“Arca Funds wants to create a fund to buy U.S. Treasury bonds and then use them to back a digital token created atop the ethereum blockchain network. Those tokens will then be distributed to investors. Executives with the project say they’re hopeful for the go-ahead in the next few months.
The ERC-1404 standard allows shareholders to interoperate with the entire ethereum ecosystem with added functionality that allows the fund to enforce transfer restrictions within the ArCoin smart contract.
The ultimate prize for crypto-focused entrants like Arca is that a new market for digital token-based funds might spring up to compete with exchange-traded funds, or ETFs, which can be traded like shares on venues such as the New York Stock Exchange and Nasdaq.
In materials on closely held Arca’s website, executives describe the proposed ArCoin as a “blockchain-traded fund,” or BTF.“
“The securities regulator wrote the New York-based Wilshire Phoenix had not proven the bitcoin (BTC) market is sufficiently resistant to market manipulation.
SEC Commissioner Hester Peirce, known as “crypto mom” in the space, published a dissent, writing that the agency applies a “heightened standard” to bitcoin products.
This line of disapprovals leads me to conclude that this Commission is unwilling to approve the listing of any product that would provide access to the market for bitcoin and that no filing will meet the ever-shifting standards that this Commission insists on applying to bitcoin-related products—and only to bitcoin-related products.”
“Trinity College Dublin’s chair of computer systems, Dr. Douglas Leigth, authored a study comparing Chrome, Firefox, Safari, Microsoft Edge and Yandex in terms of how much personal data they share with backend servers. Brave’s default configuration was by far the best of the bunch.
Used ‘out of the box’ with its default settings Brave is by far the most private of the browsers studied. We did not find any use of identifiers allowing tracking of IP address over time, and no sharing of the details of web pages visited with backend servers.”
“Users can send cryptocurrencies by asking recipients for their wallet usernames like “@walletfan” and use them as the sending addresses. To be clear, the short usernames do not replace 16-digit wallet addresses but instead provide a more user-friendly representative that sits on top.
The new support also includes an integration with ENS, allowing Coinbase Wallet users to send cryptocurrencies to .eth addresses.
We believe these improvements will make cryptocurrency much easier to use and help drive adoption with a more mainstream audience.”
“Decentralized finance (DeFi) platform Compound is going ahead and decentralizing itself. Compound is launching the testnet of its experimental governance platform today, complete with a trial version of its COMP governance token.
Community members who feel it should incorporate other assets will now have a much better chance to get their way, because updates will be a matter for users to decide.
From here, Compound will focus on building services that run on Compound.“
“The coronavirus outbreak has led to postponed work resumption in government institutions, including the People’s Bank of China. Policymakers and research staff involved in the DCEP [Digital Currency Electronic Payment] project are no exception, which weighs on the development process.
A blockchain researcher at the Yangtze Delta Region Institute of Tsinghua University said that he expects the launch of the CBDC to still happen this year.“
“Unlike trusted-setup systems, Supersonic requires no trust from third parties. A trustless zk-SNARK like Supersonic is a major breakthrough in cryptography within the last year, especially as decentralized finance applications gain traction.
Verifiable delay functions are a cryptographic tool that can be used to create perfect randomness, which is necessary for proof-of-stake networks. VDFs will be used in ETH 2.0. There is already a lot of investment in building good hardware and software support for VDFs.“
“The platform will allow fans to own gamified ‘tokenized representations of their favorite fighters‘ resembling Tamagotchis, with fans able to train, level up, and manage diets to qualify for different weight classes.
Flow is Dapper Labs’ forthcoming blockchain project, which the firm describes as a developer-friendly platform for building blockchain apps, games and digital assets. Flow has seen ‘enormous interest from organizations and individuals across music, entertainment, and sports.‘”
“The regulator notes in its conclusion that digital ledger-based settlement could provide a “workable solution.” However, it adds a number of the respondents said that unless there are changes at the EU level relating to central securities depository (CSD) rules, there are obstacles to the introduction of the tech.
It looks likely Malta is looking to shed its reputation as a hub for money laundering.”
“Crypto prime brokerage service Tagomi is joining the Libra Association, becoming the 22nd member and the second to join since the group was formally founded in October 2019.”
“A lawsuit claiming Ripple violated securities laws will be allowed to move forward.
Hamilton said the suit can include claims filed under federal law but dismissed some claims filed under California state law. The putative lawsuit is now stretching into its second year, after a number of similar complaints were consolidated and moved from state court to federal.”