March 28

Recommended read.

“With officials starting to envision what it might take to rebuild damaged economies and restore society to a semblance of normal, speculation is mounting that seismic shifts might be in the offing for the global monetary system — a phenomenon that historically has occurred in the wake of world wars. 

Think Bretton Woods, the historic gathering in 1944 at a mountaintop resort in New Hampshire, which set the template for the current system and entrenched the dollar’s near-century-long reign as the world’s dominant currency. 

Bank of England President Mark Carney floated the idea of a “synthetic hegemonic currency,” possibly based on new digital-asset technologies, to reduce the dollar’s “domineering influence” on global trade. China, the world’s second-largest economy, has been pressing forward with a digital version of its yuan that might be used more widely in global trade. Facebook, the social network, proposed last year to create its own payment token, libra. Bitcoin, launched in the throes of the 2008-09 financial meltdown, offers another alternative.

See Also: How a Flurry of ‘Digital Dollar’ Proposals Made It to Congress


“The bank is using blockchain as opposed to a traditional database because it plans to tokenize the private placements after it digitizes them. Private placements are sales of stock shares or bonds that don’t occur on the open market. 

Clients can access the Corda platform, which the bank has dubbed “Digital Vault,” through their HSBC online accounts. The bank is trying to anticipate a world in which financial entities turn to tokens as a better way of issuing assets.

It’s more of a case of us trying to future-proof ourselves as blockchain becomes more mainstream.”

See Also: South Korea’s Largest Bank Launches a Crypto Custodial Service


“Virus or not, people are still paying for goods in bitcoin (BTC). That comes from a massive network: 8,000 integrated retailers now accept cryptocurrencies alongside their other payment streams.

Coinbase is seeing a surge in the use of stablecoins for payment, particularly its own dollar-pegged USD Coin (USDC). USDC leads the growth pack.”


“A nominee for a CME director role believes the Chicago-based exchange, one of the few regulated providers for crypto derivatives, should issue its own tokens and mine bitcoin with renewable energy.

Dante Federighi said that if elected, he would turn CME B-shares into “New_CME_Tokens” to improve governance. Federighi also proposed that CME should build its own renewable energy plants to power operations and ‘divert the excess energy to mine Bitcoin and other cryptocurrencies,’ which could be “immediately converted” into fiat.”


“The database does include users’ personal information, as well as account balances and transaction data. 

Members of the creditor’s committee had differing views on the potential privacy concerns of turning this information over to the CRA.

The CRA’s request is an unprecedented affront to individual privacy. I’m concerned this smells like a [fishing] expedition.”


Voice users must provide their home address, government identification, and images of themselves in order to be verified [and use the platform].

None of the posts or user data is stored on the Voice Chain. U.K.-based firm, HooYu, will store all of the actual data for Voice. The firm reserves the right to share all user data collected with its employees and contracted third parties.

HooYu offers a debt recovery service, through which user data can be used to trace debtors by ‘revealing all connections to an individual or business; this allows them to discover hidden addresses, associates, telephone numbers and email addresses.'”


“EOS New York proposed the simplified EOS User Agreement (EUA) which, among other things, omitted a clause that prohibited BPs from buying votes from the community [in April 2019].

Accusations of poor governance abounded: Former EOS backer Brock Pierce said in August that network governance had become a “Chinese oligarchy.” EOS Tribe, another original BP, said in September it was leaving EOS altogether, complaining corruption and back-room vote-buying deals had led to a “mediocre performance” and failed transactions.

In November, EOS New York said it had discovered that six current BPs were actually controlled by a single entity. Still, vote-buying on EOS continues to grow unabated.


Great interview with Synthetix founder.

“Hive tokens are trading at $0.321 versus steem at $0.168. The upstart is almost twice as valuable as the original blockchain. Meanwhile, a lot of the major pillars of the community are moving over to Hive, and major holders of steem tokens have begun making moves to exit their positions.

This is a true show of how a community can’t be bought.”


“MiPasa, built on Hyperledger Fabric, is expected to evolve as a range of data analytics tools are added, followed by testing data and other information to assist with the precise detection of COVID-19 infection hotspots.

Analytics tools can provide powerful insights, provided everyone can be sure and agree all the data on the platform (which is entirely open and free to use) is correct and consistently versioned.”


“The collaboration will involve creating 3D voxel versions of popular Atari game properties. These include Asteroids, Centipede, Pong and RollerCoaster Tycoon. Under the terms of the collaboration, Atari will receive large digital “estates” within The Sandbox gaming metaverse.

In its blockchain iteration, based on Ethereum, The Sandbox will offer users three new features shaped by the technology: a tool for building non-fungible tokens (NFTs) and in-game voxel assets, a marketplace for trading these assets, and a game maker tool for users to construct, share and monetize interactive games.”


🤔

“Their paperwork details a method of crypto mining which exploits data associated with a user’s body activity to exercise a new form of proof-of-work. Ultimately, the system awards cryptocurrency to the user whose body activity data is verified.

For example, a brain wave or body heat emitted from the user when the user performs the task provided by an information or service provider, such as viewing advertisement or using certain internet services, can be used in the mining process.”