15 May

“Wednesday evening, Reddit revealed its plans to utilize the Ethereum network to incentivize the creation of “quality posts and comments.” The points can be spent on premium features and used as a measure of reputation in the community.

In addition, users will be able to leave a tip for comments they like or posts they see as valuable. Users will also be able to transfer community points directly to another Reddit member’s Vault as well as any Ethereum wallet address.

Community points are controlled by the user where users retain full control, meaning moderators nor Reddit itself can take points away. The r/Cryptocurrency and r/FortNiteBR subreddits introduced the new tokens, called moons and bricks respectively.”

See Also: Customizable Eth2 Staking Calculator Launched

“The Proof of Stake Alliance (POSA), an industry advocacy group, is publishing a series of recommended standards for companies participating in a proof-of-stake consensus protocol in an effort to reduce regulatory clampdowns on different networks.

The group met with members of the U.S. SEC earlier this year to discuss their proposals and discuss staking more broadly. The idea is entities that stake networks can be seen as service or infrastructure providers, rather than financial product providers.

We’re coming out with some industry-driven solutions around staking as a service which we believe will really help push the ecosystem forward.”

“With several services and pools of liquidity under one roof, Bequant is able to help institutional clients trade and expand their portfolios while keeping transaction costs low. Bequant is connected to 18 different sources of liquidity including seven crypto exchanges, and plans to have 30 by the end of 2020.

We are tailored to a lot of quant [hedge funds] and our clients typically look at trading through automated strategies, arbitrage, you name it.”

See Also: Polymath Eyes June Testnet Launch for New Blockchain Designed for Security Tokens

“The People’s Bank of China proposed a blockchain trade financing information platform for the Guangdong-Hong Kong-Macao Greater Bay Area.

Blockchain’s decentralized infrastructure makes third-party intervention unnecessary when sharing trade info between members. This makes for a highly secure foundation for a trade finance information platform.”

“As explained by Lucas Campbell, many decentralized finance protocols can be considered products with well-defined revenue streams. For example, Maker (MKR) makes money through the interest rates charged on its lending platform.

Pinpointing a project’s specific revenue allows analysts to re-introduce some metrics used to evaluate a stock’s price. One of the simplest measures is the price-earnings ratio, or PE.

Overall, many DeFi projects are valued at triple digits of their protocol’s revenue, an average that is strikingly close to those found in traditional markets.”

Ethereal Summit: Augur V2

See Also: Ethereal Summit: Uniswap V2 (Video)

“More than 70,000 crypto-related suspicious activity reports (SARs) have been filed since 2013. Still, the figure represents just 0.59% of the more than 12 million reports FinCEN received between 2014 and 2019.

Around half of these reports were submitted by crypto companies themselves. FinCEN is also beginning to look closely at privacy coins and any company offering them.

We are increasingly concerned that businesses located outside the United States continue to try to do business with U.S. persons without complying with our rules.”

“The phone, called “Galaxy A Quantum”, has a quantum random number generation chipset. The blockchain-powered system is utilized when users pay for goods and services at offline merchants with the SK Pay.

Blockchain is also used to help prevent the falsification and theft of information stored on the phone. Another of the phone’s major features is SK Pay biometric protection — a mobile blockchain authentication service.”