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“Six months after the beta test launch, China’s Blockchain-based Service Network — or BSN — is now officially available for global commercial use.
The BSN is a global infrastructure to help blockchain projects create and run new blockchain applications for a lower cost. It also aims to accelerate the development of smart cities and the digital economy.
The network currently has 128 public nodes. 76 of these nodes are in China, 44 are under construction, and the remaining 8 are overseas city nodes, which cover six continents. They plan to have at least 200 nodes in the network.”
“BitMEX announced an ether quarterly futures product Friday, which it described as ‘the only one of its kind available in the market.’ Open interest on BitMEX, the largest market for ether perpetual futures, is just below $80 million.
Long positions in Bitfinex ether perpetual futures are also soaring ahead of the Ethereum upgrade. Those contracts began noticeably climbing starting in mid-March. Cryptocurrency over-the-counter desks are also seeing increased investor demand for ether.
The ETH 2.0 launch is being watched closely by investors and stakeholders.”
“Incognito is a new privacy and interoperability project that seeks to anonymize the tokens of every other blockchain. As part of that goal, it is launching private versions of leading Ethereum (ETH) decentralized finance platforms.
The pKyber initiative is the first part of Incognito’s initiative to make DeFi private. Incognito’s roadmap also includes integrations with 0x, Uniswap and the Compound lending platform, all to be finished before July 2020.
Essentially, Incognito acts as a trustless proxy for private trading instructions, allowing a person to swap ETH for the DAI stablecoin without ever interacting directly with the Ethereum blockchain.”
“The Innovation Hub head highlights the likely decline of cash-based payments amid the COVID-19 pandemic, asserting that the current economic climate has given greater cause for discussions surrounding CBDC.
He also revealed that the Bank of International Settlements, or BIS, is exploring tokenization as a possible solution for restarting segments of the economy during the lock-down.
Issues such as tokenization, open banking, and using technology to support regulatory and supervisory compliance (‘regtech’ and suptech’) are high on our agenda.”
“The United Arab Emirates is approaching its 2021 deadline for migrating at least 50% of all government transactions onto distributed ledger technology-based platforms.
When complete, the DLT overhaul is intended to save approximately $3 billion from reduced transaction and document processing, save 77 million work hours, and lower the number of printed documents by 398 million each year.
When juxtaposed against jurisdictions that have also taken a proactive approach, […] you start to see a global digital asset ecosystem being built.”
“The Public Private Execution Network (PPEX), an alternative trading system (ATS) for exempted digital assets and other private securities, has regulatory clearance to launch in the U.S.
PPEX supports secondary trades for all manner of exempt securities, including digital assets native to a blockchain.”
“Smart Chain’s governance allows ‘CZ [to] likely reign control over the chain given his influence and his BNB stake.’
It is certainly not a competitor for building the decentralized future. […] Centralized chains miss the point, every time.
Yet another Chinese copy-cat, this time of EOS DPOS–one of the largest $2 billion nothing burgers ever built.”
“Andreas Antonopoulos compared working at Chainalysis to working for a weapons manufacturer or a company that builds cages for concentration camps.
Companies like Chainalysis and others are basically in an arms race against privacy. And what they’re doing is they’re providing the world’s worst dictators and regimes, either directly or indirectly, with information that violates the civil rights of millions of people.”
“Northwell Health, a New York-based healthcare group comprising over 800 hospitals, has joined IBM’s Rapid Supplier Connect network.
IBM’s network is a cloud-based application that uses distributed ledger technology to assist businesses providing coronavirus relief supplies to connect with buyers. IBM Blockchain has devoted its Rapid Supplier Connect network for assisting and vetting suppliers providing emergency goods needed for coronavirus relief efforts.
In addition to New York’s largest healthcare provider, IBM’s network is welcoming the Supply Chain Federation — comprising over 200 U.S-based members.”