“The Prime Minister of the Russian Federation has called on the country to prioritize the development of the digital economy. Mishustin said that the country should implement modern information technologies, including the development of a national digital economy program.
The state should become a digital platform that is created for people.
Major Russian firms, including some in which the state holds a significant stake, are beginning to test and apply blockchain tech to various aspects of their operations.”
“In June when Block.one, the company behind the largest initial coin offering (ICO) in history, announced its Facebook-challenging social network, Voice, it promised the blockchain would run on the EOS mainnet. Plans have changed.
The new application would run on a private deployment of EOSIO software. In fact, it’s non-committal about ever running on EOS.
If Block.one didn’t need to use the EOS mainnet for its apps it would raise serious questions as to why and who else should use it.
EOS has had performance issues that have become acute since last summer.”
“The new owner of the Chrysler Building is selling a property worth $135 million to a blockchain real-estate company, taking a fifth of the purchase price in tokenized securities.
It is the largest-ever real estate deal involving digital tokens.
BrickMark’s ethereum-based tokens are hybrid digital securities – tokenized perpetual bonds that will be backed by property in the BrickMark portfolio. Although restricted for the time being to qualified investors, there are plans under evaluation that would allow BrickMark to offer BMT tokens to retail investors through a European-regulated security token offering (STO).
We think digital securities and tokens are able to unlock these tremendous values and also give people, on a worldwide basis, access to properties that have [to now] been privileged.”
“The three are forming the Digital Dollar Foundation, working with Accenture to design and push for a potential U.S. central bank digital currency (CBDC). Accenture will act as the chief architect and technology partner on the project.
The new not-for-profit organization has a multi-part plan to first create potential designs and proposals; convene economists, lawyers, academics, technologists and others to evaluate these designs; and create a framework for testing the new system, all with the goal of making dollar transactions as seamless as a text message.
An analog reserve currency does not serve modern users. […] As an example, the ability to directly exchange a CBDC for a tokenized security will have profound effects on global capital markets.”
“The newly announced group will oversee the project’s technical roadmap, guide codebase development and try to build a developer community around the Libra project.
The Libra technical steering committee plans to publish a governance framework before the end of March 2020, according to the announcement, that ‘will include the process by which the open source community can propose technical changes to the network and a transparent process for evaluating those proposals.'”
“The exchange revealed it would restrict access to residents of Japan at an unspecified later date.
It is possible that Binance encountered similar regulatory difficulties despite not legally residing in the country. Crypto exchange Kraken ceased to provide services to Japanese residents in April 2018.”
“Canada’s top financial watchdog has told crypto exchanges they will be subject to securities law if they act as custodians to users’ digital assets. The CSA said transactions without immediate delivery constitute derivatives sales.
Although it will depend on the specifics of each platform’s structure and operations, it seems likely that regulators will consider many custodial trading platforms to be subject to securities legislation.
Compelling users to custody their own assets could protect them from hacks like Quadriga or Einstein. But there are downsides. It could make trading less accessible to everyday users by forcing everyone to set up their own wallet.”
“Gemini has created its own insurance company to protect clients against the potential loss of coins from its offline vaults – with a possibly record-breaking $200 million coverage limit. Gemini managed to acquire coverage for its hot wallets back in 2018.
The captive insurer will provide coverage for customers of Gemini Custody, the crypto cold storage service of Gemini Trust Company. Captives create a more formalized way of providing cover than self-insuring.”
“According to the New York-based firm, Binance and Huobi, two of the world’s largest crypto exchanges to date, have received 27.6% and 24.7% of total transfers from criminals in 2019. As such, the two major crypto trading platforms are allegedly responsible for acquiring over a half of all illicit Bitcoin in 2019.
OTC brokers are likely to be the main source of illicit Bitcoin transfers.”
“Ethereum Classic’s sudden bullish break appears to be a direct consequence of it being listed on the Binance Futures trading platform. Now, Binance users have the ability to both short and go long on Ethereum Classic with up to 75x leverage.”
“The goal of TRONZ is to introduce the privacy protocol to Tron smart contracts, allowing developers to introduce private data within them.
A look at the Tron GitHub page shows a variety of repositories directly “forked,” i.e. copied, from Zcash source code. Code for the MPC was also directly taken from Zcash. It appears that all of the changes made by the Tron team were on the readme file.“
“Liquid says its sale terms specified TON must have launched by Nov. 30, 2019; since that was not the case, the sale had to be cancelled.
100 percent of client funds were returned to participants. No fees or charges.”
“With the Synthetic Content Network, Alethea is attempting to introduce a mechanism for clearly disclosing AI-generated content and only allowing it with the consent of the person being shown.
All videos created with Alethea will be labeled as satirical and will include watermarks to clearly distinguish them from true content. The project’s stated goal is to democratize access to AI, allowing creative expression through the technology in a manner that would not violate the rights of the people involved.”