18 July

“Beijing has released a 145-page plan to become a blockchain hub by 2022.

Beijing will build a system for digital governance, create avenues for data-sharing between agencies and businesses, and enable cross-regional collaboration. All of these will be carried on a national blockchain platform.

Twelve use cases have been identified in the plan. They range from implementing blockchain applications at airports, to customs, to finance platforms for small businesses, and to general municipal and governmental services for the citizens.

Ports and customs will see data shared via the central ledger—eliminating the long wait times associated with current digital and paper-based alternatives. Solutions for enterprise banking and billing will provide identity authentication and reimbursement tracking respectively.

Under the plans, small and medium businesses will enjoy improved capital access for their entities while lenders manage risk via the ledger.”

“The Bank of Thailand (BOT) has confirmed the bank is already using a CBDC for transactions with some businesses.

The central bank plans to expand the use of the digital currency among large businesses. Transactions with the Hong Kong Monetary Authority will be conducted with the CBDC from September.

Access to the general public, complete with a state-backed wallet provider, is currently under consideration.”

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“Ethereum 2.0 developers have stated there’s almost nothing left to do before launching the ethereum 2.0 full testnet, a key milestone and the final stage prior to the live launch of the genesis block.

I expect we announce a date Monday/Tuesday.”

“Under the new law, the Hong Kong government will be able to freeze and confiscate assets from people or organizations that are suspected of being involved in national security crimes.

Data suggests people in Hong Kong are increasingly using stablecoins as a way of keeping their assets independent of a banking system that is subject to government control.

Many people don’t believe they can trust the government or banks to keep their assets safe anymore.”

“Although DeFi is still in its infancy, it ‘could leapfrog the current FinTech industry, providing a new structure of financial services‘ in the years to come.

In their view, DeFi will become a trillion dollar industry and ‘provide income for thousands of gamers, streamers, and influencers.’ It will also be adopted by European financial institutions who will switch to offering ‘DeFi-enabled savings and pension accounts.’

As more traditional financial institutions are exposed to the benefits of DeFi and its complexity there will be a greater need for professional services firms to cater to and audit these activities.”

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“We have added the following assets to binary options, allowing traders to take positions on yes/no outcomes on their prices: COMP, LEND, KNC, and REN. Please note that these assets are not available as Synths.”

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DOT spot trading against Tether’s USDT stablecoin on OKEx started at 8:00 AM UTC today.

DOT deposits and withdrawals aren’t supported yet, and the tokens can currently only be obtained by claiming them on the mainnet from Ethereum’s blockchain.”

“British artist Terry Flaxton, a cinematic artist who has been producing work since 1970, has debuted his first tokenized work on blockchain today via digital platform MakersPlace.

Flaxton has held more than 200 exhibitions around the world for his artwork, with pieces of his currently on display in Berlin’s Museum of Modern Art, London’s The Lux Centre, and many other collections.

With blockchain, artists can for the first time, digitally sign and issue limited editions of their artworks to be owned by a collector.”

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“The pair are calling on developers to compete in their July 31 “GameJam” hackathon that aims to build Web 3.0 novelties for the state-run lottery.

Winners could ultimately see their finished projects premiere in Colorado bars and restaurants. Colorado is betting this jam will yield novel lottery products with broad gamer appeal.