24 June

“LibertyX, the firm that launched one of the early Bitcoin ATMs, has just made purchasing Bitcoin in cash possible at more than 20,000 retail locations across the United States. Customers of retailers including 7-Eleven, CVS Pharmacy, and Rite Aid [can now] buy Bitcoin (BTC) with cash.

Users need to have the LibertyX mobile app installed, select which retailer location they will visit in advance, and scan their barcodes at the time of purchase. Crypto holders can buy between $20-$500 with transactions processed in minutes for a small fee.

Now, everyone is only a few miles away from owning bitcoin.”

“KPMG has built a suite of tools designed to help both traditional financial companies and fintech startups provide tightly managed crypto-asset services.

Targeting institutional clients, the new KPMG Chain Fusion product lets customers manage their data in compliance with regulations around financial reporting, security and processing needs. The suite allows these customers to collect and organize data from both traditional systems as well as blockchain databases.

This allows these entities to run “advanced analytics” on the data.”

See Also: In Banking First, ING Develops FATF-Friendly Protocol for Tracking Crypto Transfers

“Balancer’s core function is it allows users to make pools of tokens that automatically rebalance, and to tokenize those pools. So if a pool was built so that the value was 50% WBTC, 25% WETH and 25% BAT, for example, it would sell some of its WBTC for WETH and BAT if WBTC shot up in value, so that the proportion of value went back in line. In short, it automates crypto indices.

The dapp can offer the same DEX functionality as Uniswap. The big question for BAL: Can it catapult Balancer into Uniswap’s place as the AMM of choice on Ethereum?

The smart contract governing BAL provides for 100 million tokens with no inflation. So far, 35 million have been minted. Of those, 25 million are designated for the team, advisers and investors. The remaining 65 million tokens mint at a rate of 145,000 BAL every week, which means it would take about nine years to fully distribute.

I think we will see that Balancer builds a very successful brand quickly.”

Ja Rule has inked a deal with Roll, an Ethereum-based protocol that allows content creators to control their own platforms using cryptocurrency’s native digital scarcity.

The concept of social money allows artists to have birth-to-death control over their content. Tokenizing access to personal work such as music or writing enables an artist to be paid in their own currency, letting them set the monetization rules.

If someone can create their own social network online, they should be able to create their own social money. This really allows them to give users a stake in their community and create this deeper sense of belonging.

Founded in 2019, Roll launched into private beta this week backed by a $1.7 million seed round led by BitMEX CEO Arthur Hayes.”

See Also: Social Money (On a Roll) – Single (Audio)

“New Solidity deposit contract formally verified and added to the bounty program.

The time is almost here for the first public, multi-client testnet of v0.12 – Altona with an expected launch date in the next seven days.”

“The Status Keycard now works with Android smartphones to make mobile apps more secure. It also enables a user to both authorize the spending of crypto and acts as a form of two-factor authentication (2FA) for logging into applications.

Now we are working on developing an open payment network. It would be particularly interesting in countries where it is difficult to open a bank account.”

See Also: Handshake Goes Live With an Uncensorable Internet Browser

Baseline Protocol

“SmartContract, the company behind the Chainlink oracle network, will help the state-backed Blockchain-Based Service Network (BSN) with sourcing of reliable information about the real world. Meanwhile, Iris Foundation Ltd., an “inter-chain” services firm that integrates businesses with the Cosmos network, will assist BSN with interoperability, or allowing different systems to work in conjunction with each other.

Our users will be able to obtain outside data such as stock prices and financial transactions through Chainlink while getting cross-chain services between blockchains adapted in the network with Irisnet.

We have been on-boarding two to three public chains every month.

BSN aims to deliver a demonstration of its cross-chain services as early as September.”

See Also: Chainlink (LINK) Near New All-Time High — Here’s 3 Reasons for the Rally

“The Police Accountability Now (PAN) Protocol is designed and built on the InterPlanetary File System (IPFS) and the Ethereum blockchain, so it can’t be shut down by any central entity. The aim is for civilians and police officers to file misconduct reports in an anonymous and searchable way.

Police misconduct reports are hard to obtain for journalists, much less members of the public. Reports are rarely seen by people outside of the police department. Only 12 states make the records public.

This protocol is meant to enable anyone to create a gateway/front end and let anyone log complaints.

We highly encourage someone to build a follow on adjudication process/protocol that verifies/vets any claim put into the database.”

See Also: Microsoft, EU-Based Universities Say Blockchain Could Help Meet Paris Agreement Carbon Goals

“A federal judge ordered Eran Eyal, the founder of the Shopin cryptocurrency, to pay $450,000 in fines last week as a result of allegations he committed fraud.

He paid the $450,000 fine in 3,105 ether, according to an SEC press release.”

See Also: What the Supreme Court ruling on SEC penalties means for crypto