29 May

“Crypto fund manager Grayscale Investments is accumulating Bitcoin at a rate equivalent to 150% of the new coins created by miners since the May 11 block reward halving.

There isn’t enough new supply to go around, even for just one guy.

Last week, Rooke estimated that Grayscale had been buying Bitcoin at a rate equal to between 33% and 34% of new supply during the first quarter of 2020, having accumulated 60,762 BTC over 100 days.”

See Also: SEC Comm: A Bitcoin ETF Could Help Fairly Price Grayscale’s GBTC

Samsung Blockchain users in the U.S. and Canada can now connect to Gemini’s mobile app to buy, sell and trade crypto after the companies built an integration between the two applications.

The Samsung Blockchain Wallet allows users to self-custody crypto directly on their Samsung Galaxy phones. With Gemini Custody, Samsung users can now also transfer their crypto into cold storage.”

“Speaking during an annual shareholder meeting Wednesday, Zuckerberg said Facebook’s commerce work, including Libra, should be viewed through the lens of its ads business. Combining ads with an effective payment tool for users can benefit businesses further.

If we can make commerce be more effective for businesses if when they run an ad, somebody who clicks on that ad is now going to be more likely to buy something because they actually have a form of payment that works that’s on file.”

“Brave, the privacy-centric cryptocurrency-powered web browser has launched in-browser video calls featuring end-to-end encryption.

The encrypted video service, dubbed ‘Brave Together’ can be used to make unlimited encrypted video calls featuring two participants. All Brave users can access the feature, with no account sign-ups needed. Video conferencing supporting more than two participants is currently being tested.

Brave Together is based on the open-source encrypted video software Jitsi — which was vouched for by NSA whistleblower Edward Snowden in 2017.”

“The new offering allows server hosts to create their own localized Minecraft economies by providing their players with tangible ownership over in-game items and currencies.

It also allows for players to securely trade their assets in peer-to-peer (P2P) fashion through the server or via external chat rooms and digital trading platforms like the Enjin Marketplace.

EnjinCraft is the beginning of a new era for sandbox games. Players now have a tangible stake in their gaming worlds.”

“Bayer China revealed in an interview Thursday it had chosen VeChain as tech provider for a new blockchain-powered solution that will allow the firm – a branch of Bayer – to track clinical drugs across the supply chain.

Known as “CSecure,” the system loads a batch number relating to a specific drug onto the blockchain. Each drug can then be tracked as it moves across the supply chain, using timestamps and user-identification information at different waypoints.”

“We’re excited and proud to announce that the next edition of Devcon will take place in Bogotá, Colombia at the beautiful Agora Bogotá Convention Center in 2021!

Rather than asking you all to continue to wait with bated breath or delaying plans by a few short months, we’re going to lengthen our lead time and super-size our ongoing efforts around Devcon 6 in 2021. This can be done staying true to Ethereum’s roots with ecosystem-driven events in 2020.”

“Crypto key management platform, Torus, has launched its non-custodial key management solution DirectAuth — enabling streamlined log-in experiences for web3 applications.

DirectAuth builds on top of the Torus Wallet, which facilitates one-click logins for decentralized applications, or dapps. The addition of DirectAuth allows persistent logged-in action, streamlining transactions and signing from within a single app.

Users can also send ERC-20 and ERC-721 tokens to Google emails, Reddit usernames, or Discord IDs through Torus.”

See Also: After a Slow Start, Tether Sees Increasing Usage in DeFi
See Also: Tether Explains Why It Hasn’t Burned Any USDT

“Blockchain-enabled ‘immunity certificates’ or ‘immunity passports’ for COVID-19, if implemented by public authorities, would have serious consequences for our fundamental human rights and civil liberties.

I cannot be part of an organization overly influenced by commercial interests that that only pays lip service to human rights.”

“Russia’s largest bank, Sberbank, has called for tenders to provide 4,917 ATMs with a built-in graphic card capable of supporting “blockchain operations”. The most obvious use case for a blockchain optimized graphics card is mining cryptocurrency.

Besides mining, perhaps it could be used for processing of some cryptographic algorithms, but I have no idea why an ATM would need it.

Could Sberbank be issuing its own cryptocurrency or will Russia’s government use the bank’s vast network to distribute a cryptorouble? Perhaps, these new ATMs could become a part of the enormous mining network supporting the new cryptocurrency?

See Also: Russia’s Central Bank to Launch Blockchain-Powered Digital Mortgage Platform

“The order draft, labeled at press time as “Preventing Online Censorship,” brings further clarity to social media industry boundaries.

Current guidelines give internet entities broad liability immunity. The executive order aims to give that immunity parameters, preventing overarching censorship. The draft also includes several other aspects, such as the First Amendment’s place on the web.

In a country that has long cherished the freedom of expression, we cannot allow a limited number of online platforms to hand-pick the speech that Americans may access and convey online.”