February 26

The central bank does not see a real need to issue its own cryptocurrency unless a competitor to cash takes off.

We have concluded that there is not a compelling case to issue a CBDC at this time. Canadians will continue to be well-served by the existing payment ecosystem, provided it is modernized and remains fit for purpose.

The widespread use of private cryptocurrencies could change this calculation, he said.

It’s tough to predict if Libra will ever live up to its promises or even come into existence. But it is a good example of a transformative technology that affects how the bank needs to respond to the future of money.”

“The industrial era birthed the joint-stock company, a legal construct that helped fuel tremendous innovation and global growth — one that some have credited as being one of the most important innovations ever invented.

The blockchain era will be defined by decentralized organizations and DAOs, an evolution of the joint-stock company and one fashioned for open decentralized networks and not top-down, command and control companies.

The LAO is the next great experiment in this endeavor. The LAO is resurrecting The DAO in a way that aims to comply with US law, building a democratically managed decentralized organization that can invest in blockchain-based projects in a snap.”

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“Nornickel, the Russian mining and smelting giant, has taken another step toward the issuance of tokens backed by metals on Atomyze, a Hyperledger-based blockchain platform.

The first batch of tokens will be backed by palladium, cobalt and copper mined by Nornickel. Over the first year, Nornickel expects to tokenize up to 10 percent of its overall sales volume.

“ConsenSys Health will be specifically targeting the U.S. healthcare market as the most ripe for disruption, citing its high per-capita cost — by far the highest among OECD countries.

According to ConsenSys, blockchain can improve on this by addressing the rising costs of research and administration. Making data sharing safer and faster, expanding access to care and engaging patients directly are some of the initiatives where blockchain can help.

Spinning off a separate company in this area is an opportunity for us to combine the powerful technology built by ConsenSys with a team of domain leaders to solve the biggest challenges in healthcare.”

“The community deemed action necessary because Steemit owns a giant pile of tokens that could be used to take over the blockchain. It is believed that Sun, a savvy marketer and controversial figure in the industry, now owns that giant pile.

When the soft fork was executed, the network’s validators, called witnesses, blocked STEEM held by a limited set of accounts from voting on who governs the network and participating in other ways that might allow it to seize control.”

“After facing multiple delays, Filecoin (FIL) is now looking toward a mainnet launch in Q3 2020 — which will be supported by a Gemini exchange custody solution.

The Filecoin project is a decentralized storage system based in the cloud. Its InterPlanetary File System, or IPFS, requires FIL coins as payment to miners in exchange for storage space.”

“Starkware believes it can solve two of the most pressing issues in crypto trading — the inherent vulnerability of centralized exchanges and the low transactional capacity of decentralized ones. 

We basically provide a scalability engine for exchanges. We batch a large number of trades together (could be tens of thousands) and prepare a single STARK proof, which attests to the validity of the entire batch.

Therefore, the system becomes self-custodial which almost completely eliminates the risk of an exchange mismanaging users’ deposits. Its first use-case is the Deversify exchange, an Ether DEX, launched by Bitfinex.”

“Status had been working on the improvements to the Whisper protocol before realizing its significant scalability issues. In 2019 the team forked Whisper to create Waku. Its current version can handle up to 1,000 daily users. However, the team expects Waku 1.2 to handle up to 100,000 users when it is released in 2-3 months.

But for Status to compete with mainstream giants such as WhatsApp, Telegram, Signal the company is simultaneously working on another modular peer-to-peer messaging stack from the ground up.

We don’t rely on central servers, everything is p2p. All the messaging is routed via go-ethereum [Ethereum networking layer].”

Polkadot will be the first non-ethereum blockchain to integrate Chainlink.

Chainlink is set to become the first and primary oracle provider for all Substrate-based chains and eventually the entire Polkadot network.”

“Judge Katherine Failla heard this afternoon from three plaintiff teams suing iFinex et. al. and vying to serve as lead counsel in the emerging class action with potentially tens of thousands of injured members.

IFinex’s Tether (USDT) stablecoin firm and its Bitfinex subsidiary are charged with manipulating the Bitcoin market in 2017. The Griffin paper also found ‘insufficient Tether reserves before month-ends.'”