not undergone any formal review.”


Creditors who don’t want to wait for court-appointed bankruptcy trustee Ernst & Young (EY) to sort through the claims and liquidate assets can potentially sell their rights and cash out early.

Argo, which put up a page indicating its interest in Quadriga claims last year, is no stranger to the crypto space. The company also sought to purchase claims from Mt Gox creditors.”


Griffith is charged by a grand jury with one count of conspiracy to violate the International Emergency Economic Powers Act. Griffith was released on bail on Jan. 9.

The defendant and others had conspired to breach the prohibitions of the act when Griffith provided services to the Democratic People’s Republic of Korea without obtaining approval from the U.S. Treasury’s Office of Foreign Asset Control, according to the indictment.”