21 May

“The bitcoin market sold off more than 7% Wednesday after a Twitter bot alleged a recent bitcoin transaction came from a wallet possibly belonging to Satoshi Nakamoto, the protocol’s creator.

More sophisticated analysis casts doubt on Nakamoto’s connection to these coins. Analysis of the habits of a single, early miner has been used to develop the “Patoshi pattern,” which is believed to indicate which blocks Nakamoto most likely mined and those he didn’t.

The “Patoshi” miner is believed to be Nakamoto, according to the hashrate analysis. Disproving that bitcoin’s creator owned these coins, however, is ultimately impossible.”

See Also: Price Drops 7% in an Hour After Bitcoin Sees a Ghost

“On Tuesday, U.S. House Rep. Brett Guthrie (R-Kent.) introduced a bill calling on the Federal Trade Commission (FTC) to survey the prevalence of blockchain technologies. If passed, the bill would give the FTC two years to conduct the survey.

Guthrie calls for recommendations on state-level blockchain adoption, business sector blockchain adoption, blockchain development plans, risk mitigation strategies, legislative frameworks and how to consolidate potentially prohibitive federal statutes.

The recommendation package would effectively outline a comprehensive blockchain strategy for the United States.

We cannot let China beat us.”

See Also: US Military Is Falling Behind China, Russia in Blockchain Arms Race: IBM, Accenture
See Also: A Former Coinbase Lawyer Is About to Become Acting Head of US Bank Regulator

“France has become the first country to successfully trial a digital euro, operational on a blockchain. The bank says it tested a sale of securities for central bank digital currency (CBDC) on May 14, signalling the beginning of more robust testing.

The current pilot program is focusing on wholesale rather than retail uses for a digital euro.”

See Also: Chinese Communist Party Adds Crypto to Curriculum

“The first large minting of MakerDAO’s dai stablecoin using a bitcoin synthetic has occurred, signaling user demand for inter-blockchain asset support on Ethereum.

Crypto lending platform Nexo minted $4 million dai Wednesday by using WBTC as collateral. The minting of $4 million in stablecoins represents some 3% of the amount of dai currently minted, but about 50% of the WBTC market cap.

Porting bitcoin onto Ethereum is a win-win: DeFi users gain exposure to bitcoin’s liquidity – such as derivatives platform dYdX – while utilizing Ethereum’s transaction speeds.

This really showcases the latent demand for non-ETH assets, and it’s the beginning of a broader trend of DeFi acting as an economic vacuum that will eventually attract almost all value to the ethereum blockchain.”

See Also: Spike in User Activity Drives Bullish Divergence for Maker

“Tokensoft, a digital securities platform for enterprises and financial institutions, has used blockchain tech to distribute equity to investors in a $4 million funding round.

While many in the industry speak of the benefits of digitizing private capital markets, Tokensoft has actually done this with its own shares.

I have the ability to hold shares in my wallet, receive dividends, bids or offer shares and gather real-time market data that facilitates price discovery.

The investors receive a digital representation of their investments on the Ethereum blockchain using the ERC-1404 tokens to ensure the SAFE agreements will be enforced on-chain.”

Tesla aiming to put Distributed Renewable Energy Exchange on a Blockchain?

“The UMA Project community approved contracts that allowed creating its first token: ETHBTC. The intriguing thing about ETHBTC, though? No ETH or BTC is needed to make it.

This will be the first deployment of what UMA, a decentralized finance (DeFi) project, calls the priceless token model, one built from the start to minimize the need for oracles.

The mechanisms behind this design have not been proven in the wild. Users should proceed with extreme caution.”

“The continent’s very specific challenges and its enthusiastic workforce are the key ingredients cryptocurrencies like Bitcoin need to succeed.

Fragmented infrastructure means that Africans pay the highest remittance costs in the world, and are the second highest unbanked population, but these could prove to be opportunities in the right hands.

Africa missed the first, second and third industrial revolutions, but we have a real opportunity to be a part of the Fourth Industrial Revolution.”

See Also: This Bitcoin Documentary From Africa Is Streaming on Amazon Prime

“The Steem blockchain has just split, or hard forked, controversially seizing the tokens of key community members who opposed TRON’s recent acquisition of the ecosystem’s biggest dapp, Steemit.

The hard fork’s GitHub page lists all of the users who will have their tokens seized: 64 in total.

A letter was sent on Tuesday by a legal firm representing affected members – calling on exchanges to not support the hard fork. The legal letter calls the fork a “planned theft” and threatens legal action against any exchanges that voted in favor of it.

“THETA.tv will be included in the Samsung Daily app, which is also being upgraded to bring the television service to all existing Galaxy S10, S9, Note10 and Note9 devices. That will extend Theta’s potential global reach to more than 75 million smartphones and tablets.

THETA.tv is supported by the Theta blockchain, which allows users to earn its native TFUEL token while watching or streaming content.”