30 September

“The updated Consumer Safety Technology Act, which now includes the Digital Taxonomy Act and the Blockchain Innovation Act, has passed in the House of Representatives and is now headed for the Senate as of Tuesday afternoon.

The Digital Taxonomy Act provides definitions for the terms “digital asset” and “digital unit” and would task the Federal Trade Commission with preventing unfair trade practices in both. The Blockchain Innovation Act would require the FTC to put together a report on blockchain’s role in consumer protection.”

See Also: Congress weighs crypto payments and fintech lending in hearing today
See Also: SEC Won’t Take Action Against Compliance-Focused Digital Security Exchanges
See Also: California Governor Signs Law Bringing State ‘New Tools’ to Regulate Crypto

“Ethereum 2.0 developers have launched yet another testnet, this time to give on-boarding stakers a dry run before the launch of Eth 2.0 sometime this autumn.

The main objective is to give us all another chance to go through one of the more difficult and risky parts of the process – deposits and genesis – before we reach mainnet. If all goes well, it should give us greater peace of mind before we jump into the real deal later this year.”

See Also: Launch rehearsal for Ethereum 2.0 ‘90% successful’ despite participation issues
See Also: Eth 2.0 Spadina Testnet Launch (Video)

“Gemini added “shielded” zcash withdrawals – meaning users can take assets off the platform without disclosing their identities or the size of their transactions.

The addition comes after Gemini received approval from the New York Department of Financial Services. The exchange claims it’s the first time shielded zcash transactions have ever been supported on a regulated exchange.

[W]ith the right controls in place and the proper education, regulators can get comfortable with privacy-enabling cryptos.”

“The decentralized finance (DeFi) community’s insatiable appetite for unaudited code has once again ended in tears and the loss of millions.

Eminence, an unfinished “economy for a gaming multiverse” being built by Yearn Finance’s Andre ‘I test in production’ Cronje, was discovered by DeFi sleuths after the developer posted art teasers for the project to Twitter.

Excitement for the upcoming project quickly reached a fever pitch, with the community FOMOing roughly $15 million into the EMN protocol. However, the protocol was quickly exploited and drained … before the hacker bizarrely opted to transfer $8 million of the funds back to Cronje’s yearn deployer account.

Noting that he has received “a fair amount of threats” Cronje announced that the Yearn treasury will assist in refunding users back the $8 million he received from the hacker.”

See Also: Investors Flock to India’s DeFi Scene Months After Central Bank Ban Overturned

MESE.io is housed on the Algorand blockchain, and powered by ChainUp’s digital cloud exchange tech. To hold one crypto-based microequity token is to hold a cryptocurrency that represents 1/10,000th share in a real stock.

Available at launch are seven global tech stocks: Microsoft, Apple, Tesla, Twitter, Amazon, Netflix, and Google.

The advantage of crypto is that holders can sell these microequity tokens on secondary markets, including those outside the MESE.io platform.”

“Permission.io is a platform that pays users in ASK tokens for engaging with, or even looking at, ads. Built on a fork of the Ethereum blockchain, the Permission platform incentivizes users to grant advertisers and other merchant participants access to their time and data.

Brave is purely a browser that collects no data, contending the ads people are served are random. Permission, on the other hand, allows people to be served ads through their “behavioral data.” Behavioral data means ads are served based on activities such as brand interactions and content consumption.

By the end of the year, users will have access to a feature called ‘MyData,’ which will allow them to input specific data points around preferences that will create even more precise ad targeting.

All data generated through Permission, regardless of source, is anonymized on the advertiser end. While Permission will know which data is tied to a person (for the purpose of awarding ASK Coins) advertisers won’t be able to link it to an individual.”

See Also: Blockchain technology now powers a privacy-focused security camera

“Brian Armstrong, CEO of Coinbase, took a strong stance against employee-driven corporate activism over the weekend, explaining that, going forward, his company would be “mission focused.”

It’s clear that Armstrong’s post comes in response to some kind of employee movement at Coinbase. He explains how he recently realized some employees believed Coinbase’s world-changing mission means the firm should actively push forward other ways to improve the world.

Now that he’s taken this stance, though, he has very politely told those people to be activists on their own time or find another job.

Armstrong’s position isn’t a message to Silicon Valley heavyweights to turn back the clock on employee “wokeness” – it’s an open letter to every other corporate leader, urging them to connect the dots between the political positions they might be taking and the central mission of their companies. And if the result is a picture they don’t like, rethink.”

See Also: Coinbase Launches 5% Staking Rewards for Cosmos’ ATOM

29 September

“Ernst & Young said its OpsChain Network Procurement platform is designed to enable companies to run private end-to-end procurement activities. The platform utilizes open-source software including the Microsoft-backed Baseline Protocol and operates on the public Ethereum blockchain.

It aims to move business processes outside of any one ERP system to a shared blockchain-based smart contract. Switching to a blockchain-based solution has cut down ERP cycle times by more than 90% and reduced costs by up to 40%. Companies can now plug into EY’s beta platform.”

“The STOXX Europe 50 includes 50 stocks from 18 European countries and provides a blue-chip representation of supersector leaders in the region. Meanwhile, the German 30 or DAX 30 is a stock index that represents 30 of the largest and most liquid German companies that trade on the Frankfurt Exchange.

Each contract offers up to 100x leverage and will be settled in stablecoin tether (USDT). The perpetual contracts will be open for trading 24/7, unlike equity exchanges which are open for business for a limited number of hours, five days a week.

This is the first time that an exchange from the digital asset space has launched a product that bridges the gap with traditional stock markets, representing a significant milestone in the evolution of crypto.”

“Uniswap clocked the record figure just after midnight (UTC) Monday and currently has $2.06 billion worth of crypto assets locked. The next biggest DeFi project, peer-to-peer lending platform Maker, trails slightly behind Uniswap at $1.96 billion TVL.

As of press time, there’s now more than $11 billion in TVL in DeFi, with Uniswap making up approximately 18% of that.”

Designed as a decentralized alternative to Amazon Web Services or Cloudflare, a data retrieval service, Filecoin mainnet will launch at block 148,888, currently expected on Oct. 15.

More than 400 miners from around the world participated in this month’s “Space Race” testnet phase where network data capacity increased by more than 325+ pebibytes – seven times the entire written works of mankind, in all languages.”

“In early 2020, we announced that ConsenSys would be separating our investment and portfolio management activities from our software business. The result is a new organization called ConsenSys Mesh, a complementary entity to the independent ConsenSys software business.

It’s where we are building decentralized identity solutions and driving technical ecosystem development. Mesh operates as a network of developers, researchers, founders, investors, and communities dedicated to advancing Ethereum and other decentralized protocols, pushing the limits of technology in ways we cannot yet imagine.

Mesh allows us to focus on exploring the innovative terrain beyond our software business. This model honors our roots as a venture studio and will maintain the spirit of uninhibited discovery that made ConsenSys what it is today. It is a space to create value for Ethereum and accelerate its lead as the most active, decentralized, and sophisticated blockchain network on the planet.”

The excitement in DeFi has shifted to the NFT market, with something like a Weird DeFi moment getting ever weirder, as groups form up to mint rare digital artifacts to be attained in unique ways and financialize their ownership.

Ever since Napster, ownership and rights of digitally distributed intellectual property has been a problem. ‘It’s hard to own that media, but you can do it pretty cleanly using tokens.’

There has been years of fertilizer but somehow the excitement engendered this summer by yield farming has come to NFTs this fall, and so the harvest is ready.

And here’s how Yearn could have helped: When the DeFi gateway created Y.Insure, a way to do KYC-free insurance on any crypto asset, it used NFTs to represent the policy with insurers.

NFTs are actually a financial asset class and they need financial infrastructure.

DeFi and NFTs merging to create weird new forms of yield get the imaginations of investors and BUIDLers firing.

Aavegotchi is a small startup with funding from the money market Aave. Aavegotchis are little playable avatars that can be used in the game world the company is building, both as protocol governance and to play actual games.

What’s really interesting about Aavegotchi, however, is this: Every character represents a real stake on Aave. The owner can liquidate the stake at any time, but their Aavegotchi will disappear. So it’s a test to see what happens to playability when characters have real value above and beyond their gaming value.”

“The land of the dollar is in trouble. The full economic repercussions of shutting down an economy for many months are yet to reach its apex. Debt is being monetized on a huge scale. There are huge wealth divides between generations, races and cities.

Traditional markets have mature financial products to hedge or flee such tectonic shifts. There are plenty of other world currencies or other non-USD denominated assets to transfer funds into should the dollar take a serious tumble.

Crypto lacks those same products. Despite Web 3.0’s aim to be both global in reach, and also free of the control of nation states, its fate is still incredibly tied to USD.

Originally, dai was meant to be pegged to the International Monetary Fund’s Special Drawing Right (SDR), which the IMF derives by bundling and carefully weighting five major currencies including the yuan, euro, British pound and the yen. But, Conti said, ‘USD was chosen in the end because people think in dollars, not SDR.’

The protocol is capable of changing its peg to follow another currency if needed. Having a DollarDai spin-off and then slowly make the underlying dai drift to an existing or new basket of currencies.”

“On September 25, OpenBazaar announced that their platform would likely shut down due to financial difficulties, stating that user growth and adoption had stalled.

A mysterious donor has since agreed to cover the cost of the marketplace’s operations through the end of the year.”

The Disrupt Weekend

“This week, AugurDAO released the first fully functional version of Augur Foundry, a UI for minting, wrapping, and settling outcome shares in Augur markets.

The Foundry tokenizes outcome shares in Augur markets into ERC20s, so they are composable and easily transferrable. Now, they can dance with the rest of DeFi.

The first version of the Foundry features ONE market: the U.S. presidential election.

AugurDAO launched a Balancer pool with the election outcome tokens. It’s a three-way pool with DAI, yTrump, and nTrump. If the market resolves YES (Trump wins the election), each yTrump token settles for one DAI, and each nTrump pays out zero. If it resolves NO, each nTrump settles for one DAI, and yTrumps pay out zero.

Last night, CoinGecko listed yTrump. At any point in time, its price should reflect the market’s perceived probability of Trump winning the election. For example, if it’s trading at .45, that signals ~45% odds of a Trump victory.”

Delphi Digital, a cryptocurrency research and consulting firm, purchased five Ethereum non-fungible tokens (NFTs) for over $162,000 on the blockchain game Axie Infinity yesterday.

And for Delphi Digital, Axies meant business. In periodic purchases on Thursday, the firm picked up five such Axie NFTs—like a “3 mystic” reptile Venom—and others for amounts ranging from 69.9 Ether (≈$24,128) to 150 Ether (≈$51,778).

In terms of scarcity, the so-called “Quad Mystic” type Axie that Delphi purchased was one of three ever made—out of an estimated 150,000 total Axies to ever be minted in the game.

As 3-4 mystics, they’re the rarest, most scarce Axies in the game. In the future, they’re the only Axies that can evolve into legendaries. They can also be used to generate a yield from battling and breeding them.”

“Balancer liquidity mining is only the tip of the iceberg. This new AMM can support all sorts of wild and innovative liquidity products. Stuff like smart pools, liquidity bootstrapping pools (LBPs), and more. All of this is coming to Balancer in the coming months.

This tactic will show you how you can provide liquidity to Balancer and highlights a few of the highest returning Balancer pools on the market today. Learn how to use ETH, BTC, and USD to earn over 100% APY on your assets.”

See Also: How to get the best yields on your crypto money
See Also: How to open an unsecured loan with Teller

“The internet, though purporting to solve historical forms of inequality by flattening communications, failed to realize its collective dream. It failed in large part because although it broadened and democratized speech, its economic logic was still beholden to hierarchical capitalist models of value extraction. The internet became, without our really knowing it, an economic medium, and a medium of brutal extraction.

Indeed, by 2020 world communication had been turned into the most potent engine for centralized value accumulation ever created.

No longer, it had been decided by a growing number of Earthlings by 2030, will companies and governments strip us of our expressive power, our powers to create cultures, worlds and value(s). No longer will they devalue our lives in accord with their agendas.

We will no longer alienate our “content” as property for someone else’s platform, we will no longer provide labor for someone else’s capital.

These two projects, the redesign of communications and the redesign of money are actually one. We know that you only get democracy with economic democracy, and that both imply radical decentralization.

In 2030 we do not need banks to provide us with liquidity, we receive liquidity over the same medium we use to communicate; we receive it from our trust-worthy network of peers, who will share stake in our activities as we share stake in theirs.

Our communication is increasingly our economy, and our economy is our communication.

Here, everything we do that is valuable to anyone else in our network can provide us with liquidity, units of credit on a secure, distributed computing fabric that is collectively built and owned.

“Value” was no longer a one-dimensional (dollar denominated) monologue. It became possible to value, in economic terms, “externalities” such as care, the environment, and indigenous forms of life.”

“There’s no denying that the above tokens have taken the whole crypto space by storm, mainly because of the quick succession in which they were introduced. A deeper look at the trend reveals similarities to the initial coin offering mania of 2017. Money is being pumped into these projects, while information about the developers and founders of most of them remains a mystery or is surrounded by controversy.

Here’s a look at the structure of the most popular ones.”

See Also: 5 Tax Tips Every DeFi Farmer Should Know
See Also: Ethereum Transaction Fees Fall To Lowest In 49 Days As DeFi Craze Subsides
See Also: Degens for Hire: Based.Money Is Launching Moonbase, a Place for DeFi Projects to Find Community

“Venezuela has its first Bitcoin satellite node capable of processing transactions without an internet connection.

The Venezuelan “space node” was set up in the country by Anibal Garrido and the Anibal Cripto team. It uses technology from Blockstream, which contracts satellites—in this case, EUTELSAT-113—to broadcast data between points via offline connections. That’s huge in a country where internet infrastructure is lacking.

Garrido added that he hopes to expand access by deploying something akin to a mesh network that can broadcast data between various devices.”

“KuCoin CEO Johnny Lyu said that one or more hackers obtained the private keys to the exchange’s hot wallets. KuCoin’s cold wallets were unaffected.

KuCoin is investigating the hack with international law enforcement and stolen customer money will be “covered completely” by an insurance fund, Lyu said.”

See Also: $130 Million of KuCoin Hacker’s Haul To Be Frozen by Crypto Projects

“OpenBazaar, launched in 2014, is one of the longest-running decentralized marketplaces. The marketplace said that it had “no choice” but to shut down its services due to a lack of “user growth and adoption.”

We don’t have a solid target at the moment but a soft one for us is 100k to keep it up for the next year.”

26 September

“Due to overwhelming demand, we have opted for a gradual release process where we will be integrating a small cohort of early adopters one at a time, in order to provide the best possible support to each pioneering project.

Synthetix has bravely volunteered to be the first [followed by Uniswap and Chainlink]! They will be incentivizing testnet usage (and breakage) with 200,000 SNX in rewards to their users for participating.

The testnet is currently open for public use, but not yet for public contract deployment.”

See Also: Stake SNX on the Optimistic Ethereum L2 testnet!
See Also: Rails: A New L2 Product from Loopring and DXdao Enables Gas-Free Ethereum Transfers

“When Twitter and Square CEO Jack Dorsey spoke at the virtual Oslo Freedom Forum 2020 on Friday, he said blockchain technology is the future of Twitter.

In short, Dorsey expects the nonprofit Blue Sky to create an open Twitter protocol, which users can contribute to and access data from instead of a centralized service where the social media platform hosts content on its website.

Blockchain and bitcoin point to a future, point to a world, where content exists forever. We’re not in the content hosting business anymore, we’re in the discovery business.

The keys will be more and more in the hands of the individual.”

“Powered by Uniswap and CoinMarketCap, the new Mask widget brings up a window featuring market data and an interface for trading on Uniswap when users hover the mouse pointer over crypto asset tickers in posts.

Mask Network hopes to expand the service to other popular social media sites such as Facebook as well as other protocols in the decentralized finance (DeFi) ecosystem. There are also plans for the widget to offer peer-to-peer payments, token issuance, and decentralized storage functionality.”

“Fintech enabler Plaid, which connects traditional bank accounts to thousands of digital platforms, including crypto exchange Coinbase, is quietly working with at least two decentralized finance (DeFi) startups.

The company confirmed integrations with Dharma, the Uniswap-friendly DeFi wallet with early backing from Coinbase and others; and Teller Finance, the DeFi startup looking to bring unsecured lending to the Ethereum blockchain.

I think a key thing is to be able to allow people to access and use their crypto assets in tandem with more traditional budgeting applications, payment applications. There’s no reason why, longer-term, your Coinbase account or your Compound wallet could not be included in that so you can track it and use it across many other traditional applications.”

“While the INATBA generally sees the MiCA as a positive step that aims to establish regulatory clarity, some of its members outlined a number of significant concerns.

For example, they claim that in its present form, the MiCA could ‘overburden a young and innovative industry with costly and complex compliance and legal requirements that are disproportionate to the policy objectives it pursues.’

INATBA also underlined that the proposed legislation in its current form could negatively impact some emerging industry sectors like Decentralized Finance, or DeFi. ‘Certain analyses suggest that, under the proposed regulation, novel and early-stage developing markets such as Decentralised Finance would likely no longer be accessible to Europe and her citizens.'”

Ethereum workshop ConsenSys said it has been chosen by the Hong Kong Monetary Authority (HKMA) to assist in Hong Kong and Thailand’s cross-border central bank digital currency (CBDC) pilot.

ConsenSys will ‘work on the second implementation stage’ of those countries’ Project Inthanon-LionRock CBDC.”

“The total value of stablecoins has now surpassed $20 billion, reflecting the growing demand of investors looking to hedge their risks in both crypto and traditional markets.

The total value of assets for all stablecoins breached the $20 billion, only a little more than four months after the number broke a $10-billion record in May.

The surge of stablecoin demand may also be because of heightened interest in the decentralized finance (DeFi) sector.”

See Also: 100M people worldwide now use crypto-based assets, says Cambridge study
See Also: On-Chain Data Suggests Ether Investors Bought September Dip

“Diamond Standard, a New York-based startup, is launching a novel way to buy, track, and sell diamonds on the Ethereum blockchain: The company wants to turn diamonds into a liquid commodity, as fungible and easy to trade as any other asset.

If you buy a diamond on 47th Street in New York and try to sell it, you are going to have a hard time getting two-thirds of your money back out of that. Even if you take it to Sotheby’s and try to auction it, you’re going to pay 18% commission. We’ve made an efficient commodity just like gold.

After a vendor delivers their diamonds to a global Gemological Institute of America lab to be assayed, the diamonds are inspected and separated into sets. They’re then assembled into a “Diamond Standard Coin,” which is sealed with an embedded, wireless encryption chip. The process is audited by Deloitte and the coin is registered as an ERC-20 token on the Ethereum blockchain. It can then be traded, sold, or even used as collateral for a loan.

Once the coin is purchased, the diamonds ship to the buyer or to approved custodians BitGo, Gemini, Dillon Gage, or IDS Delaware.”

“Four Knesset members from the nationalist Yisrael Beiteinu party on Tuesday introduced a draft bill that would effectively end Israel’s 25% capital gains tax on bitcoin by redefining certain “distributed digital currencies” as currency, instead of a taxable asset.

The proposed re-designation applies to cryptocurrencies with: a distributed issuance network, a 1 billion shekel ($288 million) market cap or more, a general use purpose and an independent origin story.

Defining cryptos as currency would simplify Israeli bitcoiners’ tax burden and make qualifying coins a more attractive payment mechanism, according to the measure.”

“Ant Group, the parent company of Chinese payments giant Alipay, unveiled its new Antchain-based global trade platform for small to medium-sized enterprises.

Going by the moniker of Trusple, the platform aims to streamline the process of cross-border trading. Trusple will use Ant Group’s recently launched blockchain solution, AntChain.

As the order progresses this is then updated with information on logistics, customs and duty, and other pertinent data.”

“Harvest.io is Kava’s new automated money market protocol. Kava, built on “blockchain of blockchains” platform Cosmos, is one of several blockchains seeking to diversify DeFi beyond Ethereum.

Harvest.io appears very similar to Compound and Aave, two decentralized lending protocols housed on Ethereum, only Harvest.io supports Bitcoin and XRP, as well as Binance’s BNB and BUSD.

But Harvest.io is a permissioned blockchain. Those operating nodes on Kava include some of the world’s largest crypto exchanges, such as Binance, OKEx and Huobi. Harvest.io will eventually decentralize.”

“Russian internet censorship agency Roskomnadzor blacklisted Binance in June, but apparently only made the cryptocurrency exchange aware of its decision today.

The reason, according to Kostarev, was that Binance had been caught publishing information about how to buy and sell bitcoin, which is apparently an offense in Russia.

Not sure if we should laugh or cry.”

25 September

“The Digital Commodity Exchange Act of 2020, introduced Thursday by Rep. Michael Conaway (R-Texas), seeks to create a federal definition of “digital commodity exchanges,” putting them in their own legal category and charging the Commodity Futures Trading Commission (CFTC) with oversight.

The bill outlines a new framework for digital currencies, treating them similarly to commodities under the Commodities Exchange Act. The DCEA also allows for certain types of initial coin offerings.

If passed, the act would streamline a number of disparate cryptocurrency regulations in the U.S., creating legal clarity for token issuers and lowering the barrier to entry for exchanges hoping to operate in a compliant manner.

DCEs would be required to segregate customer assets and hold them in separately regulated entities which are licensed to custody digital assets.

This should also help to better define the line between SEC and CFTC jurisdiction: pre-sale agreements will continue to be regulated by the SEC, but there will be less need for continued SEC wariness once the tokens are delivered and the network is live.

The bill is unlikely to pass before the upcoming election, but with its introduction, the general public can begin providing feedback or suggestions on how to improve it for a future Congressional term.

The introduction of this bill in this Congress is an important step in a process that is likely to play out more fully when the new Congress convenes in January.”

See Also: Congress sees two new bills looking to chart CFTC and SEC regulatory turf in crypto
See Also: Commissioner Peirce wants to see the SEC approve a Bitcoin ETF

“Dubbed the “Regulation on Markets in Crypto Assets” (MiCA), the bill will provide clarity on what constitutes a “crypto asset,” as well as definitions for different token subcategories. It will provide rules on digital asset custody and capital requirements.

Officials also floated the idea of a regulatory sandbox initiative for companies developing infrastructure for the trading and settlement of digital assets.

If passed, the MiCA would turn the EU into the largest and most significant regulated space for cryptocurrencies anywhere in the world. The framework will be applicable in all 27 member states, giving regulated crypto companies passporting rights across the entire bloc.”

See Also: Gemini Exchange Launches in UK After Being Awarded EMI License

“The Liquality Atomic Swap Wallet can act as a trustless alternative to current methods of porting cryptocurrencies into the decentralized finance (DeFi) space due to the peer-to-peer (P2P) nature of atomic swaps.

Liquality’s wallet leans on atomic swaps and hashed time locked contracts (HTLC), a cryptographic escrow scheme that allows two parties to swap assets without trusting the other party.”

“Decentralized finance (DeFi) protocols are racing to implement Layer 2 scaling solutions as Ethereum gas fees skyrocket and the network struggles under the demand.

Synthetix is upgrading September 24. The world’s leading DeFi DEX, Uniswap is also working on a major upgrade with Uniswap V3. Aave stated that its ‘aTokens’, which are minted to represent crypto collateral assets on the platform, will integrate EIP 2612 for gasless approvals.

Optimstic rollups is a Layer 2 solution that scales Ethereum smart contracts and dApps up to 2000 transactions per second.”

“The world’s largest payments processor has said it’s considering partnership proposals from an increasing number of crypto companies.

Coinbase has been Visa’s most prominent crypto partner. But Angelos said Visa had already “onboarded” another 25 crypto companies that were ‘at various stages of development.‘”

“Climate-change startup Nori has been funded to build a blockchain-based market for carbon credits that will start by paying farmers to remove CO2 from the atmosphere.

The same way that blockchains prevent the double-spending of digital coins, so too can they solve the double-counting problem in the carbon offset market.

The idea is to build a carbon-removal marketplace that makes it really simple for people to pay for carbon dioxide that’s being removed from the atmosphere in a verifiable way.

With Nori, farmers can adopt regenerative practices like planting cover crops in empty fields over the winter and get paid for doing so, as the same process that rejuvenates the soil also sequesters carbon.”

“Announced Thursday, blockchain-based data monetization startup Ocean Protocol is teaming up with Balancer Labs to create the first automated market maker (AMM) for data.

Ocean Protocol is about helping people and businesses unlock data and monetize it, spreading the benefits of data and AI beyond the handful of organizations that hoard, control and get rich from it.

Many people have tried to build data marketplaces in the past, but have been held back by issues of privacy and control. With blockchain and compute-to-data, Ocean is addressing this.

Ethereum-based Ocean creates data tokens, which can represent a particular dataset – be it an individual’s DNA or something much larger and more valuable, like all of Daimler’s self-driving car data. The tokens act as an on-ramp to the data, which is stored elsewhere. The second part of the puzzle is establishing a marketplace where this tokenized data can be discovered, priced and traded using Ocean’s native token (OCEAN) or other cryptos like ether (ETH) or dai (DAI).

Pricing data is hard. Now, with the third version of Ocean, McConaghy has concluded AMMs like Uniswap do the job best.”

See Also: Startup Aleo Wants to Help You Use the Internet Without Sacrificing Data Privacy

“The Ministry of Finance previously tried to introduce harsh restrictions for crypto transactions in the country.

In this latest attempt, it wants crypto users to have to report their digital wallet address, transaction history and balance if the wallet receives more than 100,000 Russian rubles (around $1,300) during one year.

Failure to report a wallet which received over $13,000 in one year would lead to a punishment of up to three years in prison.”

“The Atari VCS was first released in 1977 to bring classics like Space Invaders and Pac Man into the home.

While it can’t compete with the major consoles of the gaming world, Atari’s rebooted VCS console/PC hybrid will have the Ultra blockchain-enabled gaming platform installed as standard.

Gamers will also be able to take advantage of the platform’s blockchain-enabled features, including in-game NFT trading, esports tournaments, and the recently announced game streaming feature, all whilst earning tokenized rewards.

24 September

“The Chamber of Digital Commerce, a blockchain advocacy group based in Washington, D.C., announced Wednesday that former acting White House chief of staff Mick Mulvaney has joined the group’s board of advisors. The blockchain advocacy group also said Visa, Goldman Sachs and Six Digital Exchange (SDX) have joined the group as executive committee members.

The advocacy group’s founder, Perianne Boring, said that diverse leadership with experience in both the public and private sectors was needed to assure the future of blockchain technology in the United States.

I believe U.S. advancement of blockchain development and policy is crucial to our continued success as a global leader in technological evolution.”

See Also: Coinbase Hires Executives From Venmo, Adobe and Google

“Last week, Vitalik and I released EIP-2982: Serenity Phase 0.

The release of this EIP, together with the selection of the final v1.0 mainnet parameters and the launch of the deposit contract (tbd, very soon), are some of the final remaining milestones before mainnet.

Phase 0 mainnet is coming soon (no “™️” necessary), and everyone involved is making their final preparations for launch🚀”

See Also: The State of 1559 – Update 001

“[The Fed] propose creating a monetary tool that they call recession insurance bonds, which draw on some of the advances in digital payments, which will be wired instantly to Americans.

Congress would grant the Federal Reserve an additional tool for providing support—say, a percent of GDP [in a lump sum that would be divided equally and distributed] to households in a recession. The Cleveland Fed president writes that:

“The experience with pandemic emergency payments has brought forward an idea that was already gaining increased attention at central banks around the world, that is, central bank digital currency (CBDC).

Legislation has proposed that each American have an account at the Fed in which digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments.

In launching digital cash, the Fed would then be able to scrap “anonymous” physical currency entirely, and track every single banknote from its “creation” all though the various transactions that take place during its lifetime. And, eventually, the Fed could remotely “destroy” said digital currency when it so decides. Oh, and in the process the Fed would effectively disintermediate commercial banks, as it would both provide loans to US consumers and directly deposit funds into their accounts, effectively making the entire traditional banking system obsolete.

To summarize, the wheels are already turning on a plan that sees the Fed depositing “digital dollars” to “each American”. Why? Absent a massive burst of inflation in the coming years which inflates away the hundreds of trillions in federal debt, the unprecedented debt tsunami that is coming would mean the end to the American way of life as we know it.

“Bitcoin Lightning developer, Joost Jager, has outlined an exploit of the micro-payments network that could result in channels being compromised with very little effort and negligible cost.

The attack could be carried out on wumbo channels, which essentially allow larger transactions between mutually agreeing parties on the Lightning network.

If the script kid is lucky, they only need to send 54 payments to get it done. A single tiny channel takes double-digit amounts of Bitcoin out of business.

When asked whether this ‘griefing attack’ is the biggest unsolved attack vector on LN today, he added:

That depends on how you define biggest. There are other attacks that can make you lose money which seems worse. But this one is one of the biggest in terms of not knowing how to solve it.

“OUSD will be backed one-for-one by the three big stablecoins on Ethereum: Tether’s USDT, Circle and Coinbase’s USDC and MakerDAO’s DAI. Users can mint OUSD by depositing any of those three into Origin’s new app, or they can just buy it on Uniswap. Either way, the OUSD will just start growing in their wallet, no further action needed.

On the backend, Origin will take deposits and start yield farming them in different protocols, starting with the DeFi money market Compound. OUSD will also be integrated into all the stores in Origin’s DShop, its ecommerce platform.

For merchants that have traditionally been skeptical of receiving cryptocurrency payments, being able to accept a yield-bearing instrument that beats traditional savings accounts is a powerful motivator.

We want to make DeFi much more accessible.”

See Also: Europe’s central bank is concerned about possible runs on stablecoins

“The move is part of a broader crackdown on money laundering in China. Facing the brunt are China’s over-the-counter (OTC) crypto dealers. The move has to lead to many crypto OTC dealers shutting down their business in fear of repercussions.

Some crypto OTC accounts have reportedly been put on a “blacklist” maintained by the PBoC and are forbidden to use bank-issued cards for the next three years or conduct online transactions in the next five years.

However, some industry observers say the blacklisting does not apply to simple cryptocurrency sales. ‘Normal cryptocurrency transactions are not illegal, and only those involving black money and illicit assets will be frozen.’

China has no concrete laws on cryptocurrencies however, making the asset class a legal gray area and hence susceptible to the judgment of individual banks.”

Bitcoin Market Cycle ROI

“Parity Technologies has released the second version of its blockchain building kit, Substrate 2.0.

The new release gives developers additional tools to customize a blockchain ‘precisely for your application or business logic.’ Substrate 2.0 also includes modules for bringing off-chain data onto the blockchain using what it calls “off-chain workers.””

See Also: RockX launches $20 million investment program for the Polkadot ecosystem

“DeFi is a segment of the blockchain industry consisting of automated lending and trading platforms that aim eventually to displace banks and Wall Street firms. ‘This has got the potential to really change the way finance is carried out.

Cryptocurrency analysts say DeFi systems are likely to grow over the long term, though short-term risks are high in the nascent market.

Panxora’s new hedge fund, based in the Cayman Islands and scheduled to start trading on Nov. 2, will primarily buy tokens listed on big centralized cryptocurrency exchanges. That’s primarily because few if any decentralized exchanges can guarantee sufficient compliance with anti-money-laundering rules, and also because a token listing from an exchange theoretically implies some level of vetting.”

See Also: This Ethereum Startup Is Building a ‘DeFi Firewall’ for Institutional Investors
See Also: Data Site DeFi Pulse Fixes Bug, Says Value Locked Actually Hit $13B Last Week

“The government department responsible for regulating cryptos has legalized the mining industry. Any local entity wishing to mine cryptos must apply for a licence.

Unusually, all mining activities must be carried out through an official National Digital Mining Pool, with those who operate outside it to face penalties.

Centralizing mining in this way will mean that the government is able to control any income earned from the pool’s combined mining rewards. Thus the government could potentially freeze or delay miners’ payments or levy any taxes before payments have been made.”

See Also: Russian government prioritizes blockchain development
See Also: Colombian gov’t invites companies to trial its crypto transaction framework

“Nigeria has led the continent’s growth in 2020, posting weekly P2P volumes of between $5 million to $10 million, followed by Kenya and South Africa with between $1 million and $2 million a week each.

The increasing demand for crypto is being driven by the benefits that virtual currency offers over the notoriously exclusive local banking sector. Reitz notes that crypto assets are seeing increasing popularity among Africa’s large community of workers who live away from their home countries.”

“Part of an art project that combines 40 paintings carrying a transcription of the code behind the Bitcoin blockchain is set to go under the hammer at Christie’s New York. 

The auctioned artwork is also associated with an Ethereum-based non-fungible token (NFT), which will serve both as a way to prove authenticity and be a digital representation of the physical painting.

This is Christie’s first time presenting a work that explores crypto culture at auction and, as ever, we are very excited to welcome new audiences and collecting communities.”

23 September

“A decentralized way to copy bitcoin (BTC) over to Ethereum is relaunching today after a smart-contract bug sunk the project in May.

The tBTC protocol works on both the Bitcoin and Ethereum blockchains, with users locking up BTC on Bitcoin so that nodes in the Keep network can mint TBTC, staking 150% of the BTC’s value in ETH.

tBTC already had $24.21 million staked as of early Tuesday morning. The tBTC protocol has been audited by ConsenSys Diligence and Trail of Bits.”

See Also: Supply of Tokenized Bitcoin on Ethereum Now Tops $1.1B: Here’s Why

“Three major power plants in Iran will soon offer their energy outputs exclusively for Bitcoin mining. A new ruling in July allowed power plants to engage in the business. The July ruling is said to be a savior for the country’s electricity industry.

Iran’s adoption of Bitcoin comes at a time when the country grapples with a bleak economic outlook and international trade sanctions. Iranian ministers said in 2019 that regulated, industrial-scale Bitcoin mining can pull in, anually, an estimated $8.5 billion.

“The first exchange-traded fund (ETF) to broadly track the digital asset market has been accepted to list on the Bermuda Stock Exchange (BSX).

This particular product, which will be denominated in USD, will track an index currently being developed by Nasdaq. Its composition is still under wraps, but will give a broad exposure to the asset class.

“We’re proud to announce that the Rocket Pool 2.5 Medalla Rolling Beta will be starting in a few weeks, on the 6th October, 2020 00:00 UTC. All you’ll need to participate is a browser with the latest version of MetaMask or a Ledger and some Goerli ETH to stake.

You’ll be able to stake, get rETH, run a node and much more, all using actual beacon chain clients on Medalla!

All participants will share a reward pool of 10,000 RPL for contributing to the Medella beta. Stakers and node operators will be entitled to a share, though node operators will receive 3x more proportionally.

Rocket Pool aims to align the interests of those who want to stake without running a node, with those who do want to run a node and generate a higher return on their own staked ETH during the process.”

See Also: SnowSwap: Bringing Liquidity to Stablecoin Yield Farming
See Also: Registration is now open for Etherisc

A group of anonymous Uniswap users is trying to unite the many small holders of the UNI governance token. The group is asking UNI holders to claim UNII tokens in order to form a party within the UNI community that can counter the power from the founding team and investors.

After the decentralized exchange airdropped a share of its new governance token to everyone that had ever used it (up to Sept. 1), it received instant praise from both its users and the crypto community. However, as some took a deeper look at how UNI was distributed, they began to question just how much control the community will truly have.

Of the total supply of 1 billion UNI tokens, around 40% of them will eventually be allocated to team members, investors and advisors.

The people behind UNII see a big hurdle in the fact that 1% and 4% of UNI total supply are required, respectively, to submit a governance proposal and to vote “yes” to reach quorum.

We are all minions in terms of voting power.”

“Anthony Pompliano and Jason Williams have reportedly made a “big bet” by partnering with a number of digital artists. Pompliano said he was confident he would see a “6,000x increase” in the digital art market cap, which he estimated at currently less than $10 million.

Similar to how Bitcoin is superior to gold in almost every way, digital art is superior to traditional art in almost every way also. I personally believe that the digital art market cap will grow to become larger than the physical art market cap.”

See Also: The new DeFi market where users can sell jpgs and gifs for thousands in Ethereum

“The European Central Bank (ECB) is looking into the benefits and risks of a digital currency.

Rather than as a replacement for cash, a digital euro would “complement” traditional money. The central bank digital currency would further provide an alternative to “private digital currencies” for EU citizens. This, she said, would ‘ensure that sovereign money remains at the core of European payment systems.’

The latter comment references fears from regulators and governments that a massively popular cryptocurrency could threaten the power of central banks to control monetary policy and even cause a shift away from the use of fiat money.”

See Also: 0x, Kraken and Stellar Awarded Board Seats at Top Crypto Lobbying Association
See Also: ‘Misleading’ Term Stablecoin Should Be Ditched, Says ECB

Wealthsimple Crypto will allow users to buy and sell Bitcoin (BTC) and Ether (ETH) through the platform’s mobile app. Deposits and withdrawals can only be made in Canadian dollars,

To date, Wealthsimple Crypto is the only crypto asset platform that has been authorized to operate in Canada by the Canadian Securities Administration (CSA).

Wealthsimple will not hold any cryptocurrency assets in its own hot or cold wallets. The crypto custody service on Wealthsimple is provided by Gemini.”

“With NASA’s recent announcement of its search for companies willing to go to the Moon and retrieve samples by 2024, it may not be long before blockchain is involved.

Space mining could be one application, with robots negotiating transactions autonomously. With no sovereign authority in space, companies engaged in space activities could use smart contracts to manage inter-operator governance.

If you gaze a little bit into the future and imagine a whole supply chain based on celestial body resources, that’s easy to envision, especially if transactions are negotiated between robots.”

“Crypto exchange Zebpay has launched a campaign with ads featuring Bitcoin during the Indian Premier League cricket games.

Sharma stated that the ads represented a ‘historic moment for crypto in India.’ More than 462 million people watched the Indian Premier League games in 2019.”

22 September

The OCC has published fresh guidance, officially clarifying national banks can provide services to stablecoin issuers in the U.S. The OCC detailed how banks should handle stablecoin reserves, specifically referring to stablecoins backed by currencies like the dollar.

Senior Deputy Comptroller Jonathan Gould, explained that while banks should conduct due diligence and ensure they assess the risks of banking any stablecoin issuers, stablecoins are becoming increasingly popular. The OCC wants federally regulated banks to feel comfortable providing services to stablecoin issuers.

We’ve seen really robust demand from significant banking institutions to get involved in reserve banking stablecoin clients.

Further, the U.S. Securities and Exchange Commission (SEC) said certain stablecoins might not be securities under federal law, but advised issuers to work with the agency and legal counsel to ensure this is the case.

Whether a particular digital asset, including a so-called “stablecoin,” is a security under the federal securities laws is inherently a facts and circumstances determination. This determination requires a careful analysis of the nature of the instrument, including the rights it purports to convey, and how it is offered and sold.

Monday’s statements would appear to apply to fiat-backed stablecoins only, not algorithmic ones like MakerDAO’s DAI.”

See Also: Meet in the Middle: Crypto Companies and Banks Are Evolving Together

Banks watched on as millions of dollars of dirty money was funneled through the global financial system. London is heavily implicated in the documents, with large amounts of illicit funds flowing through the capital.

Leaked documents detail how over $2 trillion worth of dirty money has been funnelled through the world’s biggest banks. Over 2,500 documents, including over 2,000 suspicious activity reports (SARs), document how authorities were provided with evidence and failed to act.

The FinCEN Files are unprecedented. In 2016, the Panama Papers documented how the world’s wealthiest avoided tax with the help of law firm Mossack Fonseca. A year later, the Paradise Papers revealed further offshore dealings to the benefit of politicians and other public figures. What makes the FinCEN Files different is that they reveal systematic evidence of global corruption, rather than the wrongdoings of a handful of actors.

See Also: The FinCEN Files

Banking veterans who have steered divisions at HSBC, Citigroup and Merrill Lynch in the Asia-Pacific region are ditching traditional finance to invest in cryptocurrencies.

Liquibit is said to arbitrage a portfolio of bitcoin, bitcoin cash, ether, litecoin and eos. It is expected to expand to trading derivatives, options and futures on BitMex, Huobi, OkEx and Deribit.

Chang, now Liquibit Capital’s chief investment officer, said regulatory bloat and a surplus of middlemen at investment banks convinced him and his partners to switch to cryptocurrency markets.”

“The Norwegian Government Pension Fund, also known as the Oil Fund, has over $1 trillion in assets, including 1.4% of all global stocks and shares. It is considered the world’s largest sovereign wealth fund.

The Norwegian Government Pension Fund [also] has a 1.51% stake in MicroStrategy. This puts the company’s portfolio in BTC at around $6.3 million.

In addition, two other major investment advisory companies, BlackRock Fund Advisors and the Vanguard Group, have a 15.24% stake (5829.30 BTC) and a share of 11.72% (4482.90 BTC), respectively.

The Vanguard Group is an American investment advisor with about $6.2 trillion in global assets under management (AUM) as of January 31, 2020. It is the largest mutual funds provider and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock’s iShares. BlackRock Fund Advisors, on the other hand, has $7.3 trillion in AUM.”

“That the CIA, one of the U.S. intelligence community’s two code-breaking hubs, would take an interest in researching a technology secured by cryptography should come as no surprise to observers.

MIT’s reporting notes the labs will give CIA a useful incentive to woo tech talent that might otherwise turn to Silicon Valley’s giants. Officers who develop tech inventions in the lab will be permitted to patent, disclose and partially profit from their work.”

“China’s e-commerce giant will reportedly help develop apps that support the forthcoming digital renminbi.

JD Digital Technology and the Digital Currency Research Institute will promote the development of mobile applications and blockchain platforms that are in line with PBoC’s forthcoming central bank digital currency. The two entities will also promote the creation of wallets that support China’s digital currency.”

“In an order signed on Monday, Judge Beth Bloom at the Florida court denied Wright’s motion seeking summary judgment that would have prevented the matter from proceeding to a full trial.

The trial involving Wright’s bitcoin fortune has now been moved to Jan. 4, 2021.”

The Disrupt Weekend

Highly recommended read.

“As we move toward what Ray Kurzweil has called the “technological singularity,” in which AIs exceed humans in general intelligence and radically alter every aspect of life on Earth, it is increasingly clear that blockchain will be a critical part of the story. And just as the singularity may unfold with various levels of benefit or destruction, so the role of blockchain may come out positive or negative for humanity.

At least three options seem reasonably plausible to me: Corporate Techno-Fascism, Decentralized-Digital-Democracy (DDD) and … Human-Free.

Will we see a dark future of corporate-totalitarian hegemony, a democratic, decentralized future of diverse flourishing creativity – or a future in which advanced artificial general intelligence (AGI) tech leaves biological humanity entirely by the wayside?

The ways in which blockchain technology is developed right now will be part of the nexus of factors influencing what sort of outcome eventuates for humanity generally.

Blockchain provides an extraordinarily good tool for maintaining centralized control in a large, complex network, like a global, corporate, techno-fascist social order. It provides unparalleled capability for top-level leaders to make sure that none of their underlings on any level are corrupt, and keeps detailed, real-time records on every member of the society they rule over.

As the percentage of economically irrelevant humans increases, blockchain provides a perfect tool for governments and corporations to keep chaos from breaking out via carefully tracking flows of money and information, and making sure that media misinformation is intelligently enough placed to keep the population’s mind filled with compliance-inducing narratives.

While dark potentials inarguably lurk on the horizon, more beneficial outcomes also remain firmly within reach. It may well happen that the breakthroughs to human-level and superhuman AGI occur in the domain of open-source hackers and decentralized networks rather than corporate or government labs.

Looking closely at the relation between the future of blockchain and the future of humanity, one becomes convinced that the former is much more firmly assured. Yet I remain highly optimistic: There seems a very palpable possibility that we can navigate through the challenges ahead and craft a democratic decentralized future, leveraging the best of humanity and the best of our advanced technologies including blockchain and AI.”

Hard money regimes are abandoned in wartime, because the debasement of money is a prerequisite of most wars. An honest currency system backed by Bitcoin (BTC) or gold would require Americans to explicitly consent and confirm their willingness to pay for military aggression, as well as all other routine functions of government and the private sector.

An honest currency demands that, when we go to war, we have skin in the game. It’s a small sacrifice to write an IOU for other people’s money, but people more carefully reflect upon the cost and benefits of a purchase when they see their budget shrink in real time.

If all Americans had used Bitcoin in 2001, we would have had to consent to taxation in order to fund the war-on-terror, therefore immediately feeling the impact of that decision. On the flipside, the value of savings would also be realized, allowing us to better appreciate the effect of adopting a sensible energy policy along with a more efficient allocation of other resources. Prices would again function as a representation of our individual preferences rather than government promises.

Fiat paper money exists only through the monopolistic force of the state. Paper money is dishonest, corrupt, deceitful, and is managed by a cartel. Distrust and power are its currency. The use of fiat money requires permission. It is always subject to confiscation and surrender.

Bitcoin does not allow odious debt and debt that is not explicitly agreed to. It has other attractive features as well: immutability, decentralization, privacy and scarcity; easy to divide and easy to transfer; there’s no need for an intermediary, no need for permission; no one can debase it and no authority controls it; and lastly, the ledger does not lie.”

“While the Chinese CBDC is closely watched by all, few feel that it will be enough to unseat the dollar. However, that’s not to say that it won’t degrade the position of both the dollar and the euro — the two most important currencies today.

CBDCs offer faster and cheaper remittance and programmability, amid other benefits. If trade can be streamlined and costs cut with new currencies, invoicing in CBDCs will undoubtedly follow. While trust still needs to be shored up for this new technology, a successful launch could quickly ascend the ranks of reserve currencies.

The major issue that China faces is political. The global opinion on China’s government is not one of total trust.

Further, while controllable anonymity is part of the proposed DCEP system, the People’s Bank of China would still have access to all identity and trading information. The chances of U.S. and European businesses, among others, using a currency that could cede so much information while stepping on their global market shares is minimal.

Given our increasingly digital lives and the improvements that digital currencies promise, steps need to be taken to bring our lagging financial system into the future. With the digital yuan imminent in the next 10 years, other top currencies will have to follow suit or be left behind as relics of a bygone era.”

With this shift, trading fees will be split between liquidity providers and veCRV holders. In order to participate in governance, users need to stake their CRV to the voting contract, exchanging CRV for veCRV (voting escrow CRV).

We’ll start moving towards a cashflow-based protocol because the numbers are too sweet to not do it.

Over the last week, fees on Curve have varied between approximately $70,000 and $150,000 per day. The project just hit a new all-time-high daily volume at over $400,000,000.”

See Also: Fork Defense Strategies in DeFi

“The Cuban government curbs internet access and a US trade embargo restricts imports.

Cubans must buy cryptocurrency from people who buy the coins from abroad, or have relatives to do so. Groups on WhatsApp, Telegram and web platforms [also] make it easy for buyers to find sellers.

Thanks to cryptocurrencies, Cubans can make purchases on major international sites and subscribe to digital services, such as Amazon and Netflix.”

See Also: Indian state of Tamil Nadu announces blockchain infrastructure plan

“OpenRelay will help Ethereum Classic to ‘develop practical simulations and models for the proposed features, establishing testnet infrastructure, and designing and implementing testnet tests’ while ChainSafe is working on a review of the many security proposals to keep the network safe.

Ethereum Classic has seen at least three 51% attacks in August alone.”

19 September

“Last night, the top automated decentralized exchange, Uniswap, dropped a share of its new governance token to everyone that had ever used it, even those whose transactions had failed.

The fact that it went beyond rich liquidity providers (LPs) and rewarded regular users, that is what really got crypto talking last night. It gave something like $1,400 (400 UNI) to all its past traders. Even more went to anyone who had supplied liquidity.

UNI is likely also important as a way of keeping itself in the good graces of financial authorities such as the Securities and Exchange Commission (SEC). The innovation in its distribution is in the fact that it went to real users rather than only to speculators.

This makes it very difficult for regulators to touch them (as Uniswap was very sensitive about that). So now we have gradual and proven decentralization first, followed by a sudden token, which is a perfect playbook that legitimizes the token model, while it maneuvers around potential SEC scrutiny.

And notably, this distribution to actual users is something that only Uniswap can do and its several forks cannot.

I think it’s genius in every way.”

See Also: Uniswap’s Newly Launched UNI Token Has Already Doubled in Price

“Data collected from Etherscan shows miners collected a total 42,763 ether in transaction fees on Thursday, a new all-time high. That’s currently worth nearly $16.5 million.

That comes as daily volumes on Ethereum surged nearly 400,000 on Thursday to 1.4 million transactions, also smashing the previous 1.34 million record reached in January 2018.

There is currently over $9 billion worth of assets locked in DeFi applications, according to DeFi Pulse, up from approximately $675 million at the start of the year.”

See Also: This DeFi Group Wants to Bring Maturity to the Yield Farming Craze
See Also: How Normies Are Getting Crypto-Rich With DeFi

“Baseline Protocol started with support from 14 founding companies. Today, 700 members and eight sponsor organizations make up the Baseline Protocol community.

Accenture sees tremendous potential in Baseline Protocol. In particular, Klein mentioned its ability to provide confidentiality and double-spend protection in permissionless networks like Ethereum.

Brody further commented that client interest is very strong for Baseline Protocol, even in its infancy and in the early stages of Ethereum 2.0 development: ‘I see enterprise adoption of the Ethereum mainnet accelerating very significantly, with no slow down for the Eth 2.0 transition.’

Moreover, Brody shared that once enterprises become comfortable with using the Ethereum network, the eventual adoption of decentralized finance by large organizations will be seen.”

“For Lightning Labs, the update comes to its Faraday suite with the addition of an automated accounting feature to make bookkeeping easier for node operators and Lightning Network service providers (LSPs). For Blockstream, the 0.9.1 release of c-lightning improves channel opening and routing mechanisms to make opening channels (and sending payments) easier than before.

In our correspondence, Kirk-Cohen claimed that the new Faraday release, when taken in tandem with other recent LND updates, signals that the Lightning Network is ready for business and enterprise adoption.

The recent release of Wumbo in lnd v0.11.0 was a sign that we believe the software has matured to the point where businesses and serious node operators can start to move more capital onto the network.

“The VeChain Foundation has become the first blockchain-based entity to join the China Animal Health and Food Safety Alliance (CAFA). China has suffered a number of scandals involving food safety – or lack of it – such as counterfeit baby milk and frying oil containing carcinogens.

CAFA intends to build a “farm to table” traceability system across China that would record the various stages of the food supply process on the blockchain in order to build trust with consumers.

VeChain will assist the alliance in the development of its platform by connecting member organizations within China’s food supply chain and offering technical support. The firm hopes its ToolChain platform will be integrated by the companies into their existing business processes.

Dash Platform will incorporate four features: a Dash Drive, a decentralized API, or DAPI, a username layer, or DPNS, and the Dash platform protocol, or DPP.

Clients will be able to integrate their applications to the Dash Platform by using the distributed, decentralized application programming interface — the DAPI. Meanwhile, the Dash Drive provides support by enabling these clients to send, store and retrieve application data as well as to query the blockchain through a simplified interface.”

“Ledger Live version 2.11.1 introduces a new feature called Coin Control which gives users the ability to adjust transaction settings to include more privacy or optimal fee usage.

Now, users can select the addresses they want to use for transactions using Coin Control instead of the previous default First-in, First-out (FIFO) method of automatically using the oldest address.

This matters because it prevents third parties tracking those transactions through tiny amounts of BTC, called dust. With Coin Control, users can simply choose to not use this tiny UTXO.”

“Today’s internet looks less like its inventors’ visions of a decentralized, democratic information network and more like an oligopoly controlled largely by the companies that own the data.

In a few years, all companies will need to rethink their operating models to treat their users as crucial partners from the start. Proprietary platforms might start to become open-source protocols.

Web 3.0 networks are powered by decentralized protocols. These protocols rely on and engineer the cooperation of their users to drive specific outcomes. Instead of extracting value from their users, Web 3.0 networks will capture value by creating opportunities for them. In this way, Web 3.0 protocols essentially turn the economic incentive structure of today’s internet on its head.

Decentralizing the internet will shift its power structure and redistribute ownership of this critical technology to individuals. The internet is one of humanity’s most important technologies. Let’s make sure it serves us well for decades to come.”

“Blockchain-centric cybersecurity firm Xage has secured a contract to create a decentralized end-to-end protection protocol for the US space force (USSF).

We built the Xage solution to serve the needs of complex critical infrastructure systems, and are excited to bring the Xage solution to the Space Force in the form of a blockchain-protected space system security.”