“Federal Reserve Board Chairman Jerome H. Powell provided a statement on May 28, 2020, regarding the suitability of AMERIBOR as a replacement to LIBOR. AMERIBOR uses a permissioned version of Ethereum blockchain to capture the interbank lending rates.
AFX will mint two non-fungible [ERC-721] tokens for each party in a transaction. The AFX Blockchain uses proof-of-authority, meaning that while the tokens will be compatible with the public blockchain, AFX maintains a degree of control over the transactions.
The London Interbank Offered Rate (LIBOR) is a widely used benchmark for short-term interest rates that was hit with a series of scandals that led to billions of dollars in losses for local municipalities in the U.S.
We believe the blockchain has the potential to transform electronic trading and financial markets. AFX is committed to remain in the forefront of this new technology.”
“Ethereum projects including WBTC and imBTC hold 70% more bitcoins than Lightning or Liquid. The supply of tokenized bitcoin has grown 330% year to date.
“Tokenized bitcoins,” as these projects are called, allow users to denominate in bitcoin when transacting in the Ethereum network’s emerging ecosystem of decentralized financial products.
Ethereum has an incredibly diverse set of financial applications built on it. We’re going to start seeing a multitude of other use cases as the market for bitcoin on Ethereum continues to grow.”
See Also: Crypto Exchange OKEx Launches Ether Options
“Experimental software called “Asmap” was included to protect against a theoretical “Erebus” attack. An Erebus attack allows nation-states and/or large internet providers such as Amazon Web Services to spy, double-spend or censor bitcoin transactions.
As of Wednesday, a solution to the attack is now embedded in the 20th edition of Bitcoin’s code, making the fledgling monetary system even more censorship-resistant.”
“Most of the heavy-lifting came from Huobi, OKEx and Binance. The three exchanges made up 80% of May’s derivative activity. There was also a notable increase in trading activity around crypto options. Volume on options exchange Deribit more than doubled to $3.06 billion in May.
The surge in crypto options trading suggested a ‘more sophisticated, diverse class of investor‘ is getting involved.
While spot volumes continue to make up the lion’s share, representing roughly 68% of total trading activity, crypto derivatives saw their share increase to 32% in May from 27% in April.”
See Also: Bloomberg Analysts Predict $20K Bitcoin This Year
“Japanese cryptocurrency exchange DeCurret, which is hosting the study group, said in a statement Wednesday, that the members would ‘examine and discuss challenges and solutions concerning digital currencies and digital settlement infrastructure, to find a consensus toward their realization.’
DeCurret, which has been licensed since 2019, said that the study group will provide ‘the need for a direction for the realization of valuable digital currencies in Japan.'”
“Podcaster Joe Rogan has revealed that he uses the privacy focused Brave browser to avoid internet ads and Google tracking.
It’s one of the most high profile endorsements in Brave’s history with Rogan’s podcast downloaded more than 190 million times each month.”
See Also: Crypto-Powered Brave Browser Reaches Over 15 Million Monthly Active Users
“Research by Flipside Crypto into revenue generated by blockchain games shows that, in some cases, gamers are earning more than the game companies.
CryptoKitties generated $27 million in revenue in the first year with $7 million going to the company and $20 million to the breeders.
The research provides an interesting breakdown on how revenue is being distributed. On one extreme, there is Gods Unchained, where almost all of the money went to the company. On the other is Crypto Kitties, where the gamers or the breeders raked in 75% of revenues.”
“I’m running because we need to wake up and we need new representatives who have 21st century solutions to these 21st century crises.
I view cryptocurrency as part of the vanguard of this era’s civil rights and civil liberties. And fundamental access to capital is the civil rights fight of this era.”
“Sam’s Club will utilize a modified version of VeChain’s ToolChain platform alongside software sensors, hardware sensors and Internet-of-Things (IoT) technologies to automatically upload data from across the company’s supply chain onto the blockchain.
Since mid-2019 PwC China and Walmart China have been developing a traceability platform on the VeChain blockchain called the Walmart China Blockchain Traceability Platform.”